SOURCE: Dutch Gold Resources, Inc.

February 09, 2010 09:16 ET

Davis Research Group Issues Initial Report Covering Dutch Gold Resources, Inc.

ATLANTA, GA--(Marketwire - February 9, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") ( is pleased to announce that Davis Research Group has published the first of a series of information reports analyzing the Company's business strategy and positioning. The paper, prepared at the request of Dutch Gold management, provides a third party view as to the feasibility and valuation based on the recent repositioning as outlined in recent news, and with regard to the announcement by DGRI of their Four Step plan for increasing their reserves into the intermediate level of the market.

"We are pleased to establish a relationship with Davis Research, and anticipate that this will be the first of many research projects by Davis, and others in the marketplace," said Daniel Hollis, Chairman and CEO of DGRI. He continued, "As we gain in stature, and market capitalization, we expect others to follow suit, and it benefits not only our investors, but management as well. We see papers such as this as providing us a sounding board as to our ideas, and hope that this will enhance our success."

Among the observations put forth in the report, are the following:

The Company's strategy compares favorably to that implemented by American Barrick Resources, with regard to their acquisition of Camflo Mines in 1984. Wall Street experts at that time proved correct in forecasting a twenty-fold increase in market capitalization, creating the basis for Barrick Gold today.

Davis Research observes from the 43-101 report filed by DGRI recently on the Basin Gulch project, that only 20% of the property has been drilled to date, thus the potential for further upward estimates of reserves at the site as larger portions are evaluated.

With regard to the Benton mine in Oregon, Davis Research supports the proposition that, subject to a revised valuation, the Company should develop a long-term approach to optimize the value of the Benton Mine by proving up the resource. Options for the site include either funding a reinvestment program, or an alternative strategy on the property. The Benton Mine based in southwest Oregon consists of 24 gold mining claims covering 480 acres. Dutch Gold has announced that it expects to complete a revised mining plan for the Benton Mine this year.

With regard to the timeframe for implementation, Davis Research has communicated the long-term benefit of the DGRI strategy, while noting that many steps remain between the acquisition of a property like Basin Gulch, and the commencement of actual mining operations. If not otherwise acquired themselves in the interim, several years of further engineering, planning and permitting remain ahead for the Company, as is faced by all other mining operations.

Davis Research suggests the possible listing on the Toronto Stock Exchange would support the enhance the positioning of the Company in the marketplace, as most other peer group companies have a presence there, as well as all major mining companies. With the likely increase in the market capitalization, a larger shareholder base will most certainly include significant holders such as institutions, who will desire the increase in liquidity such a listing may provide.

The complete information report can be found on the DGRI web site at

The report uses the terms "Measured resources," "Indicated resources" and "Inferred resources," which 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.

For further information, please see

Contact Information

  • Jason Assad
    Dutch Gold Resources, Inc.
    (404) 419-2440