Dynacor Gold
Mines Inc. (
dynacor )
Symbol : DNG
Toronto Stock Exchange (TSX)
Dynacor
Gold Mines increases its gold production capacity
Montr�al, Qu�bec, April 16, 2008 � Dynacor Gold Mines Inc.
(Dynacor TSX:DNG) is pleased to announce that gold sales from the Company's
custom milling operations at Acari reached 7,271 ounces during the first
three months of 2008 showing a 69% increase as compared to the 4,311 ounces
of gold sold during Q1 2007.
As previously announced
(see Press Release dated January 16, 2008) the Company plans to gradually
increase the ore milling capacity at its Acari plant to 150 tons/day during
2008. Phase 1 of this increase has now been completed and the Acari mill
now has a daily capacity of 120 tons/day. It should be underlined that the
Company has over the last two years doubled the capacity of the mill from an
initial capacity of 60 tons/day.
During the month of
February the Company installed a new additional ball mill (5.5x6ft) and a
new 16x16ft. cyanidation tank. Both of these new pieces of equipment have
been tested and are now fully operational. Installation of the Merrill
Crowe unit is now completed and this equipment is undergoing extensive
testing before being commissioned. Once it is operational it will
enable the Company to further increase its production capacity.
Finally, Dynacor has opened a new gold ore purchasing office in
Espinar/Cusco some 770 km south of the Acari where many new gold mining
operations have emerged in the last two years.
Based on the Acari plant's current 120 tons per day milling capacity the
Company is confident that it can produce more than 30,000 ounces of gold in
2008, through its custom milling operations. Furthermore, exploration and
drilling of the Company's Tumipampa property is actively underway and
Dynacor's expects to be able to report further drilling data for this property
in the near future.
Iv�n Quiroz, Vice President Operations and Director, is a mining
engineer and metallurgist, and a member of the Collegio de Ingenieros del
Per�. He is Dynacor Gold's "Qualified Person" and is responsible
for the technical information contained in this press release. Thus, Mr.
Quiroz can testify to the precision and exactitude of the data and the
mining and geological knowledge of the Acari plant, as required by National
Instrument 43-101 and its annexes with respect to the reporting and content
of this press release.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company, that has been active
in Peru through its subsidiaries since 1996. The Company's assets include
the Acari, Casaden and Tumipampa exploration properties. The Acari mill
produces gold by custom milling. Dynacor's strength and competitive
advantage comes with the experience and knowledge the Company has developed
while working in Peru. Its pride remains in maintaining respect and
positive work ethics toward its employees, partners and local communities.
FORWARD-LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking
statements, which involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of
Dynacor Gold, or industry results, to be materially different from any
future result, performance or achievement expressed or implied by such
forward-looking statements. These statements reflect management's current
expectations regarding future events and operating performance as of the
date of this news release.
For more information, please contact :
|
Jean Martineau,
President & CEO
Dynacor Gold Mines Inc.
514 288-3224
|
Christina Lalli
Investor
Relations
Dynacor Gold Mines Inc.
514 288-3224 ext. 224
|
Renmark Financial Communications Inc.
James Buchanan : jbuchanan@renmarkfinancial.com
�ric St-Pierre : estpierre@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com