Increasing Test Mining and Milling Operations by + 800% since 2016.
Dedicated to Protecting and Maximizing Shareholder Value, with Minimal Share Dilution
DynaResource, Inc. Announces Executive Leadership Change.
Mr. Rohan Hazelton Appointed as President, CEO, Interim CFO and Director of DynaResource, Inc.
DynaResource Snapshot
- DynaResource, Inc. commenced test mining and milling operations in San Jose de Gracia (“SJG”) in 2015, at the rate of approximately 70-100 tons per 24-hour day.
- The latest phase of increase in test mining tonnage and mill expansion capacity provides the capability to process more than 800 tons per 24-hour day during the first quarter of 2024. An additional mine opened in May 2024, and is anticipated to increase capacity to 1,000 tons per 24-hour day in the second half of 2024.
- From 2016 to March 31, 2024, test mining and test milling operations generated over $165 million in total revenue; including more than $39 million in total revenue in 2022, $35 million in 2023 and $9.4 million for the quarter ended March 31, 2024.
- A December 31, 2012 CDN NI 43-101 Technical Report and Resource Estimate for SJG; described an estimated underground resource, at 2 g/t Au cutoff grade, of 1.150 million ounces gold.
- After conducting a $2.5M USD exploration program in 2022; in March 2023, the Company compiled an internal bulk tonnage resource estimate at SJG, using .2 g/t Au cutoff grade, which described a bulk tonnage resource of 1.050M Oz gold. The internal bulk tonnage resource was compiled under CDN NI 43-101 standards and authorized by a “Qualified Person”, as defined in CDN NI 43-101.
- The Company plans continuing exploration programs in order to define more thoroughly the estimated underground resources, and the estimated bulk tonnage resources at SJG.
- High-grade gold resource areas defined in the December, 2012 resource estimate are currently being test mined.
- We continue to explore additional high-grade gold areas at SJG in order to increase test mining tonnage, and in order to define additional gold resources.
The DynaResource Dynamic Business Plan
Immediate and intelligent growth.
We’re building today and for the future. We’re uncovering SJG’s world class, vast potential using best practices in test mining, milling, and exploration drilling.
Maximize asset value.
We’re focused on providing shareholders with sustainable value immediately and dynamic growth potential for the long term. The Company’s priorities are to maximize asset appreciation with minimal share dilution.
Treat everyone fairly.
We’re committed to integrity, honesty, and fairness to everyone – from
shareholders to employees to the residents of the local community of San Jose de Gracia.
San Jose de Gracia Project
(“SJG”, The “Project”)
The San Jose de Gracia project includes 9,925 hectares in northern Sinaloa State, Mexico. Gold-silver and related minerals are test mined and processed at the site, where high grade gold-silver concentrate is produced.
On average, approximately 800 tons of material is test mined and processed at the site each day.
- High-grade and bonanza-grade resources have been identified; we continue exploration drilling to further define the project’s potential for primarily gold resources.
- DynaResource employs more than 200 workers, many from the local community of San Jose de Gracia. We’re more than a major employer; we’re invested in the SJG community. With our support, a medical facility was constructed and donated to the community. We are creating a positive impact for local residents of SJG.
History
1828
Gold is discovered on the San Jose de Gracia Property.
1870
The first large-scale mining at San Jose de Gracia. More than 1 million ounces Gold were reportedly mined and produced between 1828 and 1910, when operations at SJG were halted abruptly by the Mexican Revolution.
1977
Mining resumes at San Jose de Gracia in a limited capacity. During this period the Project was attended by local owners with limited and unsuccessful attempts to produce gold.
1994– 1995
NAFTA Agreement opened the Country of Mexico to Foreign Investment, and Exploration and Mining activities by Foreign Companies increased dramatically.
2000- 2003
DynaResource, Inc. formed a subsidiary in Mexico, DynaResource de Mexico SA de CV (“DynaMexico”); and DynaMexico acquired and consolidated the 34 mining Concessions which comprised the SJG District.
2007 – 2011
Exploration Drilling at SJG defined an underground resource of 1.150 million Oz. gold, as defined in the December 31, 2012 CND NI 43-101 Technical Report and Resource Estimate.
2016
DynaResource commenced Test Mining and Test Milling Operations at SJG; and in 2022 New ball mill equipment was acquired and installed at the Mill Facility which completed the latest phase of Mill Expansion.
2022
Exploration Drilling from surface and underground was continued at SJG.
2023 - 2024
Test Mining activity is planned to open access to an additional test mining area at SJG; and The Company expects to increase the volume of test mining and test milling operations. And, continuing
exploration is being conducted in order to define additional Gold Resources, and to identify additional test mining targets.
Positive Impacts
Economic Benefits
Since 2016, the capacity of test mining and test milling has increased from 70 to 800 tons per 24 – hour day. This rapid growth in test mining has resulted in a substantial increase in revenues and the definition of a substantial increase in gold resources.
Health & Safety
At DynaResource, management and employees are family. We utilize established best practices for all company operations, and we are investing in new safety equipment to minimize risks for all company personnel and for engaged contractors and consultants.
Community Investment
DynaResource actively champions the Local Community of San Jose de Gracia. We’ve invested in the local hospital, church, school, and infrastructure to enhance the quality of life for residents of SJG.
Environmental Impact
We take our responsibility to the land and environment seriously. DynaResource follows all relevant environmental guidelines and strives to continuously improve our processes and reduce our impact to the land and environment.
Key Documents
CND NI 43-101 Technical Report and Mineral Resource Estimate for San Jose de Gracia;
DynaResource / SPM – Mexico; SJG Bulk Tonnage Resource Estimate;
2022 Drill Indicated and Inferred Resources 1.050 M Oz Gold in near Surface Resources
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