RE: NR...12 month target $0.28
eResearch Issues Initiating Report on Duran Ventures Inc.
TORONTO, ONTARIO, Jul 21, 2010 (Marketwire via COMTEX News Network) --
DuranVentures Inc. (TSX VENTURE:DRV) is a Canadian-based junior explorationand development company that is focused on large-tonnage mineraldeposits in Peru. Its flagship project is its past-producing Aguilacopper-molybdenum property in the region of Ancash, in northern Peru.
TheCompany's owns 100% interests in seven base metals properties, all atvarious stages of exploration and development drilling, and none subjectto underlying royalties or government restrictions or payments.
Duran'sreal interest is on developing its recently-acquired gold property(Minasnoic), which it won out in a government auction over Barrick GoldCorporation and another interested private party, both of which hadconducted exploratory work on the 1000-hectare property.
In orderto concentrate on Minasnoic, Duran is interested in joint-venturing thedevelopment of its base metals properties (one j.v. recentlycompleted). This could interest mining giant Minera Penoles de Peru S.A.which has significant properties near by.
With a market cap of$15 million, the shares are suitable for risk-tolerant investors. Werate the shares as a Speculative Buy, with a 12-monthTarget Price of
.28 per share.
This Press Release was prepared by eResearch andwas not vetted by Duran Ventures Inc. Further, the Recommendation andTarget Prices contained in this Press Release and in the InitiatingReport are strictly those of eResearch and, due to securities laws, arenot endorsed by Duran Ventures Inc.
eResearch is a primary sourcefor professional investment research, focused primarily on small- andmid-cap companies. Our research and analysis is of institutionalquality, and has the potential for reaching millions of global investorsthrough our extensive electronic distribution network.
Duran Ventures Inc. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.
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SOURCE: eResearch
eResearch Bob Weir, CFA Managing Director, Research Services (416) 643-7650 Ext 1 bweir@eresearch.ca
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