MISSISSAUGA, Ontario, June 12, 2007 (PRIME NEWSWIRE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter, this one discussing Dhanoa Minerals Ltd. (OTCBB:DHNA), its industry and future prospects.
It's a competitive game, gold mining. Success in the field is determined by being tougher, smarter and more determined. Toronto-based Dhanoa Minerals Limited (OTCBB:DHNA) is hitching its wagon to star gold deposits in Central and South America, areas it's certain are swimming with the shiny yellow metal, much as the early Spanish explorers to the region were.
Dhanoa is a progressive, production-stage junior mining company focused on exploration, acquisition and development of natural resource properties. The company has scored some of its biggest coups of late in three particularly active gold mines in the Bella Rica district of southwestern Ecuador.
What's getting the company greater attention these days is the success of its Bonanza mine, one of three located on the western end of the Ecuadorian metallurgical gold belt, home to more than 10 million ounces of the precious metal. It is from this particular mine that Dhanoa has extracted about 25 kilos of gold a month. It is the consensus of gold industry watchers that, even if gold stays at its current price levels (about US$680 an ounce), approximately 100,000 ounces of gold yielded by these three operating mines (Bonanza, Guanache and Mollopongo) will generate revenues of upwards of $68 million (all amounts in Canadian dollars unless specified otherwise) by the end of June 2008. Analysts project the figure to skyrocket to 250,000 ounces by the end of the following year. Dhanoa is planning to complete an acquisition of 80 percent interest in the three gold mines.
The full version of this special report on DHNA can be found at:
http://www.allpennystocks.com/aps_us/special_reports/archives/061107.asp
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on Dhanoa Minerals Ltd. (OTCBB:DHNA), the compensation is four thousand dollars by a non-affiliated third-party, European American Investments for its efforts in presenting the DHNA profile on its web site and distributing it to its database of subscribers as well as other services. This creates an inherent conflict of interest and readers are encouraged to view the main disclaimer at http://www.allpennystocks.com/aps_us/company_spotlights/archives/dhna.asp.