dynaresource inc (DYNR) Key Developments
Dynaresource, Inc. Reports Additional Gold Production at San Jose De Gracia
Aug 12 14
Dynaresource, Inc. announced that Mineras de DynaResource S.A. de C.V. reporting the delivery for sale of an additional and approximate 205 Oz. gold contained in gravity concentrates (exact weights in gold and silver oz. to be determined at final settlement). The production of the estimated 205 Oz. gold was accomplished from mill runs completed over a 10 day period ending August 7, from approximately 1,200 tons of mineralized feed material which was processed through the gravity circuit of the Pilot Mill Facility at SJG. MinerasDyna further reports that approximately 1,175 tons of gravity tailings, remaining after the gravity concentration, will be re-processed through the gravity circuit for metallurgical purposes; and will be further processed through the flotation circuit of the SJG Pilot Mill Facility. MinerasDyna estimates the refurbished flotation circuit to come on line in August. MinerasDyna further reports the total amount of mineralized material processed in Mill Campaigns conducted this year of: April-May; approximately 2,500 tons processed; the 10 day campaign through July 25 (approximately 1,050 tons processed); and, the 10 day period from July 26-August 7 (approximately 1,200 tons processed). And, MinerasDyna further reports the estimated amount of Tailings remaining from the gravity concentration, and which material will be re-processed is approximately 4,000 Tons. Internal assays report: an average feed grade for the mill runs of approximately 12.0 g/t Au; and, (b) an average grade for the mineralized material to be re-processed (gravity tailings) of approximately 6 g/t. MinerasDyna estimates approximately 50% of the recoverable gold contained in the mill feed material mined from San Pablo Mine to be recovered in the gravity concentrate (considering results reported in the mill campaigns of 2014, and based on historical data compiled from the 2003-2006 Period.
Dynaresource, Inc. Appoints David S. Hall as Executive Vice-President and Chief Financial Officer
Jun 19 14
On April 15, 2014, David S. Hall was appointed as executive vice-president and chief financial officer of DynaResource, Inc. Mr. Hall has 30 years broad accounting, auditing and entrepreneurial expertise. Prior to joining Dyna, Mr. Hall was the owner and Managing Director of The Hall Group. Prior to founding The Hall Group, CPAs, Mr. Hall worked in CFO and Controller positions for David Weekley Homes and Browning Ferris Industries. Charles Smith, the former Chief Financial Officer, continues to serve as Secretary and Treasurer of DynaResource, Inc.
DynaResource, Inc. and Mineras de DynaResource S.A. de C.V. Provide Update on Operations of its San Jose de Gracia Mine
May 9 14
DynaResource, Inc. announced that Mineras de DynaResource S.A. de C.V. is reporting delivery for sale of approximately 236 Oz. gold and 90 Oz. silver. The results were produced from mineralized material obtained during cleaning and rehabilitation mining activity at the San Pablo mine. The mineralized material was processed through the pilot mill circuit at SJG which was also recently refurbished. MinerasDyna further reported that contract mining work has provided approximately 3,000 tons of newly mined mineralized material, which is stockpiled and available for processing through the pilot mill facility. Internal assays recorded for the 3,000 tons report an average grade of approx. 12 g/t Au. MinerasDyna also reports continuing test operations of the pilot mill facility at SJG. The capacity of the pilot mill facility is currently estimated at 6 tons/hour, or approximately 150 Tons per 24 hour day. MinerasDyna plans to continue its current operations at SJG, consisting of contract underground mining at San Pablo; and delivery of mined mineralized material to the SJG Pilot Mill facility for subsequent processing and metallurgical testing. The Pilot Mill facility consists of a basic gravity-flotation circuit which has been refurbished and improved from the Pilot Mill facility operated at SJG during the 2003-2006 Period.(See "MinerasDyna; Mine Plan and Mill Operations", below). MinerasDyna will continue to manage activities at SJG under the terms of the Exploitation Amendment Agreement ("EAA") with DynaResource de México, the 100% owner of the SJG Project. DynaUSA currently owns 80% of DynaMéxico and DynaUSA owns 100% of MinerasDyna. MinerasDyna is conducting operations at SJG according to internally developed mine plans and through the internally designed SJG Pilot Mill facility which was previously operated during the 2003-2006 period. There is no preliminary economic assessment report completed for SJG so the precise cutoff grade for underground mining has not yet been determined. The operations are being funded internally by MinerasDyna and DynaUSA. The mine plan was developed from the block model of resources as defined in the DynaMéxico NI 43-101 Mineral Resource Estimate; and from the analysis of underground mining works conducted in 2003-2006. The operations at SJG are managed by Dr. Jose Vargas Lugo, President of México Operations for Mineras and DynaUSA.
Dynaresource, Inc. announced delayed annual 10-K filing
Mar 31 14
On 03/31/2014, Dynaresource, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Dynaresource Deleted From OTCBB
Feb 26 14
Dynaresource, Inc.’s common stock has been deleted from OTC Bulletin Board effective February 26, 2014 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.