Dutch Gold Resources Announces Further Results From Nicaragua Bulk Testing
Data Suggests Excellent Recovery Rates
ATLANTA, GA -- (MARKETWIRE) -- 08/07/12 -- Dutch Gold Resources, Inc. (OTCQB: DGRI) (PINKSHEETS: DGRI) (the "Company") is pleased to announce today that it has received the results from its recent bulk sample in Nicaragua. The Company confirms that it has made an initial decision as to the optimal recovery method for its joint venture.
Initial results of gold recovery testing conducted by Norris Lab of Norris, Montana utilizing cyanide has yielded excellent results on ore from Dutch Gold Resources joint venture partner in Nicaragua. Initial head assays of the oxide ore were 0.548 ounce per ton (opt) gold and 0.33 opt silver. Calculated heads for the ore based on actual test recoveries were 0.6 opt gold and 0.4 opt silver. Assays of the leached ore tails were 0.012 opt gold and 0.14 opt silver, indicating a 98 percent recovery of the gold and a 65.25 percent recovery of the silver. Cyanide consumption for the testing was a very modest 1.5 pounds per ton.
"These excellent results indicate that cyanide leaching of the ore will result in very strong gold recoveries," said Dutch Gold CEO Daniel Hollis. "Based on these results, we are reviewing the use of a vat leaching system for gold recovery in the project. The very low cyanide consumption suggests our operating cost will be low for such a system. We will conduct further testing, but we feel these initial results confirm that we can use a vat leaching system very effectively, and based on the ore grade of the sample, we anticipate a successful project."
