Dunav Resources Provides an Update on Its Degrmen Gold-Copper Porphyry Project, Serbia
LONGUEUIL, QUÉBEC--(Marketwired - April 17, 2014) - Dunav Resources Ltd. (TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to present an exploration update on its 100% held Degrmen Porphyry Project located 20 km northwest of its Kiseljak copper-gold porphyry deposit in Southern Serbia.
- HIGHLIGHTS
- Based on the increase in the understanding of the geology and controls of mineralization gained during the initial wide-spaced diamond drilling program at Degrmen, a short, follow up diamond
drilling program was completed during late 2013.
- Diamond drilling has returned the following, selected, moderate to strong intercepts, calculated using a 0.33g/t AuEq cut-off grade (refer to Table 1 for a full listing of
significant intersections):
Hole ID |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Cu (%) |
AuEq (g/t) |
CuEq (%) |
DGRDD012* | 23.0 | 44.0 | 21.0 | 0.30 | 0.09 | 0.45 | 0.28 |
DGRDD012* | 51.0 | 79.0 | 28.0 | 0.19 | 0.10 | 0.35 | 0.22 |
DGRDD012* | 94.0 | 136.0 | 42.0 | 0.36 | 0.17 | 0.64 | 0.39 |
DGRDD012* | 142.0 | 173.0 | 31.0 | 0.27 | 0.14 | 0.50 | 0.31 |
DGRDD012* | 179.0 | 203.1 | 24.1 | 0.36 | 0.13 | 0.56 | 0.35 |
DGRDD013* | 3.0 | 41.0 | 38.0 | 0.29 | 0.07 | 0.41 | 0.25 |
DGRDD013* | 263.0 | 411.0 | 148.0 | 0.62 | 0.18 | 0.92 | 0.57 |
DGRDD015 | 35.0 | 179.0 | 144.0 | 0.37 | 0.13 | 0.58 | 0.36 |
DGRDD015 | 275.0 | 390.0 | 115.0 | 0.36 | 0.11 | 0.53 | 0.33 |
- 0.33g/t AuEq cut-off ($1,400/oz. Au, $3.30/lb. Cu), 5m minimum composite length, 5m maximum internal dilution. | |
- AuEq = ((Au g/t*45.01) + (Cu%*72.75))/45.01 | |
- CuEq = ((Cu%*72.75) + (Au g/t *45.01))/72.75 | |
- Metal prices used are based on the 2 year trailing average of the monthly gold (spot) and copper (grade A cathode) prices. | |
- Diamond drill samples are PQ, HQ or NQ half core, using a nominal 1m sampling basis and weigh ~3-6kg. | |
- Assay method: Fire assay Au (50g); Cu by aqua regia digestion with AAS finish. | |
- Intercept widths do not necessarily represent true width. | |
- No top cut applied. | |
- (*) Drill hole terminates in mineralization i.e. mineralization remains open at depth. |
- Eight diamond drill holes were completed for a total of 2,293.5m.
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