NOTICE OF COMPLETION OF PHASE 1 OF EARN IN
AUGUST 09, 2007
DynaResource, 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").
Pursuant to the terms of the EARN IN, at June 15 2007 the completion date of Phase 1; Goldgroup has completed the Phase 1 requirements.
PHASE 1 COMPLETION:
At 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").
In 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.
In 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.
HIGHLIGHTS (Phase 1 Drilling):
La PURISIMA:
* Drill Hole (DDH) 07-21: 6 M. of 26.89 g/t., Including 2.1 M. of 75.9 g/t; extending the La Purisima (between the Anglo and Rosario Mines) Down Dip by approximately 50 Meters;
SAN PABLO:
* DDH 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;
* DDH 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;
* DDH 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 the Sediments;
* DDH 07-12: 7.1 M. of 6.36 g/t., Including 4.2 M. of 10.33 g/t., Including 1.1 M. of 15.63 g/t.; Including 1.6 M. of 11.292 g/t.; Extending recent Mining Works approximately 100 Meters Southeast, and Up Dip;
PALOS CHINOS:
* DDH 07-02: .75 M. (3/4 of 1. M) of 16.5 g/t.; Extending Historic Workings approximately 100 Meters South and Down Dip; and approximately 50 Meters South of Prior Drill Hole '97-63;
* DDH 07-16: 4.35 M. of 3.09 g/t., Including 2.15 M. of 5.2 g/t.; Drilled in the vicinity of prior Drill Hole '97-63;
GEOCHEMICAL:
In addition to these significant Drill Hole highlights; several hot spots resulting from the Geochemical sampling have been identified:
* A "New" North Zone; approximately 750 Meters Northwest of Tres Amigos;
* A "New" Southeast Zone (Cordon); south of Palos Chinos and East of La Purisima;
* The Dead Zone; renamed as the "Argillic Zone";
* Area of the La Union / La Parilla / Veta Tierra;
The Company will expect to distribute a full explanation of the Phase 1 Drill holes in coordination with Goldgroup Resources, Inc.
The parties are planning a Phase 2 Drill Program consisting of approximately 10,000 Meters, and with expenditures projected at approximately $ 2 M. USD. The Phase 2 drilling is expected to commence at September 15, 2007. Goldgroup is to expend (through DynaMexico) a Total of $ 3 M. USD., including the Phase 1 expenditures, at March 15, 2008.
For further Information, Please Contact DynaResource at its Irving, Texas Offices.
DYNARESOURCE, INC.
By: K.D. DIEPHOLZ; CHAIRMAN / CEO
AUGUST 09, 2007
DynaResource, 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").
Pursuant to the terms of the EARN IN, at June 15 2007 the completion date of Phase 1; Goldgroup has completed the Phase 1 requirements.
PHASE 1 COMPLETION:
At 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").
In 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.
In 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.
HIGHLIGHTS (Phase 1 Drilling):
La PURISIMA:
* Drill Hole (DDH) 07-21: 6 M. of 26.89 g/t., Including 2.1 M. of 75.9 g/t; extending the La Purisima (between the Anglo and Rosario Mines) Down Dip by approximately 50 Meters;
SAN PABLO:
* DDH 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;
* DDH 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;
* DDH 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 the Sediments;
* DDH 07-12: 7.1 M. of 6.36 g/t., Including 4.2 M. of 10.33 g/t., Including 1.1 M. of 15.63 g/t.; Including 1.6 M. of 11.292 g/t.; Extending recent Mining Works approximately 100 Meters Southeast, and Up Dip;
PALOS CHINOS:
* DDH 07-02: .75 M. (3/4 of 1. M) of 16.5 g/t.; Extending Historic Workings approximately 100 Meters South and Down Dip; and approximately 50 Meters South of Prior Drill Hole '97-63;
* DDH 07-16: 4.35 M. of 3.09 g/t., Including 2.15 M. of 5.2 g/t.; Drilled in the vicinity of prior Drill Hole '97-63;
GEOCHEMICAL:
In addition to these significant Drill Hole highlights; several hot spots resulting from the Geochemical sampling have been identified:
* A "New" North Zone; approximately 750 Meters Northwest of Tres Amigos;
* A "New" Southeast Zone (Cordon); south of Palos Chinos and East of La Purisima;
* The Dead Zone; renamed as the "Argillic Zone";
* Area of the La Union / La Parilla / Veta Tierra;
The Company will expect to distribute a full explanation of the Phase 1 Drill holes in coordination with Goldgroup Resources, Inc.
The parties are planning a Phase 2 Drill Program consisting of approximately 10,000 Meters, and with expenditures projected at approximately $ 2 M. USD. The Phase 2 drilling is expected to commence at September 15, 2007. Goldgroup is to expend (through DynaMexico) a Total of $ 3 M. USD., including the Phase 1 expenditures, at March 15, 2008.
For further Information, Please Contact DynaResource at its Irving, Texas Offices.
DYNARESOURCE, INC.
By: K.D. DIEPHOLZ; CHAIRMAN / CEO