Dutch Gold Resources Inc. (fka DGRI)

[valdai]

Are You Guys Patient?

I hope so, because before DGRI can even start doing any exploration drilling at the Basin Gulch (and they'll have to do plenty of it) this is what they still must do:

"Montana, Federal (BLM) and private lands are handled similarly in the permitting process. Dutch must apply for either a blanket
exploration permit for Montana, or a specific permit for the Basin Gulch project. In either case, proposed drill sites and trenches must be located on a map, with a detailed description of how the preparation and reclamation of each site will be completed. The regulators will then have the choice of sending out an inspector to review the proposed plan. The State and perhaps the BLM will subsequently calculate a reclamation bond amount for the work proposed, based on existing State standards. Upon Dutch posting the bond, Dutch may then proceed with the exploration work."

Of course, exploration drilling is a very lengthy and expensive process. (Just ask the folks over at LODE, formerly Goldspring about that). And, a lot of drilling must still be performed. All the previous drilling at the Basin Gulch was done in the early 1990's, and then only 323 holes were drilled.

Moreover, if one looks at the 2010 NI 43-101 compiled by David Brown, he didn't retest any of the drill samples, but simply relied on the paperwork that was given to him. For an NI 43-101, his report is not only incredibly brief, but more striking is the fact that he did no testing of his own:

"This report has been prepared by David Brown & Associates using public and private documents given to the author for this
purpose. While reasonable care has been taken in preparing this report, David Brown & Associates cannot guarantee the accuracy or
completeness of all supporting documentation. In particular, David Brown & Associates did not attempt to determine the veracity of geochemical, geophysical, or geological data reported by third parties, or to conduct duplicate sampling for comparison with the geochemical results provided by other parties. Only two, two-day field reconnaissance visits were conducted, and a gross geometric modeling was made for volumetric ore grade determinations, as presented in the 2006 43-101 report. In addition, a preliminary draft volumetric ore grade determination was made by a third party in 1996 and presented in the 2009 43-101 report."

David Brown's 2006 NI 43-101 for the Basin Gulch has not been filed by DGRI. For anyone interested, here's his 2010 report.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=7015848