Breaking News Alert - DNA Precious Metals Inc.
(OTCQB: DNAP) -
March 4, 2014
DNA Precious Metals Inc. Announces Acquisition of the St.
Anne Mining Claims Located on the Montauban Mine Property in Quebec, Canada
"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."
Montreal, Canada – March 4, 2014. DNA Precious Metals Inc. ("DNA" or "the
Company") (OTCQB: DNAP), is
pleased to announce that it has acquired an undivided one hundred percent (100%)
interest of the St. Anne Mining Claims located in Notre-Dame-de-Montauban,
Quebec, Canada. The 50 contiguous claims ("Mineral Claims") totalize an
of 1164 hectares. These 50 mining claims are contiguous to
DNA’s mining claims covering an area of approximately 340
hectares on the Montauban Mine Property, and are described as St. Anne Claims in
the Property Map on the DNA Website http://www.dnapreciousmetals.com/maps.
DNA Precious Metals Inc. has fulfilled its contractual obligations under the
Asset Purchase Agreement and paid for the benefit of the Vendors cash and common
shares of DNA Precious Metals Inc., representing a value of approximately
$400,000 as of the date of this Release.
The acquired mining assets, described as the St. Anne Claims on the Property Map
http://www.dnapreciousmetals.com/maps , are fundamental to Company’s current
100% claimed Montauban Mine Property mining claims. This acquisition solidifies
DNA Precious Metal's Montauban Mine Property bundle, while expanding exploration
and mining potential. Reported historical past production from the Montauban
Mine Property includes 150,000 ounces of gold, and 7,000,000 ounces of silver as
well as 109,000
metric tons of zinc and 37,000 metric tons of 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 and enhance the value of these
prospective claims" said Tony Giuliano, Chief Executive Officer of DNA Precious
Newly Acquired Mineral Claims
The newly acquired Minerals Claims include a shaft, extensive underground
workings and includes the south strike area of the Montauban mineralized near
surface ore belt identified in the 2010 Resource Evaluation Report by mining
Engineer Jacques Marchand. In addition, of the many significant highlights of
the acquired property they include the Marcor near surface mineralized ore and
the St. Thomas showings located approximately 5km south from the south zone
strike identified on the Property Map. http://www.dnapreciousmetals.com/maps
About DNA Precious Metals, Inc.
DNA Precious Metals, Inc. (OTCMKTS:
DNAP) 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 www.DNAPreciousMetals.com.
On behalf of the Board
Tony Giuliano, 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 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.
DNA Precious Metals Inc.
Twitter : www.twitter.com/dnametals
SOURCE: DNA Precious Metals, Inc.
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