Company: Dinero Ventures
Stock Symbol: TSXV:DNO
Date Published: Aug 12, 2022
Transcript: Available

Video Transcript:

Dinero Ventures (TSXV:DNO), a mineral exploration company, is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “DNO”, following its initial public offering.

The company raised gross proceeds of $750,000 from the placement of 5 million shares priced at $0.15 per share.

Research Capital acted as agent for the offering.

The shares are currently bid at $0.15, with no shares offered with the company waiting for the first trade to occur.

Dinero’s material property is the Raven Property.

The company acquired a 100% undivided interest in the property pursuant to a Mineral Rights Purchase Agree with Red Eye, subject to a 1.5% NSR Royalty, with the company issuing 7 million shares at a deemed price of $0.05 per share.

The property, which covers 492 hectares, is located approximately 30 kilometres by road, southwest of Lillooet and 229 kilometres by road, northeast of Vancouver, British Columbia.

The Raven Project covers the Raven Minfile gold prospect, and the South Pallas and South Downton gold showings as documented by the British Columbia Geological Survey Branch.

Previous exploration, undertaken between 1990 and 2018, has involved approximately 481 metres of diamond drilling in 10 holes, excavator trenching, mapping, rock geochemistry, and reconnaissance and about 25.3 line kilometres of grid soil geochemistry.

The initial discovery in 1990 consisted of pyrite float containing 12.2 grams per tonne gold, found on the main logging road along Downton Creek.

The float was traced upslope utilizing soil geochemistry, which located a boulder consisting of quartz vein material with 1 to 3 millimetre blebs of native gold hosted by altered greenstone and an in-situ quartz vein which assayed 3.5 grams per tonne gold from a grab sample.

In 2011, the 600 metre long zone of gold mineralization at the Raven prospect was extended to a strike length of 1.9 kilometres within the current project area, with 10.8 grams per tonne gold over 2 metres from the South Pallas showing in the northwestern property area and 5.95 grams per tonne gold from a grab sample at the southern limit of known mineralization.

Grab samples over a 20 metre by 35 metre area have returned 12,109 and 44.41 grams per tonne gold, and chip samples of 100.62 grams per tonne gold over 0.5 metres and 0.98 grams per tonne gold over 0.6 metres were obtained in 2015.

For more information, please contact Randolph Kasum, CFO, at 250-615-8892 or email RKasum@hotmail.com