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Published in Stocks and Investing on Tuesday, June 16th 2009 at 12:00 GMT, Last Modified on 2009-06-16 12:01:02 by Market Wire
ATLANTA, GA--(Marketwire - June 16, 2009) - Dutch Gold Resources, Inc. (
Daniel Hollis, discussing the plan, explained, "It is our strategy to acquire producing and/or late stage development gold properties which are capable of producing cash flow within 24 months of acquisition. We are initiating this four-step strategy this quarter, and intend to take advantage of the unique opportunities that have been created in the junior gold miner sector.
"The plan couples growth from acquisition, with specific actions to enhance its internal growth, through increased production of existing properties, and further exploration. Its first step is to close its announced merger with Aultra Gold, Inc. in July 2009. Secondly, we have identified two (2) additional acquisitions, and are already involved in field review of those properties. All of these acquisitions meet the specifications defined in the plan details, and are all domestic, within the continental US, eliminating risk from political uncertainties.
"The third step in our plan is an increase in our production, through an upgrade of our production capabilities, first in Oregon, and then in Montana and Nevada. This will allow a large portion of our assets to increase in valuation as they move from a valuation based on an 'in-ground, undeveloped' rate, to an even great rate, typically assessed to gold assets in production, before refining. The Company's fourth step calls for the addition of at least three (3) additional properties, or claims, whose locations are convenient to the processing centers which will already be in place. There are currently no less than six (6) situations meeting this requirement under consideration."
Mr. Hollis further commented, "We are pleased to be moving forward with the first step of our strategy, the acquisition of AGDI. The addition of their management team significantly increases our capabilities, and provides us with the expertise to execute this plan."
About Dutch Gold Resources, Inc.
Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Company currently owns the Gold Bug Mine and leases the Benton Mine in Southwestern Oregon, and management includes strong experience in mergers and acquisitions.
About Aultra Gold, Inc.
Aultra Gold, Inc. (AGI) has been formed to become one of the leading exploration, development and acquisition gold companies in North America. Our objective is to focus on low-risk and proven reserves that will be economical and profitable for the shareholders of AGI. Its current assets include Basin Gulch and Jungo, and management includes professional geologists and production experience.
Forward-Looking Statements
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.
