Reno, Nevada, Feb. 19, 2015 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp (OTCQB: DTRC) ("Dakota Territory"
or the "Company") is pleased to announce results from the Company's
first-pass heavy mineral stream sampling program conducted on False
Bottom and Tetro Creeks at the Company's 100% owned Blind Gold
Property in the Black Hills of South Dakota. The two creek
drainages generally flow from south to north transecting
approximately three kilometers of Dakota Territory's Blind Gold
Property. Significant gold was noted in both the False Bottom
and Tetro drainages, with a peak gold value of 6.230 grams per
tonne (gpt).
Dakota Territory commissioned the survey on the Blind Gold
Property to establish the occurence of gold in the drainages
thereby indicating the presence of a lode source on the
Property. The drainages were panned by a qualified technician
to visually establish the presence of gold, with panned
concentrates retained for assay analysis to confirm field
observations. A total of 17 program samples were assayed, all of
which returned anomalous gold values as follows; 2.100
gpt, 1.170 gpt, 0.315 gpt, 0.285 gpt,
0.171 gpt, 0.174 gpt, 0.176 gpt, 0.168 gpt, 0.158 gpt, 0.135 gpt,
0.079 gpt, 6.230 gpt, 0.111 gpt, 0.109 gpt,
2.450 gpt, 0.063 gpt, and 0.038 gpt.
The results of Dakota Territory's first-pass drainage sampling
program have conclusively established the presence of gold in the
major drainages of the Blind Gold Property and also serve to
validate historic samples collected by Homestake Mining Company
from a 700 meter section of False Bottom Creek that produced gold
values of 1.500 gpt, 0.120 gpt, 17.200
gpt, 0.110 gpt, 0.150 gpt, 1.000 gpt,
0.180 gpt, 3.960 gpt, 0.310 gpt, 0.418 gpt,
0.0.150 gpt, 1.250 gpt and 0.240 gpt.
Dakota Territory's samples were bagged and tagged in the field
and retained in secure storage at the Company's local field office
until delivered to the laboratory for assay. All sample preparation
and fire assaying work has been performed by American Assay
Laboratories Inc. ("American Assay") in Sparks,
Nevada. American Assay is an
ISO 17025:2005 accredited laboratory. Samples were
fire assayed with a 2 assay ton (60 gram) aliquot with induced
coupled plasma ("ICP") finish. Internal laboratory quality
controls were relied upon for these reconnaissance-style
samples. These controls included re-runs and the insertion of
both blank and Standardized Reference samples.
Richard Bachman, Certified Professional Geologist,
has reviewed the technical disclosure contained in this news
release and is a Qualified Person of the Company.
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
Dakota Territory Resource Corp (775) 747-0667
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.
