Dutch Gold Resources! Link here to view the images of the Benton mine.
DGRI — Up and Running with GOLD showing no signs of backing down.
Lately GOLD is a synonym for savvy investor. Gold has been on a long-term upswing, tripling in value since 2001 to a recent $760 an ounce–not far from its all-time high of $850 an ounce, set in 1980. The surge has ignited a rally in mining stocks as well, with many of them near yearly highs.
If the global boom continues, if inflation ticks up and the dollar ticks down, the long-term rally will continue.
BOTTOM LINE: Consumption of gold has been growing almost twice as fast as its production. Another stock-market crisis could turn more investors into gold bugs because the metal is often considered the ultimate safe harbor.
For now, a test of the $850-an-ounce historic high seems inevitable. Even predictions of $1,000 or more don’t seem terribly outlandish, when you consider that in inflation-adjusted terms, gold’s 1980 peak translates to $1,700 today. But even believers should beware the metal’s volatility and keep holdings of gold funds or stocks to 5% of assets.
DGRI has issued public guidance indicating that The Company has made a new, meaningful find in a completely untapped area of the Benton Mine.
DGRI recently announced the discovery of new ore bodies in previously unexplored acreage in its Benton Mine. DGRI has struck multiple vein structures to the South of existing production areas following the recent deployment of its new Hagby ONRAM 1000/3 Core Drill.
DGRI is leveraging the expanded capabilities of the Hagby equipment and is now actively drilling previously unexplored acreage within the Benton Mine, farther and faster than previous efforts.
Dutch Gold Resources published reserves can be reviewed here in their most recent SEC Filings.
Benton Mine
Source: Dutch Gold Resources
Dutch Gold Resources, Inc. 3500 Lenox Road
Suite 1500
Atlanta, GA 30326
Phone: (404) 419-2440
Email: info@dutchgoldresources.com
Website: www.dutchgoldresources.com
Investor Relations: David K. Waldman / Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
About Dutch Gold Resources, Inc.: In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words “expect,” “anticipate,” “estimate,” “project,” “forecast,” “outlook,” “target,” “objective,” “plan,” “goal,” “pursue,” “on track,” and similar expressions, are “forward-looking statements” and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
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