Dhanoa Minerals Ltd. Models New Facility and Engages Private Equity Firms

    TORONTO, November 5 /CNW/ - Dhanoa Minerals Ltd. (OTC: DHNA)(Frankfurt:
D7Z) announced today that it has completed interconnecting the company's
Mollopongo, Guanache and Bonanza mines in Ecuador, South America. Analysis of
scope, logistics and estimates of costs and cost effectiveness and volume of
ores have caused the company to model a larger centralized production

    This new model would change the Company's current operation from a
maximum 100 ton per day operation of 8 gram gold ore (8,600 ounces of gold per
year) to 300 ton per day plant producing 8 gram gold (25,800 ounces of gold
per year) and 1000 tons per day of 3 gram gold (32,000 ounces of gold per
year). The Company believes that if its current assessments are accurate the
proposed changes are to take advantage of the robust gold and commodity cycle
and to avoid the costs associated with maintaining our existing dated

    The Company believes that its return on investment from these changes may
offer significant new opportunities. If these assessments are accurate and if
current market pricing conditions continue, the installation of the new, state
of the art equipment may allow the Company the ability to produce more gold.

    The Company believes that this planned modular designed plant may be more
environmentally friendly than the cyanide system that the Company currently
uses. With the new equipment, the values from the leach solution will be
collected using ion-exchange resins. The loaded resin will then be transported
to a central location for the recovery of precious metals. In processing this
way we will have much higher level of security during transport and recovery.

    Lee Balak, President and C.E.O., stated, "These efforts, when
implemented, will accelerate Dhanoa to our initial goal of 100,000 ounces of
production per year." The company would also like to report that our permitted
mines meets or exceeds the mining compliance requirements of Ecuador.

    The Company also reported that it has engaged the services of World Stock
Exchange, LLC, to provide financial advisory services. www.worldstockex.com

    This press release contains "forward-looking statements." Forward-looking
statements are statements concerning plans, objectives, goals, strategies,
expectations, intentions, projections, developments, future events, or
performance, underlying (expressed or implied) assumptions and other
statements that are other than historical facts. These forward-looking
statements are only predictions. No assurances can be given that such
predictions will prove correct. Actual events or results may differ
materially. Forward-looking statements should be read in light of the
cautionary statements and risks that include, but are not limited to, the
risks associated with a small company, our comparatively limited financial
resources, the extent to which gold price market trends may continue, and the
uncertainties of competitive pressures we face. These or other risks could
cause actual results to differ materially from the future results indicated or
implied in such forward-looking statements. We undertake no obligation to
update or revise such statements.

For further information:

For further information: Dhanoa Minerals, Ltd. Lee A. Balak,
416-838-4348 Chief Executive Officer and President or Princeton Research, Inc
Mike King, 702-650-3000 or Dedicated Marketing Chris Roundtree, 972-731-5112
ext 101

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890