Carson City, NV (PRWEB) March 31, 2010
Denarii Resources Inc. (OTCBB: DNRR) (Berlin:8D3) (Frankfurt:8D3), the board of Directors of Denarii Resources Inc. are pleased to announce that it is informed that the Lota Bay Coal Recovery Project in Chile did not sustain significant damage from the major earthquake that struck Chile on February 27, 2010, followed by a number of major aftershocks. The earth quake followed by a number of major after shocks centered less than 100 kilometers from Lota Bay caused major damage to the area. However the area surrounding Denarii’s project suffered only minor damage that will not interfere with company’s project development.
The company expects to have a full damage report before the end of March and will immediately proceed to complete the purchase agreement of September 29, 2009.
About Lota Bay Coal Concession
Previous owners of the initial Lota Bay Coal Concession completed extensive development work and calculated recoverable drilled reserves of 275,000 tonnes and a further estimated probable reserve of 90,000 tonnes.
About Denarii Resources, Inc.
Denarii Resources Inc. is in the mineral resource exploration and development business and currently owns a 100% interest in the McNab Molybdenum property located in South-West, British Columbia, Canada. Denarii has also entered into an agreement to acquire two coal concessions in Chile, South America. Denarii is continually moving forward with researching and acquiring multiple assets that it hopes will generate positive cash flow for Denarii. Denarii is presently reviewing a number of precious metal properties. These properties are near or in production Gold and Silver properties located in North, South and Latin America. Specifically included in the companies due diligence is a Gold property in South-East California and a Gold, Silver and Copper property in South America, as previously announced in other corporate news releases. Denarii was founded in 2006 and is based in Carson City, Nevada. For more information, please visit http://www.dnrrinfo.com.
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 website at http://www.dnrrinfo.com.
Contact: Denarii Resources, Inc. Dennis Lorrig, President 1-949-335-5159