Reno, Nevada, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (OTCQB: DTRC)
("Dakota Territory" or the "Company") is pleased to announce the
formation of its' Strategic Advisory Committee to provide guidance
to the Company in the execution of its corporate business and
exploration strategies. The Strategic Advisory Committee's
initial members are William Lindqvist, Dennis Goldstein and Michael
Carroll, who are all former senior executives of Homestake Mining
Company and investors in Dakota Territory.
In announcing the formation of the Strategic Advisory Committee,
Richard Bachman, President and CEO of Dakota Territory stated "The
Homestake Mine produced 40 million ounces of gold over its 125 year
history. In an environment of low gold prices in the1980's
and 1990's, Homestake Mining Company invested 70 million dollars in
the search for a repeat of the Homestake Deposit in the Black Hills
of South Dakota. As Dakota Territory resumes that effort
today, we believe our shareholders stand to benefit greatly from
our experience with Homestake's historic programs and the
successful results those programs generated. We are extremely
grateful to add 115 years of combined leadership experience in the
mining industry that Bill, Dennis and Mike bring to our Advisory
Committee".
Dennis Goldstein
Mr. Goldstein has 40 years' experience in the
mining and oil and gas industries, including 26 years with
Homestake Mining Company where he served as Vice-President and
Corporate Counsel. Mr. Goldstein is a natural resources
consultant engaged in the private practice of mining and oil and
gas law in San Francisco, California. Mr Goldstein is a
member of the California Bar Association and currently serves on
the Board of Directors of FX Energy Inc. and AM Gold Inc. Mr.
Goldstein obtained his undergraduate degree at Brown University and
is a graduate of the Stanford University Law School and the
Executive Program of the Stanford University Graduate School of
Business.
Michael Carroll
Mr. Carroll is a financial consultant with over 30 years of
financial management experience in the mining
industry, including 11 years with Homestake Mining
Company where he served as Vice-President and Treasurer.
Mr. Carroll has also served as Senior Vice President and CFO
for Cumberland Resources Ltd. and currently serves as a member of
the Board of Directors for Pan American Silver Corporation.
Mr. Carroll is a graduate of the University of Missouri-St.
Louis and is a Certified Public Accountant.
William Lindqvist
Mr. Lindqvist has 45 years' experience in mining and minerals
industry, including 5 years with Homestake Mining Company where he
served as Vice President, Exploration. Mr. Lindqvist has
served as a director of numerous public exploration and mining
companies and currently serves on the Board of Directors of Andean
Gold Inc., Evolving Gold Corporation, Luna Gold Corp. and Canada
Coal Inc. Mr. Lindqvist's extensive exploration experience
includes participation in the discovery of the Chimney Creek, Mule
Canyon, Ruby Hill, and Gold Hill gold deposits in Nevada; Mesquite
gold deposit in California; Shafter silver deposit in Texas; Ortiz
gold deposit in New Mexico; Eskay Creek gold-silver massive sulfide
deposit extensions in British Columbia; Jeronimo gold manto in
northern Chile; Gosowong bonanza epithermal gold depositin
Indonesia; Cadia East gold-copper deposit and the Just-in-Case and
Telfer Deeps gold deposits in Australia; and Sappes gold deposit in
Greece. Mr. Lindqvist is a graduate of Otago School of Mines,
New Zealand - B.E. Mineral Engineering; University of Adelaide,
Australia - B.Sc. Hons Economic Geology; and Royal School of Mines,
London - PhD. Applied Geology.
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 2,466 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 is uniquely positioned by the experience of its
management team in the Homestake District to leverage the extensive
exploration efforts of the past. 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.
