Dana Resources Acquires the Property “Infiernillo“
15 April 2009 - 2:51PM
Business Wire
(OTCBB: DANR) Dana Resources, a US-based precious and base
metals exploration company with advanced stage gold properties in
Peru, is pleased to announce that they have acquired a 100%
interest in the claim known as the Infiernillo Project, in
Peru.
The Infiernillo project covers over 9,000 acres in Southern Peru
and is located in the same mineralized belt as Xstrata�s �Las
Bambas� (508 million tons at a grade of 1.14% copper) and �Tintaya�
(58 million tons of 1.78% sulfide copper ore) mines.
The Infiernillo project has a 20 by 30 meter skarn outcropping
containing gold values. Two magnetite bodies have been
discovered:
Orebody A: 100m long by 50m
wideOrebody B: 230m long by 70m wide
Mr. Len De Melt has stated that the Infiernillo project �has the
capacity for both a large copper discovery and an even larger gold
deposit�. Mr. De Melt further states �Dana Resources is currently
negotiating new acquisitions that have become available due to the
current global economic crisis. Dana Resources has a dominant
advantage due to its large presence in Peru�.
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 per cent 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.
Dana Resources (CE) (USOTC:DANR)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Dana Resources (CE) (USOTC:DANR)
Historical Stock Chart
Von Jan 2024 bis Jan 2025