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.
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 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.
DNA Precious Metals president and CEO Ronald Mann said, "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."
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
The vendor intercepted significant results in their 2009 drill campaign on the acquired property.
Selected assay highlights of gold/silver intercepts, historical drilling, non 43-101, non Canadian drilling reporting standard compliant, on the newly acquired Montauban Mine Property include an intercept over 9 metres at a depth of less than 20 metres of 4.10 g/t Au and 19.49 g/t Ag.
