Dutch Gold Announces Bulk Sample Assay Results of 0.362 Ounces per Ton of Gold
Begins Recovery Assessment Testing for Nicaragua Joint Venture
ATLANTA, GA--(Marketwire -07/16/12)- Dutch Gold Resources, Inc. (DGRI) (DGRI) (the "Company") today is pleased to announce initial assay results from its bulk sample taken in June from its joint venture in Nicaragua.
The assays from the initial bulk testing were 0.362 ounces per ton of gold and 0.14 ounces silver per ton. The Company will now begin testing to determine the optimal recovery techniques for the JV, with plans to ship equipment in the next month to begin to ramp up operations in Nicaragua.
The Company has also begun to evaluate other projects in Nicaragua, consistent with its goal of establishing a significant base of operations in Nicaragua.
About Dutch Gold Resources
Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company's strategy is to focus on overlooked resources that have the potential to have a value creation event within 24 months of acquisition. The Company criteria call for a property to reach either near term production, or be a candidate for development through joint venture financing during the two years subsequent to acquisition. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For further information, please see www.DutchGold.com.
Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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Contact:
Tom Leahey
CFO
Dutch Gold Resources, Inc.
(404) 419-2440
