Duncan Park Updates Status of Exploration
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/29/11 -- Duncan Park Holdings Corporation (TSX VENTURE: DPH) announced today that the Company's summer drilling program, announced on August 3, 2011, is progressing better than expected and is scheduled to be completed in early October, 2011.
The program was initially planned to encompass nine holes on land-based claims, three on the Dome property and six on the McManus property. However, due substantially to the speed and efficiency of the drillers, Chibougamau Diamond Drilling QC of Chibougamau, Quebec, coming in well below budget, the program was expanded to fifteen holes, five on the Dome property and ten on the McManus property.
The Company does not expect to have the results of all of the assays and geo-chem details before the end of October, 2011, and, after suitable analysis, will publish the results and future drilling plans.
In general terms, subject to raising additional flow-through funding, the Company currently anticipates that its future drilling plan will be to continue drilling the land claims this winter, and the lake claims at the confluence of the Madsen-Goldcorp (NE) Trend and the Chukuni River (WNW) Trend on the Dome property when ice conditions are suitable.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Duncan Park's proposed exploration plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Duncan Park to be materially different from those expressed or implied by such forward-looking information, including risks related to exploration, development and mining industry such as economic factors, future commodity prices, market conditions, changes in foreign exchange and interest rates, government regulation, access to capital, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with exploration and development activities, availability of skilled labour and equipment, the speculative nature of gold exploration and development, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Duncan Park's management's discussion and analysis for the period ended May 31, 2011, available on . Although Duncan Park has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information. Duncan Park does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
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Datum: 29.09.2011 - 21:07 Uhr
Sprache: Deutsch
News-ID 71159
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Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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