– USA, NV – Dakota Territory Resource Corp (OTCQB:DTRC), announced today the appointment of Stephen T. O’Rourke to the Company’s Board of Directors. Mr. O’Rourke served as President of Global Petroleum Exploration for BHP Billiton (BHP:NYSE) and was a member of the Senior Management Team for the corporation. Other key roles at BHPB included VP of Development Planning and VP of Appraisal and Petroleum Engineering. Prior to joining BHPB he held various senior technical and management roles for Shell Oil Company. Mr. O’Rourke is a founding partner of Strategic Management Partners LLC, a consulting firm based in Rapid City, SD specializing in energy, minerals & business development. He serves as Managing Director for Heat Mining LLC, a geothermal technology development company and is a Managing Partner for Geoparks International LLC, a geologic consulting group focused on the Black Hills of South Dakota. He is currently a non-executive board member of RESPEC, an engineering consulting firm also based in Rapid City, SD. Stephen serves as a member of the South Dakota School of Mines & Technology (SDSM&T) Geological Engineering advisory board and is Vice Chair of the SDSM&T Foundation Executive Committee. Mr. O’Rourke holds a BSc in Geological Engineering and an Honorary Doctorate of Public Service from SDSM&T and is a graduate of the Wharton School of Business Advanced Management Program.
“We are extremely pleased to have an accomplished leader such as Stephen join our board and we look forward to major contributions from him in the development and execution of a corporate business strategy,” said Jerry Aberle, CEO and President of Dakota Territory. “Stephen is a dynamic and proactive leader in the natural resources industries with the experience to reimagine the way we can build our company. His business and management experience coupled with his diverse project management and exploration background will be invaluable to Dakota Territory as we seek to cultivate investment and develop partnerships for our gold exploration and mining projects in the Black Hills of South Dakota. Stephen’s background is ideal for us to build upon the knowledge and experience our existing senior leadership team garnered from their careers with Homestake Mining Company in the district.”
In addition to joining the Board of Directors, Dakota Territory is also very pleased to announce that Mr. O’Rourke has made a significant personal investment in the Company. Subsequent to his in-depth due diligence review of the projects and data, Mr. O’Rourke purchased from the Company 750,000 of its restricted common shares at $0.10 per share, along with a warrant to purchase an additional 750,000 restricted shares of common stock at an exercise price of $0.10 per share for a period of one year. “I am very excited about the scope of opportunity Dakota Territory holds in one of the world’s most productive gold mining districts” said Mr. O’Rourke. “Dakota’s management team has developed a very compelling exploration and development plan built from an extraordinary data set, which is the direct product of decades of mining and exploration experience in the district. The Dakota team was uniquely positioned by their backgrounds to assemble the data and project portfolio. It is a privilege to join the Board of Dakota Territory Resource Corp and to bring to the Company a business strategy that I believe could ultimately result in the successful execution of the exploration and development plans”.
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 3,341 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 : http://www.dakotatrc.com
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