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DNAP after hour News$ DNA Precious Metals Inc Acquires the Complete Geological Data Resource on the Historic Montauban Mine


2013-11-05 16:05 ET - News Release


MONTREAL, November 5, 2013 /PRNewswire/ --

DNA Precious Metals Inc. ("DNA" or "the Company") (OTCQB: DNAP) announces that the Company has closed an agreement to acquire the complete geological data resource on the Montauban Mine, in addition to its October 22, 2013 press released "Binding Agreement to acquire an undivided one hundred percent (100%) interest for all of the Montauban Mine Property located in Notre-Dame-de-Montauban, Quebec, Canada".

The geological data, dating from the start of production in 1914 to the last exploration in 2011, consists of over 1000 reports, drill logs, geological maps of near surface deposits, maps of underground mine workings, digital files and a Gemcom modeling of the mine. The acquisition fast tracks the timeline on Montauban and enables DNA to immediately commence a NI 43-101 compliant report on the Montauban Mine, which currently has a non compliant historic near surface resource of over 1M tons of 3.4 g/t Au and approximately 1 ounce per ton silver as well as significant underground potential from this past producer.

"We are excited about the acquisition of the data resource assets due to the potential of the historical mineral resources. Over 1Mt of resource have been identified with historical drilling on the Montaban Mine project, which given its location, geology and metallurgy, could generate value for our shareholders," commented Ronald Mann, President and Chief Executive Officer of DNA Precious Metals. "These assets came to the attention of DNA through our research as we continue to focus on the development of our flagship Montauban Mine Project in Quebec, Canada and as we target updating our current resource estimate to define a mineable resource to bring into production."

About DNA Precious Metals, Inc.

DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to http://www.DNAPreciousMetals.com.

On behalf of the Board

Ronald K. Mann, CEO

Forward Looking Disclaimer

This release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.

CONTACT INFORMATION
Ronald Mann, CEO
DNA Precious Metals Inc.
[e-mail]
Twitter : http://www.twitter.com/dnametals
Facebook : http://www.facebook.com/dnametals

INVESTOR RELATIONS COORINATOR
Stuart T. Smith, CEO
SmallCapVoice.Com, Inc.
[e-mail]
Tel : [phone]
Skype : SmallCapVoice.com


DNA Precious Metals Inc. Announces it has Signed a Binding Agreement to Acquire Additional Mining Interest on the Montauban Mine Property
2013-10-22 08:00 ET - News Release

MONTREAL, October 22, 2013 /PRNewswire/ --

DNA Precious Metals Inc. ("DNA" or "the Company") (OCTQB: DNAP), is pleased to announce that it has signed a Binding Agreement with Excel Gold Mining Inc. for an undivided one hundred (100%) interest for all of their Montauban Mine Property assets located in Notre-Dame-de-Montauban, Quebec, Canada. The 5 contiguous claims ("Mineral Claims") consist of a mining lease and a mining concession totalizing an approximate surface of 76.84 hectares. These 5 mining claims are contingent to DNA's mining claims covering an area of approximately 340 hectares on the Montauban Mine Property, and are described as Les Mines de Montauban in the Property Map on the DNA Website http://www.dnapreciousmetals.com/maps.

DNA Precious Metals Inc. has fulfilled its contractual obligations under the Agreement and paid "In Trust" for the benefit of the Vendor funds and common shares of DNA Precious Metals Inc. representing a value of over $600,000 as of the date of this Release.

The acquired mining assets, described as Les Mines de Montauban on the Property Map http://www.dnapreciousmetals.com/maps , are fundamental to DNA's currently 100% claimed Montauban Mine Property mining claims. This acquisition solidifies DNA Precious Metal's Montauban Mine Property bundle, while expanding exploration and mining potential and enhancing access. More importantly, the added value of this acquisition resides in the granted mining lease and underground rights that accompany the newly acquired mining claims.

Reported Historical Past production from Les Mines de Montauban includes 132,000 oz gold, and 4,300,000 oz silver as well as 77,000 tons zinc, 24,000 tons lead.

"This acquisition is in line with the Company's objective of low capital cost production targets, while positioning the Company for continued growth with the Montauban Mine Project. Procuring these claims will significantly increase the Company's long term exploration program, enhancing the investment in these prospective claims" said Ronald Mann, President and CEO of DNA Precious Metals Inc.

Newly Acquired Mineral Claims

The newly acquired Minerals Claims include three shafts, extensive underground workings and includes the "Golden Goose" north strike area of the Montauban mineralized near surface ore belt, one of the many significant highlights of the acquired property. This mineralized ore block, with Historical Resources non 43-101, Mirabel Resources, consists of approximately 693, 590 metric tons grading an average 3.44 g/t Au and 14.32 g/t Ag. http://www.dnapreciousmetals.com/maps
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DNA Precious Metals Inc. Submits Restoration Plan with the Quebec Ministry of Natural Resources

DNAP Government injects more than $XX million into Dna precious Metals project future Pr to follow !!!!!!!!!!!!!!!!!!!
http://www.mrn.gouv.qc.ca/english/press/press-release.jsp
http://www.mrn.gouv.qc.ca/english/home.jsp
http://www.stockwatch.com/News/Item.aspx?bid=U-prenUK201310187889-U%3aDNAP-20131018&symbol=DNAP®ion=U
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Resources
Estimated Resources
24 917 ounces of gold and 133 912 ounces of silver.
note:
Of those historical resources, it was calculated that 113 284 t grading 3,1 g/t Au and 19 g/t Ag (3,4 g/t eqAu) were located within the first 10 meters from surface.
LONGITUDINAL SECTION
http://dnapreciousmetals.com/wp-content/uploads/2012/11/longitude_sections3.pdf

OFFICIAL CERTIFIED REPORT
http://dnapreciousmetals.com/wp-content/uploads/2012/11/Marchand_Report4.pdf

http://www.dnapreciousmetals.com/resource-evaluation-report


Tailings
Anacon Lead 1 Tailings Deposit

Gold (Au) Silver (Ag) Mica
GRADE 0.31 g/t 32 g/t 10%
RESOURCES 4,200 oz. 440,645 oz. 42,825 t
Historical tailings of approximately 2.5 million metric tons from past producers have been identified by multiple independent government reports for the Montauban Property. The tailings from those past producers in the Montauban Property area are;

Tailings Ponds • Tétreault 1 • Muscocho Tailings
Anacon Lead 1 & 2 • Tétreault 2 • United Montauban

Historical resources from the past producers Tailings
Gold (Au) Silver (Ag)
GRADE 0.70 g/t 45 g/t
RESOURCES 56,263 oz. 3,616,958 oz.
http://www.dnapreciousmetals.com/properties



Evaluation of Old Tailings 1982

In February of 1982 a report was prepared by Jean Depatie (B.A., M.Sc.) for Boville Resources Ltd. The document is entitled “Preliminary Report on the Evaluation of Old Tailings at Montauban, Quebec.

The study focused on tailings which came from the first period of mining in the region (between 1914 and 1944), of the Montauban lead-zinc-silver deposit. It goes on to mention that in 1960, Ghislau Mining Corporation processed a 24,000 pound bulk sample of the tailings (or 2000 short tons) in Quebec City. The bulk sample gave the following results.

• Gold (Au) 0.095 oz/ton (or 3,26g/t)
• Silver (Ag) 2.53 oz/ton (or 86,74g/t)

Key points of this study;
• property easily accessible by a paved road
• property is only 6 miles away by road to a railway
• estimated tonnage of tailings is 400,000 humid short tons
• estimate average silver (Ag) grade of 2.42 oz/ton (or 82,97 g/t)
• estimate average gold (Au) grade of 0.0416 oz/ton (or 1,43 g/t)

GET REPORT
http://198.154.253.253/~dna/wp-content/uploads/2012/11/Tailings1982.pdf

http://www.dnapreciousmetals.com/geology
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