Dana Resources Sees Positive Reception on Chota Silver Mine
March 17 2010 - 2:02PM
Marketwired
Dana Resources (OTCBB: DANR) (FRANKFURT: OD0), a US based precious
metals exploration and development company, wishes to update its
shareholders regarding the activity that has been generated since
announcing their acquisition of the Chota Silver Mine.
Dana Resources is very optimistic with its latest acquisition,
having been approached by several of the local landowners
neighbouring the Chota Mine to process ore from their respective
properties and to potentially sell their projects to Dana
Resources.
Dana Resources has also been approached by several financiers
interested in capitalizing the company to acquire additional
projects in the area and to expedite infrastructure development.
"We are very excited with the progress and opportunity in the
district of Agallpampa. The area is rich in base and precious
metals as evidenced by Barrick Gold Corp's Lagunas Norte, 25 km
east of the property with a reserve of 8.9 million ounces of gold.
Our acquisition program has attracted a positive reception from the
community, financiers and our shareholders," commented Mr. Benjamin
Nunez, General Manager of Dana Resources in Peru.
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 Dana Resources www.danaresources.com
info@danaresources.com
Len De Melt Dana Resources www.danaresources.com Email
Contact
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