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DynaResource is a junior exploration company that is currently focused on their San Jose de Gracia project in Sinaloa, Mexico. DynaResource holds a 50% interest in San Jose de Gracia with their exploration partner Goldgroup Mining. The company recently released a NI 43-101 report for the property, with plans to move towards production.
DynaResource Inc. is a Texas based junior exploration company with a focus on the Mexican property, San Jose de Gracia. DynaResource trades on the OTCBB under the ticker symbol DYNR. The company currently has a 50% interest in San Jose de Gracia, with their exploration partner in the project, GoldGroup Mining, which is locates in the state of Sinaloa, Mexico. The project has been called 'potentially the most significant project development in the region.’
As of Date : April 26, 2012
Ticker Symbol: OTCBB:DYNR
Recent Price: USD$4.14
52 Week Hi / Low: $4.80 / $3.26
Issued & Outstanding: 10,603,547000
Market Capitalization: $40,896,000
K.D. Diepholz, Chairman, & C.E.O.
Charles E. Smith, Chief FInancial Officer
Bradford J. Saulter, Vice President Investor Relations
Pedro Ignacio Teran Cruz, Geologist Consultant
Abraham Urias Romero,, Legal Agent & Representative
San Jose de Gracia
An advanced exploration property located in the state of Sinaloa, Mexico, DynaResource owns a 50% interest in the property with their exploration partner in the project, GoldGroup Mining. San Jose de Gracia is a past producing mine, with reported production estimate of 1,000,000 oz. Au since 1910. The property currently has a NI 43-101 compliant resource of 274,000 oz. Au Indicated at an average grade of 6.52 g/t, and 741,000 oz. Au inferred at an average grade of 5.83 g/t, this is using a 2.0 g/t cut-off grade. According to the company, there is potentially to significantly increase the size of the resource through additional exploration. In addition to the exploration of San Jose de Gracia, there is a 200 ton per day (tpd) mill located on the property, which was in production until it was closed in 2006, so the company could focus on increasing the mineral resource.
Mining in Mexico
Mexico is considered a politically stable region, and generally encouraging towards mining initiatives. Historically, Mexico has been supportive of mining developments, and is currently home to several world-class, large scale mining operations for gold, silver, copper, lead and zinc. Mexico revised their mining laws their previously protectionist mining laws in 1992, in advance of joining NAFTA. The new mining regulations in Mexico revised a previously onerous taxation system, improved the environment for foreign investment, encouraged and protected rights to foreign ownership and removed government mining royalties.
According to the DynaResource website, the state of Sinaloa has been supportive of DYNR, and the San Jose de Gracia project. It has been called potentially the most significant development in the region, Sinaloa is home to other producing mining operations.
Mr. Haugen, who prepared this report, currently has no position in DynaResource Inc. and no longer has an association with Gale Capital Corp.
This information is provided on an “as-is” basis with no warranties of any kind. Always conduct your own due diligence before making any investment decisions.
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