Business
Completion of Phase 1 of Earn In
Completion of Phase 1 of Earn In.
About this update from Dynaresource, Inc.
[{"type":"text","content":"NOTICE OF COMPLETION OF PHASE 1 OF EARN IN \n\nAUGUST 09, 2007\n\nDynaResource, Inc. sets forth the following Notice of Completion of Phase 1 of the \"Stock Purchase and EARN IN\" Agreement (\"EARN IN\"), DATED September 1, 2006; Between: DynaResource, Inc. (\"DynaResource\") and DynaResource de Mexico SA. de CV., its wholly owned subsidiary (\"DynaMexico\"), (\"Seller\"); and Goldgroup Resources, Inc., of Vancouver, British Columbia (\"Goldgroup\"), (\"Buyer\"), and Together, (\"the Parties\"). \n\nPursuant to the terms of the EARN IN, at June 15 2007 the completion date of Phase 1; Goldgroup has completed the Phase 1 requirements. \n\nPHASE 1 COMPLETION:\n\nAt June 15, the Company reports total deposits to DynaMexico by Goldgroup of $ 1,368,293.03 USD.; with total expenditures through DynaMexico of $ 11,215,260.86 Pesos. Activities related to the exploration and development of SJG are being conducted by DynaMexico, through Contract to the operating subsidiary of DynaResource, Inc., Mineras de DynaResource SA de CV. (\"MinerasDyna\"); with the Management of Personnel being contracted by Mineras through to the personnel management subsidiary, DynaResource Operaciones, SA de CV (\"DynaOperaciones\"). \n\nIn Phase 1, Approximately 3,400 Meters drilling was accomplished in 22 Drill Holes (Highlights reported below); as well as Geochemical sampling and mapping, and data consolidation into Surpac Software. \n \nIn addition to the exploration and drilling activity, 3 additional concessions were applied for. At the time that Title of these Concessions is obtained by DynaMexico, the 3 acquisitions will extend the SJG District by approximately 95,000 Hectares.\n\nHIGHLIGHTS (Phase 1 Drilling):\n\nLa PURISIMA:\n\n?\tDrill Hole (DDH) 07-21: 6 M. of 26.89 g/t., Including 2.1 M. of 75.9 g/t; extending the La Purisima (Anglo Area) Down Dip by approximately 50 Meters;\n\nSAN PABLO:\n\n?\tDDH 07-07: 5 M. of 9.25 g/t., Including 2 M. of 25 g/t.; Extending recent Mining works at San Pablo by approximately 200 Meters South;\n\n?\tDDH 07-08: 3.8 M. of 4.77 g/t., Including 2.3 M. of 7.6 g/t.; in the vicinity of recent Mining works and Down Dip;\n\n?\tDDH 07-09: 2.1 M. of 7.2 g/t.; Deeper Zone of 3.15 M. of 8.33 g/t.; Extending recent Mining works approximately 110 Meters South, and Down Dip; with New Zone in Sediments;\n\n?\tDDH 07-12: 7.1 M. of 6.3...