Dana Resources (DANR)

Description:

Dana Resources was organized under the laws of the State of Wyoming on July 21, 2006 under its former name DanaPC.com. It is an exploration stage Company engaged in the exploration and mining of mineral properties in Peru, South America. On June 3, 2008, the Company purchased 19 patented and unpatented base and precious metal mining properties located in the provinces of Chumbivilcas, Recuay, Piura, Huaytara, Pallasca, and Huancabamba, Peru, from SMRL Angelo XXI, a Peruvian corporation. The Collota project is located in northern Peru, in the District of Catac, province of Recuay, department of Ancash, on the eastern side of the Cordillera Negra mountain range, within the same location as the landmark Pierina gold mine operated by Barrick Gold. The project is 45 km south of the city of Huaraz, lying at an elevation between 4,100 and 4,600 meters above sea level. The project consists of 6 mining properties which cover a total surface area of 1900 hectares or 4694.9 acres. The area is accessible from Lima by traveling through Lima, Huaraz, Conococha, Pumahuain, and Collota by combination of highway (Panamericana (North), paved secondary road and variable compacted mining road. The Locroja project consists of one property located in southern Peru, district of Santo Domingo de Cappelle, province of Huaytará, department of Huancavelica. It is accessible via the Panamericana (south) highway from the city of Ica followed by a combination of paved and compacted roads. Las Horquetas Project consists of one mineral property located in northern Peru, at the town of Las Horquetas in the Las Lomas District, Province of Sullana, Department of Piura. he project is approximately 1108 kilometers from Lima, resting at an elevation between 184 to 250 meters above sea level. It is accessible by the Panamericana (north) highway from Lima followed by a series of paved and variable compacted dirt roads. The Infernillo project consists of four properties located approximately 76 km north east of Santo Tomás, district of Chamaca, Province of Chumbivilcas, Department of Cusco, at an elevation of 4000 meters above sea level. The property is approximately 1315 kilometers from Lima, and is accessible by a combination of paved highway, paved secondary roads and compacted back roads. The Turmalina Project consists of two properties touching upon the districts of Canchaque and San Miguel De El Faique (known as the Cerro Minas region) province of Huancabamba, Department of Piura, at an average elevation of 2,840 meters above sea level. The Chicama Gold prospect is located within the mining district of Bolognesi, in the Province of Pallasca, department of Ancash, in northern Peru. The Company competes with other mineral resource exploration companies for financing and for the acquisition of new mineral properties. Any operations at its mineral concessions would be subject to various laws and regulations in Peru which govern prospecting, development, mining, production, exports, taxes, labor standards, occupational health, waste disposal, protection of the environment, mine safety, hazardous substances and other matters.