DGRI has issued public guidance indicating that The Company has made a new, meaningful find in a completely untapped area of the Benton Mine.
The Benton Mine is on U.S. Government Property!
DGRI is leveraging the expanded capabilities of the Hagby equipment and is now actively drilling previously unexplored acreage within the Benton Mine, farther and faster than previous efforts.
The Benton Mine consists of 24 gold mining claims on 480 acres; which are all in good standing including 8 patented claims and 16 claims located on US Forest Service Land.
History of the Benton Mine
The Benton Mine was the largest gold mine in southwest Oregon during the late 1930’s. It was founded in 1893 and was the largest underground mine in Oregon. World War II created a major setback for gold mining. During 1942, the War Production Board passed an order titled L-208 which stopped all non-essential mining; gold mining was included as non-essential. The order was revoked a few years later, however until recently the Benton Mine had been absent from commercial operations since 1942.
The Benton mine is an advanced stage exploration and production project with a substantial investment already made in recent exploration and development which has started delivering gold concentrate in 2007.
Dutch Gold recently completed the construction and fine tuning of its ore mill. This is the only permitted, commercial scale mill in Oregon.
From 1994 to 1996 Dutch Mining LLC invested over $4.5 million exploring and developing the Benton Mine and undertook a baseline study for all the necessary permits to operate the mine and build an ore mill to produce gold ore concentrate. While mining the known ore bodies, the Company feels there is also the potential to significantly upgrade the resource base of Benton by drilling out areas untapped by historic mining and drilling.
In January 2005 Dutch Mining reopened the Benton Mine and performed a full rehabilitation of the mine, and built a new gold ore mill to process 150 tons of ore per day which can be increased to 300 tons as needed. From January 2005 until the present, approximately $4.5 million of additional investments were made.
Dutch Gold Resources published reserves can be reviewed here in their most recent SEC Filings.
Benton Mine
Source: Dutch Gold Resources
Dutch Gold Resources, Inc. 3500 Lenox Road
Suite 1500
Atlanta, GA 30326
Phone: (404) 419-2440
Email: info@dutchgoldresources.com
Website: www.dutchgoldresources.com
Investor Relations: David K. Waldman / Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
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.
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