• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Dutch Gold Resources Updates Recent Drilling Results

Posted on: Thursday, 4 October 2007, 09:00 CDT

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 discovered new ore bodies in previously unexplored acreage in its Benton Mine. The Company reports that it has struck multiple vein structures to the South of existing production areas following the recent deployment of its new Hagby ONRAM 1000/3 Core Drill.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "Our geology staff and our drilling teams are doing an excellent job putting to use and leveraging the expanded capabilities of the Hagby equipment. We are now actively drilling previously unexplored acreage within our Benton Mine, both farther and faster than previously efforts. The first hole is on the D-S120E-0 azimuth and we have encountered several interesting mineralization zones for only being 190 feet horizontal. It appears that we have found multiple pay zones, right where the historical mining reports predicted, but the old timers were never able to reach."

Hollis further stated, "Assay cuts have been taken at multiple distances for analysis at independent labs. We will report on the results as soon as they are made available. We are encouraged, believing that we have made a new, meaningful find in a completely untapped area of our mine. Considering that none of our existing 43101-compliant estimated 279,000 ounces of reserves are associated with this area and those reserves were calculated on roughly only 10% of our total acreage having been explored, these drilling results may clearly bode well for future gold production and reserve growth. Since this new area was never included in any third party report, we believe this to be the first clear tangible indication of additional ore bodies not previously documented."

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.

Source: MARKET WIRE

More News in this Category