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Drake Gold Resources Inc. Signs First Right to Refusal on Ten (10) Projects From Thunder Gulch Resources Ltd.
VANCOUVER, BC -- (MARKET WIRE) -- 03/09/06 -- Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce that the company has signed for first right to refusal on Ten (10) projects from Thunder Gulch Resources Ltd.
Currently TGR has access and is completing evaluation and sampling in over Ten (10) projects located in a diversified array of areas for Drake Gold Resources Inc. to acquire. The company is reviewing areas throughout the United States along popular trends in Arizona, Oregon and Alaska. TGR is also reviewing locations throughout Canada in British Columbia and the Yukon Territories. Other properties have been presented to the company in popular gold districts in Northern Mexico as well that TGR is now considering.
TGR recently agreed to a 48-month contract to performing services and operations for Drake Gold Resources Inc. Letter of Intents have been drawn up for what Drake Gold Resources Inc. and TGR have found to be in the best interest of the company initially and it is the companies intention to release the information on the specific properties that have been chosen for initial operations as soon as possible which could be in the next couple days.
The president of Thunder Gulch Resources Ltd. said, "We have had opportunities mounting that we have been very eager to explore and have waiting for the right company and team we believed would have the integrity and ability that we would want to operate with for a long-term affiliation, Drake Gold Resources Inc. is that team."
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.
About Thunder Gulch Resources LTD.
Thunder Gulch Resources Ltd. (TGR) is an independent mining operator and project developer. The history of TGR is expansive and lengthy with success in mining ventures. The principle of TGR has operated exploration and development programs in Canada, United States, Venezuela, Africa and Russia and have set up mines on four continents: Asia, South America, Africa, and North America. The company combines over 30 years of mining, prospecting, evaluation, and operation expertise through its team of engineers and professionals.
Currently TGR has access and is completing evaluation and sampling in over Ten (10) projects located in a diversified array of areas for Drake Gold Resources Inc. to acquire. The company is reviewing areas throughout the United States along popular trends in Arizona, Oregon and Alaska. TGR is also reviewing locations throughout Canada in British Columbia and the Yukon Territories. Other properties have been presented to the company in popular gold districts in Northern Mexico as well that TGR is now considering.
About Drake Gold Resources Inc.
Drake Gold Resources Inc. is an early stage mining company that focuses on the exploration and production of precious metals. Several projects have been identified through Thunder Gulch Resources Ltd. and its resources in North and Central America, which will be released as the agreements are completed. The company has allied itself with a team of professionals including Richard Biscan of Tara Gold Resources Inc. and Thunder Gulch Resources Ltd.
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. 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.
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