Aug 27, 2009
Dutch Gold Resources, Inc. is engaged in the business of development and production of gold properties, primarily in the Western United States. The Corporate mission is to find and development significant gold properties.
Dutch Gold Resources, Inc.
3500 Lenox Road NE
Suite 1500
Atlanta, GA 30326
Phone: 404-419-2440
Fax: 866-782-6061
http://www.dutchgoldresources.com
Market Data
Price: 0.18
Market Cap: $16.8M
Out Shares: 84M
Exchange: OTC.PK
Stock Chart
Overview
Dutch Gold Resources, Inc. owns the lease of The Benton Mine consisting of 24 gold mining claims on 480 acres; which are all in good standing including 8 patented claims and 16 claims located on US Forest Service Land. Dutch Gold also owns the adjacent Gold Bug Mine on 110 acres with 5.5 patented claims.
Dutch Gold Resources, Inc. acquired these interests in a share exchange agreement with Dutch Mining, LLC. The mines are located near Grants Pass, OR.
The Benton Mine was the largest gold mine in southwest Oregon during the late 1930's. It was founded in 1893 and was the largest underground mine in Oregon. World War II created a major setback for gold mining. During 1942, the War Production Board passed an order titled L-208 which stopped all non-essential mining; gold mining was included as non-essential. The order was revoked a few years later, however until recently the Benton Mine had been absent from commercial operations since 1942.
The Benton mine is an advanced stage development and production project with a substantial investment already made in recent exploration and development which has started delivering gold concentrate in 2007. Dutch Gold recently completed the construction and fine tuning of its ore mill. This is the only permitted, commercial scale mill in Oregon.
From 1994 to 1996 Dutch Mining LLC invested over $4.5 million exploring and developing the Benton Mine and undertook a baseline study for all the necessary permits to operate the mine and build an ore mill to produce gold ore concentrate. While mining the known ore bodies, the Company feels there is also the potential to significantly upgrade the resource base of Benton by drilling out areas untapped by historic mining and drilling.
In January 2005 Dutch Mining reopened the Benton Mine and performed a full rehabilitation of the mine, and built a new gold ore mill to process 330 tons of ore per day which can be increased to 450 tons as needed. From January 2005 until the present approximately $4.5 million of additional investments were made.
The Gold Bug Mine is owned by Dutch Gold Resources, Inc. From its discovery until 1942, it produced an average of two ounces of free gold per ton generating $750,000 of income when gold was at $20 an ounce. As soon as the Benton Mine is in full production we will begin further exploration and development of the Gold Bug Mine.
Leadership
Daniel W. Hollis, Director & CEO
Mr. Hollis brings thirty years of corporate finance and management experience to the Company. He is a seasoned entrepreneur with a background in venture capital, private and public company funding. His experience includes turn around situations, and development of fast growth management teams for special situations. He has served as an officer and adviser to numerous private and public growth companies.
Mr. Hollis served as Registered Principal of Investacorp, Inc., a NASD broker-dealer, where he had supervisory responsibilities for the State of Georgia. He is a member of the National Association of Investment Bankers.
Ewald J. Dienhart, Chairman of the Board
Mr. Dienhart has an extensive background in real estate development, corporate finance and mining development.
His project developments in Germany since 1983 have been valued at over 2 Billion (DM). In North America, his real estate development projects include the construction of 22 factory outlets. His interest in mining is focused on the reactivation and financing of promising natural resource properties.
Dr. Wilhelm H. Debor, Director
Dr. Debor is an accomplished attorney, with an extensive background in finance. Since the beginning of his career, Dr. Debor has held progressively more responsible positions with Swiss Bank Corporation and Chase Manhattan Bank. He was responsible for Credit for Commercial Real Estate with Deutsche Bank Group until 1990 when he joined DePfa Bank Group in Frankfurt, Germany where he served until 2000. Subsequently he has been the principal in Debor Consulting, advising on large corporate and real estate transactions.
Lance Rosmarin, Director
Mr. Rosmarin has served as Secretary and a Director of the Company since July 22, 1996. He has held various executive positions with, and Board seats on public companies over the past fifteen years.
Mr. Rosmarin received a Bachelor of Science Degree in Finance and Marketing from the University of Texas in 1985, and an MBA Degree in Finance from the University of Texas in 1988.
James L. Browne, Director
Mr. Browne is a prominent geologist with extensive expertise in evaluating properties, particularly in the regions of Idaho and Oregon. He began his career in 1956 after obtaining a Master of Science degree in geology from Michigan Technological University. Since 1992, Mr. Browne has been a consulting geologist conducting property evaluations, open pit geology and ore reserve definition at the Company's Benton Mine. Previously, Mr. Browne held positions at Helca Mining where he supervised a crew of geologists and participated in discoveries leading to substantial benefit to Helca. He also held the position of Chief Exploration Engineer for Day Mines, Inc. in Idaho where he was responsible for the company's exploration Board of Geology for ten years and property evaluation efforts. Day Mines merged into Helca Mining Co. in 1981.
Earlier in his career, Mr. Browne held the position of Northwest Geologist for Copper Range Mining Company and American Zinc Company. He is a registered geologist in both Idaho, having served on the Idaho and Oregon and a member of SME (Society for Mining, Metallurgy and Exploration). He was a member of the Idaho Board of Registration for Professional Geologists
News
· Dutch Gold Resources Announces Drilling Plans for Aultra Gold, Inc. Montana Projects, Progress on NI 43-101 Report
· Dutch Gold Resources Outlines Permitting and Development Plans Following Merger With Aultra Gold
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