DPM Announces Receipt of Commercial Discovery Certificate for Krumovgrad Gold Project, Bulgaria
September 08 2009 - 12:26PM
Marketwired
Dundee Precious Metals Inc. ("DPM" or the "Company") (TSX:
DPM)(TSX: DPM.WT)(TSX: DPM.WT.A) announced that the Bulgarian
Ministry of Environment and Waters has today issued a Commercial
Discovery Certificate for the Krumovgrad gold deposit (the
"Certificate") to its Bulgarian subsidiary, Balkan Mineral and
Mining EAD.
"The receipt of the Commercial Discovery Certificate represents
an important step in advancing our Krumovgrad project. With our EIA
process restarted, the Certificate is the final requirement for
conversion of the property to a mining concession, the application
for which has already been filed with the government," said
Jonathan Goodman, President and CEO of DPM. "We are encouraged by
the new government's action in resolving this long outstanding
issue and hope this paves the way to address the balance of permits
required to bring our Krumovgrad project into operation."
The Certificate follows the Geological Discovery Certificate for
gold-bearing mineral resources within the Krumovgrad License,
issued in 2001, and is a prerequisite towards obtaining a mining
concession.
Dundee Precious Metals Inc. is a Canadian based, international
mining company engaged in the acquisition, exploration, development
and mining of precious metals. DPM owns the Chelopech Mine, a
producing gold/copper mine, and the Krumovgrad Gold Project, a
mining development project, both located in Bulgaria, as well as a
95% interest in the Kapan Mine in Armenia. In addition, it is
engaged in mineral exploration activities in Serbia.
FORWARD-LOOKING STATEMENTS
This news release may contain certain information that
constitutes forward-looking statements. Forward-looking statements
are frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made,
and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the inherent risks involved in the
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices and other factors
described above and in the Company's most recent annual information
form under the heading "Risk Factors" which has been filed
electronically by means of the Canadian Securities Administrators'
website located at www.sedar.com. The Company disclaims any
obligation to update or revise any forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on
forward-looking statements.
Contacts: Dundee Precious Metals Inc. Jonathan Goodman President
and Chief Executive Officer (416) 365-2408
jgoodman@dundeeprecious.com Dundee Precious Metals Inc. Lori Beak
Vice President, Investor Relations & Corporate Secretary (416)
365-5165 lbeak@dundeeprecious.com
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