Dunav Resources Provides an Exploration Update on the Tulare Copper-Gold Porphyry Project, Serbia
(firmenpresse) - LONGUEUIL, QUEBEC -- (Marketwire) -- 02/25/13 -- 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.
Yellow Creek:
Calovica vis South:
Kiseljak Extension:
Trlica:
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.
Further detail can be found in the Tulare Project technical report filed on SEDAR under the profile for Dunav Resources Ltd. (January 11, 2013).
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.
Dunav had approximately $0.7 million in its treasury at January 31, 2013 and its issued and outstanding share capital totals 119,242,942 common shares, of which approximately 47.3% is held by Dundee Precious Metals Inc. On February 12, 2013, Dunav announced that it has entered into an agreement with Dundee Securities Ltd., on behalf of a syndicate of agents, under which they have agreed to offer for sale, on a best efforts private placement basis, 50,000,000 units of Dunav at a price of $0.30 per unit for gross proceeds of up to $15,000,000. The closing of the offering is scheduled on or about March 6, 2013. There is no assurance that the offering will be completed in the amount or timing expected. Dunav's plans and objectives for 2013 are subject to completion of the private placement offering.
Additional information about the Company is available on SEDAR at and at .
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.
To view Figures 1 to 2 please click to the following link:
To view Table 1 please click to the following link:
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: 25.02.2013 - 14:01 Uhr
Sprache: Deutsch
News-ID 232847
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contact information:
Town:
LONGUEUIL, QUEBEC
Kategorie:
Mining & Metals
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