Rakita

Dundee Precious Metals Files Technical Report on the Čoka Rakita Gold Project

Retrieved on: 
Wednesday, January 24, 2024
Rakita, DPM, TSX, News, Resource, Technical report

TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced that the Company has filed a technical report for its Čoka Rakita gold project in Serbia.

Key Points: 
  • TORONTO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced that the Company has filed a technical report for its Čoka Rakita gold project in Serbia.
  • The purpose of the report was to support the maiden Mineral Resource estimate for Čoka Rakita, as previously disclosed in the Company’s news release dated December 11, 2023.
  • The technical report has been prepared pursuant to the Canadian Securities Administrator’s National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
  • The technical report and the December 11, 2023, news release are both available for review on SEDAR+ ( www.sedarplus.ca ) and on the Company’s website ( www.dundeeprecious.com ).

Dundee Precious Metals Announces Acquisition of Osino

Retrieved on: 
Monday, December 18, 2023
TSX Venture Exchange, Resource, Government, PIN, CapeNature, Committee, Arrangement, DPM, Consideration, Multilateral, ESG, Twin, Capital, Tax, Private, Hand, Mining, BMO Capital Markets, Transaction, Engineering, Webcast, Toronto Stock Exchange, VWAP, LLP, Acquisition, Gold, OSI, Rakita, TSX, Minority, Security (finance)

Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.

Key Points: 
  • Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.
  • David Rae, President and Chief Executive Officer of Dundee Precious Metals, made the following comments in relation to the Osino acquisition:
    “Twin Hills represents a unique opportunity to add a high-quality development asset in an excellent mining jurisdiction to our portfolio.
  • The Board of Directors of Osino (the “Osino Board”) appointed a special committee of independent directors (the “Special Committee”) to consider and make a recommendation to the Osino Board with respect to the Transaction.
  • Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote in favour of the Transaction.

Dundee Precious Metals Announces High-Grade Underground Maiden Mineral Resource Estimate of 1.8 Million Inferred Gold Ounces at its Čoka Rakita Project in Serbia

Retrieved on: 
Monday, December 11, 2023
Database, Mineral Resources Limited, Economics, Resource, MRE, Gold, Inference, Rakita, Growth, TSX, PEA, Mineral, MSO, DPM, Uranium mining

TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce a maiden Mineral Resource Estimate of 1.78 million ounces for its 100% owned Čoka Rakita gold project in eastern Serbia, where DPM announced a high-grade discovery in January 2023.

Key Points: 
  • TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) is pleased to announce a maiden Mineral Resource Estimate of 1.78 million ounces for its 100% owned Čoka Rakita gold project in eastern Serbia, where DPM announced a high-grade discovery in January 2023.
  • Strong maiden Mineral Resource estimate: Inferred Mineral Resource estimate (“MRE”) of 9.79 million tonnes (“Mt”) at a grade of 5.67 grams per tonne (“g/t”) for 1.78 million ounces of gold.
  • “The initial Mineral Resource estimate marks a significant milestone for DPM’s future growth and confirms Čoka Rakita’s potential as an attractive, high-quality gold project,” said David Rae, President and Chief Executive Officer of Dundee Precious Metals.
  • Material within the reporting MSO constraints (smoothed) was classified as Inferred Mineral Resources according to Mineral Resource confidence categories defined in the CIM Definition Standards for Mineral Resources and Mineral Reserves.

Dundee Precious Metals Announces Discovery of Significant High-Grade Deposit at Čoka Rakita; Results Include Drill Intercept of 40 metres at 63.6 g/t Au and 0.11% Cu

Retrieved on: 
Monday, January 16, 2023
Particle size, Fracture, Resource management, Rakita, Element, PQ, Intercepting filter pattern, Mineral, Grain, Porosity, SGS, Timok, Growth, Geology, HQ, AAS, NQ, Gold, QAQC, Mining, Iron ore, Limestone, Table

Plans include extending holes from the current phase of drilling at depth to delineate the extents of deeper strata-bound conglomerate-hosted copper-gold mineralization.

Key Points: 
  • Plans include extending holes from the current phase of drilling at depth to delineate the extents of deeper strata-bound conglomerate-hosted copper-gold mineralization.
  • 1)  Intercepts shown above for RADD023 and RIDD002 are not included in Tables 1 and 2, and start at 399 metres downhole and 493 metres downhole, respectively.
  • Drill core samples are shipped to the Company’s own exploration laboratory in Bor, Serbia, which is independently managed by SGS.
  • The flotation testwork consisted of a series of froth flotation tests on each of the composites at a range of grind sizes.

Dundee Precious Metals Achieves 2022 Gold Production Guidance; Announces Timing of Q4/22 Financial Results

Retrieved on: 
Tuesday, January 10, 2023
News, Environmental impact assessment, Resource management, Rakita, Mineral, Government, DPM, Copper, MD, PIN, Instability, SEDAR, Life, Chelopech, Gold, Renewable energy, Mining, Cerro de la Loma Larga

Ada Tepe achieved its highest quarterly production of the year in the fourth quarter of 2022, producing approximately 28,100 ounces of gold.

Key Points: 
  • Ada Tepe achieved its highest quarterly production of the year in the fourth quarter of 2022, producing approximately 28,100 ounces of gold.
  • In 2022, Ada Tepe produced approximately 94,000 ounces of gold, which was towards the higher end of its annual production guidance for the year.
  • In the fourth quarter, Chelopech produced approximately 45,300 ounces of gold and 7.4 million pounds of copper.
  • The Company plans to release its fourth quarter and full-year 2022 operating and financial results after market close on Thursday, February 16, 2023.