Dana Resources is very pleased and excited to complete the acquisition of such a substantial and prolific gold project. The Board of Directors commented, "This is a significant milestone for the Company. Our plan is to simultaneously increase the deposit at Collota and continue permitting the project for production. With only 10% of the Collota Project explored, Dana is confident that there exists a multimillion ounce gold deposit. Dana Resources is confident that this acquisition will yield a significant positive cash flow for Dana Resources and its shareholders upon commencement of commercial production." With some of the richest mineral reserves in the world, Peru is one of the highest producing countries of precious & base metals in Latin America. Previously inaccessible regions are now becoming available through modern technology and equipment, making the high diversity of marketable minerals an extremely attractive prospect. In total, Peru holds about 16 percent of the world`s known mineral reserves.
About Dana Resources Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana`s management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru`s most prolific mining regions. With Peru growing as a producer of gold, silver and other metals on the international market, Dana Resources is well positioned to capitalize on the escalating global demand for commodities. The management team and Directors are committed to creating value for their shareholders and to the long-term success of Dana Resources.
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