Dominion Minerals Corp. is a U.S. based copper and gold exploration and development company with a primary focus on Panama. The Company's most advanced asset is the Cerro Chorcha Copper Project, located in both the Chiriqui and Bocas Del Toro Provinces. On April 14, 2009, the company acquired 100% interest in Cuprum Resources Corp. ("Cuprum") and the Cerro Chorcha Copper Project from Bellhaven Copper & Gold Inc. An updated NI 43-101 for Cerro Chorcha was released in September 2008.
Panama has an abundance of natural resources, a healthy economy, political stability and a strong democracy. It is also highly prospective for both copper and gold. Cerro Chorcha is Panama's third largest undeveloped porphyry complex. It is open at depth and laterally. A 10,000 meter drilling program, announced in October 2008 will commence in the third quarter of 2009. The drilling will further define the depth of the high-grade zone and will have a step-out component. The Company has also included highly prospective adjacent targets to this zone in the drill program.
Dominion understands that it has significant social responsibilities particularly to the local communities adjacent to Cerro Chorcha. Cuprum has a signed an exploration agreement and enjoys a very strong working relationship with the Ngobe people.
In addition, Dominion has been active in China where it has a comprehensive Joint Venture Agreement with the Tianjin Institute of Geology and Mineral Resources ("TIGMR"). Dominion owns a 70% interest in this joint venture company. Projects are currently being evaluated in Inner Mongolia and the Xinjiang autonomous regions. In addition, potentially world-class copper-gold targets in the Tien Shan Belt are under review. Dominion will be initially focusing on four key copper/gold targets which exhibit the most potential.
Dominion's shares began trading on the OTC Bulletin Board on September 26, 2008 under the symbol DMNM.
Forward-Looking Statement Disclaimer
This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address continuing to Canada, exchange listing application, additional financing, seeking and acquiring new projects and gaining recognition are forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the market price of gold, general economic conditions, market and business conditions, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to the Company's plans at its mineral properties, the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal recoveries, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis, the effect of hedging activities, including margin limits and margin calls, regulatory restrictions, including environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees.
Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. In addition, the Company's business and operations are subject to the risks set forth in the Company's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are available through EDGAR at http://www.sec.gov/. These are among the primary risks we foresee at the present time. The Company assumes no obligation to update the forward-looking statements.
