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DTRC - Dakota Territory Resource News Story

$0.545 -0.0  -6.0%

Last Trade - 16/04/21

Basic Materials
Small Cap
Market Cap £88.6m
Enterprise Value £88.7m
Revenue £n/a
Position in Universe 4982nd / 6850

Dakota Territory Resource Corp Announces Black Hills Property Acquisition

Tue 26th January, 2021 2:10pm
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Lead, South Dakota, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Dakota Territory
Resource Corp (OTCQB: DTRC) ("Dakota Territory" or the "Company"), 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
district-scale airborne geophysical survey flown during the summer of 2020.

Dakota Territory’s most recent work has increased the acreage of three of
the Company’s existing project areas.  At the west side of the Homestake
District, the Tinton property has been extended to the north and northwest
adding approximately 1,966 acres to the original claim block.  In the central
region of the District, the West Corridor property has been extended west to
Cleopatra Creek covering approximately 275 additional acres between Richmond
Hill and Wharf gold mines, and the Blind Gold Property has been expanded west
adding approximately 499 acres immediately north of the Richmond Hill Mine.

The Company’s land acquisition represents a sizeable addition to the
Company's property portfolio in the Black Hills.  Dakota Territory now
controls approximately 18,182 acres of brownfields mineral property in one of
America’s great gold districts.  Dakota Territory is committed to
strategically expanding its land package in the Black Hills as industry
interest builds for gold exploration in the safe, low-cost jurisdictions of
the United States with a history of large-scale gold production.

About Dakota Territory Resource Corp

Dakota Territory is a Nevada Corporation with its offices located at Lead,
South Dakota.  Dakota Territory maintains 100% ownership of eight gold
properties covering approximately 18,182 acres of the Northern Black Hills of
South Dakota, including the Blind Gold, City Creek, West Corridor, Homestake
Paleoplacer, Ragged Top, Tinton, Maitland and Poorman Anticline Properties. 
Dakota Territory is uniquely positioned to leverage Management’s extensive
exploration and mining experience in the District with Homestake Mining
Company. For more information on Dakota Territory, please visit the Company's
website at http://DakotaTRC.com.

Investor Relations

Investor Relations Contact: For more information, please contact Dakota
Territory Resource Corp (605) 717-2540

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission ("SEC") limits disclosure
for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. Our property currently does not
contain any known proven or probable ore reserves under SEC reporting
standards. Our reference above to the various formations and mineralization
believed to exist in our property as compared to historical results and
estimates from other property in the district is illustrative only for
comparative purposes and is no indication that similar results will be
obtained with respect to our property. U.S. investors are urged to consider
closely the disclosure in our latest reports filed with the SEC. You can
review and obtain copies of these filings at http://www.sec.gov/edgar.shtml.


GlobeNewswire, Inc. 2021
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