This message was posted on another site. Some interesting reading!!

"Duran Ventures is NOT dead

In a recent meeting with Jeff Reeder the future of Duran was discussed. The inability to drill Ichuna resulted from conflicts between two competing native groups within the claim block. The groups had disputed the land ownership for 30 years and an agreement could not be reached between them. When one of the two groups reneged on the land agreement with Bonaventura, the claim next to Duran, Bonaventura moved their mining camp and neither group received any land rentals. This event brought the two groups together and finally agreed to land use with Duran. Duran now has no money to drill property and the price of the stock is too dilutive to raise sufficient money for a drill program.

Duran’s activity plan:

1. Aquila:

Mr. David Prins, a civil engineer with extensive mining engineering experience both with small and large companies, has joined the company. His consulting firm provided project evaluation and management services to both precious and base metals mining companies. Mr. Prins has personally acquired a significant stock position in Duran and is committed to its success. He will be conducting an economic assessment of the Aguilla project. They plan to mine the high grade section of the ore body, thus keeping the pit substantially within the outlined mineralization. This results in highly efficient operations, moving rocks containing mineralization, with a very low stripping ratio (removal of waist rock). Once completed, the plan will be reviewed by a third party mining engineering firm and the mine sold for cash.

1. Don Pancho: Other projects will be developed via joint ventures in its various subsidiaries, thereby NOT diluting its main Aquila project. The first such deal was announced this week with signing an agreement to develop the Don Pancho project. This is a Silver-Lead-Zinc project with surface grades of 238 grams silver/tonne, 9.49% lead, and 4.15% zinc, with local manganese values of up to 10%. This property is located nine kilometres from the silver lead zinc mine being brought into production in Q4 2012 by Trevali Resources Corp. Duran will receive $280,000 cash upon signing a definitive agreement and move some of its overhead and staff onto the project , thus reducing its own cash requirements.
2. Minasonic gold-silver project: http://www.duranventuresinc.com/minasnoic.php

This project was acquired when there was a clerical over-site and the claims were not renewed by Barrick Gold Corp. Duran has since acquired the exploration data performed by Barrick in exchange for a 2% NSR. Surface rock is highly oxidized and may be heap leached. Mr. Prins who is well connected in Peru believes it is possible to finance the project into production through the use of a gold bond. This type of financing typically requires principle and interest to be paid by gold at a fixed price set at the time of the agreement.

1. Ichuña Copper Silver: http://www.duranventuresinc.com/ichuna.php

This is a very exciting project with both copper and silver samples taken from numerous surface samples. It is adjacent to one of the largest gold discoveries in Peru containing 5.6 million equivalent ounces of gold and silver. Now that the land issued has been settled and an agreement reached with the locals, this project can also proceed as a joint venture project.

1. Mamaniña: http://www.duranventuresinc.com/mamanina.php This is a highly prospective copper property with high-grade mineralization including 25 metres grading 1.65% copper starting 14 meters below surface. This property is located only 14 kilometres south of the Aquila and near the Pinoles copper deposit presently being developed and adjacent to the Aquila. This would also be a candidate for a joint venture arrangement.

A series of joint ventures would not only generate cash for Duran, as seen in the terms of the first of such planned joint ventures, but would also reduce its operating costs as its staff and overheads would be allocated to these various projects. This method of financing would allow Duran to pursue its goals on non-dilutive basis. Hopefully some of these projects would be successful and all parties and Duran shareholders would benefit.

It is my opinion that this is a credible plan. I strongly believe a small scale operation at Aquila will be highly economic. If an offer were received from a third party I believe Pinole would make a counter offer, as it would be highly beneficial for Pinole to include this deposit in its plan to bring its own deposit into production."