updated 3/3/2011 9:46:11 AM ET 2011-03-03T14:46:11

CARSON CITY, Nev., March 3, 2011 (GLOBE NEWSWIRE) -- Dr. Stewart Jackson, Ph.D., P.Geol., the President and CEO of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) is pleased to announce that it has optioned an extensive package of 136 claim units covering a series of nickel-cobalt-gold-platinum group element prospects in ultramafic rocks, and a series of gold prospects in an extensive conglomerate unit. The property lies 35 km northwest of Thunder Bay, Ontario near the town of Kakabeka Falls. It has both good road access and a nearby power source.

Denarii intends to work on several prospecting programs, including drilling to target for three types of geological conceptual targets:

  1. Shebandowan type high grade nickel-cobalt-gold-platinum sulphide deposits
  2. Disseminated nickel sulphides of Mount Keith type with bulk tonnage potential
  3. Gold mineralization within an extensive conglomerate unit; of potential open-pit bulk tonnage configuration.

The property has no known mineral resources or reserves, and has undergone only limited exploration. There can be no assurance that any mineral resources or reserves will be located on the property, and that if found that such minerals may be economically recovered.

This press release has been prepared by Stewart A Jackson, Ph.D., P.Geol. a Qualified Person.

About Denarii Resources, Inc.

Denarii Resources Inc. is a mineral resource exploration and development company holding a 100% interest in the McNab Molybdenum property located in Southwest British Columbia, Canada. Denarii is targeting properties that have the potential for early positive cash flow. Denarii is presently reviewing a number of precious metal properties that are near to, or in production, located in North, South and Latin America. Denarii, founded in 2006, is based in Carson City, Nevada.

For more information, please visit www.denariiresources.com

Forward-Looking Statements

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 www.denariiresources.com

CONTACT: Dr. Stewart Jackson, President

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com