- Dutch Gold Resources
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Dutch Gold Resources, Inc. 
Type Public (OTCQB: DGRI) Industry Mining, Gold Founded 2006 Headquarters Atlanta, Georgia, USA Key people Daniel Hollis, CEO, Chairman
Rauno Perttu, COO
Tom Leahey, CFOWebsite http://www.dutchgold.com Dutch Gold Resources, Inc. (OTCQB: DGRI) is an American company that explores for and develops gold deposits in the United States. Headquartered in Atlanta, Georgia, Dutch Gold is a publicly traded company headed by Chief Executive Officer Daniel Hollis. The company currently has projects in Granite County, Montanta; Blaine County, Idaho and Humboldt County, Nevada.[1]
Currently known in the gold mining industry as a "junior" mining company,[2] Dutch Gold positions its business to acquire properties which contain resources that can be mined relatively quickly and cost-efficiently.[3]
Contents
History
Dutch Gold Resources was founded in 2006. It entered the gold mining industry upon its acquisition of Dutch Mining, LLC, the former Oregon-based mining company.
Projects
Basin Gulch Mine
Located in Granite County, Montana, the Basin Gulch Mine is a large, open-ended, gold and silver system. Discovered by the company's COO and geologist, Rauno Perttu, the property has been partially explored by 323 reverse circulation and core drill holes and approximately 17,000 feet of trenches. The system contains multiple areas of mineralization, and an open-ended defined resource of more than two million ounces of mostly low-grade disseminated gold and silver, with local shallow higher-grade breccias and inferred veins.[4]
On February 11, 2011, Dutch Gold Resources acquired an exploratory license for its Basin Gulch Project. The permit facilitates exploratory drilling of the property which is said to contain $3 billion in gold and may contain one of the largest gold deposits ever in Western Montana's modern history.[5][6]
Jungo Mine
The Jungo Mine is located in Humboldt County, Nevada and lies between the famous Sleeper and Hycroft mines. Discovered by Perttu in 2006, The Jungo property contains significant exposures of brecciaed and silicified Paleozoic sedimentary rocks in contact with Tertiary volcanic rocks to the north and east. Surface samples from the property were anomalous in gold and silver. Dutch Gold Resources, Inc. believes the Jungo gold system has valuable similarities to the nearby Sleeper mine, which produced approximately 1.7 million ounces of gold during its operation.[7]
On January 25, 2011, the company announced exploratory drilling results from Phase One of its Jungo drilling project. The core sample that was drilled intersected extensive breccia containing a wide variety of locally rounded clasts including volcanic fragments and locally extensive pyritic quartz clasts in a matrix of clay and apparent quartz sericite.
As of 11-12-2011, The company is awaiting signatures to lease out the Jungo Mine to a third party. SEC Form 8-K will be filed upon formal completion of the lease agreement and will provide lease details.
Minnie Moore Mine
On 10-05-2011, Dutch Gold filed Form 8-K with the Securities and Exchange Commission regarding Dutch Gold's lease and option to buy, of the Minnie Moore Mine, located in Blaine County, Idaho. The following is a brief taken from a news release dated 9-29-11, followed by a link to the same news release and additionally followed by a link to the Securities and Exchange commission Form 8-K for the Minnie Moore Mine Lease Agreement:
ATLANTA, Sept. 29, 2011 (GLOBE NEWSWIRE) -- Dutch Gold Resources, Inc. (OTCQB:DGRI) (the "Company") (http://dutchgold.com) today announced that it is mobilizing a core drill to begin confirmation drilling of a new target near the historic Minnie Moore Mine, near the town of Bellevue, in southern central Idaho. The mobilization is expected to take approximately one week, with drilling to commence before the tenth of October.
The first round of drilling will focus on confirmation and definition of a lens of massive galena that was accidentally discovered by the property owner, Carl Johnston during quarry development drilling. A sample of the galena from the lens was sent by DGRI to Mount Powell Laboratory in Deer Lodge, Montana for analysis. The sample consisted of massive galena with minor sphalerite and pyrite. It assayed 75 percent lead, 74.4 ounces per ton silver, 0.112 ounce per ton gold, 1.4 percent zinc and 0.129 percent copper.
http://ir.stockpr.com/dutchgold/company-news/detail/803
http://www.sec.gov/Archives/edgar/data/928375/000114420411056522/0001144204-11-056522-index.htm
References
- ^ About Dutch Gold :: Dutch Gold
- ^ New gold rush lures Atlanta firm | Atlanta Business Chronicle
- ^ Overview :: Dutch Gold
- ^ Dutch Gold Resources :: Basin Gulch Mine
- ^ Exploratory gold drilling planned in western Mont. | KULR-8 News, Sports, Weather - Billings, Montana | Montana State News
- ^ New drilling will help define extent of Granite Co gold mine | KPAX News | Missoula, Montana
- ^ Dutch Gold Resources :: Jungo Mine
External links
Categories:- Gold mining companies of the United States
- Companies based in Atlanta, Georgia
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