Daulton Capital Corp.
OTC Bulletin Board : DUCP

Daulton Capital Corp.

December 15, 2010 06:01 ET

Daulton Capital's Property Located in White Gold District of Yukon, Gathering Interest as Gold Climbs Past $1400 an Ounce

Gold Price now up 28% this year and could possibly rise to record levels in 2011, making resource companies a valuable investment

LAS VEGAS, NEVADA--(Marketwire - Dec. 15, 2010) - Daulton Capital Corp. (OTCBB:DUCP), a natural resource finance company specializing on precious & base metal developments, continues to monitor developments in the White Gold District as it prepares for further exploration and sampling in the New Year. 

The price of gold rose for the second straight day, surpassing $1,400 per troy ounce as the U.S. Federal Reserve begins its final meeting of 2010. Gold for immediate delivery gained 0.9 percent to $1,407.

"Investment demand for the metal is definitely there," Wallace Ng, executive director at ABN Amro Bank NV in Hong Kong, told Bloomberg.

The White Gold District, lies is within the Tintina Gold Belt (a 200-km-wide, 1,200-km-long arc extending from northern British Columbia into southwest Alaska) and it has produced in the past 29.9 million ounces of gold. The Tintina Gold Belt includes such large proven and probable gold deposits as Pogo (3.6 M ozs P & P reserves), Fort Knox (3.8 M ounces P & P reserves, as well as large amounts of measured and indicated ounces in many other companies.

The Golden Saddle deposit that became Underworld's White Gold property may have been completely missed if not for Shawn Ryan's relentless efforts. He has worked years and obtained thousands of samples in an area he is now credited with developing. What is now believed to amount to $1.5 billion worth in gold was made from estimates in just two samples. Ryan, who is British Columbia's mineral exploration industry Prospector of the Year, granted the rights to Dalton's flagship property under terms of an agreement filed earlier this year.

Located in the well recognized, and prolific, Tintina Gold Belt, Daulton Capital's Balarat Project straddles Balarat Creek, one of the most productive creeks in the Yukon. This claim block is in close proximity to both the Underworld and Kaminak discoveries, which are now owned by Kinross after a takeover valued at about $140 million.

Kaminak, already recognized as bigger than the White Gold Project, has recently discovered two more new, at surface, gold zones with drilling at Americano yielding a new gold discovery of 2.36 g/t Au over 18m.

About Daulton Capital Corp.

Daulton Capital Corporation is a natural resource finance company focused on precious and base metals as well as oil & gas opportunities. Management's corporate philosophy is to be a Project Generator, with the objective of optioning/joint venturing projects with major and junior natural resource companies from inception through to production. The Company has acquired property rights in the Klondike Gold region of the Yukon and continues focusing on acquiring and/or funding additional resource projects. Please visit www.daultoncapital.com for more information.

Safe Harbor Statement

This press release contains 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. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information