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DynaResource, Inc. Reports May 2016 Gold Production and Results of Operations at San Jose de Gracia
DynaResource, Inc. Reports May 2016 Gold Production and Results of Operations at San Jose de Gracia.
About this update from Dynaresource, Inc.
[{"type":"text","content":"\n \n \n DynaResource, Inc. Reports May 2016 Gold Production and Results of Operations at San Jose de Gracia\n \n \nDynaResource, Inc. Reports May 2016 Gold Production and Results of Operations at San Jose de Gracia\n \n IRVING, TX--(Marketwired - Jun 7, 2016) - (OTCQB: DYNR) -- DynaResource, Inc. (\"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 June 6, 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 May 2016 production, over a period of 20 mill operating days, of an approximate total of 1,250 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). DynaMineras reports the below summary of the 20-day pilot mill operations during May, with assays reported according to internal lab reports:\n 1) 3,371 Tons: Feed material processed; \n 2) 15.48 g/t Au: Average grade of mill feed; \n 3) 1,250 Oz Gold: Gold concentrates produced (exact weights in gold and silver Oz to be determined at final settlement of sale); \n DynaMineras further reports contract mining at San Pablo mine, and test mill runs of the pilot mill facility at SJG are continuing, with an average volume output from the pilot mill facility in May of approximately 168.5 tonnes per 24 hours of operation.\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 Mine (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, and from revenues generated from the test mining a...