Dunav Resources Ltd. (TSX.V: DNV), a Canadian-based mineral exploration company, is focused on the acquisition, exploration and development of mineral properties in southern Serbia. Dunav's main projects are the Tulare Copper-Gold Porphyry Project which includes the Kiseljak and Yellow Creek deposits, and the Dergmen Gold-Copper Porphyry Project.
Dunav has been conducting exploration activities on its Tulare Project since May 2011. In June 2014, Dunav announced an updated mineral resource estimate for the Kiseljak deposit and an initial mineral resource for the Yellow Creek Project. The combined Kiseljak and Yellow Creek mineral resource estimate prepared by AMC Consultants Limited (UK) has been estimated at 547 million tonnes grading an average of 0.23% copper and 0.22g/t gold in the inferred resource category, for 2.8 billion pounds of copper, and 3.8 million ounces of gold, using a 0.15% copper equivalent ("CuEq") cut-off and an open pit mining scenario for Kiseljak and a 0.30% CuEq cut-off and a bulk underground mining scenario for Yellow Creek. View "Resource Summary Table"
The licence for the Dergmen Project was acquired in 2012. Dunav has completed an exploration diamond drilling program at Degrmen and has successfully identified near surface, gold-copper porphyry-style mineralization over 1,000 meters by 350 meters and to a currently defined depth of approximately 400 meters; mineralization remains open at depth. Dunav has also been conducting grassroots exploration on other projects.
Dunav's Projects in Serbia are well located to access both major transportation corridors and the markets. The fiscal regime in Serbia is highly supportive of the extractive industries with a 15% corporate tax rate and a 5% NSR royalty. The Dunav's exploration team has been operating in Serbia since 2004.