DOT Resources Ltd. (TSX VENTURE: DOT) ("DOT" or the "Corporation") is pleased to announce that it will be expanding its 2009 diamond drilling program on its 4,800 acre, 100% owned Dot porphyry copper +/- molybdenum, gold, silver property located 17 kilometres south of the Highland Valley Mining District, in south-central British Columbia.

The previously announced 2009 diamond drilling program has been completed. The planned program consisted of drilling up to 10 holes for a total 3,000 metres ("m"). The actual program completed was 11 holes for a total of 3,400 m. The holes drilled ranged in depths from 250 to 450 metres.

Of the 11 holes drilled, 5 were on the Southwest Zone, 4 on the West Zone and 2 on the Northwest Zone. While limited assay results have been received from 6 of the 11 holes, the data has yet to be compiled and interpreted.

DOT anticipates expanding the drilling program by at least 900 m (3 holes). Given success, additional holes could be drilled. The first of the holes to be completed in 2010 was collared on January 8, 2010.

"We are very encouraged by the visual inspection of core from our diamond drilling program," stated John J. Komarnicki, Chairman and CEO of DOT. "As a result, DOT has decided to continue this drilling program into 2010 to take advantage of drilling what we believe to be other highly perspective targets."

It is anticipated that the analytical results will be received and interpreted before the end of January. Once completed, the detailed results will be made available thereafter.

The objective of the ongoing drilling program is to test geophysical targets that are interpreted to be areas of copper mineralization. DOT's current independent reported NI 43-101 mineral resource base at a 0.20% copper cut-off is 4.47 million tonnes of Indicated resource grading 0.42% copper, 2.90 g/t silver, 0.04 g/t gold and 0.01% molybdenum (0.56% copper equivalent) and 2.39 million tonnes of Inferred resource grading 0.4% copper, 2.89 g/t silver, 0.03 g/t gold and 0.004% molybdenum (0.51% copper equivalent) (see DOT News Release dated May 27, 2009).

ABOUT DOT

DOT is a Canadian corporation currently focused on the exploration and development of its copper property in central British Columbia. The Corporation is planning to assess future copper and copper-gold properties for exploration and development opportunities throughout North and South America.

DOT shares trades on the TSX Venture exchange under the symbol DOT. The Corporation's website can be accessed at www.dotresourcesltd.com.

Elmer B. Stewart, MSc. P. Geol., a Director of DOT, is the Corporation's nominated Qualified Person responsible for monitoring the supervision and quality control of the programs completed within the Dot Project. Mr. Stewart has reviewed and verified the technical information contained in this news release.

Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, the statement concerning the expanded drilling program and other factors or events described in this news release should be reviewed as forward-looking statements to the extent they involve estimates thereof.

Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the inability to complete the expanded drilling program as anticipated; general market conditions and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Corporation has attempted to identify important factors that could cause actual events or results to differ materially from those described in forward-looking statements, there may be factors that cause actions, events or results not to be as anticipated, estimated of intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements should these beliefs, estimates and opinions or other circumstances change, except as required by applicable law. Investors are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

Contacts: DOT Resources Ltd. Elmer B. Stewart Qualified Person +1 (403) 680-9584 DOT Resources Ltd. Ihor P. Wasylkiw Chief Information Officer +1 (403) 264-2647 DOT Resources Ltd. Don D. McKechnie Chief Financial Officer + 1 (403) 264-2647

(TSXV:DOT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse
(TSXV:DOT)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse