Dutch Gold News and Blog

Interview: Dan Hollis CEO of Dutch Gold

Tom Allinder's interview with Dan Hollis of Dutch Gold...

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Resources, Inc. Takes Steps to Improve Transparency, Files Annual Reports, Discusses Next Steps

Dutch Gold Resources, Inc. (Pink Sheets:DGRI) today announced that it has made significant progress in its ongoing process of improving transparency for its shareholders and investors. The Company filed two Annual Reports on Form 10-K for the fiscal years ended December 31, 2007, and December 31, 2008. The Company also filed a Quarterly Report on Form 10-Q for the period ending September 30, 2009

The Company expects to file the intervening period Form 10-Qs next week. Upon completion of the remaining Quarterly Reports, the Company hopes to have a Form 15C211 filed on its behalf with FINRA to commence quotation on the OTC Bulletin Board.

"I would like to say 'thank you' to the professionals who helped us through this process," said Dan Hollis, CEO. "We promised to bring the Company current, for the benefit of our current and future shareholders," he added. The Company expects to enhance the staffing of its accounting function and intends to select a Chief Financial Officer shortly.

These disclosure items also clear the way for the Company to begin the application process to the Toronto Stock Exchange, which it intends to do, late first quarter of this year, or early second quarter of 2010.

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Positions Subsidiary, Aultra Gold, to Capitalize on Gold Projects Internationally

Dutch Gold Resources, Inc. (Pinksheets:DGRI) (the "Company") announced its strategy to leverage international market opportunities today. Dutch Gold will use its recently acquired, publicly traded subsidiary, Aultra Gold, Inc. (OTCBB: AGDI) as the platform for its international mining opportunities. After studying alternative strategic investments, the Board of Directors has chosen to have Aultra pursue non-domestic precious metal prospects, where there are well-defined projects and professional management teams in place.

"We think this strategy makes tremendous sense. It allows us to move domestically and internationally at the same time, while providing separation of operations, and balance of risk, and separate funding strategies. Rauno Perttu and I are regularly shown attractive deals by colleagues, that fall outside the stated mission of Dutch Gold," commented Daniel Hollis, Chairman and CEO of Dutch Gold. He explained the strategy, "Since Dutch owns 67% of the outstanding Aultra shares, we get the consolidated financial benefit of the investments in Aultra, while providing some separation from the domestic activities of Dutch. Certainly international projects may be perceived to include a bit more risk from political considerations, currency fluctuations, international legal and regulatory compliance, but we believe that the returns may be even greater than some domestic situations."

Dutch Gold Resources, Inc. has stated that is has a corporate mandate to develop North American projects, a more conservative strategy which optimizes the current management and capital resources of the Company. Mr. Hollis further observed, "This move is consistent with our stated goal of providing additional resource developments, with an eye toward enhancing shareholder value, in our existing corporate structure."

Individuals and companies are invited to forward potential international acquisition/joint venture projects to Rauno Perttu, COO at the Company's Atlanta headquarters. Said Mr. Perttu, "We welcome input from our professional colleagues around the world, and will evaluate prospects wherever they may be found."

Hollis also confirmed the impending reverse split for AGDI shares, as was previously disclosed in a Form 14 DEF filing on November 17, 2009. Copies of the document can be found at www.sec.gov, and on the Dutch Gold web site at DutchGold.com. The reverse split is set at 1 for 10, and will apply to all shareholders as of February 15, 2010.

Disclosure: No position in DGRI; see our disclosure page.

Davis Research Group Issues Initial Report Covering Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc. (Pinksheets: DGRI) announces that Davis Research Group has published the first of a series of information reports analyzing the Company's business strategy and positioning. The paper, prepared at the request of Dutch Gold management, provides a third party view as to the feasibility and valuation based on the recent repositioning as outlined in recent news, and with regard to the announcement by DGRI of their Four Step plan for increasing their reserves into the intermediate level of the market.

"We are pleased to establish a relationship with Davis Research, and anticipate that this will be the first of many research projects by Davis, and others in the marketplace," said Daniel Hollis, Chairman and CEO of DGRI. He continued, "As we gain in stature, and market capitalization, we expect others to follow suit, and it benefits not only our investors, but management as well. We see papers such as this as providing us a sounding board as to our ideas, and hope that this will enhance our success."

Among the observations put forth in the report, are the following:

The Company's strategy compares favorably to that implemented by American Barrick Resources, with regard to their acquisition of Camflo Mines in 1984. Wall Street experts at that time proved correct in forecasting a twenty-fold increase in market capitalization, creating the basis for Barrick Gold today.

Davis Research observes from the 43-101 report filed by DGRI recently on the Basin Gulch project, that only 20% of the property has been drilled to date, thus the potential for further upward estimates of reserves at the site as larger portions are evaluated.

With regard to the Benton mine in Oregon, Davis Research supports the proposition that, subject to a revised valuation, the Company should develop a long-term approach to optimize the value of the Benton Mine by proving up the resource. Options for the site include either funding a reinvestment program, or an alternative strategy on the property. The Benton Mine based in southwest Oregon consists of 24 gold mining claims covering 480 acres. Dutch Gold has announced that it expects to complete a revised mining plan for the Benton Mine this year.

With regard to the timeframe for implementation, Davis Research has communicated the long-term benefit of the DGRI strategy, while noting that many steps remain between the acquisition of a property like Basin Gulch, and the commencement of actual mining operations. If not otherwise acquired themselves in the interim, several years of further engineering, planning and permitting remain ahead for the Company, as is faced by all other mining operations.

Davis Research suggests the possible listing on the Toronto Stock Exchange would support the enhance the positioning of the Company in the marketplace, as most other peer group companies have a presence there, as well as all major mining companies. With the likely increase in the market capitalization, a larger shareholder base will most certainly include significant holders such as institutions, who will desire the increase in liquidity such a listing may provide.

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Featured in the February 5-11 Atlanta Business Chronicle

Dutch Gold Resources, Inc. is being featured in the February 5-11 Atlanta Business Chronicle.  The story on Dutch Gold starts at the bottom of page one and continues on page 17A.

Excerpt from the story:

An Atlanta-based startup is sitting on a gold mine — literally.

Dutch Gold Resources Inc. hopes to ride the surging global demand for gold and become an industry consolidator.

The company, referred to in the trade as a junior gold producer, has projects in Oregon and Nevada. Yet its most ambitious is a

1,000-acre site in Montana, called the Basin Gulch project. The Montana mine has “proven and probable” reserves of 2.8 million ounces of gold and the potential to deliver up to 7.5 million ounces, CEO Daniel Hollis said.

Download the PDF of the entire story.

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Resources Inc. Discusses Shareholder Value Proposition

Dutch Gold Resources, Inc. (Pinksheets:DGRI) (the "Company"), today provided guidance regarding its plans and strategies for maximizing shareholder value, and increasing its position in the marketplace.

We have previously announced our Four Step plan for moving from a junior miner, into the intermediate marketplace. This plan provided for a combination of growth through acquisition, and organic growth though leveraging our geological, engineering and technical skills to increase the potential of the properties under management. Following is a summary of the Company's achievements over the last six month and the near term steps underway for the next six months:

1 -- We completed the acquisition of Aultra Gold, Inc.'s assets and integrated its management and technical skills with our staff's investment banking and merger/acquisition experience;

2 -- We have preserved the public company status of AGDI, which gives us an additional platform to potentially expand our operations and assets, either through organic growth, or via acquisition. We own 67% of AGDI's shares and will consolidate their financial results with ours pursuant to current accounting regulation;

3 -- We have doubled the number of mining properties from the Gold Bug and Benton mines in Oregon, to now include Basin Gulch in Montana, and Jungo in Nevada. As a result the size of our mineralization high-grade gold assets has grown from 330,000 ounces to 3 million ounces;

4 -- We have plans underway to enhance the valuation of our existing properties with additional drilling and development work. Additionally, we expect to complete a revised mining plan for the Benton site;

5 -- We continue to evaluate other complementary properties to be added into our portfolio. However, there can be no assurance that we will enter into an agreement to acquire either of these sites or that if an agreement is reached that it will be on terms favorable to the Company.

This press release uses the terms "Measured resources," "Indicated resources" and "Inferred resources," which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Begins Process to Permit Basin Gulch Project

Dutch Gold Resources, Inc. (OTCBB: DGRI) (the "Company") is pleased to announce that it has begun the process to obtain permits to conduct limited operations on the Basin Gulch property in Montana.

The Company expects to file preliminary applications with The Permitting and Compliance Division of the Montana Department of Environmental Quality prior to month end.

"We are enthusiastic about moving this process forward. The Basin Gulch property is a keystone asset of the Company. The Company is fully committed to the sustainable development of this project," said Daniel Hollis, Dutch Gold CEO.

Rauno Perttu, COO of Dutch Gold, will lead the process for Dutch Gold. Mr. Perttu has forty years experience working in permitting and compliance processes as they relate to mining activities. He and his family have been active in the environmental movement for years, and have consulted for various state regulators. "We expect to be good stewards of the resources of the State of Montana, and look forward to a positive relationship with the DEQ," said Mr. Perttu.

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Updates NI 43-101 Gold Resource at Basin Gulch Property, MT

Dutch Gold Resources, Inc. (Pinksheets:DGRI) Dutch Gold Corp. ("Dutch") engaged in the production and development of gold reserves in North America announces an updated mineral resource estimate for a portion of the Basin Gulch Project, Montana. The project is in Granite County, Montana, about 19 road miles west of Philipsburg, Montana. The new mineral resource estimate, conducted by David Brown and Associates, has been disclosed in accordance with the definition standards and guidelines on mineral resources and mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum referred to in Canadian Securities Administrators National Instrument 43-101 (NI 43-101). The estimate is for a mineralized area that was historically pattern drilled by 88 core and reverse circulation holes and sampled by a series of surface trenches to bedrock. This area is informally referred to as the "discovery block." An additional more widely scattered 235 holes have been drilled on the property. While these additional holes also intersected gold mineralization, they were not drilled in sufficiently close spacing to project a gold resource.

The estimated gold mineralization volume for the discovery block is 633 million tons grading 0.012 ounce per ton (opt) gold, using a 0.0065opt cutoff, for a contained volume of approximately 7,600,000 ounces of gold. Within this mineralization is higher-grade volume of 108 million tons grading 0.026 opt gold, containing approximately 2,800,000 ounces of gold. The gold mineralization also contains locally significant associated silver mineralization that was not included in the estimates.

Additionally, based on numerous higher-grade gold intercepts that have not yet been evaluated, Dutch expects to define very significant areas of higher-grade mineralization with future drilling, both within the discovery zone and outside it. As step-out and fill-in drilling is conducted in the gold-mineralized areas intersected by the holes outside the discovery block, Dutch anticipates the discovery will grow.

"This resource update significantly increased the size and quality of the Basin Gulch deposit. The gold resource remains open for Basin Gulch project in all directions. We are enthusiastic about the potential for future discovery, both in the discovery and in the eighty per cent of our project that is as yet undeveloped," said Daniel Hollis, CEO of Dutch Gold Resources, Inc. "This is a very large gold system. We feel that we are at an early stage of discovery in this system, and plan a three-fold program. We will expand the defined gold system; expand high-grade drill intercepts that locally exceed an ounce per ton; and we will explore identified untested potentially major high-grade targets. While the future value of this project could exceed three billion dollars at today's gold prices, according to our preliminary models, after subtracting capital expenditures, permitting, extraction and milling costs, our models indicate that this would be an economically attractive program even though gold prices dropped to their current support levels."

"This expansion on my Basin Gulch discovery is very gratifying. I look forward to step-out drilling of isolated high-grade intercepts from my earlier drilling, bulk testing of already identified shallow coarse gold areas, and particularly of drill-testing the deep boiling zone within the diatreme complex and the walls of the diatreme. I believe the diatreme complex has the potential to contain large high-grade gold zones that could become the future focus of this entire large gold system. We are initiating sequenced work on all of these programs beginning in February," said Rauno Perttu, Dutch's new Chief Operating Officer.

A Technical Report by Dutch supporting disclosure of this mineral resource will be filed with the Securities and Exchange Commission along with this press release. The Technical Report updates the project as of January 15, 2010, and outlines work on the resource and progress to date.

This press release uses the terms "Measured resources," "Indicated resources" and "Inferred resources," which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

Forward looking statements apply to this post

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Announces First Work Plan for Basin Gulch and Bulk Sampling

Dutch Gold Resources, Inc. (Pinksheets: DGRI) today announced that the Company has commissioned a bulk sampling program that will be conducted in two stages, with the first stage to be completed during the next three months. The second stage will be conducted in the spring. The Company also intends to initiate new resource expansion programs, based on new data during the Second and Third Quarters of 2010. The purpose of the programs will be to determine whether the current known resource might be more prolific than earlier thought.

During the historic drilling on the Basin Gulch property, it became apparent that areas containing coarse gold were present. To better understand the nature of the coarse gold, bulk sampling of selected drill hole intervals was historically conducted on a spread of sample grades, lithologies, and locations, utilizing 1,000 gram samples versus the original 30 gram fire assays. The bulk samples were finely crushed, followed by a two step process. First, a free gold gravity recovery of the 1,000 gram samples was conducted, followed by a fire assay of the sample tails. The head grade of the bulk samples was subsequently calculated. "The testing revealed the presence of areas containing locally significant coarse gold that had been missed by the original fire assays. The bulk sampling raised the overall average grade of the bulk-sampled drill intervals approximately forty percent above their original fire assays," commented Rauno Perttu, COO.

Added Daniel Hollis, CEO, "Because defining the areas of coarse gold could have a positive impact on the overall grade and economic development of the Basin Gulch gold system, Dutch Gold Resources plans to expand on the historic bulk sampling, utilizing the preserved historic drill core and cuttings, and also utilizing new bulk samples. The program utilizing the historic drill samples can be initiated during the first quarter of 2010. The new bulk sampling is planned to start in the spring, with improved ground conditions. Based on the data we have seen, we are quite interested to see how this might impact the size of the resource."

Disclosure: No position in DGRI; see our disclosure page.

Dutch Gold Resources Outlines Plans for 2010

Dutch Gold Resources, Inc. (Pinksheets: DGRI) announced the Company's plans going forward for 2010 and management changes to facilitate maximum growth in the coming year.

With regard to the Company's strategy for 2010:

Dutch Gold expects to make application to the Toronto Stock Exchange during First Quarter 2010. Management has undertaken steps to bring DGRI fully reporting by the end of January 2010. In a transaction aimed at expanding the ability of the Company to participate in the mining segment, Aultra Gold Resources, Inc. will become a subsidiary of DGRI, and remain publically traded, with a well defined business plan. Announcements will be forthcoming as to the nature of the Aultra plan by the end of January.

Growth and Acquisitions:

During First and Second Quarters of 2011, Dutch will focus on developing value in the Basin Gulch properties and the Jungo properties. The activities will include various drilling initiatives designed to further define the size and quality of the ore bodies in each project. During that same time frame, the Company expects to develop a long-term approach to optimize the value of the Benton Mine, and make capital allocation plans accordingly.

The Company is currently soliciting potential acquisitions of producing properties, ranging in approach from financing growth of potential joint ventures, to the outright acquisitions of production companies that are capital constrained.

Management believes that this combined approach has the potential significantly add to shareholder value, particularly, given the current macroeconomic conditions and the continued growth in gold prices.

Management Changes:

"We are very pleased to announce the appointment of Rauno Perttu, who will assume the role of Chief Operating Officer, and will join the Board of Directors," said Dan Hollis, CEO of Dutch Gold. "Mr. Perttu is an accomplished geologist, with a robust network of professional colleagues who are geologists and mining engineers. His success at finding large systems is well substantiated and we look forward to his contributions as COO of Dutch Gold Resources."

Further, the Company expects to appoint a Chief Financial Officer in the next three months. The search has been commissioned to find a seasoned growth oriented CFO with significant mining experience, and cross border compliance expertise. In the interim, the Company is utilizing experienced staff on a contract basis, as it updates its financials and SEC filings.

The Company will also realign the Board of Directors, in preparation for applications to the Toronto Exchange, as well as others. The Company expects to announce the realignments within the next week.

Disclosure: No position in DGRI; see our disclosure page.