We won't be red for long. If the rumor is true and Melvin is gone then we should move up nicely. PLUS now we have the Oil and Gold Acquisitions with great revenues.
CENTURY CITY, CALIFORNIA--(MARKET WIRE)--Jul 13, 2006 -- Drake Gold Resources, Inc. (Other OTC:DKGR.PK - News) is pleased to announce the completion of a long-term lease acquisition of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. The placer gold reserves on the Property are estimated to be 60,000 ounces, which, at $600 per ounce, would be worth approximately $36 Million. The leased property consists of three unpatented placer gold mining claims.
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