|By PR Newswire||
|February 6, 2014 08:15 AM EST||
MONTREAL, Quebec, February 6, 2014 /PRNewswire/ --
DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB: DNAP) is pleased to announce that it has answered all comments to date from the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks pertaining to an application for an amendment to a certificate of authorization to operate a milling facility. The amendment request to the existing certificate of authorization is to include an additional extraction process methodology.
In September of 2012, DNA was issued a certificate of authorization from the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks authorizing the Company to process mining residues by gravity separation methodology. The amendment request filed in the Summer of 2013 includes the processing of the mining residues through a Merrill Crowe cyanide closed circuit system.
Extensive laboratory testing work on an extraction process for the mining residues on the Montauban Mine Property demonstrated that a combination of gravity separation and closed circuit cyanization was the most effective process for the successful recovery of the precious metals. The combined extraction methodology increased the recovery percentages of gold and silver in the mining residues. With the implementation of the combined extraction methodology process, DNA may recover up to 92% of the gold and 77% of the silver from the mining residues on the Montauban Mine Property.
The amendment request to the certificate of authorization deposited with the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks targets the processing 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 Montauban Mine Property covering an area of approximately 420 hectares.
If, as and when issued, the remittance of the amendment to the certificate of authorization permit from the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks 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.
Ronald Mann, President and CEO stated; "If as and when issued, the amended Certificate of Authorization permit is another milestone for DNA Precious Metals Inc. in the march to production. Our investment and collaboration with the Quebec Government will facilitate that our project is on track, subject to production financing, to meet its target of having the mine fully commissioned by the summer of 2014. I would like to send my deepest appreciation to the Quebec Ministry of Sustainable Development, Environment, Wildlife and Parks and to everyone on our team and who have all worked so hard in achieving 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.
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SOURCE DNA Precious Metals Inc.