Dunav Resources (TSX-V:DNV, StockForum), engaged in acquisition and exploration of mineral properties in the Republic of Serbia, announced updates today to its additional exploration drilling at Tulare Project.
According to the news release, “Preliminary metallurgical testwork (flotation) has returned excellent metallurgical recoveries for all the elements of interest with average recoveries of 94% Au, 88% Ag, 97% Pb, 90% Cu and 98% Zn into less than 5% of the sample mass. In addition, preliminary testwork indicates that gravity recovery at a coarse grind of P80 150 microns has the potential to recover a significant proportion of the gold and silver.”
It went on to add, “Dunav plans to review and assess the recently returned results of the 2013 drill program on the Bakrenjaca epithermal system during the 2013/2014 winter period so as to determine the overall economic potential with a particular focus on the Gubavce portion of the system.”
Then summed up, “Given the encouraging preliminary metallurgical testwork received to date the Company believes that additional drilling may be warranted during the 2014 field season.”
Dunav Resources was in the news recently when it discovered a gold-copper porphyry system at Degrmen.
Shares were up 45.45% to $0.08 per share on the news.
Currently there are 175,319,442 shares outstanding with a market cap of $14.03 million.