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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 - Jan 27, 2014) - Dunav Resources Ltd. (TSX-VENTURE:DNV) (the "Company" or "Dunav") is pleased to present an exploration update on its 100%-held Tulare Porphyry Project located in Southern Serbia.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) |
YCDD031 | 228.0 | 397.0 | 169.0 | 0.31 | 0.28 | 0.77 | 0.47 |
YCDD031 | 404.0 | 494.0 | 90.0 | 0.16 | 0.16 | 0.42 | 0.26 |
YCDD033* | 55.0 | 87.0 | 32.0 | 0.25 | 0.12 | 0.44 | 0.27 |
YCDD033* | 93.0 | 373.1 | 280.1 | 0.29 | 0.21 | 0.63 | 0.39 |
YCDD039* | 144.0 | 187.7 | 43.7 | 0.20 | 0.21 | 0.53 | 0.33 |
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Cu (%) | AuEq (g/t) | CuEq (%) |
KIDD075* | 107.0 | 162.0 | 55.0 | 0.23 | 0.18 | 0.52 | 0.32 |
KIDD076 | 26.0 | 34.0 | 8.0 | 0.42 | 0.12 | 0.62 | 0.38 |
KIDD076 | 42.0 | 139.0 | 97.0 | 0.19 | 0.14 | 0.42 | 0.26 |
KIDD077 | 41.0 | 181.0 | 140.0 | 0.19 | 0.27 | 0.63 | 0.39 |
KIDD077 | 212.0 | 284.0 | 72.0 | 0.24 | 0.20 | 0.56 | 0.35 |
Yellow Creek:
Kiseljak Extension:
Diamond drill core has been prepared at the SGS managed laboratory facility at Bor and assayed at the SGS managed laboratory at Bor. Trench and diamond drill samples have been assayed for gold by 50 gram fire assay with an AAS finish whilst copper, silver, lead, zinc and molybdenum have been analysed using an aqua regia digest with either an AAS or ICPMS finish. A one metre sampling interval has been used where possible for the Tulare Copper-Gold Porphyry Project diamond drilling program. Half core is routinely submitted to the laboratory for analysis. Reverse circulation drill samples have been prepared at the laboratory facility at Bor and assayed at the laboratory at Bor. A one meter sampling interval has been used for the Tulare Project reverse circulation drilling program. 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. At the SGS managed assay facility in Bor, analysis of drill or trench samples for gold is routinely carried out using a 50g fire assay charge with an AAS finish. Silver, lead, zinc and copper are analyzed using an aqua regia digest (0.3g charge) followed by either an AAS or ICP-MS finish. Sulfur is analyzed using an Eltra combustion furnace (0.2g charge).
Dr Julian F. H. Barnes, a qualified person under NI 43-101, the Company's Special Consultant, has approved the preparation of the technical data in this press release.
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Serbia. The Tulare Copper-Gold Porphyry Project is located in southern Serbia, approximately 230 km from Belgrade and 70 km from the regional centre of Nis. Access to the project is excellent via sealed roads. Additional information about the Company is available on SEDAR at www.sedar.com and at www.dunavresources.com.
Dunav had approximately $9.5 million in its treasury at September 30, 2013. 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.
Figures 1 to 3 and Tables 1 and 2 are available at the following address: http://media3.marketwire.com/docs/924063e.pdf
Cautionary Statement
This press release contains forward-looking information. In particular, this press release contains statements concerning the completion of a private placement offering, exploration results and geological interpretation, planned exploration programs, planned metallurgical test work and other preliminary assessment and studies, and the geological and economic potential of the Tulare Porphyry 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 is subject to known and unknown risks and uncertainties, and 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. Specifically, the Company's planned exploration and development programs depend on the ability of the Company to obtain additional financing and such plans may be delayed. 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, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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.
Dunav Resources Ltd.James Crombie, President and Chief Executive Officer+1.450.640.0810info@dunavresources.comwww.dunavresources.com
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