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DynaResource, Inc. Reports February 2016 Gold Production and Results of February Operations at San Jose de Gracia
DynaResource, Inc. Reports February 2016 Gold Production and Results of February Operations at San Jose de Gracia.
About this update from Dynaresource, Inc.
[{"type":"text","content":"\n \n \n DynaResource, Inc. Reports February 2016 Gold Production and Results of February Operations at San Jose de Gracia\n \n \nDynaResource, Inc. Reports February 2016 Gold Production and Results of February Operations at San Jose de Gracia\n \n IRVING, TX--(Marketwired - Mar 4, 2016) - DynaResource, Inc. (OTCQB: DYNR) (\"DynaUSA\", and \"the Company\") is pleased to announce that Mineras de DynaResource S.A. de C.V. (\"DynaMineras\"), the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México (\"SJG\"), is reporting the delivery for sale on March 4, 2016 of an approximate 625 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).\n DynaMineras further reports February, 2016 production from the Pilot Mill Facility at SJG of an approximate total of 1,225 Oz gold contained in concentrates from 29 days of pilot milling operations (exact weights in gold and silver oz. to be determined at final settlement). DynaMineras further reports the below summary of February pilot mill operations at SJG, with assays reported according to internal lab reports:\n 1) 2,985 tons feed material processed;\n 2) 16.6 g/t Au; average grade of mill feed;\n 3) 1,225 Oz gold produced (exact weights in gold and silver oz. to be determined at final settlement of sale);\n DynaMineras further reports that the contract mining at San Pablo mine, and test mill runs of the pilot mill facility at SJG are continuing.\n DynaMineras - Mine Plan and Mill Operations (Pilot Operations)\n DynaMineras is conducting operations at SJG according to internally developed mine plans for San Pablo (compiled by Company VP- Director of Exploration and Resource Development, Pedro I. Teran Cruz, using Surpac software), and through the internally designed SJG Pilot Mill facility (consisting of a basic gravity-flotation circuit) which was previously operated by DynaUSA during the 2003-2006 period. There is no preliminary economic assessment report completed for SJG so the precise cutoff grade for underground mining has not yet been determined. The operations are being funded internally by DynaMineras and DynaUSA. The mine plan was developed from the block model of resources as defined in the DynaMéxico NI 43-101 Mineral Resource Estimate; and fro...