SOURCE: Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc.

November 08, 2010 22:39 ET

Dutch Gold Comments on Share Price Activity

Company Updates Strategy on Basin Gulch and Jungo Properties and Discusses Market Outlook for Gold

ATLANTA, GA--(Marketwire - November 8, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") ( today announced that its management is not aware of any material undisclosed information or corporate developments that would account for the recent price volatility.

"Our strategy to acquire projects that can be quickly put into production is very timely for today's economic environment," stated Daniel Hollis, CEO. "Our strategy continues to seek leverage points to advance current projects while continuing to actively evaluate new opportunities." According to a Reuters survey released Friday, gold's record-breaking climb should continue for at least six months, corresponding to the planned duration of the Federal Reserve's monetary stimulus.

Two out of three respondents see gold prices topping out between $1,400 and $1,500 an ounce on an interim basis, with most analysts surveyed expecting prices to peak during the first or second quarter of next year.

Additionally, Rauno Perttu, COO, pointed out that the mergers and acquisition activity is heating up in the junior gold miner sector. "Subsequent to our trenching program at the Jungo project, we have acquired additional drilling results for the Jungo property. We expect to report the findings in the near future," said Mr. Perttu. Under the direction of Mr. Perttu, the Company is advancing its Basin Gulch project in Montana. Each project is positioned for rapid growth, while having the potential of being an attractive target for a joint venture in 2011.

"When we reported on the Basin Gulch resource earlier this year, Dutch Gold management believed that the market would find the size of the deposit to be of interest. With gold hovering near $1,400 per ounce, the project is attracting attention from large and small investors alike. Our expectation is that we can begin to unlock the value in Basin Gulch early in 2011, and that the components to grow the project may be available in the near future," observed Mr. Hollis. A copy of the Basin Gulch report can be found on the Company website.

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 Gold Bug Mine in Oregon comprise the Company's current portfolio. The Dutch Gold 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

  • For further information, please see or please contact
    Dan Hollis
    Steve Keaveney
    Dutch Gold Resources, Inc.
    (404) 419-2440