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Duran Ventures Provides Exploration Update on Ichuna Project in Southern PeruDuran Ventures Inc DRV 5/12/2010 3:22:06 PMMay 12, 2010 (TheNewswire.ca via COMTEX News Network) -- (via Thenewswire.ca) TORONTO,CANADA - May 12, 2010 - Duran Ventures Inc. (TSX-V: DRV) is pleased toprovide an update on exploration activities at the Company's IchunaProject, which covers 1,000 hectares and is located 120 kilometresnortheast of Arequipa, in the Department of Moquegua in Southern Peru.A field crew has just completed a second campaign of intensive mappingand sampling. Reconnaissance sampling and mapping carried out inFebruary of this year showed abundant secondary copper minerals onsurface, including malachite, azurite, and chalcocite. Surface samplesranged from weakly anomalous to as high as 10.2% copper, 259 gramssilver per tonne, and 6.1% lead, and 1.2% zinc (please refer to Durannews release of April 14, 2010). The Ichuna Project is locatedapproximately three kilometers to the north-northeast of the Chucapacaproject of Gold Fields Limited ("Gold Fields") and Compania de MinasBuenaventura S.A.A. ("Buenaventura"). In a joint press release datedMay 11, 2010, Gold Fields and Buenaventura announced a mineral resourceestimate on the Canahuire Zone of 83.7 million tonnes of 1.9 grams ofgold per tonne and 8.2 grams of silver per tonne, for an inferredresource of 5.6 million ounces of gold (calculated as a goldequivalent) within the project area. This recent press release alsoquotes Nick Holland (CEO of Gold Fields) and Roque Benavides (CEO ofBuenaventura) as saying, "Canahuire is a highly promising golddiscovery in an emerging gold district in South America. Geologicalindications are that there is a significant upside at the Canahuiredeposit, as well as at other targets within the project area." Duranis very pleased at the exploration success of Gold Fields andBuenaventura at the Chucapaca Project, which highlights the mineralpotential of this emerging mineral district. Duran has the option toacquire Ichuna by acquiring all shares Double Jack Mines. Samplingresults from this latest field campaign are expected shortly. DuranVentures is a Canadian exploration company focused on the explorationand development of porphyry copper, precious metal, and polymetallicdeposits in Peru. Cary Pothorin, P. Geo., President of Duran, is aQualified Person as defined in National Policy 43-101, and isresponsible for all technical information contained in this newsrelease. TO VIEW MAP SHOWING LOCATION OF ICHUĂ?A PROPERTY INRELATION TO THE CANAHUIRE AND CHUCAPACA PROJECTS OF GOLD FIELDS ANDBUENAVENTURA THE IMAGE OF DURAN'S ICHUNA PROJECT, PLEASE COPY AND PASTE THE FOLLOWING URL: http://newswire.bluerush.ca/img/duran_ventures_01.html Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV" For additional information, contact: Tel: (416) 867-1591 Fax: (416) 366-8131 Website: www.duranventuresinc.com Email: info@duranventuresinc.com Neitherthe TSX Venture Exchange nor its Regulation Services Provider acceptsresponsibility for the adequacy or accuracy of this release. Disclosure Regarding Forward-Looking Statements:This press release contains certain "Forward-Looking Statements" withinthe meaning of applicable securities legislation. All statements, otherthan statements of historical fact, included herein are forward-lookingstatements that involve various risks and uncertainties. There can beno assurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Corporation's expectationsare disclosed in the Corporation's documents filed from time to timewith the TSX Venture Exchange and, among others, the Ontario SecuritiesCommission as well as under the heading "Risk Factors" in the Company'sannual and interim Management Discussion and Analysis. |
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| aus der Diskussion: | Duran Ventures Inc.- Kanadischer Explorer in Peru |
| Autor (Datum des Eintrages): | Kostolanys Erbe (15.05.10 08:50:39) |
| Beitrag: | 34 von 103 (ID:39525378) |
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