DOT Resources Ltd.
TSX VENTURE : DOT

DOT Resources Ltd.

October 26, 2009 07:00 ET

DOT Announces Commencement of Exploration Program

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2009) - DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation") is pleased to announce that it has commenced its 2009 fall exploration drilling program on its 4,800 acre, 100% owned Dot porphyry copper +/- molybdenum, gold, silver property located 17 kilometres south of the Highland Valley Mining District, in south-central British Columbia.

It is anticipated that the proceeds of the recently announced financing of approximately $850,000 will fund the planned 3,000 metre diamond drilling program. It is further anticipated that up to ten holes focused on the Southeast Zone, the West Zone, and the Northwest Zone will be drilled with hole depths ranging from 250 to 450 metres.

The objective of the drilling program is to validate new and highly perspective areas of copper mineralization.

John J. Komarnicki, President and CEO, stated "We are very pleased to be commencing our fall drilling program which we anticipate completing before or shortly after the end of 2009 with results of this program being made available thereafter. We are focusing on what we believe to be high-impact targets, those that if successful, will add significantly to our current reported NI 43-101 resource base of 4.47 million tonnes of Indicated resource grading 0.42% copper and 2.39 million tonnes of Inferred resource grading 0.40% copper, both at a 0.20% copper cut-off."

ABOUT DOT

DOT is a Canadian corporation currently focused on the exploration and development of its copper property in central British Columbia. The Corporation is planning to assess future copper and copper-gold properties for exploration and development opportunities throughout North and South America.

DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation's website can be accessed at www.dotresourcesltd.com.

Elmer B. Stewart, MSc. P. Geol., a Director of DOT, is the Corporation's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Dot Project. Mr. Stewart has reviewed and verified the technical information contained in this news release.

Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, the statement concerning the completion of the fall drilling program as anticipated and other factors or events described in this news release should be reviewed as forward-looking statements to the extent they involve estimates thereof.

Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the inability to complete the fall drilling program as anticipated; general market conditions and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking statements, there may be factors that cause actions, events or results not to be as anticipated, estimated of intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • DOT Resources Ltd.
    Ihor P. Wasylkiw
    Chief Information Officer
    +1 (403) 264-2647