SOURCE: Dutch Gold Resources, Inc.

January 06, 2010 19:47 ET

Dutch Gold Resources Announces First Work Plan for Basin Gulch; Bulk Sampling Plans Commissioned

ATLANTA, GA--(Marketwire - January 6, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) ( today announced that the Company has commissioned a bulk sampling program that will be conducted in two stages, with the first stage to be completed during the next three months. The second stage will be conducted in the spring. The Company also intends to initiate new resource expansion programs, based on new data during the Second and Third Quarters of 2010. The purpose of the programs will be to determine whether the current known resource might be more prolific than earlier thought.

During the historic drilling on the Basin Gulch property, it became apparent that areas containing coarse gold were present. To better understand the nature of the coarse gold, bulk sampling of selected drill hole intervals was historically conducted on a spread of sample grades, lithologies, and locations, utilizing 1,000 gram samples versus the original 30 gram fire assays. The bulk samples were finely crushed, followed by a two step process. First, a free gold gravity recovery of the 1,000 gram samples was conducted, followed by a fire assay of the sample tails. The head grade of the bulk samples was subsequently calculated. "The testing revealed the presence of areas containing locally significant coarse gold that had been missed by the original fire assays. The bulk sampling raised the overall average grade of the bulk-sampled drill intervals approximately forty percent above their original fire assays," commented Rauno Perttu, COO.

Added Daniel Hollis, CEO, "Because defining the areas of coarse gold could have a positive impact on the overall grade and economic development of the Basin Gulch gold system, Dutch Gold Resources plans to expand on the historic bulk sampling, utilizing the preserved historic drill core and cuttings, and also utilizing new bulk samples. The program utilizing the historic drill samples can be initiated during the first quarter of 2010. The new bulk sampling is planned to start in the spring, with improved ground conditions. Based on the data we have seen, we are quite interested to see how this might impact the size of the resource."

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 Company is currently negotiating three transactions, which, if and when completed, could significantly increase the companies holdings DGRI management has strong experience 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:
    Duncan Yob
    Dutch Gold Resources