Dallas, TX 7/15/2009 10:56:18 PM
News / Business

Dana Resources (OTCBB: DANR) Completes Entire Acquisition of Northern Peru Project

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Dana Resources (OTCBB: DANR), a US-based precious and base metals exploration recently announced it has acquired a 100% interest in the project  known as the Turmalina Project, located in Northern Peru. Dana Resources currently owns and operates several advanced-stage mining concessions located in Peru's most prolific mining regions. 

 

The project is located in Northern Peru, is accessible by road with excellent infrastructure in the area for power, water and labor.

 

"The addition of the Turmalina project brings added depth and diversity to Dana Resources' base metals portfolio and increases our land holdings in Peru," said Len DeMelt, president of Dana Resources. "We anticipate that the project could yield more than 660 million pounds of copper, which would be valued at approximately $1.48 billion according to current copper prices."

 

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