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Share Name | Share Symbol | Market | Type |
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TSXV:DNV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
LONGUEUIL, QUEBEC--(Marketwired - Apr 17, 2014) - 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.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) |
DGRDD012* | 23.0 | 44.0 | 21.0 | 0.30 | 0.09 | 0.45 | 0.28 |
DGRDD012* | 51.0 | 79.0 | 28.0 | 0.19 | 0.10 | 0.35 | 0.22 |
DGRDD012* | 94.0 | 136.0 | 42.0 | 0.36 | 0.17 | 0.64 | 0.39 |
DGRDD012* | 142.0 | 173.0 | 31.0 | 0.27 | 0.14 | 0.50 | 0.31 |
DGRDD012* | 179.0 | 203.1 | 24.1 | 0.36 | 0.13 | 0.56 | 0.35 |
DGRDD013* | 3.0 | 41.0 | 38.0 | 0.29 | 0.07 | 0.41 | 0.25 |
DGRDD013* | 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*45.01) + (Cu%*72.75))/45.01 | |
- CuEq = ((Cu%*72.75) + (Au g/t *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 ~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. | |
- (*) Drill hole terminates in mineralization i.e. mineralization remains open at depth. |
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
Dunav Resources Ltd.James CrombiePresident and Chief Executive Officer+1.450.640.0810info@dunavresources.comwww.dunavresources.com
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