LAS VEGAS, Aug. 31, 2009 (GLOBE NEWSWIRE) -- This month, Dana Resources (OTCBB:DANR) announced headway on its projects in an alluring area of Peru known to be rich in gold deposits. The Collota Gold Deposit, located in Northern Peru in the region of Ancash on the eastern side of the Cordillera Negra (Black Range Mountains), has estimated resource totals of 1,170,000 ounces of gold, equivalent to a current gross in-situ value in excess of $1 Billion. The aggregate news from Dana paints a picture of confidence in what lies beneath the Peruvian terrain.
A company snapshot and editorial regarding Dana Resources and of interest to investors of gold equities AngloGold Ashanti LTD (NYSE:AU), Barrick Gold Corporation (NYSE:ABX), Newmont Mining Corp. (NYSE:NEM), and Gold Fields Limited (NYSE:GFI) is available at www.SmallCapSentinel.com/DANA
In just the past month alone, Dana resources has entertained joint venture candidates about its base metals projects, announced that it is currently evaluating gold prospects within close proximity to its 1.17 million ounce Collota gold deposit, and successfully acquired the Collota One Gold Prospect in Peru.
With seven mining projects located in Peru's most prolific mining regions and the prospect of its share of 1.17 million ounces of gold to be found, Dana's pursuit of Peruvian gold seems justified. Register to receive ongoing updates at: www.SmallCapSentinel.com/register
Dana Resources is a precious and base metals exploration company with offices in the United States and Peru. Dana's management team possesses local knowledge, extensive international connections, a wealth of experience and technical expertise in mining, mining finance, exploration and production. Dana Resources has acquired a portfolio of gold, silver and other precious & base metal properties located in Peru's most prolific mining regions. With Peru growing as a producer of gold, silver and other metals on the international market, Dana Resources is well positioned to capitalize on the escalating global demand for commodities. The management team and Directors are committed to creating value for their shareholders and to the long-term success of Dana Resources.
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