Dutch Gold Leases Historic Minnie Moore Mine
ATLANTA - Dutch Gold Resources, Inc. reported that it has entered into a definitive agreement to lease the Minnie Moore Mine property, near the town of Bellevue, in southern central Idaho. The historic Minnie Moore Mine is located immediately west of Bellevue, in the Mineral Hill mining district in Blaine County. The Company entered into a lease agreement with the current owners and was granted an Option to Purchase the property.
Historically, the Minnie Moore vein produced high-grade silver, lead, zinc ore.The property contains numerous other vein structures, and additionally produced copper and gold.Shallow production drilling during rock quarrying by the property owner intersected massive galena with strong silver values. This previously unknown lens of mineralization, which may be a parallel outlier of the Minnie Moore vein, will be evaluated, as will other occurrences of strong gold and silver mineralization that have been identified to DGRI by the property owner. Additionally, the extensive historic mine dumps are believed to contain potentially economically recoverable values and will be assessed. The property is currently permitted, allowing work to begin quickly.
Carl Johnson, owner of the project, commented, "The Minnie Moore Mine hasn't reached its full potential. There are a number of very interesting areas of high mineralization for development and exploration. We have an extensive amount of data from earlier drilling, which, when combined with new drilling, provide a road map to progress. Dutch Gold will focus on sustainable mining, with a view to the long term."
Rauno Perttu, COO of Dutch Gold, said, "The high silver values in the limited sample of the new lens are similar to the historic high grade production from the historic Minnie Moore vein. We will determine the size and geometry of this new discovery with a shallow drilling program. Concurrently, we will test the dumps for grade and recoverability of contained values. We also plan to test other targets on the property that we have been made aware of by Carl Johnston.
the property owner. We are mobilizing a core drill to begin work as early as next week." The Company expects to confirm mobilization plans during the first full week of October, 2011.
The company's address is 3500 Lenox Road, Suite 1500, Atlanta, GA 30326, 404-419-2440.