DNA Precious Metals Answers Comments for Certificate of Authorization Amendment from Ministry of Sustainable Development, Environment, Wildlife and Parks
MONTREAL, Quebec, February 6, 2014 /PRNewswire/ –
DNA Precious Metals Inc. (“DNA” or “the Company”) (OTCQB: DNAP) is pleased to announce
that it has answered all comments to date from the Quebec Ministry of Sustainable
Development, Environment, Wildlife and Parks pertaining to an application for an amendment
to a certificate of authorization to operate a milling facility. The amendment request to
the existing certificate of authorization is to include an additional extraction process
In September of 2012, DNA was issued a certificate of authorization from the Quebec
Ministry of Sustainable Development, Environment, Wildlife and Parks authorizing the
Company to process mining residues by gravity separation methodology. The amendment
request filed in the Summer of 2013 includes the processing of the mining residues through
a Merrill Crowe cyanide closed circuit system.
Extensive laboratory testing work on an extraction process for the mining residues on
the Montauban Mine Property demonstrated that a combination of gravity separation and
closed circuit cyanization was the most effective process for the successful recovery of
the precious metals. The combined extraction methodology increased the recovery
percentages of gold and silver in the mining residues. With the implementation of the
combined extraction methodology process, DNA may recover up to 92% of the gold and 77% of
the silver from the mining residues on the Montauban Mine Property.
The amendment request to the certificate of authorization deposited with the Quebec
Ministry of Sustainable Development, Environment, Wildlife and Parks targets the
processing of the mining residues identified as Anacon 1 covering an area of approximately
7 hectares on the Montauban Mine Property located in the Montauban and Chavigny townships
near Grondines-West in the Portneuf County, Quebec, Canada. DNA Precious Metals Inc.
presently has mining rights on the Montauban Mine Property covering an area of
approximately 420 hectares.
If, as and when issued, the remittance of the amendment to the certificate of
authorization permit from the Quebec Ministry of Sustainable Development, Environment,
Wildlife and Parks will take DNA Precious Metals Inc. one step closer to processing the
Anacon 1 mining residues, on which a National Instrument 43-101 resource estimate
published by Yves Gagnon Engineer, Geologist indicated a measured resource of
approximately 428 252 tons.
Ronald Mann, President and CEO stated; “If as and when issued, the amended Certificate
of Authorization permit is another milestone for DNA Precious Metals Inc. in the march to
production. Our investment and collaboration with the Quebec Government will facilitate
that our project is on track, subject to production financing, to meet its target of
having the mine fully commissioned by the summer of 2014. I would like to send my deepest
appreciation to the Quebec Ministry of Sustainable Development, Environment, Wildlife and
Parks and to everyone on our team and who have all worked so hard in achieving our
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 [
\\lonpivdocs\redocs\2013\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.
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SOURCE DNA Precious Metals Inc.