TORONTO, ONTARIO, Jul. 21, 2010 (Marketwire) -- Duran Ventures Inc. (TSX VENTURE:DRV) is a Canadian-based junior exploration and development company that is focused on large-tonnage mineral deposits in Peru. Its flagship project is its past-producing Aguila copper-molybdenum property in the region of Ancash, in northern Peru.
The Company's owns 100% interests in seven base metals properties, all at various stages of exploration and development drilling, and none subject to underlying royalties or government restrictions or payments.
Duran's real interest is on developing its recently-acquired gold property (Minasnoic), which it won out in a government auction over Barrick Gold Corporation and another interested private party, both of which had conducted exploratory work on the 1000-hectare property.
In order to concentrate on Minasnoic, Duran is interested in joint-venturing the development of its base metals properties (one j.v. recently completed). This could interest mining giant Minera Penoles de Peru S.A. which has significant properties near by.
With a market cap of $15 million, the shares are suitable for risk-tolerant investors. We rate the shares as a Speculative Buy, with a 12-monthTarget Price of $0.28 per share.
This Press Release was prepared by eResearch and was not vetted by Duran Ventures Inc. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Duran Ventures Inc.
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