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dakota territory resource co (DTRC) Details

Dakota Territory Resource Corp., a mining exploration stage company, engages in the acquisition, exploration, and development of gold properties in the United States. It holds 100% ownership interests in three mineral properties located in the Black Hills of South Dakota, including the Blind Gold, City Creek, and Homestake Paleoplacer Properties covering a total of approximately 3,057 acres. The company is headquartered in Reno, Nevada.

dakota territory resource co (DTRC) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $120.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $20.0K
Chief Operating Officer, Vice President and D...
Total Annual Compensation: $108.0K
Compensation as of Fiscal Year 2014.

dakota territory resource co (DTRC) Key Developments

Dakota Territory Resource Corp Announces Assay Results from the First Surface Sampling Program Conducted on its 100% Owned Blind Gold Property in the Northern Black Hills of South Dakota

Dakota Territory Resource Corp. announced assay results from the company's first surface sampling program conducted on its 100% owned Blind Gold Property in the northern Black Hills of South Dakota. The program identified a zone of high grade gold mineralization in the Mississippian-age Pahasapa Limestone on surface, with a peak gold assay value of 9.44 grams per tonne. The company's first pass surface sampling program was focused on tertiary-aged gold mineralization in the younger sedimentary and intrusive formations that cover Dakota Territory's primary targets at the Blind Gold Property, which are hosted in the underlying Homestake Iron-Formation. A total of 37 grab and pick samples were collected across the Blind Gold Property, with the most notable results returned from 14 samples taken in close proximity to historic workings located to the east of Tetro Rock at the center of the property. The historic workings in the Tetro Rock area include numerous pits, trenches and shallow adits excavated over a horizontal distance extending approximately 540 meters along the indicated North - South trend of mineralization. Samples collected by Dakota Territory were taken from the outcrop and dumps created by the historic mining activity over the entire length of the trend. Gold mineralization in the Tetro Rock area appears to be hosted in flat lying, silicified layers of Pahasapa Limestone that have been cut by vertical fissure veins proximal to a Tertiary-aged Phonolite laccolith. Nearly 5 million ounces of gold has been produced from Tertiary-aged gold deposits in the Homestake District. Such deposits are most commonly hosted in the Deadwood Formation; however, significant historic gold production has been realized from similar deposits hosted in the Pahasapa Limestone at Carbonate Camp, located approximately 5 kilometers to the west of the Blind Gold Property. All program samples collected are point or grab samples from in situ rock outcrop, dumps from historic workings, or float. Sample size averaged 2 kilograms in weight, with none being less than 1.3 kg. Samples were bagged and tagged in the field then retained in secure storage at the Company's local field office until shipment. Shipment was by Fedex to Sparks, Nevada. All sample preparation and fire assaying work has been performed by American Assay Laboratories Inc. Samples were fire assayed with a 1 assay ton (30 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.

Dakota Territory Resource Corp. Plans to Commence Its First Drill Programs in the Homestake District of the Black Hills of South Dakota in September 2014

Dakota Territory Resource Corp. announced that the company currently plans to commence its first drill programs in the Homestake District of the Black Hills of South Dakota in September 2014. The company's first holes will be drilled on the Homestake Paleoplacer, a fossil gold placer deposit sourced from the legendary Homestake Lode, located approximately one mile south of Dakota's Paleoplacer Property. Between 1876 and 2002, the Homestake Lode yielded just over 40 million ounces of gold valued at $52 billion at today's $1,300 gold price.

Dakota Territory Resource Corp. Presents at Third Annual Marcum MicroCap Conference, May-29-2014

Dakota Territory Resource Corp. Presents at Third Annual Marcum MicroCap Conference, May-29-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street, New York, NY 10017, United States. Speakers: Rick Bachman, CEO.


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