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DNA Precious Metals Inc.
DNA Precious Metals Inc. (DNAP) is quoted on the Over The Counter Bulletin Board (“OTCBB) in the United States. DNA is focused on near term production of the Montauban gold silver tailings mine in the Province of Quebec, Canada. Principal operations office is in Montreal. The Company has an aggressive search for acquisition targets internationally with a mission to create a medium sized precious metals mining producer.
In June of 2011, DNA Precious Metals Inc. completed the first acquisition of its Montauban exploration properties located in the Portneuf County, Quebec, Canada, based on a report estimating an historical resource of 47,198 ounces of gold and 480,998 ounces of silver on the Montauban Project. The resource totals are in reference to a portion of the gold bearing surface ore over a distance of approximately 600 meters in length.
In addition, Engineering Geologist Yves Gagnon’s January 2011 National Instrument 43-101 Technical Report on the Resource Evaluation of the Montauban Tailings states the actual market value of the Montauban Tailings to be at least 32 million dollars with the potential of increasing this value with the mica (phlogopite). This report was based on the total measured resources of approximately 428,000 metric tonnes of tailings. Various official government documents estimates the total amount of tailings located on the Montauban Mine Property to be more than 2 million metric tonnes. Mr. Yves Gagnon has worked as a Geological Engineer for 35 years and he fulfills the requirements to be a “qualified person” as required by rule 43-101.
Since the acquisition of the Montauban Mine Property, DNA Precious Metals Inc. has worked closely with the Quebec Provincial Government and most importantly the local Municipality. As a result, a protocol agreement was signed between DNA Precious Metals Inc. and the Municipality of Notre-Dame de Montauban after the Municipality’s Council voted unanimously in favor of the Montauban Mining Project presented to them by DNA Precious Metals Inc. In September of 2012, DNA Precious Metals Inc. received the Certificate of Authorization issued by the MDDEP (Ministère du Développement durable, de l’Environnement et des parc) to process the mining residues, subject to conditions, further permits and approvals.
As of March 2013 DNA Precious Metals Inc. has the final plans of the mill for the extraction process of the industrial and precious metals. Certain processing equipment has been purchased by the Company and is being stored nearby the mining property. In addition, the Company has completed construction of all access roads to and from the new milling facility. The newly erected milling facility consists of an industrial steel structure building totaling 16,000 square feet. The power line source to the milling facility totaling 1.3 kilometers has also been completed.
DNA Precious Metals Inc. has rapidly evolved towards becoming a production company since the completion of the Montauban Mine acquisition in June of 2011. Contingent upon adequate financing, the Company is focused on being in production of the recuperation of industrial and precious metals from the mining residues in Q4 2013. DNA Precious Metals Inc. has Provincial and Municipal Government support for the Montauban project especially since the Company is restoring an environmental area with mining residues. The project will enable DNA Precious Metals Inc. to generate attractive cash flow with low initial capital cost required to start the project.
Quebec has grown to become one of the largest mining jurisdictions in the world through the abundance of world-class mining deposits and through the ingenuity and perseverance of those engaged in exploring, developing, extracting and processing minerals. DNA Precious Metals Inc. will be at the forefront with the implementation of good practices and respect for the environment throughout all mining operations. Most importantly, the Company will encourage responsible exploration and operate in a safe and environmentally protective manner.
DNA management, directors and independent mining consultants bring a wealth of business, financial and mining experience to the Montauban precious metals tailings mine project.
Contact Us
9125 rue Pascal-Gagnon
Suite 204
Saint-Léonard, Québec, H1P1Z4
Telephone: +1 514-852-2111
Fax: +1 514-852-2221
email: info@dnapreciousmetals.com
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