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Company Profile


Dutch Gold Resources - DGRI

Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold projects in the Americas. The company searches for overlooked resources, seeking out potentially significant exploration and development targets in high value geographies. The Company has a disciplined approach to project acquisition, exploration, and development. Our criteria requires the Company to acquire projects that can be brought into production within a period of three years from date of acquisition, or have a capital event such as a spin-off or joint venture. Dutch Gold seeks to leverage its capital through strategic investments in other gold miners, with an intent of developing multiple sources of cash flow from its’ capital base.


Dutch Gold Resources believes that building value in the mining sector requires having exceptional people working on projects of significance, in keeping with the Company’s ability to bring financial discipline to the development and subsequent production of its portfolio properties.


To that end, Dutch Gold is proud the experience sets of the key members of its management team. Rauno Perttu, COO and Vice Chairman, has forty years of experience identifying and developing successful mining projects. The balance of the management consists of seasoned Merger & Acquisitions, and Corporate Finance professionals, with Dan Hollis serving as CEO and Steve Keaveney serving as CFO. Mr. Keaveny has been instrumental in the completion of two-dozen M&A assignments, along with providing over $500 million of financing to his companies. The team mission is to identify and finance opportunities to enhance the value for its shareholders.


The Company’s portfolio consists of three properties. Dutch Gold is focuses on its holdings of merit in Montana and Nevada. The Company is conducting advanced exploration and predevelopment of the large gold system at our Basin Gulch property in Montana. Our Jungo Project is a promising new discovery in Humboldt County, Nevada. The property is being actively explored and is located near the Sandman project. Dutch Gold has placed its Oregon properties into Care and Maintenance. The Company has an active acquisition pipeline.


In March of 2010, Dutch Gold spun of an existing corporate structure, creating Shamika 2 Gold, Inc. (SHMX:OTCBB). Dutch Gold holds over 5,500,000 shares of SHMX. The transaction enhances the financial statements of Dutch Gold, and provides potential sources of cash flow for DGRI in the future. Management is pleased to have leveraged its capital base, and is evaluating other opportunities to strengthen its balance sheet and cash flow.


Basin Gulch Mine


The Basin Gulch Mine is a large, open-ended, gold and silver system in Montana located in central Montana west of the historic mining towns of Philipsburg and Anaconda.  It is important to note that Basin Gulch is not affected by the recent proposed political changes affecting the North Fork Flathead Area.  This is an area with numerous historic mines, including the legendary mines at the historic town of Butte.


Recently, several conditions have changed to make Basin Gulch an exciting exploration target. Gold prices have increased.  Attitudes toward mining have improved in central Montana. Discovery and development of very large and very profitable underground mines, primarily in Nevada, have made formerly disdained underground mines very attractive to mining companies. Dutch recognized that Basin Gulch has major mining potential under current Montana law and had the historic exploration information reviewed by an independent consulting geologist.   The geological consultant completed an updated report in January 2010.  The report showed a significant increase in the volume of mineralization, using data not previously reported in an area that was historically drilled on fifty and hundred-foot spacings.  A copy of the report is available at or on the Company website,


The consulting geologist did not complete mineralization estimates for the other areas where less densely spaced drilling occurred.  These areas also encountered strong mineralization but the drilling was not on close enough centers to use for volume estimation of mineralized material.  It is important to understand that none of the historic drilling or trenching was designed to look for higher grade selectively mineable or underground mineable resources, although several strong exploration targets were identified.  Dutch believes resources discovered in these exploration targets would be minable under Montana mining law. The potential size of the exploration targets is theoretically several million ounces.


The mine was discovered by Rauno Perttu and been partly explored by 323 reverse circulation and core drill holes, totaling approximately 90,000 feet.  Approximately 17,000 feet of trenches have also been completed.  Most of the holes were shallow and largely pattern-drilled for an open-pit deposit.  The system contains multiple areas of mineralization, and an open-ended continuous area of mineralization in excess of two million ounces of mostly low-grade disseminated gold and silver, with local shallow higher-grade breccias and inferred veins. The mineralization extends locally outward for several thousand feet from a gold and silver bearing nested volcanic diatreme complex that measures approximately 2,600 feet by 3,300 feet on the surface, and appears to be related to other mineralized occurences in the local area. Approximately $3.6 million was spent on this exploration, which was focused on identifying a large open-pit minable reserve.


The most exciting target on the property is the gold and silver mineralized nested diatreme complex (overlapping volcanic breccia pipes). This diatreme complex has not been drilled to depth, and may contain high-grade gold and silver mineralization in a deeper “boiling zone”. The diatreme complex is characterized by overall low-grade gold and silver mineralization and local high-grade mineralization. Nearby shallow much smaller diatreme zones appear to be adjacent outliers to the main diatreme complex. These outliers are associated with an inferred controlling fault zone that may also be an important control for the main diatreme and for some of the inferred veins. Two of these smaller diatremes appear to contain near-surface “boiling zones”, and contain high-grade gold and silver mineralization.


It is important to note that extensive historic placer mining during the early 1900’s actually placer mined that upper surface of the diatreme complex, not recognizing its true nature, and recovered economic coarse gold.  The more recent exploration of the property encountered areas with significant coarse gold, which the Company believes will present a potentially significant “upside” to the project economics, but will also present challenges to mineralization grade evaluations.



Jungo Mine


Jungo is located approximately 50 miles northwest of the town of Winnemucca, in northwestern Nevada.


The Jungo property lies between the historic Sleeper Mines and Allied Nevada Gold Corporation’s Hycroft Mine in Humboldt County, Nevada, and southwest of and across the valley from Newmont’s Sandman project.  The Company has no direct association with any of these nearby mines.


The Hycroft Mine historically produced in excess of a million ounces of gold and recently announced that it plans to go back into production with the recent discovery of at least 5 million ounces of additional reserves.


The Sleeper Mine produced approximately 1.7 million ounces of gold, much of it from very high-grade near-surface veins. Recent exploration is finding new areas of strong ore-grade mineralization below the historic mine pit and along newly identified mineral structures outside the historic exploration area.


The Jungo property contains extensive exposures of brecciaed and silicified Paleozoic sedimentary rocks in contact with Tertiary volcanic rocks to the north and east. Surface samples from the property were anomalous in gold and silver, with several samples assaying better than 0.1 opt gold, and one sample greater than 0.6 opt. The apparent southwestern end of a siliceous gold system was exposed in the northern of two surface trenches completed by Dutch in March of 2007. Very limited exposures suggest that the possible hot springs silica associated with a minimally eroded volcanic vent extends for at least 2,000 feet northeastward under shallow alluvial cover.


Three additional trenches were dug in 2010.  Trench JTP-3 was sited 1020 feet north of the 2007 trenches and was dug in an easterly down-slope orientation to cut across the lower margin of the eastern hillside of the Jackson Mountains.  This new trench exposed altered Pretertiary meta-sedimentary and meta-igneous rocks that have been locally intruded by younger sialic shallow igneous rocks.  All of the rocks have been fundamentally shattered and sheared.


Trench JTP-3 exposed the apparent continuation of the silicic gold-bearing volcanic vent that was seen in the northern 2007 trench.  The JTP-3 trench interval from 140 feet to 270 feet contained the apparent vent zone, with erratic blocks of altered older metamorphic rocks mixed with and locally dominated by younger highly silicic gassy volcanics.  The vent is gold bearing.  The trench interval from 200 to 210 feet assayed 0.048 opt gold and 0.5-ounce silver.  The interval from 240 to 250 feet contained 0.076 opt gold and 2.6 ounces silver.  The adjacent interval from 250 to 260 feet assayed 0.017 opt gold and a half-ounce silver.


Trench JTP-2 was dug approximately 400 feet north of JTP-3. The eastern margin of trench JTP-2, the interval from 10 to 60 feet, averaged 0.028 opt gold and 0.67 opt silver.  Within this zone, the 50 to 60 foot interval assayed 0.087 opt gold and .71 opt silver.


Trench JTP-1, located 400 feet to the north of JTP-2, contained measurable gold, up to 0.007 opt, with 0.7 opt silver, but appeared to be located west of the projected gold zone.  Alluvial cover at the projection of the gold zone was too deep to trench.


All of the trenches contained evidence of abundant oxidized sulfides, shearing and silicification.  Trench JTP-3, from 210 to 240 feet, contained locally visible copper oxides.  The copper oxides are interpreted to be associated with an older period of mineralization, suggesting at least two distinct periods of mineralization.


The trenches appear to be near the southwestern end of a Tertiary volcanic mineralization event, although outcrop samples containing up to 0.1 opt gold were taken in strongly oxidized shattered metamorphic rocks several hundred feet to the south of the 2007 trenching, suggesting the mineralization may continue in both northeast and southwest directions.


Many of the 2007 and 2010 trench intervals were anomalous in gold and silver over a much broader width than the reported values.  The geology suggests to Dutch Gold Resources that the property may have multiple gold zones downhill and to the northeast, that are hidden under colluvial cover.  The geology of the trenches also suggests that the trenches exposed the lower temperature top of a gold system that could become substantially stronger deeper in the system.




Management Team


Daniel W. Hollis

CEO and Chairman


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 has been the CEO of Dutch Gold Resources, Inc. since January 2007.


Rauno Perttu

COO and Vice Chairman


Mr. Rauno Perttu, age 64, is the President and Chairman of the Company. Mr. Perttu is an Oregon-registered Engineering Geologist with almost 40 years of experience in the mining industry.

He has held senior positions with some of North America's leading resource companies. At Kennecott Corporation, he initially worked as a senior geologist, was later promoted to Coal Manager, and then to Director of Business Development. Before Kennecott, Mr. Perttu held senior geologist and management positions at Gulf Minerals, Resources International, and Pacific Power and Light Company.

For the last 20 years, he has worked as a consultant, initiating and managing exploration and development programs in North America, Chile, Columbia, and Venezuela. He has been involved in the discovery of gold and silver deposits in Montana, Utah, and Nevada. He has diverse experience in economic geology. He has evaluated companies for acquisition and commodities for diversification. He has worked internationally in all phases of mineral and metals exploration, evaluation, and development.

Mr. Perttu has managed modest-sized to major projects and programs from the initial conceptual stage through all the subsequent steps, including discovery, acquisition, and determination of economic feasibility, development and production. This background has given him experience both the technical and business aspects of the mineral industry.


Tom Leahey

Chief Financial Officer


Mr. Leahey has been at the center of the capital markets for the past 25 years. Prior to his service as Chief Financial Officer and from 2007 to 2009, Mr. Leahey served in a business development and investor role for New York City based Galtere International Fund. Prior thereto and from 2004, Mr. Leahey served as the Chief Financial Officer of NetworkD Corporation of Newport Beach, California a leading provider of infrastructure management software offices in France, Russia, the United Kingdom and Germany. Mr. Leahey was added to NetworkD’s board in 2005 and helped build the company platform by completing the acquisition of ADMS. During Mr. Leahey tenure as CFO, sales grew by 300% to where NetworkD became one of the world’s largest independent providers of infrastructure management software and related services. Leahey led the full equity sale of the company in 2008 to a large venture funded entity. Leahey continues to serve as an advisor to NetworkD’s parent company. Mr. Leahey began his career as a corporate banker working for large money center banks including Fleet Financial Group in Providence, Rhode Island and Wachovia Bank in Atlanta, Georgia where he served as Vice President of Corporate Banking. In 1993, Leahey was hired by The Maxim Group as Chief Financial Officer leading the company through its initial public offering of stock (IPO). Mr. Leahey joined Atlanta based STI Knowledge in 2000 as Chief Financial Officer. Mr. Leahey received his BS Degree in Economics from Florida State University.




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