CARSON CITY, Nev., Oct. 21, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) are pleased to announce that the legal, accounting and technical professionals for the company have completed their due diligence on the overall business analysis of a potential gold producing property in North East California, USA. A positive recommendation is presented to the board and management is proceeding to complete an agreement to acquire the property.
The property, which is located in a mining district that has produced since the late 1800's, has a NI 43-101 Canadian Compliant report that refers to the initial potential production of more than 200,000 ounces of gold. The professional exploration geologists that DNRR have retained are particularly interested in the existing structure which lends itself to significant additional gold ounces potential. They will present a detailed exploration program that will include 10,000 feet of diamond drilling.
Stuart Carnie, the president of Denarii Resources Inc., states, "After many months of research of a multitude of potential gold producing properties throughout North and South America this is the one property that we can operate 12 months of the year, has a very solid labor force within one hour, has existing infrastructure in place and has equipment that can be refurbished on site to begin producing almost immediately. We are working to complete an agreement as quickly as possible."
Denarii Resources Inc. is continuing to move forward with researching and acquiring multiple assets that will generate positive cash flow for the company. Further news regarding this and other properties will be made available on a timely basis.
About Denarii Resources, Inc.
Denarii Resources, Inc. engages in the exploration and acquisition of mineral and resource properties in North and South America. It currently owns interest in the McNab Molybdenum property, which consists of 2 mineral claims containing 16 cell claim units totaling an area of 334.809 hectares in British Columbia. It has entered into an agreement to acquire two coal concessions in Chile. The Company is actively seeking additional properties to acquire. The company was founded in 2006 and is based in Carson City, Nevada. The Company maintains a website at www.dnrrinfo.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its web site at www.dnrrinfo.com.