Dunav Resources Ltd. (TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to
present an exploration update on its 100% held Degrmen Porphyry Project located
20 km northwest of its Kiseljak copper-gold porphyry deposit in Southern Serbia.




1.  HIGHLIGHTS

--  Based on the increase in the understanding of the geology and controls
    of mineralization gained during the initial wide-spaced diamond drilling
    program at Degrmen, a short, follow up diamond drilling program was
    completed during late 2013. 
    
--  Diamond drilling has returned the following, selected, moderate to
    strong intercepts, calculated using a 0.33g/t AuEq cut-off grade (refer
    to Table 1 for a full listing of significant intersections): 
    

----------------------------------------------------------------------------
                From      To      Interval      Au      Cu      AuEq    CuEq
Hole ID          (m)     (m)           (m)   (g/t)     (%)     (g/t)     (%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DGRDD012(i)     23.0    44.0          21.0    0.30    0.09      0.45    0.28
DGRDD012(i)     51.0    79.0          28.0    0.19    0.10      0.35    0.22
DGRDD012(i)     94.0   136.0          42.0    0.36    0.17      0.64    0.39
DGRDD012(i)    142.0   173.0          31.0    0.27    0.14      0.50    0.31
DGRDD012(i)    179.0   203.1          24.1    0.36    0.13      0.56    0.35
DGRDD013(i)      3.0    41.0          38.0    0.29    0.07      0.41    0.25
DGRDD013(i)    263.0   411.0         148.0    0.62    0.18      0.92    0.57
DGRDD015        35.0   179.0         144.0    0.37    0.13      0.58    0.36
DGRDD015       275.0   390.0         115.0    0.36    0.11      0.53    0.33
----------------------------------------------------------------------------
- 0.33g/t AuEq cut-off ($1,400/oz. Au, $3.30/lb. Cu), 5m minimum composite  
length, 5m maximum internal dilution.                                       
  - AuEq = ((Au g/t(i)45.01) + (Cu%(i)72.75))/45.01                         
  - CuEq = ((Cu%(i)72.75) + (Au g/t (i)45.01))/72.75                        
  - Metal prices used are based on the 2 year trailing average of the       
  monthly gold (spot) and copper (grade A cathode) prices.                  
- Diamond drill samples are PQ, HQ or NQ half core, using a nominal 1m      
sampling basis and weigh approx. 3-6kg.                                     
- Assay method: Fire assay Au (50g); Cu by aqua regia digestion with AAS    
finish.                                                                     
- Intercept widths do not necessarily represent true width.                 
- No top cut applied.                                                       
- ((i)) Drill hole terminates in mineralization i.e. mineralization remains 
open at depth.                                                              





--  Eight diamond drill holes were completed for a total of 2,293.5m. 
    
--  The objective of the Phase 2 exploration program was to define more
    clearly the stronger gold-copper mineralization in the northern portion
    of the system, together with further defining the extents of the
    mineralized porphyry system. 
    
--  Dunav has selected two, large, representative, composite samples from
    its diamond core material from the Degrmen Porphyry Project for initial
    metallurgical characterization test work focusing on flotation. Final
    test work results are expected during Q2 2014. 
    
--  Please see the following link to view all Degrmen Porphyry Project drill
    holes located spatially in three dimensions:
    http://www.corebox.net/properties/degrmen-porphyry-project.
    

2.  GEOLOGY AND MINERALIZATION STYLE

--  The Degrmen Porphyry Project area lies within the Lece Volcanic Complex
    of southern Serbia; the second largest magmatic complex in Serbia after
    the Timok Magmatic Complex. 
    
--  The Degrmen porphyry represents a typical calc-alkaline gold-copper
    porphyry-style of deposit, with a subvertical pipe-like geometry,
    intruded into an andesitic volcanic and volcaniclastic sedimentary
    sequence. 
    
--  The mineralized porphyry system is associated with a series of
    hornblende-phyric diorite porphyry stocks and dykes. 
    
--  Gold and copper in outcrop and diamond core is associated with potassic
    alteration which is centered on the diorite porphyry stocks. Better
    grades are associated with a higher density of quartz-magnetite-
    chalcopyrite vein networks or with hydrothermal breccia together with
    the introduction of hydrothermal K-feldspar. 
    
--  A sequence of mineralized stocks has been identified. The earliest
    intrusives are higher grade. 
    
--  Intense phyllic alteration lies at higher elevation and surrounds the
    mineralized rocks. Local areas of enhanced gold but low copper are
    present within the phyllic halo close to the potassic zones. 
    
--  The Degrmen gold-copper porphyry is approximately 1,000 meters by 350
    meters, where it is exposed at surface, and has been traced to a
    vertical depth of approximately 400 meters to date. The deposit remains
    open at depth. 
    

3.  DRILLING AT DEGRMEN

--  Initial wide-spaced exploration drilling (nominal 320 meters by 160
    meters) commenced on the Degrmen target area in April 2013 and was
    completed in July 2013 (see Dunav Press Release dated August 26 2013). 
    
--  During the Phase 2 drill program a total of 2,293.5 meters of
    exploration drilling was completed in eight drill holes; diamond core
    recovery was excellent throughout. 
    
--  Refer to Table 1 for a summary of all Degrmen Phase 2 significant
    intersections at a 0.33g/t gold equivalent (AuEq) cut-off. 
    
--  Refer to Figures 1 and 2 for the location of all diamond drilling to
    date together with a representative long-section through the Degrmen
    target area. 
    
--  Access to the area is excellent, via sealed roads, together with a well-
    developed secondary road network within the project area. The rail line
    is located approximately 3 km west (down gradient) from the project
    area; reticulated power and water, similarly, pass close to the project
    area. See Figure 3 for an overview of the well-established
    infrastructure setting at Degrmen. 
    

4.  SAMPLING AND ANALYSIS



Diamond drill core has been prepared at the laboratory facility at Bor and
assayed at the SGS managed laboratory at Bor. Diamond drill samples have been
assayed for gold by 50 gram fire assay with an AAS finish whilst copper, silver
and molybdenum have been analysed using an aqua regia digest with an AAS finish.
A one metre sampling interval has been used where possible for the Degrmen
Porphyry Project diamond drilling program; all drilled diamond core is routinely
sampled and sent for assay. Half core is routinely submitted to the laboratory
for analysis. Following Dunav standard quality assurance procedures, a full
suite of field and laboratory duplicates and replicates along with
internationally accredited standards and blanks, have been submitted with each
batch of samples.


The technical information contained in this press release was prepared and
approved by Dr Julian F. H. Barnes, FAusIMM, MAIG, a special consultant to the
Company. Dr. Barnes is a 'qualified person' within the meaning of that term
under NI 43-101.


About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company
focused on the acquisition, exploration and development of mineral properties in
Serbia. Additional information about the Company is available on SEDAR at
www.sedar.com and at www.dunavresources.com. 


Dunav is well-capitalized, with approximately $7.1 million in its treasury at
March 31, 2014, which it plans to use for the exploration and development of its
mineral projects in Serbia. Dunav's issued and outstanding share capital totals
175,319,442 common shares, of which approximately 45.5% is held by Dundee
Precious Metals Inc.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.


Cautionary Statement 

This press release contains forward-looking information and readers are
cautioned that actual results may vary. In particular, this press release
contains statements concerning exploration results and geological
interpretation, metallurgical testing, and the potential of the Degrmen Porphyry
Project. These statements are subject to various risks and uncertainties,
including financial and operational. A lot of work and expenditures will be
required to determine the potential of the project. Although the Company
believes in light of the experience of its officers and directors, current
conditions and expected future developments and other factors that have been
considered appropriate that the expectations reflected in this forward-looking
information are reasonable, undue reliance should not be placed on them because
the Company can give no assurance that they will prove to be correct.
Forward-looking information depends on assumptions and other factors, all of
which may cause actual results or events to differ materially from those
anticipated in such forward-looking information. The forward-looking statements
contained in this press release are made as of the date hereof and the Company
undertakes no obligations to update publicly or revise any forward-looking
statements or information, unless so required by applicable securities laws.


Figures and a table are available at the following link:
http://media3.marketwire.com/docs/940389a_tables.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com
(TSXV:DNV)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Charts.
(TSXV:DNV)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Charts.