Dakota Territory Resource Corp Advances Planned Gold Drilling Programs and Engages CDM Smith for Environmental Permitting
Reno, Nevada, July 2, 2014 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp. (OTCQB: DTRC) ("Dakota Territory" or the "Company"), is pleased to announce that the Company has engaged CDM Smith to provide environmental consulting services in preparation for the Company's upcoming drill programs in the Homestake District of the Black Hills of South Dakota. CDM Smith will provide its expertise and services in the preparation of State Exploration Notice of Intent Permits for the Blind Gold and Homestake Paleoplacer Properties and in the preparation of its application for a Forest Service Plan of Operations for drilling operations on the Blind Gold Property.
Dakota Territory intends to conduct its first drill program during the summer-fall of 2014 on its Paleoplacer Property. The drill program has been designed to test the higher grade core gold mineralization of the channel extension north of the recently acquired Deadbroke, Gustin and Minerva Mines and to validate and extend the mineralization identified by Homestake Mining Company's historic drill programs of the 1980's that lies some 1,800 feet to the north of the Deadbroke, Gustin and Minerva Mines.
Richard Bachman, Dakota Territory's President and CEO stated "2014 is turning out to be the perfect time to resume the exploration work already begun on our properties. The gold business is changing and the value of high quality projects located in safe low cost jurisdictions is increasingly being recognized. At the same time, difficult market conditions have created an absence of new results in that space. We have great conviction that drill results from our high-grade, free milling targets will significantly advance Dakota Territory".
About CDM Smith
For more than 65 years, CDM Smith has provided innovative solutions combined with responsive, professional service to mining clients. As a full-service engineering and construction firm, CDM Smith delivers exceptional client service, quality results and enduring value across the entire project life cycle. With annual revenues of more than $1 billion, and more than 5,000 professionals in over 125 offices worldwide, CDM Smith maintains the size, stability, and resources to take on a wide range of projects successfully.
CDM Smith's experience in mine permitting projects includes exploration permitting, mine/mill permitting, baseline monitoring program design, tailings impoundment analyses, hydrogeology and environmental geochemistry analyses, geologic hazard evaluation, reclamation planning and implementation, and utility corridor evaluations. CDM Smith also performs baseline surveys for wildlife, vegetation, cultural resources, air quality and other resources; prepares environmental assessments and environmental impact assessments; completes water rights evaluations; and provides expert witness testimony for mine permit hearings. CDM Smith provides support during the entire permitting process from strategy development through negotiation of comprehensive exploration and mining permits.
CDM Smith's permitting team for Dakota Territory Resource Corp. will be led by Mark Nelson. Mr. Nelson is a mine environmental specialist and geologist with 26 years of professional experience, much of that gained working on permitting, gold exploration, mining and mine environmental projects in the Black Hills of South Dakota. Mr. Nelson has worked on numerous gold exploration permits in South Dakota, which collectively approved thousands of exploration drill holes and tens of miles of new exploration drill roads in the northern and central Black Hills. Mr. Nelson holds a Master's Degree in Geology and Geological Engineering from South Dakota School of Mines and Technology and is a Certified Professional Geologist with the American Institute of Professional Geologists.
http://cdmsmith.com/en-US/Discover-Us/About-Us/Facts-about-CDM-Smith.aspx
About Dakota Territory Resource Corp
Dakota Territory Resource Corp. is a Nevada Corporation with offices located at Reno, Nevada. Dakota Territory is committed to creating shareholder value through the acquisition and responsible exploration and development of high caliber gold properties in the Black Hills of South Dakota.
In terms of total historic US gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District. Dakota Territory maintains 100% ownership of three mineral properties including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,057 acres. The Blind Gold Property is located approximately 4 miles northwest and on structural trend with the historic Homestake Gold Mine. Through its 125 year production history, the Homestake Gold Mine produced approximately 40 million ounces of gold and is the largest iron-formation-hosted gold deposit in the world
In the 1980's and 1990's Homestake Mining Company undertook a $70 million exploration program managed by Richard Bachman, president and chief executive officer of Dakota Territory that was focused primarily on the search for a repeat of the Homestake Mine. This program successfully discovered significant new gold mineralization beyond the confines of the producing mine, demonstrating repeatability and the potential for additional gold deposits in the Homestake iron-formation host. This program also proved the continuous extension of the Homestake iron-formation to a distance of approximately 4 miles from the producing mine and under the Blind Gold Property.
Dakota Territory Resource Corp. is uniquely positioned to leverage Management's extensive exploration and mining experience in the Black Hills of South Dakota with Homestake Mining Company. For more information on Dakota Territory, please visit the Company's website at http://DakotaTRC.com/.
Investor Relations
Investor Relations Contact: For more information, please contact Constellation Asset Advisors, Inc. (775) 771-5808
Cautionary Note to U.S. Investors
The United States Securities and Exchange Commission ("SEC") limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. Our property currently does not contain any known proven or probable ore reserves under SEC reporting standards. Our reference above to the various formations and mineralization believed to exist in our property as compared to historical results and estimates from other property in the district is illustrative only for comparative purposes and is no indication that similar results will be obtained with respect to our property. U.S. investors are urged to consider closely the disclosure in our latest reports filed with the SEC. You can review and obtain copies of these filings at http://www.sec.gov/edgar.shtml.
Safe Harbor Statement
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.
