Dutch Gold Resources! Link here to review their website.
Link here to view the images of the Benton mine.
DGRI has issued public guidance indicating that The Company has made a new, meaningful find in a completely untapped area of the Benton Mine.
Considering that none of their existing 43101-compliant estimated 279,000 ounces of reserves are associated with this area, those reserves were calculated on roughly only 10% of their total acreage having been explored.
DGRI recently announced the discovery of new ore bodies in previously unexplored acreage in its Benton Mine. DGRI has struck multiple vein structures to the South of existing production areas following the recent deployment of its new Hagby ONRAM 1000/3 Core Drill.
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 first hole is on the D-S120E-0 azimuth and we have encountered several interesting mineralization zones for only being 190 feet horizontal.
DGRI has found multiple pay zones, right where the historical mining reports predicted, but the old timers were never able to reach.
Assay cuts have been taken at multiple distances for analysis at independent labs.
DGRI will report on the results as soon as they are made available.
These drilling results bode well for future gold production and reserve growth.
Dutch Gold Resources published reserves can be reviewed here in their most recent SEC Filings.
Dutch Gold Resources mines in southwestern Oregon include the Benton. The lease for 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.
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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