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 August 10, 2016, of an approximate 525 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).
DynaMineras further reports July 2016 production of an approximate total of 1,390 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). DynaMineras reports the below summary of the pilot mill operations conducted during June, with assays reported according to internal lab reports:
1) 4,605 Tons: Feed material processed;
2) 12.75 g/t Au: Average grade of mill feed;
3) 1,390 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 July of approximately 164.5 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.
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,
DynaResource, Inc.; Chairman and CEO