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TORONTO, ONTARIO -- (MARKET WIRE) -- 02/19/07 -- Dhanoa Minerals Ltd. (OTCBB: DHNA) (FRANKFURT: D7Z) is pleased to announce the successful visit of Paul Roberts President of Dhanoa and mining engineer Tim Mann in Ecuador.
Dhanoa's engineering team, heading up by Tim Mann has recently returned from visiting the three mine sites of Dhanoa plus the open pit area to establish a program for extraction, milling, processing and refining of the mineral deposits in the Grupo Bonanza Mine package.
"Mr. Mann's vast experience, knowledge and skills will be invaluable to Dhanoa as we expand production at our mine sites." said President Paul Roberts.
The team has assessed various operating scenarios and is very pleased with the results of the visit and the plans that have been set forth to expand production and to ensure the company's business plans commence in the most efficient and economically advantageous method.
Tim Mann has extensive experience operating several major plants in Canada, Europe and South America over the last 20 years. Mr. Mann was the previous Director and Vice President of operations for Goldcorp Inc. at a time when it was an intermediary company. He was involved in lowering the operating costs and expanding production where economically viable and ensured environmental compliance. Mr. Mann was also a General Manager within Placer Dome that reported directly to Placer Dome's President. He was involved with and responsible for the Musselwhite feasibility study, Campbell mine and the Detour Lake mine, all of these being significant projects within Placer Dome. In regards to the Musselwhite feasibility study, he assessed various operating scenarios as diamond drilling exploration proceeded to determine the most viable and economic mine planning option. He was also responsible for increasing gold production by 27% and lowering operating costs at the Campbell mine, and managed to keep a union free environment during a major downsizing.
Mr. Robert states, "I am very excited about Tim's preliminary assessment of the mine, and feel very encouraged after our visit there. The plan that was set out by 'Dhanoa' is on track and we look forward to this upcoming year to move the project forward."
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
Forward Looking Statements
Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.
This news release is not intended for Canadian Investors.