Dutch Gold Resources Announces Further Results From Nicaragua Bulk Testing Data Suggests Excellent Recovery Rates
ATLANTA, GA, Aug 07, 2012 (MARKETWIRE via COMTEX) -- 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."
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