DNA Precious Metals Inc. Announces Acquisition of the St. Anne Mining Claims Located on the Montauban Mine Property in Quebec, Canada
MONTREAL, March 4, 2014 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB: DNAP), is pleased to announce that it has acquired an undivided one hundred percent (100%) interest of the St. Anne Mining Claims located in Notre-Dame-de-Montauban, Quebec, Canada. The 50 contiguous claims ("Mineral Claims") totalize an approximate surface of 1164 hectares. These 50 mining claims are contiguous to DNA's mining claims covering an area of approximately 340 hectares on the Montauban Mine Property, and are described as St. Anne Claims in the Property Map on the DNA Website http://www.dnapreciousmetals.com/maps.
DNA Precious Metals Inc. has fulfilled its contractual obligations under the Asset Purchase Agreement and paid for the benefit of the Vendors cash and common shares of DNA Precious Metals Inc., representing a value of approximately $400,000 as of the date of this Release.
The acquired mining assets, described as the St. Anne Claims on the Property Map http://www.dnapreciousmetals.com/maps, are fundamental to the Company's current 100% claimed Montauban Mine Property mining claims. This acquisition solidifies DNA Precious Metal's Montauban Mine Property bundle, while expanding exploration and mining potential. Reported historical past production from the Montauban Mine Property includes 150,000 ounces of gold, and 7,000,000 ounces of silver as well as 109,000 metric tons of zinc and 37,000 metric tons of lead.
"This acquisition is in line with the Company's objective of low capital cost production targets while positioning the Company for continued growth with the Montauban Mine Project. Procuring these claims will significantly increase the Company's long-term exploration program and enhance the value of these prospective claims," said Tony Giuliano, Chief Executive Officer of DNA Precious Metals Inc.
Newly Acquired Mineral Claims
The newly acquired Minerals Claims include a shaft, extensive underground workings and includes the south strike area of the Montauban mineralized near surface ore belt identified in the 2010 Resource Evaluation Report by mining Engineer Jacques Marchand. In addition, of the many significant highlights of the acquired property they include the Marcor near surface mineralized ore and the St. Thomas showings located approximately 5km south from the south zone strike identified on the Property Map. http://www.dnapreciousmetals.com/maps
About DNA Precious Metals, Inc. (OTC: DNAP)
DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to http://www.DNAPreciousMetals.com.
On behalf of the Board
Tony Giuliano, CEO
Forward Looking Disclaimer
This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.
SOURCE DNA Precious Metals Inc.