Drake Gold Resources Inc. OTCBB.PK symbol DKGR CUSIP Number: 26144G106
The company has recently stated in news releases that it is prepared to assemble an all-new, highly experienced, team of professionals to operate the company in the new business model. Along with updates regarding the all-new management it was also stated that the company is prepared to enter into several Letter Of Intents (L.O.I.) to acquire or joint venture with valuable precious metal assets.
If you have any questions please contact the investor relations team for Drake Gold Resources.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital.com
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DKGR SECOND NEWS RELEASE Drake Gold Resources Inc. Solidifies Position as Gold Company With New Website Monday February 13, 3:27 pm ET
VANCOUVER, WA--(MARKET WIRE)--Feb 13, 2006 -- Drake Gold Resources Inc. (Other OTCKGR.PK - News), a brand-new company that focuses on the exploration and production of precious metals, is pleased to announce that it has released its company website. http://www.drakegold.com
The Drake Gold team is preparing to completely equip the new site with all the necessary tools to educate and update the current and future shareholder base of the company. The company platform will be consistently updating with new information about Drake Gold and the gold precious metal mining sectors. The mission statement of the Drake Gold team is to offer the most comprehensive and elaborate site for the proper and full due diligence of both the individual and institutional investor.
Although the company has not released the information of the new mining-clad management team so that the public can fully understand the value of this company, there are plans as per the latest press releases to update the public as soon as possible.
Technical assays and asset information including but not limited to maps, engineering reports, pictures, etc. will also be available as soon as official announcements will be made.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the contact below.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact: Contact: Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital
posted
Drake Gold Resources Corp. (DKGR) is ready to release news in regards to the new management team and assets as soon as possible. I am sure their is alot of paperwork that needs to get done and signed??? There is probably a new share structure for the company??And is probably being worked on?? This takes alot of work...and paperwork?? Lawyers involved??? Nothing is easy..I also believe when they are done this next move will be EXPLOSIVE!!!!!!!It is said the new team via previous PR's that this team is highly experienced and well known professionals in the mining industry..The properties could be the ACE IN THE HOLE!!! We do not know how good they are????
"Although the company has not released the information of the new mining-clad management team so that the public can fully understand the value of this company, there are plans as per the latest press releases to update the public as soon as possible."
" Along with updates regarding the all-new management it was also stated that the company is prepared to enter into several Letter Of Intents (L.O.I.) to acquire or joint venture with valuable precious metal assets."
Like I said. I believe the next move will be explosive..GLTY
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US giant sets gold mining record By Andrew Trounson 14feb06 THE redevelopment of the massive Boddington project south of Perth is set to be the biggest gold-mining investment in Australian history, with Denver-based Newmont confirming the cost will exceed the $1.4 billion previously indicated.
With the gold price around its highest level in 25 years, Newmont's board is expected to give the go-ahead to the project within weeks, after the US gold giant finally agreed to buy Melbourne-based Newcrest's 22.2 per cent stake for $225 million. That raised the world's largest gold miner's interest to a controlling 66.6 per cent.
But the sale means there will be no Australian participation in the project, with South Africa's Anglo Gold Ashanti holding the remaining 33.3 per cent stake.
With production forecast at 900,000-1 million ounces a year, Boddington will challenge Newcrest's new Telfer mine in WA as the country's single largest producer when it comes onstream in 2008.
Newmont's head of Australian operations, Paul Dowd, said Boddington seemed a "good project", but the final development decision remained with Newmont's board, which had to weigh all the risks, including shortages of construction materials and labour in Western Australia.
"It is the biggest gold project in Australia and we have issues of construction risk and so on, so we are going to take a very sober view," Mr Dowd said.
Newcrest, which flagged its intention to sell in August, is focusing on its own controlled developments, include the ramp-up of Telfer.
Mining at Boddington has been shut down since 2001-02, when the higher grade ore was exhausted. Its redevelopment was complicated by Newmont's takeover of previous stakeholder Normandy Mining in 2002, differences among the joint venture partners and a low gold price that dampened enthusiasm for developing the remaining low-grade ore.
But, with gold this month hitting a 25-year high at $US575.35 an ounce, a massive open pit mining gold at a grade of less than 1 gram a tonne is a very attractive proposition.
Newmont bases its projects on a long-term gold price of $US480 an ounce.
Newcrest said it would realise a $215 million profit on the sale, with all the proceeds going to retire debt.
The sale is likely to rekindle interest in Newcrest as a takeover target, since it removes a potential distraction and cleans up the balance sheet.
But the sales price was below some expectations, given the high gold price, and analysts yesterday described it as "fair".
Newcrest shares fell 87c, or 3.4 per cent, to $24.51, weighed down by a recent pull-back in the gold price.
Drake Gold Resources Inc. has just formed under its new symbol "DKGR" and is preparing for the new management team. The new management team of mining professionals including the mining engineer/operators is ready to be announced and begin to hasten the roll out the new operations plan.
The complete resignation consists of Paul Stringer, Jerry Leslie, and Neil Grey, who are the officers and directors of the company.
Shareholders can expect a quick addition of the new management and introduction to their mining credentials as well as a quick move to announce the potential assets, acquisitions and joint ventures they have been evaluating. Letter Of Intents (L.O.I.) are in the final stages and will be released shortly after management is announced to complete the move into valuable precious metal asset sector.
It is anticipated that the new mining CEO will be announced early next week.
Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info*novakcapital.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact: Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital.com
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Drake Gold Resources Inc. Announces Resignation of Management Team to Complete Transition
VANCOUVER, WA -- (MARKET WIRE) -- 02/16/06 -- Drake Gold Resources Inc. (OTC: DKGR), a brand-new company that focuses on the exploration and production of precious metals, is pleased to announce that the full management team from its previous business model are resigning in preparation of new management announcements.
Drake Gold Resources Inc. has just formed under its new symbol "DKGR" and is preparing for the new management team. The new management team of mining professionals including the mining engineer/operators is ready to be announced and begin to hasten the roll out the new operations plan.
The complete resignation consists of Paul Stringer, Jerry Leslie, and Neil Grey, who are the officers and directors of the company.
Shareholders can expect a quick addition of the new management and introduction to their mining credentials as well as a quick move to announce the potential assets, acquisitions and joint ventures they have been evaluating. Letter Of Intents (L.O.I.) are in the final stages and will be released shortly after management is announced to complete the move into valuable precious metal asset sector.
It is anticipated that the new mining CEO will be announced early next week.
Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info*novakcapital.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Contact: Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital.com
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The Pick of the Week for Feb 20th Drake Gold Resources (DKGR) Feb 20th .014 Target Price .28 Industry: A brand-new company that focuses on The exploration and production of precious metals Disclosure: We Own Shares
posted
nice bigmomma, i like it. Nice close on friday at .014 also. Yes bmwboyee, expecting news this week on new management and possibly on properties, jv's, loi's, etc. Looking for a strong move up imo as new management steps in.
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Drake Gold Resources Inc. Announces New CEO
2006-02-22 10:37 ET - News Release
CHICAGO, IL -- (MARKET WIRE) -- 02/22/06
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=110709&ProfileId=051205&sourceType=1 Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce Francis Richard Biscan Jr. as the new CEO, effective immediately. Richard Biscan was a prime choice to replace the previous CEO with a track record that has been focused on adding shareholder value. Drake Gold's vision is based on the same principles and anticipates a profitable future.
Currently Richard Biscan holds the position as President and CEO of American Stellar Energy Inc., a successful junior mining venture. He has managed the company from a shell platform and has built up shareholder value over 500% to date by adding real assets to the company. That company is a precious metal exploration and development company, which is already producing gold and silver from its recently acquired properties. Previously, Mr. Biscan has worked for over 8 years with various public companies in the areas of business consulting, structuring, mergers and acquisitions and finance. He has served as a Director for Latitude Minerals and numerous outside advisory roles. He has also served on the Board of Timothy Christian Schools.
Mr. Biscan's objective is to become a significant gold and precious metals producer by increasing American Stellar Energy's current production at La Currita and developing the San Miguel and La Millionaria projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world.
His recent work with American Stellar Energy has shown a devotion to creating and maintaining shareholder value with established relationships within the mining industry. The company has been bringing its current filings back into compliance and is prepared to make application to be reinstated as an OTCBB traded Company once they have been completed.
Currently, Drake Gold Resources is reviewing several projects of merit and is preparing to bring in a full team of professionals to manage the direction and resources of this new gold company.
Richard Biscan had this to say, "With the current climate of the precious metals market and quality of opportunities, we are seeking to acquire and develop precious metals assets, combined with the loyal shareholder base found in our shareholders, I firmly believe that Drake Gold can become a prominent leader in micro-cap mining sector."
Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info*novakcapital.com.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Drake Gold Investor Relations Team 1-888-601-9983 1-503-618-0370 info*novakcapital.com
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