Dunav Resources Files Technical Report; Retains Investor Relations Firm
LONGUEUIL, QUEBEC -- (Marketwire) -- 01/11/13 -- Dunav Resources Ltd. (TSX VENTURE: DNV) (the "Company" or "Dunav") is pleased to report the filing on SEDAR of a NI 43-101 technical report supporting the initial resource estimate for the Kiseljak project area, part of its Tulare Porphyry Copper-Gold Project located in southern Serbia, as announced in a press release on November 26, 2012. The technical report was prepared by Chris Arnold, MAusIMM (CP), of AMC Consultants (UK) Limited ("AMC") and Deepak Malhotra, P. Eng, PhD (SME), of Resource Development Inc.
The Kiseljak mineral resource, prepared by AMC, an independent mining consulting firm, has been estimated at 300,500,000 tonnes grading an average of 0.27% copper and 0.26g/t gold in the inferred resource category for 1.8 billion pounds of copper and 2.5 million ounces of gold, using a 0.25% copper equivalent cut-off grade. The copper and gold prices used in this estimate are $3.60/lb and US$1,500/oz, respectively.
The technical report is available on SEDAR (www.sedar.com) and will be available on the website of Dunav (www.dunavresources.com).
Dr Julian F. H. Barnes, a qualified person under NI 43-101, a director and the Company's special consultant, has reviewed the technical data in this press release.
Investor Relations
Dunav is also pleased to announce that, subject to TSX Venture Exchange approval, it has retained Profinnotiv AG ("Profinnotiv") to develop a European investor and public relations strategy for the Company. Based in Switzerland, Profinnotiv has extensive relationships with European institutional and retail investors and significant experience working with Canadian-based natural resource issuers. The contract with Profinnotiv is for a 12 month period and provides for total fees to Profinnotiv of C$204,000 payable in quarterly instalments for services to Dunav including investor communications and relationship management within the European investment community.
About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Serbia. Additional information about the Company is available on SEDAR at www.sedar.com and at www.dunavresources.com.
Cautionary Statement
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information is based on reasonable assumptions that have been made by Dunav as at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Forward looking information in this news release includes information with respect to the Kiseljak mineral resource estimate. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as indicated or measured mineral resources.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com