Dutch Gold retains David Brown & Associates
by Jo Black
Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, has retained David Brown & Associates to provide an update of its independent third party assessments of the Benton and Gold Bug mines. David Brown & Associates originally conducted an assessment of the Benton Mine in the spring of 2006, which indicated total reserves of 279,000 ounces of gold, consisting of 44,000 proven and 235,000 of probable ounces of reserves. The company began a drilling program during the second quarter 2007, and believes that the drilling data as well as the additional veins explored warrant updating the earlier study.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, said that given the extensive amount of development and exploration work we have done since our properties were last assessed, an update of these findings is warranted. David Brown & Associates has done exemplary work for us in the past and we look forward to the completion of this latest update on our properties and estimate of ore reserves. The methodology for the property assessments will include basic geometric shapes and standard three-dimensional vein modeling. The report will be done according to the NI 43-101 format which is standard in the industry. A preliminary report is expected to be completed by the end of the second quarter.
Hollis further said that as we near completion of our most recent financial statement for filing with the SEC, a current and accurate assessment of our assets is an important component to the process. This assessment is also necessary for developing affective and efficient mining plans in our operations. We have gathered a significant amount of information about the Benton Mine and have additional data on new areas that we have explored. Proper interpretation of this information is critical to helping us fully evaluate the scope of our resource and bring about mining plans for the future that are effective and efficient.
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