Wednesday, November 06, 2013

Mining Stock Alert: DNA Precious Metals, Inc. (OCTQB: DNAP) Acquires the Complete Geological Data Resource on the Historic Montauban Mine

MONTREAL - November 6, 2013 (Investorideas.com Mining stocks newswire) DNA Precious Metals, Inc. (DNAP) announces that the Company has closed an agreement to acquire the complete geological data resource on the Montauban Mine, in addition to its October 22, 2013 press released "Binding Agreement to acquire an undivided one hundred percent (100%) interest for all of the Montauban Mine Property located in Notre-Dame-de-Montauban, Quebec, Canada".

The geological data, dating from the start of production in 1914 to the last exploration in 2011, consists of over 1000 reports, drill logs, geological maps of near surface deposits, maps of underground mine workings, digital files and a Gemcom modeling of the mine. The acquisition fast tracks the timeline on Montauban and enables DNA to immediately commence a NI 43-101 compliant report on the Montauban Mine, which currently has a non compliant historic near surface resource of over 1M tons of 3.4 g/t Au and approximately 1 ounce per ton silver as well as significant underground potential from this past producer.
"We are excited about the acquisition of the data resource assets due to the potential of the historical mineral resources. Over 1Mt of resource have been identified with historical drilling on the Montaban Mine project, which given its location, geology and metallurgy, could generate value for our shareholders," commented Ronald Mann, President and Chief Executive Officer of DNA Precious Metals. "These assets came to the attention of DNA through our research as we continue to focus on the development of our flagship Montauban Mine Project in Quebec, Canada and as we target updating our current resource estimate to define a mineable resource to bring into production."
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to   www.DNAPreciousMetals.com .
On behalf of the Board
Ronald K. Mann, CEO
Forward Looking Disclaimer
This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
ronald.mann1@dnapreciousmetals.com
Twitter: www.twitter/dnametals
Facebook: www.facebook.com/dnametals
INVESTOR RELATIONS
Stuart T. Smith, CEO
SmallCapVoice.Com, Inc.
ssmith@smallcapvoice.com
Tel: +1-(512)-267-2430
Skype: SmallCapVoice.com
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. Investorideas is compensated by DNAP for news and content publication and syndication ( October 2013 - five thousand for one month of news distribution on Investor ideas news wire ) More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

No comments:

Mining stocks news alerts