THE GLOBAL SEARCH FOR GOLD SPECIAL — Dakota, partner to explore in Nevada

Denver-based Dakota Mining (DKT-T) and mining consulting firm Neil & Associates (NAA) will join forces to explore for gold in northeastern Nevada.

The partners will investigate three prior producing gold properties in northern Elko Cty. The properties contain geochemical anomalies similar to the gold-antimony-tungsten deposits found in the Yellow Pine mining district of central Idaho. To date, the Yellow Pine area has produced more than 700,000 oz., and Dakota and NAA believe potential exists for a similar bulk-minable gold deposit.

Dakota can maintain a 50% participating interest in the joint venture by paying US$50,000 to NAA and funding half of all exploration expenditures.

Initially, NAA will manage all exploration activities. However, Dakota may elect to assume managerial responsibility for subsequent development after contributing US$125,000 to the joint-venture exploration account.

Additionally, Dakota can acquire 94% of NAA’s interest in the three properties for US$250,000.

Work on the three gold prospects will consist of geochemical sampling, geological mapping and drill-testing, for which the joint venture will spend US$140,000. In addition, the joint venture will investigate other gold prospects with similar signatures within a 200-sq.-mile radius of its property area.