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NOTICE OF COMPLETION OF PHASE 2
NOTICE OF COMPLETION OF PHASE 2.
About this update from Dynaresource, Inc.
[{"type":"text","content":"DYNARESOURCE, INC.\n&\nDYNARESOURCE DE MEXICO, SA. De CV.\n\n\n\"NOTICE OF COMPLETION OF PHASE 2 OF EARN IN\"\n\n\nFEBRUARY 1, 2008\n\nDynaResource, Inc., and DynaResource de Mexico, SA. De CV., sets forth the following Notice of Completion of Phase 2 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 previously 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 February 1 2008, Goldgroup has completed the Phase 2 requirements. The Scheduled Date for the Completion of Phase 2 was March 15, 2008. \n\n\nPHASE 2 COMPLETION:\n\nAt February 1, 2008, the Company reports total deposits to DynaMexico by Goldgroup of $ 3,368,086.03 USD.; with total expenditures through DynaMexico of $ 31,287,090.90 Pesos. Activities related to the exploration and development of SJG are being conducted by DynaMexico, through Contract to the operating subsidiary of DynaResource, Inc. in Mexico, 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\nApproximately 5,500 Meters Drilling was accomplished in 23 Drill Holes in Phase 2 (Highlights reported below). Previously, in Phase 1, Approximately 3,400 Meters drilling was accomplished in 22 Drill Holes. Additional activities being conducted include Geochemical sampling and mapping, and data consolidation into Surpac Software. \n \nIn addition to the exploration and drilling activity, 3 additional Mining Concessions were Claimed, with Title applications Filed. 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\n\nHIGHLIGHTS (Phase 2 Drilling):\n\n\tLa PURISIMA:\n\n?\tDrill Hole (DDH) 07-39 (160 M. East of 07-21); Vertical Hole; 2.05 M. of 2.479 g/t.; 3.25 M. of 10.89 g/t., including 1.90 M. of 16.675 g/t..;\n\n?\tDDH 07-37; 4.45 M. of 2.99 g/t., Including 2.2 M. of 5.004 g/t.; Hole Stopped in 5.004 g/t. Mineral;\n\n?\tDDH 07-35; 2.2 M. of 2.736 ...