SOURCE: Dutch Gold Resources, Inc.

October 01, 2007 09:30 ET

Dutch Gold Resources Completes Pouring of Doré Bars and Begins Shipments to Refiners

ATLANTA, GA--(Marketwire - October 1, 2007) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI), a developer and operator of proven gold mines and a regional mill in North America, today announced it has poured its first Doré bars using the company's new laboratory equipment and has completed its first shipment of the Doré bars to its refiners. Doré bars are part of the precious metal production process. Metal that is as much as 90 percent pure is melted into the bars, and the bars are sent to smelters that further purify them to 999.9 parts per thousand.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We have been adding to our inventory of product to be poured since the second quarter of this year. We are pleased to ship our first Doré that was produced in our own facilities. The timing of our first pour is excellent, given the recent increases in gold prices."

Added Mr. Hollis, "We find this to be an exciting time to be producing both gold concentrates and Doré. With the major producers closing their hedge books, increasing global demand for gold and shrinking world wide production, Dutch Gold is well positioned to benefit from its increasing production in its Oregon operations."

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 Information

  • Contact:
    David K. Waldman / Klea K. Theoharis
    Crescendo Communications, LLC
    (212) 671-1020