Vancouver, British Columbia--(Newsfile Corp. - March 4, 2014) - DNA Precious Metals Inc. (OTCQB:
DNAP) has acquired an undivided one hundred percent (100%) interest of the St.
Anne Mining Claims located in Notre-Dame-de-Montauban, Quebec, Canada. These 50
mining claims, totalling approximately 1,164 hectares, are contiguous to DNA's
mining claims, which cover an area of approximately 340 hectares on the
Montauban Mine Property, and are described as St. Anne Claims in the Property Map (http://www.dnapreciousmetals.com/maps) on the DNA Website.
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DNA Precious Metals Inc. has fulfilled its contractual
obligations under the Asset Purchase Agreement and paid for the benefit of the
Vendors cash and common shares of DNA Precious Metals Inc., representing a value
of approximately $400,000 as of the date of this Release.
The newly acquired Minerals Claims include a shaft, extensive
underground workings and includes the south strike area of the Montauban
mineralized near surface ore belt identified in the 2010 Resource Evaluation
Report by mining Engineer Jacques Marchand. In addition, of the many significant
highlights of the acquired property they include the Marcor near surface
mineralized ore and the St. Thomas showings located approximately 5km south from
the south zone strike
The acquired mining assets are fundamental to the Company's
current 100% claimed Montauban Mine Property mining claims. This acquisition
solidifies DNA Precious Metal's Montauban Mine Property bundle, while expanding
exploration and mining potential. Reported historical past production from the
Montauban Mine Property includes 150,000 ounces of gold, and 7,000,000 ounces of
silver as well as 109,000 metric tons of zinc and 37,000 metric tons of lead.
"This acquisition is in line with the Company's objective of
low capital cost production targets while positioning the Company for continued
growth with the Montauban Mine Project. Procuring these claims will
significantly increase the Company's long-term exploration program and enhance
the value of these prospective claims," said Tony Giuliano, CEO of DNA
Precious Metals Inc.
For more information, please visit the company’s website at
www.DNApreciousmetals.com, or contact Tony
Giuliano at 514-852-2111 or email tony.giuliano@dnapreciousmetals.com
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