Dhanoa Acquires Major Additions to Land Holdings
2007-03-08 16:15 ET - News Release
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/08/07
Dhanoa Minerals Ltd. (OTCBB: DHNA)(FRANKFURT: D7Z) is pleased to announce the acquisition of the Camillo Ponce, Camillo Ponce II, the La Lopez and La Lopez I Concessions at its Bonanza Project in Ecuador. The ground, approximately 708 hectares in area, substantially enhances Dhanoa's strategic position within the Bella Rica gold mining camp.
Dhanoa is in the process of materially expanding gold production from its three mines. As well, the Company intends to very soon acquire a major milling/extraction facility which, aside from considerable cost efficiencies, will provide ample capacity for further major gold output increases.
The mineral potential of the new Concessions, plus that in the immediate mine areas, should ensure repeated expansions, feeding the new plant over the longer term.
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
Forward Looking Statements
Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.
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