Dutch Gold Resources Announces Drilling Plans for Aultra Gold, Inc. Montana Projects, Progress on NI 43-101 Report
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ATLANTA, GA, Aug 27 (MARKET WIRE) --
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:
David K. Waldman
Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
Copyright 2009, Market Wire, All rights reserved.
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