Dakota Territory Resource Corp. , is pleased to announce that the Company has hired Mr. Mark Rantapaa to fill the position of Manager of Black Hills Operations. Mr. Rantapaa will be responsible for the conduct of all of the Company's exploration and mining activities in the Black Hills and has been charged with development of policy and programs necessary to the achievement of Dakota Territory's goals for excellence in [...]
Dakota Territory Resource Corp. , is pleased to announce that the Company has substantially increased its land holdings in the Homestake District of the Black Hills of South Dakota through the staking of 158 unpatented lode mining claims covering approximately 2,740 acres. The acquisition has been based on continuing analysis of the Company's historic data sets coupled with new insights derived from the Company's [...]
Dakota Territory Resource Corp. , is pleased to announce that the Company has further increased its land holdings in the Black Hills of South Dakota through the staking of 64 unpatented lode mining claims covering approximately 1,092 acres located south and to the west of the former Homestake Gold Mine. The Poorman Anticline is the southwestern-most extension of the Homestake iron-formation host in the district. Gold [...]
Dakota Territory Resource Corp. , is pleased to announce that the Company has declared a special cash dividend of $0.055 per common share, payable January 4, 2021 to holders of record on December 22, 2020. There are a total of 150,181,631 shares of Dakota Territory common stock issued and outstanding, with options also outstanding to purchase up to 1,800,000 additional shares of common stock. The holders of 72,666,667 [...]
Dakota Territory Resource Corp. , is pleased to announce that Dakota Territory has closed the previously announced transaction to purchase the Maitland Gold Property in the Black Hills of South Dakota from Homestake Mining Company of California, a wholly owned subsidiary of Barrick Gold Corporation . At closing, the Company paid Barrick $3.5 million cash and issued 3 million shares of its common stock valued at $0.44 per [...]
Dakota Territory Resource Corp. , is pleased to announce that Dakota Territory has entered into a definitive agreement to purchase the Maitland Gold Property in the Black Hills of South Dakota from Homestake Mining Company of California, a wholly owned subsidiary of Barrick Gold Corporation . Pursuant to the terms of the definitive agreement, the Company has agreed to pay consideration to Barrick comprised of $3.5 million [...]
Dakota Territory Resource Corp. is pleased to announce that pursuant to the purchase right agreement signed on May 26, 2020, JR Resources Corp has purchased 69,666,667 shares of Dakota Territory’s common stock for aggregate consideration of $10,450,000, $9,000,000 in cash and $1,450,000 upon conversion of the principal amount of the May 2020 promissory note. Dakota Territory will utilize the proceeds of this closing to [...]
Dakota Territory Resource Corp. , is pleased to announce that the Company has increased its land holdings in the Homestake District of the Black Hills of South Dakota through the staking of 50 unpatented lode mining claims covering approximately 840 acres at the historic Ragged Top Gold Camp. Tertiary-aged gold mineralization in the Ragged Top area is hosted primarily in the Paha Sapa Limestone formation and has been [...]
Dakota Territory Resource Corp. is pleased to announce that Mark Merchen of M3 Strategies has agreed to join our executive team as Director of Government and Public Affairs. “Mark has deep roots in the Black Hills and his experiences in major regional economic development endeavors in South Dakota makes him a perfect fit for our team as we look ahead” said Co-Founder, President and CEO Jerry Aberle. “Building a world [...]
Dakota Territory Resource Corp. , is pleased to announce that New-Sense Geophysics Ltd. has completed data acquisition for Dakota Territory’s high-resolution helicopter-borne magnetic and radiometric survey of the Homestake District in the Northern Black Hills of South Dakota. “For Dakota Territory, this was a significant investment that provides us the first ever high-resolution survey flown over the greater Northern [...]
Dakota Territory Resource Corp. , is pleased to announce that the Company has substantially increased its land holdings in the Black Hills of South Dakota through the staking of 166 unpatented lode mining claims covering approximately 3,152 acres located immediately north and adjacent to the Company’s City Creek Property. The project area was first expanded in 2018 on the basis of inversion modeling of historical [...]
Dakota Territory Resource Corp. is pleased to announce that the Company has secured the services of New-Sense Geophysics Ltd. to undertake a high resolution helicopter-borne district scale magnetic and radiometric survey of the Northern Black Hills of South Dakota. New-Sense is a recognized industry leader in the collection and data processing of airborne geophysics. Robert B. Ellis has also been engaged to consult on the [...]