IRVING, TX–(Marketwired – Dec 9, 2016) – DynaResource, Inc. ( OTCQB : DYNR ) ("DynaUSA", and "the Company") is pleased to announce that Mineras de DynaResource S.A. de C.V. ("DynaMineras"), the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in the County of Sinaloa de Leyva, State of Sinaloa, México ("SJG"), is reporting the delivery for sale, on December 6, 2016, of an approximate 600 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
DynaMineras reports November, 2016 production of an approximate total of 1,460 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). DynaMineras further reports the below summary of the pilot mill operations conducted during November, with assays reported in accordance with internal lab reports:
1) 5,075 Tons: Feed material processed;
2) 11.38 g/t Au: Average grade of mill feed;
3) 1,460 Oz Gold: Gold concentrates produced (exact weights in gold and silver Oz to be determined at final settlement of sale);
DynaMineras further reports contract mining at San Pablo mine, and test mill runs of the pilot mill facility at SJG are continuing, with an average volume output from the pilot mill facility in November of approximately 182.33 tonnes per 24 hours of operation.
DynaMineras – Mine Plan and Mill Operations (Pilot Operations)
DynaMineras is conducting operations at SJG according to internally developed mine plans for San Pablo Mine (compiled by Company VP – Director of Exploration and Resource Development, Pedro I. Teran Cruz, using Surpac software), and through the internally designed SJG Pilot Mill facility (consisting of a basic gravity-flotation circuit) which was previously operated by DynaUSA during the 2003-2006 period. There is no preliminary economic assessment report completed for SJG so the precise cutoff grade for underground mining has not yet been determined. The operations are being funded internally by DynaMineras and DynaUSA, and from revenues generated from the test mining and pilot mill operations. The mine plan was developed from the block model of resources as defined in the DynaMéxico NI 43-101 Mineral Resource Estimate which was included in the DynaMéxico NI 43-101 Technical Report and filed by the Company with SEDAR; and from the analysis of underground mining works conducted in 2003-2006.
SJG Ownership
DynaResource de México SA de CV ("DynaMéxico") owns 100% of the SJG Project. DynaUSA currently holds 80% of the total outstanding Capital of DynaMéxico. DynaUSA currently holds 100% of DynaMineras.
General Manager appointed at San Jose de Gràcia Project
On February 4, 2016 DynaUSA announced the appointment of Mr. Rene L.F. Mladosich as General Manager of the San Jose de Gràcia Project, effective February 1, 2016. (See DynaResource, Inc. news release dated February 4, 2016).
On behalf of the Board of Directors,
K.D. DIEPHOLZ;
DynaResource, Inc.; Chairman and CEO
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS
The Company is an "OTC Reporting Issuer" as that term is defined in Multilateral Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by various Canadian Provincial Securities Commissions.
Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC and not subject to Canadian securities legislation. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred mineral resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, although they may form, in certain circumstances, the basis of a "preliminary economic assessment" as that term is defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. U.S. investors are cautioned not to assume that part or all of an inferred mineral resource exists, or is economically or legally mineable.
Original Article: http://sports.yahoo.com/news/dynaresource-inc-reports-november-2016-130000219.html
