Dhanoa Minerals Signs L.O.I. to Acquire Mining Claims in California Porphyry Copper Project
RENO, Nev., Feb. 14, 2012 /PRNewswire/ -- Dhanoa Minerals, Ltd.
(Kurzel: D7Z) , announced the signing of a Letter Of Intent (LOI) to purchase 65 mining claims that cover a copper project located in San Bernadino County, California. The area is known as the 'TurquoiseMountain/ Solomon's Knob Project.' A formal agreement stating all of the LOI terms and conditions is being drafted and will be executed by April 30, 2012.Dhanoa has commenced examining and collating the data generated by several major copper exploration companies since the mid-1950s. This work, including two separate Induced Polarization (IP) programs and several drilling campaigns between 1955 and 1971, indicates three major zones of mineralization over the 10-mile long, East-West porphyry structure.
Dhanoa's Consulting Geologist is collecting copies of this comprehensive data from the archives of the previous explorers and is planning the Company's activity on the project with a goal towards establishing mineable reserves to start early production. CEO Russell Smith said, 'Earlier exploration programs included some drilling that indicate substantial amounts of continuing copper occurrence, such as an intercept of 90 feet with .23% copper and another intercept of 170 feet with .13% copper.' He added, 'Some fresh IP lines utilizing modern software interpretations will assist this program to narrow the focus of future work to the areas that are most prospective and closest to the surface.'
SafeHarborStatement
This information may contain forward-looking statements and involve risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Dhanoa's ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Dhanoa is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.
Company Contact Information
Mr. Henry Manayan, Esq., Chief Operating Officer
Dhanoa Minerals, Ltd.
429 West Plumb Lane,
Reno, Nevada 89509
Telephone: 1.408.656.0143
http://www.dhanoaminerals.com/
Dhanoa Minerals, Ltd.
Web site: http://www.dhanoaminerals.com/