Dana Resources to Launch Intensive Exploration Program
September 03 2009 - 8:30AM
Marketwired
Dana Resources (OTCBB: DANR), a US-based precious metals
exploration and development company, is pleased to announce initial
plans to launch an intensive exploration campaign on its metals
projects. Dana Resources currently owns and operates seven mining
projects located in Peru's most prolific mining regions.
Peru has a strong tradition of successful mining ventures with
international participation. Barrick, Newmont, Rio Tinto and other
top tier mining companies have ongoing multi-billion-dollar
operations in Peru. Barrick's world-class Pierina Mine originally
hosted over five million ounces of gold and continues to produce up
to five hundred thousand ounces of gold annually. Dana Resources'
Collota gold deposit is in the same trend line as Pierina and early
drilling has already indicated reserves of 1.17 million ounces of
gold. IRLS MINERA is adjacent to Dana Resources' Collota Deposit
and with a deposit forty per cent smaller than what has been
identified at Collota, they have seen production of fifty thousand
ounces annually.
Dana Resources is strategically positioned within an abounding
arena of internationally recognized gold deposits and production in
Peru. To realize the full potential at Collota, Dana Resources is
formalizing plans and is set to permit the deposit for open pit
development in conjunction with additional drilling to increase the
resource base. Dana Resources proposes to initiate an aggressive
and widespread exploration program to prove up resources that would
qualify under strict 43-101 standards and facilitate project
financing and expansion.
With some of the richest mineral reserves in the world, Peru is
one of the highest producing countries of precious & base
metals in Latin America. Previously inaccessible regions are now
becoming available through modern technology and equipment, making
the high diversity of marketable minerals an extremely attractive
prospect. In total, Peru holds about 16 percent of the world's
known mineral reserves.
About Dana Resources
Dana Resources is a precious and base metals exploration company
with offices in the United States and Peru. Dana's management team
possesses local knowledge, extensive international connections, a
wealth of experience and technical expertise in mining, mining
finance, exploration and production. Dana Resources has acquired a
portfolio of gold, silver and other precious & base metal
properties located in Peru's most prolific mining regions. With
Peru growing as a producer of gold, silver and other metals on the
international market, Dana Resources is well positioned to
capitalize on the escalating global demand for commodities. The
management team and Directors are committed to creating value for
their shareholders and to the long-term success of Dana
Resources.
Forward-Looking Statements
The statements contained herein which are not historical are
forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements, including,
but not limited to, certain delays beyond the company's control
with respect to commencement of drilling operations, concentration
in mineral deposits, delays in testing and evaluation of ore
samples, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
Contact: Len De Melt Dana Resources www.danaresources.com Email
Contact
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