CALGARY, ALBERTA--(Marketwire - July 26, 2012) - DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation") announces that it is currently planning the next phase of its exploration program which it anticipates will include further geophysical surveys and diamond drilling on its 100% owned Dot copper porphyry property (the "Property") located 17 kilometres south of the Highland Valley copper porphyry district in Central British Columbia, Canada.
Pursuant to an independent National Instrument ("NI") 43-101 compliant report titled, "Technical Report On A Diamond Drill Program And Mineral Resource Estimate For DOT Resources Ltd's Dot Property" (the "Aurora Report") dated November 30, 2010 prepared by Aurora Geosciences Limited ("Aurora"), Aurora recommended that an exploration program consisting of further geophysical surveys and diamond drilling be conducted in order to expand the copper resource base of the Property and to improve the confidence in the stated resources.
DOT has been reviewing these recommendations and is in the midst of formalizing its next phase of exploration based on these recommendations.
John J. Komarnicki, DOT's Chairman and CEO stated, "We have been working towards implementing a follow-up exploration program to our previously successful program which resulted in a significant increase in NI 43-101 copper resources. In addition, we are assessing a number of opportunities to acquire and/or farm-in on complimentary properties to our DOT property."
DOT is a Canadian corporation focused on the exploration and development of its copper porphyry property in central British Columbia. DOT is planning to assess additional copper and copper-gold properties for exploration and development opportunities throughout North and South America.
DOT owns a 4,800 acre, 100% controlled porphyry copper +/- molybdenum-gold-silver property located 17 kilometres south of the Highland Valley Mining District, in central British Columbia.
The Corporation's common shares trade on the TSX Venture Exchange under the symbol DOT. DOT's website can be accessed at www.dotresourcesltd.com.
Elmer B. Stewart, MSc., P. Geol., DOT's Qualified Person as defined by NI 43-101 has reviewed the technical information contained in this news release.
Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and United States 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, any statements concerning the timing, content and success of future exploration, geophysical surveys and acquisitions or the ability to obtain funding to complete same and other factors and events described in this news release should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". 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, exploration timing and results, geophysical survey results, the availability of capital to fund exploration activities and acquisitions and the resulting dilution caused by the raising of capital through the sale of shares, the effects of a recessionary economy 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 actions, events or results to differ materially from those described in forward-looking statements, there is no certainty that additional exploration will locate additional resources and that there may be other factors that cause actions, events or results not to be anticipated, estimated or 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, assumptions, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. 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.