SOURCE: Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc.

August 27, 2009 08:00 ET

Dutch Gold Resources Announces Drilling Plans for Aultra Gold, Inc. Montana Projects, Progress on NI 43-101 Report

ATLANTA, GA--(Marketwire - August 27, 2009) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) today outlined its near term plans for the initial development of the Montana and Nevada projects of the Aultra Gold, Inc transaction.

Daniel Hollis, CEO of Dutch Gold Resources, stated, "After the closing in September of the Aultra Gold transaction, we expect to commence a bulk sampling program at the Basin Gulch project upon regulatory approval. We expect to receive the NI 43-101 compliant reserve report within the next three weeks and believe that it will be instructional as to additional drilling targets."

Said Mr. Rauno Perttu, CEO of Aultra Gold, Inc., and an accomplished geologist, "There is much left to explore and develop in the Montana property. The most exciting target on the property is a nested diatreme complex (overlapping volcanic breccia pipes) that extends over a minimal area of 2,600 feet by 3,300 feet. This diatreme complex has not been drilled to depth, and may contain high-grade gold and silver mineralization in a deeper 'boiling zone.' The diatreme complex is characterized by overall low-grade gold and silver mineralization and local high-grade mineralization. Nearby shallow much smaller diatreme zones appear to be adjacent outliers to the main diatreme complex. These outliers are associated with an inferred controlling fault zone that may also be an important control for the main diatreme and for some of the inferred veins. Two of these smaller diatreme in the fault zone appear to contain near-surface 'boiling zones,' and contain high-grade gold and silver mineralization that appears to have been associated with a boiling zone."

The Company intends to further explore other opportunities in Montana, based in part, on Mr. Perttu's extensive experience, and the number of potential high value projects located in the state. Added Mr. Perttu, "We already have a large commitment to the Basin Gulch project and believe that we will build a cluster of projects within the state."

About Dutch Gold Resources, Inc.

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 currently owns the Gold Bug Mine and leases the Benton Mine in Southwestern Oregon. DGRI management has strong experience in mergers and acquisitions, as well as corporate finance.

About Aultra Gold, Inc.

Aultra Gold, Inc. (AGI) has been formed to become one of the leading exploration, development and acquisition gold companies in North America. Our objective is to focus on low-risk and proven reserves that will be economical and profitable for the shareholders of AGI. Its current assets include Basin Gulch and Jungo, and management includes professional geologists and production experience.

Forward-Looking Statements

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