MONTREAL, QUEBEC--(Marketwired - June 13, 2016) - Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that the Ministry of Energy and Mines (MEM) recently carried out a due diligence inspection of the Veta Dorada 300-tpd ore processing plant in Chala (Peru). They have officially approved the construction and issued an affidavit that states that the plant is compliant with the Peruvian regulations that are applicable to medium and large mining companies.
The Corporation finished the construction of the Veta Dorada plant in May 2016 (see Press release dated May 25, 2016). Jean Martineau, CEO and President of Dynacor Gold Mines has stated, "We are very pleased to have received an official approval from the MEM soon after finishing the construction of the plant. Commissioning of the plant is underway and will be finished in the next few weeks. We expect to begin operating the plant in Q3-2016 as soon as the operating permit has been received."
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor's basic share count at 37.4 million outstanding is in the lowest quartile of the resource sector. The Corporation's assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85.000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation is currently commissioning its new 300 tpd ore processing plant in Chala (Southern Peru) and expects to begin operations during Q3-2016. This new plant represents an important milestone for the Corporation's future growth. The Corporation's strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
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, 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.
Dynacor Gold Mines Inc. (TSX: DNG)
Shares outstanding: 37,428,911