Dutch Gold Resources Reports Additional Progress Towards Reopening the Texas Vein of Its Benton Mine in Oregon; Adds Pioneer Jaw Crusher to Its Ore Processing Circuit
Posted on: Thursday, 14 February 2008, 09:00 CST
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 begun access improvements to the Texas Vein and has initiated additional geochemical sampling of the Texas mineralization. These developments follow the company's recent announcement that it had completed preliminary studies to reopen the Texas Vein of its Benton Mine in Oregon following favorable engineering and geological studies.
"Our teams have been very busy during a break in the winter weather in Southern Oregon, which has reported record snowfalls this year. Improvements to the access roads have been made in preparation for further development, which are a strong indication that mining of the Texas Vein could begin in the first half of 2008. Separately, our geology department has undertaken a new sampling program that will help us properly confirm and further target the mineralization reported in historical records," reported Dan Hollis, CEO.
During the month of January 2008, the Company added a Pioneer Jaw Crusher to its ore processing circuit. The Pioneer is a 15 X 36 inch crusher with a 75 HP electric motor. It is capable of crushing between 38 and 100 tons per hour, and is designed to increase the throughput of the company's mines. Fred Wilcox, Mill Superintendent, stated, "This upgrade is consistent with our plans to accelerate ore recovery and maximize production at the mines."
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
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