DNA Precious Metals Montauban Mill Electrical Installation
MONTREAL, November 26, 2013 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB:DNAP) is pleased to announce that the Company has begun the installation of all electrical work within the 16,000 square foot processing mill facility located on the Montauban Mine Property in Notre-Dame-de-Montauban, Quebec, Canada. The electrical installation work is required to complete the residue ore processing circuit and install/commission the processing and extraction equipment.
The process mining circuit that is being installed will have the capacity to process 1000 metric tons of mineralized material daily. The mining circuit design consists of a gravity separation circuit and a cyanide closed circuit. The processing facility is anticipated to commence production beginning summer 2014. Once completed, the Montauban Mine processing facility will recover gold, silver and mica.
The processing mill facility rests on approximately three hectares adjacent to the Anacon1 mining residues on the Montauban Mine Property. DNA Precious Metals Inc. has completed all access gravel roads to the mill. In addition, the Company has also completed all infrastructural main power sources spanning 1.2km of aerial electrical lines including the installation of a substation tri-phase transformer of 2500 Amps located outside the mill building facility. Mill costs expended to date are $1.5M of the $7.5 M (approximate) total allocation for the mill building infrastructure and equipment.
"This is an exciting juncture for the Company. Electric functionality is a key step in the critical path to production target of Q2, 2014. Electrical power brings us one step closer to achieving our company goal of gold and silver production," commented Ronald Mann, President and Chief Executive Officer of DNA Precious Metals.
About DNA Precious Metals, Inc.
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 www.DNAPreciousMetals.com.
On behalf of the Board
Ronald K. Mann, 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 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.
INVESTOR RELATIONS COORINATOR
Stuart T. Smith, CEO
Tel : +1-(512)-267-2430
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SOURCE DNA Precious Metals Inc.