Jan 5 2011
Dutch Gold Resources, Inc. today announced that it will complete Phase One of its previously announced drilling program on or before January 10, 2011.
The Company is pleased that the project will be completed within budget and in an acceptable time frame.
The initial angled core hole is being drilled on the Jungo property to begin to create a three dimensional model of the geology exposed by the previous trenching. The hole will be drilled to undercut trench JPT3, which was excavated in 2010. In particular, the hole will focus on the orientation and downward development of the volcanic venting exposed in the trench. Among the mineralization encountered in the vent breccia was a ten-foot zone that assayed 2.58 grams of gold and 89 grams silver. The company expects to complete the initial core hole by the fifteenth of January.
"We expect to have results from the drilling analyzed by the end of January 2011, beginning what the Company believes to be a very active exploration and development year," said Daniel Hollis, CEO.
Source: Dutch Gold Resources, Inc.