COPPER-GOLD: Dundee cuts new high grade zone at Chelopech mine

BULGARIA – Toronto-based Dundee Precious Metals has cut a new high grade copper-gold zone at its Chelopech mine 70 km east of Sofia. The new 153 zone is located near existing infrastructure in the upper levels of the mine’s Western area. The first two drill holes to be assayed returned the following:

• 84.0 metres grading 13.58 g/t Au and 2.87% Cu, including 46.5 metres at 22.09 g/t Au and 4.26% Cu.
• 16.8 metres at 6.60 g/t Au and 1.86% Cu, including 6.7 metres at 13.50 g/t Au and 3.73% Cu.

The 153 zone is open to the northeast, above and about 100 metres below the 440 level. It is hosted in a board silica envelope alteration zone. The alteration zone had been outlined between the 230 and 560 levels and considered to have continuing exploration potential. The Chelopech mine has operated since 1954, and Dundee acquired its 100% interest in 2003. It operates at over 2.0 million tonnes of ore annually and has the potential to expand to 2.5 million tonnes. Additional information is posted at www.DundeePrecious.com.