Feb 8 2016
DynaResource, Inc. ("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 northern Sinaloa, México ("SJG"), is reporting the delivery for sale on February 5, 2016, of an approximate 400 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
DynaMineras further reports that the Pilot Mill Facility at SJG produced an approximate total of 740 Oz gold contained in concentrates in 25 days of pilot milling operations in January 2016 (exact weights in gold and silver oz. to be determined at final settlement). DynaMineras further reports the below summary of January 2016 operations (test underground mining and pilot mill processing) at SJG, with assays reported according to internal lab reports:
a) 3,165 tons mined at San Pablo, including 285 tons of waste material;
b) 2,880 mineralized tons mined at San Pablo;
c) 11.89 g/t Au; average grade of mined mineralized tonnage;
d) 2,521 tons feed material processed;
e) 11.3 g/t Au; average grade of mill feed;
f) 740 Oz gold produced (exact weights in gold and silver oz. to be determined at final sale);
g) 967 tons at 14.62 g/t Au (Inventory of high grade mined tonnage in stockpile at San Pablo; previous mined tonnage inventory plus additional tonnage mined in January);
h) 360 tons at 16.14 g/t Au (Inventory of high grade mined tonnage in stockpile at Plant; previous mined tonnage inventory plus additional tonnage mined in January);
DynaMineras further reports that the contract mining at San Pablo mine, and test mill runs of the pilot mill facility at SJG are continuing.
DynaMineras - Mine Plan and Mill Operations (Pilot Operations)
DynaMineras is conducting operations at SJG according to internally developed mine plans for San Pablo (compiled by 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. The mine plan was developed from the block model of resources as defined in the DynaMéxico NI 43-101 Mineral Resource Estimate; 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, and, 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
Source: http://www.dynaresource.com/