Dutch Gold Resources Signs LOI for Montana JV.
AIRLINE INDUSTRY INFORMATION-(C)1997-2012 M2 COMMUNICATIONS
30 July 2012
Dutch Gold Resources, Inc. (OTCQB: DGRI) said that it has signed a letter of intent to joint venture a project in Montana with Trelis Corp., a private company. The company plans to complete a bulk sampling program prior to the execution of final agreements.
Trelis Corp. has ten year leases on several parcels formerly known as the Cowan Bar Holdings. These parcels are lying along Grasshopper Creek in Beaverhead County commencing at a point approximately four miles downstream of Bannack, Montana, and continuing downstream to the eastern end of Z Canyon, contiguous except as noted herein.
It has been named the "Grasshopper Placer Mining Group" due to its location and the method of mining that will be used to extract gold and other precious metals from the location. The majority of this land, all within the Bannack Mining District, has never been mined, despite the rich history of claims immediately downstream of Bannack.
Based on the results of the bulk sample, the company hopes to mobilize equipment Q3 2012, with limited production Q4 2012. The company has already advanced its capital commitment to the project and expects to complete final agreements with Trelis Corp. by August 25, 2012.
Dutch Gold Resources is engaged in the acquisition and development of gold properties in North America. For further information, see www.DutchGold.com.
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|Title Annotation:||Trelis Corp.; letter of intent|
|Comment:||Dutch Gold Resources Signs LOI for Montana JV.(Trelis Corp.)(letter of intent )|
|Publication:||Airline Industry Information|
|Article Type:||Brief article|
|Date:||Jul 30, 2012|
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