Dunav Resources Discovers the Yellow Creek Copper-Gold Porphyry: YCDD008 Intersects 380m @ 0.48g/t Au, 0.37% Cu (from 20m) and 241m @ 0.36g/t Au, 0.37% Cu (from 426m) on the Tulare Project
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwire) -- 04/10/12 -- 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, including drill results from the Yellow Creek and Kiseljak copper-gold porphyry target areas.
"Late last year we drilled a hole (YCDD005) that we felt, showed the tremendous potential of the Yellow Creek target area to host an additional copper-gold porphyry center. This follow-up drill hole has clearly demonstrated that belief," said James Crombie, President and CEO of Dunav. "We are currently in the final stages of completing the nearby Kiseljak copper-gold porphyry resource definition drilling program, following which all four diamond drill rigs will be relocated to Yellow Creek to support the two diamond drill rigs which are currently establishing the potential size and footprint of the newly discovered Yellow Creek copper-gold porphyry-style mineralization. In addition, the first deep drill hole completed into Kiseljak clearly indicates that the system extends to, and remains open, at depth."
The majority of soil samples have been assayed at the ALS Chemex laboratory, Perth, Australia. More recent soil sampling programs have been assayed at the SGS managed laboratory at Chelopech in Bulgaria using a combination of ICP-OES and ICP-MS, whereas gold has been assayed by low level detection fire assay method (50 gram sample charge) with an AAS finish. Trench samples were prepared at the laboratory facility at SGS Bor and the samples have been assayed at the SGS managed laboratory at Chelopech in Bulgaria or the SGS managed laboratory facility at Bor. Diamond drill core has been prepared at the laboratory facility at Bor and assayed at either the SGS managed laboratory at Chelopech in Bulgaria or 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 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 Tulare Porphyry Project diamond drilling program. 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.
Trench sampling was carried out as channels in the wall just above the trench floor on 2 meter intervals. Except where extensive soil cover is encountered, trenches were sampled in their entirety. The samples were routinely weighed prior to final bagging to maintain an even sample size and to avoid sampling bias in harder rock types. An average channel sample weight was maintained at 3 kilograms per meter, which produces a consistent sample weight approximating half HQ core samples. Field duplicate samples were taken every 20 samples and known standards were inserted into the sample stream after every 20th sample. A geological and structural log was completed as for diamond drilling. All data collected in the field was routinely entered into geology and structural geology spread sheets using Field Marshal software for subsequent entry to an acQuire database and validation.
Dr Julian F. H. Barnes, a qualified person under NI 43-101, the Company's Special Consultant, has supervised the preparation of the technical data in this press release.
Previously released data refers to data included in the "Tulare Project, Serbia National Instrument 43-101 Technical Report" by Paul Mazzoni dated November 22, 2010 (the "Technical Report"), filed on SEDAR at . Further information in respect of results, investigations, interpretations, quality assurance and quality control measures, along with geology, mineralogy, sampling, and analytical procedures is included in the Technical Report.
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company focussed on the acquisition, exploration and development of mineral properties in Serbia. Additional information about the Company is available on SEDAR at and at .
Dunav is well-capitalized, with approximately $7.5 million in its treasury at March 31, 2012, which it plans to use for the exploration and development of its mineral projects in Serbia. Dunav's issued and outstanding share capital totals 104,017,749 common shares, of which approximately 45.4% is held by Dundee Precious Metals Inc.
Cautionary Statement
This press release contains forward-looking information. In particular, this press release contains statements concerning exploration results and geological interpretation, planned exploration programs, completion of a resource estimate and preliminary economic assessment, 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. 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.
Maps and tables are available at the following address:
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.
Contacts:
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
+1.450.640.0810
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Datum: 10.04.2012 - 11:50 Uhr
Sprache: Deutsch
News-ID 133200
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Mining & Metals
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"Dunav Resources Discovers the Yellow Creek Copper-Gold Porphyry: YCDD008 Intersects 380m @ 0.48g/t Au, 0.37% Cu (from 20m) and 241m @ 0.36g/t Au, 0.37% Cu (from 426m) on the Tulare Project"
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