Ecuador Production Goals Met for a Second Month for Dhanoa Minerals Ltd.
Dhanoa Minerals Ltd. (Nachrichten) (Pink Sheets: DHNA) has met its export production goals of 5700 gr of gold for the second month in a row through its new operating company in Ecuador “Impouniverso S.A.“ This is valued at $134,000.00 USD against today's prices of gold.
During the month of September, Dhanoa's staff worked diligently on interconnecting the Mollopongo, Guanache and Bonanza mines. This much needed work permits them to step up production. So far, they have confirmed a new WEST structure parallel to the PRINCIPLE vein at the Guanache mine. They are now awaiting assays on samples taken from this and a similar finding at the Mollopongo mine to confirm the geological models and define ore for exploitation.
Lee Balak, president of Dhanoa Minerals Ltd., stated, “The impact of this initiative of interconnecting the Mollopongo, Guanache and Bonanza Mines should become evident by our monthly export production figures showing steady increases.“
The company is continuing to source new production equipment as well as continuing their due diligence on the adjoining Porvenir and San Jorge mines.
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed to acquire, explore, and develop natural resource properties. Activities include gold production and sales, further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," "will," or "plans" to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's reports and registration statements filed with the Securities and Exchange Commission.