Dana Resources Acquires Oro Chicama Gold Project in Northern Peru
July 27 2009 - 8:41AM
Marketwired
Dana Resources (OTCBB: DANR), a US-based precious minerals
exploration company, is pleased to announce that it has
successfully acquired the Oro Chicama Gold Project in Peru. Dana
Resources currently owns and operates seven mining concessions
located in Peru's most prolific mining regions.
The Oro Chicama Gold Project covers 2471 acres in Ancash,
Northern Peru's prolific mining region. The geology in this trend
consists of volcanic sequences of andesitic spills and tuffs of the
Calipuy Group which have been proven to contain some of the world's
largest base and precious metals deposits.
The Ancash region of Peru is host to world famous silver, gold,
and copper deposits owned by global mining leaders such as Barrick,
Teck Cominco, BHP Billiton, Xstrata and Mitsubishi.
Dana Resources purchased the Oro Chicama Gold Project as its
geology and position in the trend line is similar to several world
class neighbouring mines.
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.
On behalf of the Board, Len De Melt President Dana Resources
www.danaresources.com Email Contact
Dana Resources (CE) (USOTC:DANR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Dana Resources (CE) (USOTC:DANR)
Historical Stock Chart
From Jul 2023 to Jul 2024