Dana Resources Acquires Additional Base Metals Project
July 22 2009 - 8:00AM
Marketwired
Dana Resources (OTCBB: DANR), a US-based precious and base metals
exploration company with advanced stage gold properties in Peru, is
pleased to announce the acquisition of an exploration phase
copper-lead-zinc project.
The Locroja copper-lead-zinc project is a copper porphyry
prospect covering 494 acres. The project is located in Southern
Peru in the region of Huancavelica in the province of Huaytara and
is easily accessible via the Pan American South Highway. The
geology consists of volcanic and intrusive rocks which present a
polymetallic occurrence of silver, lead and zinc.
The Locroja project is surrounded by properties and mines owned
by Minas Buenaventura, Minera Misky Mayo (Brazilian miner CVRD's
exploration entity in Peru), Teck Cominco and Barrick.
Mr. Moises Rosales, Chairman of Dana Resources, stated: "We are
excited to announce the additon of the Locroja copper-lead-zinc
project to our portfolio of precious and base metals projects in
Peru. Locroja is situated in a prolific mining district populated
with top international mining companies."
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. 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.
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 Dana Resources control
with respect to the 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 Dana
Resources' filings with the Securities and Exchange Commission.
Mosies Rosales Chairman Dana Resources www.danaresources.com
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