SOURCE: Dutch Gold Resources, Inc.

February 08, 2010 10:20 ET

Atlanta Business Chronicle Profile: Dutch Gold Resources, Inc.

ATLANTA, GA--(Marketwire - February 8, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") ( is pleased to announce that it has been profiled in the Atlanta Business Chronicle, the definitive source for information on the leading businesses in the marketplace. It has published a comprehensive interview with Dutch Gold Resources, Inc. Chairman and CEO Daniel Hollis, in the February 5, 2010 edition, released Friday.

The article details the growth opportunities for Dutch Gold, their plans to expand, and explains why the move to an expansion plan is both timely, and feasible. Key points discussed include the following:

Its most ambitious project is a 1,000-acre site in Montana, called the Basin Gulch project. The Montana mine has "proved and probable" reserves of 2.8 million ounces, CEO Daniel Hollis said. "It could be in the top 5 percent -- in terms of size -- of all gold mines in the United States," Mr. Hollis said. Not only is the Montana project big in size, it has the potential to be quite profitable. At today's gold prices -- about $1,100 per ounce -- the mine is potentially valued at $3 billion. The Company has announced plans to begin the permit application process during the first quarter of 2010, focusing initially on a well-defined, potentially high-grade, underground system.

"Gold is seen as another currency," said Steven Nagourney, a New York-based strategic analyst who follows the gold and commodity markets. "For protection against financial instability and economic instability people are buying gold," said Nagourney. "That's why [the price is] where it is."

"Our goal is to create enough mass and profitability that we can become an intermediate-sized miner within the next three years," Hollis said.

The writer notes, "The desire to muscle up is warranted." Quoting IBIS World, Los Angeles-based industry research firm, "The long-term, high risk nature of exploring for gold, and the resources required to fund it, suggest that gold exploration and therefore production will increasingly become and remain the province of large companies..."

The complete article can be downloaded from the Dutch Gold corporate web site at, or can be requested by calling the Company at 404-419-2440.

The terms "Measured resources," "Indicated resources" and "Inferred resources," are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

About Dutch Gold Resources:

Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Benton Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance.

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

Contact Information

  • Contact:

    For further information, please contact:
    Jason Assad
    Dutch Gold Resources, Inc.
    (404) 419-2440