NEWS out !!!GlobeinvestorGOLD.com Company News Alert for Deer Horn Metals Inc.
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Permitting Received for Deer Horn
Filing Services Canada Inc.
FSC / Press Release
Permitting Received for Deer Horn
Delta,British Columbia CANADA, April 13, 2011 /FSC/ - Deer Horn Metals Inc.(DHM - TSX Venture), would like to inform our shareholders that it hasreceived the permits for the 2011 and 2012 work programs at our highgrade gold silver tellurium property at Deer Horn. The 2011 work programwill include drilling to increase the existing gold silver resourcecalculations from the 2010 43-101 report which reported anindicated/inferred resource of 1,970,000 ozs of ag (silver) and 63,000ozs of au (gold) and to produce an initial 43-101 resource on thetellurium. The 2011 work program will also include drilling andtrenching to complement the historical information on the tungstenshowing. In addition the permit includes a 10,000 tonne bulk samplewhich the company intends to process in 2012. An update will be providedwhen the work program discussions are finalized.
The currentprice for the minerals are, au (gold) $1460 USD/OZ, ag (silver) $40USD/OZ te (tellurium) $400 USD/KG and for tungsten $400 USD/MTU. Updatedprices for these minerals can be found on our websitewww.deerhornmetals.com.
On behalf of the board of directors of
Deer Horn Metals Inc.
(signed) "Tyrone Docherty"
President and CEO
For further information please contact:
Primary ContactTyrone Docherty
President
Deer Horn Metals Inc.
(604) 952 7221
tyrone.doccap@dccnet.com
Forward Looking Information
Certaininformation regarding the Company set forth in this press release,including the use of proceeds, and management's assessment of theCompany's future plans and operations contain forward lookinginformation that involve substantial known and unknown risks anduncertainties. The forward looking information is subject to numerousrisks and uncertainties, some of which are beyond the Company's andmanagement's control, including but not limited to, the impact ofgeneral economic conditions, industry conditions, fluctuation ofcommodity prices, fluctuation of foreign exchange rates, imperfection ofreserve estimates, environmental risks, industry competition,availability of qualified personnel and management, stock marketvolatility, timely and cost effective access to sufficient capital frominternal and external sources. The Company's actual results,performance or achievement could differ materially from those expressedin or implied by, the forward looking information and accordingly, noassurance can be given that any of the events anticipated to occur ortranspire form the forward looking information will provide any benefitsto the Company.
"Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release."
To view this release as a web page, please click on the following link:
https://www.usetdas.com/pr/deerhorn04132011.htm
Source: Deer Horn Metals Inc. (TSX-V DHM)
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