SOURCE: Dutch Gold Resources, Inc.

September 17, 2007 09:30 ET

Dutch Gold Resources Announces Additional Mill Upgrades

Enhancements to Result in Increased Milling Efficiency Including Higher Ore Recovery, Decreased Maintenance Costs and Reduced Downtime

ATLANTA, GA--(Marketwire - September 17, 2007) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI), a developer and operator of proven gold mines and a regional mill in North America, today announced additional upgrades to its mill in Grants Pass, OR, which is expected to increase efficiency of mineral capture from their 330 tons of ore per day (TPD) processing capacity.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "This latest upgrade to our mill follows on the heels of considerable upgrades we completed earlier this year. Specifically, we installed a 24" Telsmith Cone Crusher with an advanced magnet system and new double-deck screens, which improve the particle size to less than half an inch. As a result, we can significantly increase our gold recovery, decrease our maintenance costs and reduce downtime. These enhancements will allow us to support continued increases in production at our Benton mine, followed by the anticipated production from the Gold Bug mine upon its opening. In the meantime, the mill provides us additional capacity to support the milling requirements of neighboring mines to increase our utilization as well as providing a new source of revenue."

Fred Wilcox, Mill Superintendent for Dutch Gold Resources, commented, "We are now able to recover over 96% of the precious metals, as we are separating out coarse and microscopic gold into simultaneously running flotation and gravity systems. The values of our tailings are now consistent at about 0.03 ounces per ton, which is at the top of average industry standards."

Added Mr. Hollis, "We expect to continue increasing throughput from our mine operations in addition to continuing to enhance our recovery capabilities while optimizing production from the Benton mine. While we have now successfully added to and upgraded much of the key infrastructure from an equipment and technology standpoint, it is also important to note that we have now assembled what we believe to be an extremely talented operations team capable of leveraging these assets to maximize both productivity and production."

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