January 21, 2010
Dentonia Resources Ltd. (“the Company”) is pleased to announce that further to its News Release of January 7, 2010, the TSXV has accepted for filing the Second Option Agreement where under Dentonia has the right to earn an additional 49% interest in the Stafford Tungsten Project (formerly known as the Knight Inlet Project) (62 claim units) for a total 100% interest in the project. The Optionors, Ronald William Olynyk and Dan Cardinal, have also relinquished a 2% NSR, thereby leaving themselves with a 2% NSR. The terms of the Second Option Agreement are for $75,000 and 700,000 shares in three equal installments as follows:
- $25,000, 200,000 shares and transfer of all 62 claims to Dentonia upon TSXV acceptance;
- $25,000 and 200,000 shares on July 1st, 2010; and
- $25,000 and 300,000 shares on December 31, 2010.
About the Stafford Tungsten Project
Assay results from a quartz-garnet (skarn tungsten) showing on the property (see News Release dated June 22, 2009) show 1.314kg/t tungsten with 0.123% copper and 2.53g/t silver over 32m, including 4.66kg/t tungsten over 4m (16m – 20m). The discovery showings were located within an area of mineralization, 34m – 60m, and were exposed by the construction of a logging road.
Results of 25 rock panel samples taken from the tungsten showing on the 30,421.79-hectare Stafford Tungsten Project (see News Release dated October 14, 2009), assayed by the X-Ray Fluorescence/Fusion method, averaged a value of 1.59% tungsten (“W”), which equates to 2.01% tungsten trioxide (“WO3”).
Knight Inlet is located approximately 80kms north of Campbell River, mainland BC. Access is by boat, seaplane or helicopter to Fraser Bay, at the head of Loughborough Inlet. The Stafford Tungsten Project can be reached either by helicopter or by an 11km-logging road inland from Fraser Bay. A NI 43-101 compliant technical report, prepared by James A. Turner, P.Geo, an independent consultant, with respect to the Stafford Tungsten Project can be found on Sedar at www.sedar.com or the Company’s web site at www.dentonia.net.
Dentonia Resources Ltd. is a Canadian mineral exploration and development company with a portfolio of diverse exploration projects consisting of diamond and tungsten prospects, located respectively, in the Northwest Territories and British Columbia, Canada.
For further information, please contact Adolf Petancic, President at (604) 682-1141.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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