Dutch Gold Expands Core Drilling Program
Dutch Gold Resources, Inc. (PINKSHEETS: DGRI), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has been expanding the core drilling program begun in May 2007 and expects to take delivery on a new Hagby Core Drill during the month of August 2007.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, “We are pleased with the progress of our 2007 drilling program, as the results to date have been very encouraging. The new Hagby will allow us to significantly bolster productivity, doubling the rate at which we drill and increasing our data gathering efforts, while providing greater equipment reliability. We began the 2007 drilling program to further map out the resources in the Benton Mine, as less than 15% of the mine has been explored and mapped to date. Not only will the drill facilitate and expedite the process of tapping these new potential reserves, but will create further drilling redundancy allowing us to deploy the older drill now in use, as we reopen the Gold Bug Mine in 2008.”
Mr. Hollis continued, “With the addition of the Hagby drill, we have many of the pieces in place to cost-effectively run our operations and increase production that commenced earlier this year with our first shipments of gold in March. Since the beginning of 2007, we upgraded our infrastructure at the Benton Mine, which has proven and probable reserves in excess of 235,000 ounces, we installed the Knelson Concentrator to handle recently discovered free gold on our property and we installed a new Gemini Table to further clean the concentrate from the Knelson Concentrator. Moreover, our properties are within driving distance of our newly upgraded mill whose capacity has been increased substantially. Overall, we remain focused on the systematic execution of our business plan with a keen focus on enhancing the quality and quantity of our reserve base while accelerating gold production.”
The ONRAM 1000/3 Core Drill has become the driller’s choice for power and reliability. The ONRAM 1000/3 has core drilling capabilities to 1100m AQ and more commonly 600m NQ and 300m HQ. It has been customized for Dutch Gold Resources’ particular needs.
About Dutch Gold Resources, Inc.
In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words “expect,”"anticipate,”"estimate,”"project,”"forecast,”"outlook,”"target,”"objective,”"plan,”"goal,”"pursue,”"on track,” and similar expressions, are “forward-looking statements” and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
Contact: David K. Waldman Klea K. Theoharis Crescendo Communications, LLC (212) 671-1020
SOURCE: Dutch Gold Resources, Inc.