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SOURCE DNA Precious Metals Inc.
MONTREAL, Quebec, October 18, 2013 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OCTQB: DNAP) is pleased to announce that it has submitted a Restoration Plan with the Quebec Ministry of Natural Resources located in Canada. More specifically, the Restoration Plan deposited with the Quebec Ministry of Natural Resources targets the restoration of the mining residues identified as Anacon 1 covering an area of approximately 7 hectares on the Montauban Mine Property located in the Montauban and Chavigny townships near Grondines-West in the Portneuf County, Quebec, Canada. DNA Precious Metals Inc. presently has mining rights on the Monatuban Mine Property covering an area of approximately 340 hectares.
The submission of the restoration plan to the Ministry of Natural Resources will take DNA Precious Metals Inc. one step closer to processing the Anacon 1 mining residues, on which a National Instrument 43-101 resource estimate published by Yves Gagnon Engineer, Geologist indicated a measured resource of approximately 428 252 tons. The National Instrument 43-101 further indicates the actual market value of the Anacon 1 mining residues insitu is of at least 32 million dollars with the potential of increasing this value with the mica.
Ronald Mann, President and CEO stated; "The submission of the Montauban Mining Restoration Plan marks a very important milestone for DNA Precious Metals Inc. as the Company prepares itself to go into production. Our investment and collaboration with the Quebec Government will facilitate that our project is on track to meet its deadline of having the mine fully commissioned by the Spring of 2014. I would like to send my deepest appreciation to the Quebec Ministry of Natural Resources and to everyone on our team and who have all worked so hard in maintaining our objectives."
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 http://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 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.
Ronald Mann, CEO
DNA Precious Metals Inc.
INVESTOR RELATIONS COORINATOR
Stuart T. Smith, CEO
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