Neue Goldaktie: Drake Gold Resources Inc - 500 Beiträge pro Seite

[Swizzly2]

Hallo zusammen,

anbei eine neue Goldaktie aus Amerika (Homepage: http://www.drakegold.com). Dieses Unternehmen ist aus Automotive Sports hervorgegangen und wird von der Beteiligungsgesellschaft Novac Capital unterstützt (novakcapital.com). Wenn hier die ersten Felder gemeldet werden, geht die Aktie sehr stark nach oben.

Several potential high value properties have already been located and have been under review by the panel of professionals to determine if the area is gold rich and worth further mining efforts and exploitation activity.

Chart bei StockCharts.com:
http://stockcharts.com/c-sc/sc?s=DKGR&p=D&b=5&g=0&id=t451483…


Gruss

Swizzly

[Datteljongleur]

[posting]20.468.672 von Swizzly2 am 02.03.06 17:05:40[/posting]Ruf mal den Frick an.
Vielleicht zeigt der Interesse!!

[LaraSoft]

Antwort auf Beitrag Nr.: 20.470.682 von Datteljongleur am 02.03.06 18:09:59

hier gibt´s was neues:


Drake Gold Resources Inc. Announces 100% Acquisition of Pegasus Oil Well Services as the First Part of the Expansion Into Oil and Gas Development

CENTURY CITY, CA -- (MARKET WIRE) -- 06/06/2006 -- Drake Gold Resources Inc. (PINKSHEETS: DKGR) is pleased to announce the acquisition of Pegasus Well Services, scheduled to be completed within two weeks. Pegasus is a San Antonio-based company that services all of South Texas with a growing list of oil services. (http://www.pegasusoilwellservices.com)

Estimations of revenues for 2006 will be released after evaluation is completed of audited financials and the operations. The acquisition will make Drake a profitable company. The acquisition is being done for all stock, which is restricted for 2 years.

The company plans to expand operations to include complete well services for wells above 10,000 ft. in depth including acidization treatments, cementing, and drilling operations. Pegasus is a growing service provider specializing in shallow oil, gas, and water wells in the South Texas area.

The company began operations in November of 2001 with the first several months being devoted to training personnel, acquiring, and modifying needed equipment. The company became more active over the first 3 years, solidifying its foundation in 2004. Operating with only one cementing unit, its sales for 2005 exceeded $600,000 over a shortened year due to a mechanical rebuild of its main unit.

With the addition of Pegasus, Drake plans on adding additional cementing units, hydraulic fracturing units, drilling rigs, and other needed services, with the intent of becoming a one-stop shop for the oil business. With the growing demand for oil and gas operations in the Texas arena, revenues are expected to continue to rise.

For Drake, the addition of a full-service oil well company will make the advancements into oil and gas development hastened and is lowering capital needed to begin operations. The market today makes it very difficult to schedule equipment needed to perform these services so having them in-house gives Drake the ability to move consistently from project to project without any delays while minimizing risk.


Highlighted Links
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Furthermore, Drake has already made a series of advancements into acquiring oil and gas leases, projects and potential joint ventures to build its portfolio of petroleum operations. The current acquisition and connections already within the industry have located prime targets in South Texas, the Barnett Shale in Texas, California and Louisiana. With the new service division it makes it very easy to obtain projects for low costs and entice current operators to entertain joint ventures.

This is in tune with its recently announced corporate strategy, which is partially outlined here:

"DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include diamond, gold, silver, copper and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico. DKGR also plans to capitalize on current and long-term trends in energy prices to operate in the petroleum and alternative energy markets."

The Drake team believes acquiring Pegasus Well Services is a step in the right direction -- it minimizes the risk of oil and gas exploration while building solid well-margined cash flows.

Current and future shareholders are encouraged to sign up for email updates. The new Company website provides current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.

Shareholder inquiries and suggestions are welcome and should be directed to the Drake Gold, Investor Relations Team at (toll free) 1-888-601-9983, internationally at 1-503-618-0370, or via email at [e-mail].

About Drake Gold Resources, Inc.

Drake Gold Resources, Inc. (http://www.drakegold.com) is an early-stage mining and energy company that focuses on the exploration and production of precious metals, diamonds and energy, such as petroleum and coal. Several projects have been identified through Thunder Gulch Resources, Ltd. and its resources in North America. Drake is in the process of completing the acquisition of Pegasus Oil Well Services. (http://www.pegasusoilwellservices.com) Announcements will be made as agreements are completed.

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.


Investor Relations Hotline
Domestic: 1-888-601-9983
International: 1-503-618-0370
Email: [e-mail]

SOURCE: Drake Gold Resources Inc.

Back To Recent News

[BetandProfit]

Drake Gold Resources Inc. Completes Formation of the Diamond Exploration and Development Division (Drake Diamonds)
Wednesday June 14, 7:30 am ET
http://biz.yahoo.com/iw/060614/0135509.html

[BetandProfit]

Keiner hier? Das Baby bricht gerade aus.

[Charly306]

Antwort auf Beitrag Nr.: 22.213.477 von BetandProfit am 21.06.06 21:04:10

ausbrechen is was anderes!!!!!

[BetandProfit]

Antwort auf Beitrag Nr.: 22.214.565 von Charly306 am 21.06.06 22:02:25

Da hast Du Recht, war lediglich ein Vorglühen.

[BetandProfit]

STARTSCHUSS!

Drake Gold Resources, Inc. Is Pleased to Announce the Completion of Its Initial Assessment of the Jackpot Placer Gold Project and Announcement of Operations


CCENTURY CITY, CA--(MARKET WIRE)--Sep 22, 2006 -- Drake Gold Resources, Inc. (Other OTCKGR.PK - News) is pleased to announce the completion of its initial assessment of the Jackpot Placer Gold Project located about seven miles southeast of the town of Quartzsite in La Paz County, Arizona. Independent geologist, Craig Parkinson, identified approximately 2,050,000 cubic yards of gold-bearing material containing an estimated 205,000 ounces of placer gold resources using a possible grade of .100 ounces per yard. This resource estimate far exceeds the original estimate of 60,000 ounces by previous geologists, and translates into an average of .0667 ounces of gold per ton across the three claims comprising 200 acres.
The numbers reflected in the finalized geological report are conservative thereby revealing the potential for yielding even higher production values. Mr. Parkinson has stated that the Jackpot property "yields above average potential especially considering the gold obtained from past production on the property was extracted using inadequate methods in the past."

Summary

Total estimated gold bearing placer gravel: 2,050,000 cubic yards.
Estimated gold per ton: .0667 OZ. (Based on 1 ton = 1.5 cubic yards)
Total preliminary estimated ounces of gold: 205,000 OZ.
Total dollar potential: 205,000 OZ. multiplied by $500 = $102,500,000
(Gross Proceeds)
Current Parkinson Geologic Services Jackpot Placer Property Mining Evaluation available here in Acrobat PDF format (PDF reader) (Sept. 22nd, 2006):
http://www.drakegold.com/operations/JackpotProperty/Jackpot_…

BLM Operation Permits

With the initial geological report completed, Drake will now complete its application for the BLM Operation Permits. The permit application should take about a week to complete and contains information such as the location of operations, the current land disturbance level created by prior operations, the estimated new disturbance that is to be created by projected operations, and the length of time the permit is to be in effect. After the permit is submitted, a reclamation bond amount will be set. This bond is to ensure that the land is restored back to within set guidelines after the termination of operations. The approval process for the BLM Operation Permit is normally 2-3 weeks.

Equipment

While waiting for the BLM Operation Permits to be issued, Drake will continue to acquire the equipment necessary to begin operations. To date, Drake has secured the use of the most expensive single piece of equipment necessary for a placer operation: the Caterpillar D9. This heavy bulldozer now resides on the Jackpot property and will be used to start stockpiling gold bearing material next week in preparation for processing. In addition, the water well which resides on the property has been repaired and is functioning. Equipment still needed are a Scrubber, Trommel, Concentrator, and a 100kw generator. Drake has located each of these items and is currently in talks to acquire them via lease or outright purchase. Normally, using this equipment, Drake could expect to process 40-45 cubic yards of gold bearing material an hour. However, utilizing the expertise of Norm Pearson, his "Rock Box" and constructing a plant, Drake is projecting with the upgrades to process up to 100 - 300 cubic yards an hour or 150 - 450 tons at its peak. Using the estimate of .0667 ounces of gold per ton, the operation may yield 10 - 30 ounces of gold an hour.

Interim CEO Clayton Smith was excited to say, "Although we were hoping to release the information previously, we are now happy to say that we will be starting operations as early as next week. Yesterday, Norm Pearson, Drake's Project Manager, and Craig Parkinson, Drake's Geologist, discussed the plan of operations after review of the report and have now outlined the next few steps that will make Drake Gold a precious metal producer."

Commenting on the addition of other experienced mining management, he continued to say, "We are now bringing in a mining team that will ensure the success of Drake's mining operations. This includes a new CFO, several directors, a compliance attorney, a business analyst and eventually a new CEO and President once I believe I have brought Drake to the producing and compliant level that will guarantee growth of shareholder value. Announcements will be made starting next week due to the fact we are now starting operations."

http://www.drakegold.com/default.asp?Page=PressRelease_22

[BetandProfit]

Antwort auf Beitrag Nr.: 24.187.458 von BetandProfit am 25.09.06 16:15:03

Drake Gold wird Produzent!

Stock Info


State of Incorporation: NV

Approx. Capital Structure:
- 828M shares outstanding
- 300M shares Common Free Trading
- 528M shares restricted
- Currently no warrants
- Currently no Options
- No long-term debt


Cost of production and operations is estimated at $75-100 per ounce for placer operations. There is also a plan to sell existing gravel on the property, which is estimated at $3-8 million dollars based on information from the lessor. There is a potential market for gravel in local construction areas and would lower cost of operations significantly by selling the gravel on the placer gold project.



Marktkap. derzeit nur 6,5 Mio Dollar!

[BetandProfit]

Drake Gold will make monthly advance royalty payments to the lessor, which will be credited against 10% production royalties on the gold recovered from the Property. The remaining 90% of the value of the recovered gold will belong to Drake Gold.

Access to the Jackpot Property is via well-maintained asphalt and dirt roads from Interstate 10 at the town of Quartzsite. The alluvial placer gravel consists of schist, granite, and volcanic rocks derived from the Plomosa Mountains to the east, and the gravels are locally cemented by caliche. The schist exposures in the mountains contain gold-bearing quartz veins and stringers, and probably were the original source of the placer gold deposits. The schists are geologically important because they are the host rocks of the numerous prolific vein-controlled gold mines in Arizona.


ACCESS AND INFRASTRUCTRURE

Infrastructure and equipment existing on the property includes: One heavy-duty Hardinge Scrubber, three concrete holding ponds with 150,000 gallons total capacity, 8-inch water well 775 feet deep, 4-inch water well 700 feet deep, 40-foot steel storage trailer, one hopper, and two small fuel tanks. Also the site comes with a watchman on site to provide security for operations.



Recent samples from the Jackpot property

http://www.drakegold.com/default.asp?Page=OperationsGoldandS…

[BetandProfit]

Die Aktie steigt und steigt und keiner nimmt Notiz.

[zweifler]

Antwort auf Beitrag Nr.: 24.613.741 von BetandProfit am 14.10.06 09:10:42

Freue dich und behalt es für dich. So hast du mehr davon.

[BetandProfit]

Da kommt noch einiges auf uns zu in den nächsten Wochen



Drake Gold Announces Strategic Review of Potential Naked Short Selling Utilizing a Combination of Tools Including the ADP: NOBO and OBO Lists

2006-10-16 13:52 ET - News Release

SCOTTSDALE, AZ -- (MARKET WIRE) -- 10/16/06


Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce the company has been ordering a combination of tools to completely determine the extent of the potential naked short selling problem that is involved with Drake Gold Resources Inc. trading under the symbol of PINKSHEETS: DKGR.

The company has suspected a naked short selling attack on Drake Gold Resources Inc. since the previous company did a 1 for 10 forward-split in December of last year. Although only a minor amount of restricted shares have been issued, the company has experienced an abnormally large amount of trading relative to its low float over the past 10 months. This issue has become a growing problem in the stock markets, even more so in the small cap stocks where regulation is not enforced as strictly as big board companies residing on the NYSE and NASDAQ exchanges. The company has suspicions that this may be causing the difficulty the market has had in moving past 52-week highs.

THE PROCESS

The company will determine the possible short positions and naked short selling by utilizing a number of different tools. By comparing the actual free trading float as issued from the company since its inception against the float currently registered at the CEDE & CO, Drake will be able to determine any discrepancy and thereby determine how many shares are short against the company.

-- Request the complete shareholder list and CEDE & CO totals from
Drake's transfer agent to reveal how many shares are shown as tradable on
the street.
-- Request the compilation of the NOBO (Non-Objecting Beneficial Owners)
list from ADP: Investor Communication Services(TM).
-- Request the Share Range Analysis from ADP: Investor Communication
Services(TM), which will provide both NOBO and OBO shareholder totals.
-- Compare the tradable totals provided by CEDE & CO to the totals
provided by the Share Range Analysis to determine the extent of the short
position against Drake.
-- Take action such as share buyback and cancellation of shares to
further reduce the tradable float.

THE SOLUTION

Determining the extent of the naked short problem will allow Drake Gold to assess the potential impact it has on the company's available resources and market cap as it relates to successfully achieving a cash flow positive entity using an asset driven, low-dilution business model.

The first step in combating a problem like this is to make the problem clear to the SEC and NASD. Shareholders are encouraged to research the issue and to voice their opinions to the commission.

-- Call the SEC's office of Investor Education and Assistance at 1-800-
SEC-0330.
-- File complaints at http://www.sec.gov/complaints.shtml.
-- Send specific enforcement-related information to [e-mail].

The second step is to prepare the market to squeeze out short positions that have been formed by these naked shorting activities. The company is already working on a plan that will tighten the free trading public float, which will remove stock and the amount of stock that may be purchased or borrowed against.

This can be accomplished by forming strategic alliances with accredited investors who can purchase securities directly from our market and then have them removed from CEDE & CO(TM) via reverse DWAC (Deposit/Withdrawal At Custodian). In addition the company can use upcoming cash flows to buy back shares and reverse DWAC them to the treasury.

Another strategy is to cancel shares available that are purchased or available for retirement. This will strengthen the market cap and potentially force a short position to have to cover. By also performing mandatory share certificate swabs with a new issuer's CUSIP number from the CUSIP Service Bureau(TM) (http://www.cusip.com) it is thought you can force naked and non-naked shorts to have to cover their positions.

Investors are encouraged to view additional information on naked short selling and a detailed description of how Drake Gold will obtain this information and what will be done to combat any naked short position on its website at http://www.drakegold.com/default.asp?Page=InvestorInfo_Short…

Interim CEO and President, Clayton Smith was quoted saying, "In my experience I have seen many potentially great companies held back from real achievement due to lack of education related to naked short selling. Drake's management team will not allow this to happen to DKGR. We are preparing an initiative to counter any naked short selling threat that continues to damage small cap companies."

Continuing to say, "I personally think this is a real opportunity for Drake Gold and its shareholders as it provides us a chance to strengthen the market and force buy-ins and short squeezes with upcoming acquisitions, placer production and our near term move to the OTCBB."

COMPANIES TAKING ACTION AGAINST NAKED SHORT SELLING

Here is a list of other companies that are taking action against naked short selling and its problems on the small cap markets or OTCBB and PINKSHEETS: American Way Business Development Corporation, Cal-Bay International, Inc., Equitable Mining Corp., EZ2companies, Inc., FSBO Media Holdings, Inc., Grand Entertainment & Music, Inc., InRob Ltd., KMA Global Solutions International, Inc., Maverick Energy Group Ltd, PayPro, Inc., Quantum Bit Induction Technology Inc., Quantech Electronics Corp., Silver Screen Studios, Inc., Tamija Gold & Diamond Exploration, Inc. and VoxBox World Telecom Inc.

Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides: short shelling issues, current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.

KGR-20061016&symbol=DKGR&news_region=U" target="_blank" rel="nofollow ugc noopener">http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-i0172963-UKGR-20061016&symbol=DKGR&news_region=U

[BetandProfit]

Antwort auf Beitrag Nr.: 24.667.921 von BetandProfit am 16.10.06 21:44:59

Great News

Interim CEO and President, Clayton Smith was quoted saying, "In my experience I have seen many potentially great companies held back from real achievement due to lack of education related to naked short selling. Drake\'s management team will not allow this to happen to DKGR. We are preparing an initiative to counter any naked short selling threat that continues to damage small cap companies."

Continuing to say, "I personally think this is a real opportunity for Drake Gold and its shareholders as it provides us a chance to strengthen the market and force buy-ins and short squeezes with upcoming acquisitions, placer production and our near term move to the OTCBB."

[BetandProfit]

Hier noch einmal das Wichtigste aus der PR vom 25.9.:

Summary

Total estimated gold bearing placer gravel: 2,050,000 cubic yards.
Estimated gold per ton: .0667 OZ. (Based on 1 ton = 1.5 cubic yards)
Total preliminary estimated ounces of gold: 205,000 OZ.
Total dollar potential: 205,000 OZ. multiplied by $500 = $102,500,000
(Gross Proceeds)


While waiting for the BLM Operation Permits to be issued, Drake will continue to acquire the equipment necessary to begin operations. To date, Drake has secured the use of the most expensive single piece of equipment necessary for a placer operation: the Caterpillar D9. This heavy bulldozer now resides on the Jackpot property and will be used to start stockpiling gold bearing material next week in preparation for processing. In addition, the water well which resides on the property has been repaired and is functioning. Equipment still needed are a Scrubber, Trommel, Concentrator, and a 100kw generator. Drake has located each of these items and is currently in talks to acquire them via lease or outright purchase. Normally, using this equipment, Drake could expect to process 40-45 cubic yards of gold bearing material an hour. However, utilizing the expertise of Norm Pearson, his "Rock Box" and constructing a plant, Drake is projecting with the upgrades to process up to 100 - 300 cubic yards an hour or 150 - 450 tons at its peak. Using the estimate of .0667 ounces of gold per ton, the operation may yield 10 - 30 ounces of gold an hour.

Wer lesen und rechnen kann, ist klar im Vorteil:

10-30 Unzen Gold pro Stunde, 75-100 Dollar Produktionskosten bei einem derzeitigen Goldpreis von ca. 600 Dollar.

Approx. Capital Structure:
- 828M shares outstanding
- 300M shares Common Free Trading
- 528M shares restricted
- Currently no warrants
- Currently no Options
- No long-term debt
http://www.drakegold.com/default.asp?Page=InvestorStockInfo

Take action such as share buyback and cancellation of shares to
further reduce the tradable float.


Audio Interviews
http://www.drakegold.com/default.asp?Page=AudioInterviews

In Kürze Goldproduktion!

[BetandProfit]

Drake Gold Announces Jackpot Placer Project Update


SCOTTSDALE, AZ -- (MARKET WIRE) -- 11/08/06


Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce an update on the progress of the Jackpot Placer Project as the company moves closer to the production stage on its primary project.

PREPARATIONS FOR OPERATIONS

As previously released, a Caterpillar D9 and a front-end loader are currently on site and are ready to be used during full operations. However, authorized under BLM guidelines is the allowance for "maintenance" to be conducted on site prior to receiving approval of permits approving full-scale operations. Drake has utilized this allowance to begin stockpiling "paydirt" or gold-bearing material in preparation for processing. To date an on-site worker under the direction of Dan Patch, the land owner of both the Jackpot and Copperstone mines, has been actively stockpiling paydirt. Currently, more then 3000 cubic yards of paydirt has been stockpiled and is ready for processing.

ON-SITE VISIT

Last week the Drake management made a trip to the Jackpot Placer Project to review the properties development level, inspect existing equipment, look at formations, take additional samples and meet existing crew on site.

Our project manager Norm Pearson and part of his team joined the Drake management team on site and had this to say, "It is a pleasure to make this trip onto the 200 acre site in SW Arizona which has turned out to be very exciting. The project is set up to begin a full-scale placer operation in which I can bring my technology and expertise to the operation." Mr. Pearson's "rock box" technology has been used world-wide by over 180 different operations including majors such as gold company Placer Dome who seek higher placer results.

He continued to say, "Based on the geological report presented by Craig Parkinson estimating .10 ounce of gold per cubic yard we are planning to set up a minimum of a 100 cubic yards an hour plant. We want to maximize this project to full capacity so that the sale of gold may be used to expand other projects Drake Gold has available."

A series of paydirt samples, pictures and video interviews were taken on site. The paydirt samples were taken from various stockpiles on the property to better evaluate potential levels of gold. With the technology that Mr. Pearson and his team possess recovering the minutest gold particles is possible, even "flour gold." He was quoted saying, "If you can see it we can recover it with my plant."

Mr. Pearson processed some of the paydirt samples through a small processing plant he owns over in Wilcox, AZ last week. About the results he commented, "The paydirt has revealed very encouraging amounts of gold in it. We are very eager to complete the set up of the processing plant and begin to mine the entire area."

JACKPOT PICTURES (Will be updated shortly)

http://www.drakegold.com/default.asp?Page=OperationsJackpotG…

BLM PERMITS

Last week management was informed by Craig Parkinson, Drake's hired geologist, that the BLM permits have all been completed and the application has been sent to the state department. The approval process is normally 2-3 weeks but due to the relationship Dan Patch has with the BLM it is thought that it could be completed sooner. In addition, because existing work was performed on site years ago, the reclamation bond is expected to be much lower than expected allowing Drake to incur a lower capital expenditure.

Drake Gold's project management team is now preparing a budget and a request for additional equipment. We are staying focused on our low dilution cash flow driven model and are reviewing plans to acquire the needed plant. Through Mr. Pearson, Drake has direct access to key equipment he owns from other placer sites. Management is also reviewing options to acquire equipment in the most cost efficient manner and is dealing directly with lenders while evaluating possible equipment lease financings to complete the purchases as needed.

Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides: short selling issues, current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
http://www.drakegold.com/default.asp?Page=PressRelease_27

[BetandProfit]

Clayton's Corner - Nov. 9th, 2006


I just wanted to catch up with readers and let you know that we did a thorough once over of the Jackpot Placer project and things are looking good. The Bureau of Land Management has the permit applications in hand and the turn around time should be quick, 2-3 weeks, which isn’t bad by government standards. Failing that, our landowner, Dan Patch, and ostensible partner has a great relationship with the people over at the BLM, so the permits should cut through the red tape a bit quicker than the average 2-3 weeks.

Know what the best part is? Interestingly, the law requires “maintenance” during the App process. This doesn’t mean that we need to do a lube, oil and filter on all the heavy equipment we have out there, it means that we have to commence preliminary operations. What it boils down to… work has commenced at the site and that work is required for the permit process so there are no regulatory issues.

The guys down at the site doing the heavy lifting have already amassed quite a bit of gold-bearing material in anticipation of the permits allowing processing. Known as Paydirt, the work of both the landowner and project manager Norm Pearson has yielded 3000 cubic yards and counting of the gold bearing earth. Using a special process developed by Pearson, a processing plant is being set up to handle 100 cubic yards of Jackpot paydirt an hour.

I look forward to the processing that will commence in less than a month and as an investor so should you. Is Christmas coming early this year? I think so.
http://www.novakcapital.com/ccorner.htm

Lange gibt´s diese Kurse nicht mehr.

[zweifler]

Antwort auf Beitrag Nr.: 25.278.453 von BetandProfit am 11.11.06 01:14:43

Stimmt, sind schon wieder viel besser geworden. Hier glaube ich nicht an den Erfolg. Schaut euch mal Tara Gold an. Ein fantastisches Geschäftsmodell und voll im Aufwind. Dieses Jahr sehen wir da noch den $.

[BetandProfit]

Antwort auf Beitrag Nr.: 25.535.603 von zweifler am 19.11.06 21:28:46

Stimmt, Tara ist großartig und habe ich schon einige Monate im Depot und vielleicht ist der Dollar schon am Monatsende zu sehen.

Was glaubst Du aber wird mit Drake passieren, wenn die in Kürze Gold produzieren und damit Cashflow generieren, um die nächsten Projekte besser finanzieren zu können.

Und das ganze bei einer Marktkap. von derzeit 7 Mio Dollar.

Ich sehe hier einige 100% in den nächsten Wochen und Monaten.



Hier eine eher konservative Einschätzung:

ReCap on DKGR financials...Clayton Confirmed the numbers!!!

DKGR may be better then everyone thought....I am crunching numbers
based on the low end results and it is much better then I
thought...pushing for .05 as I have been may be low balling it! I
know Drake Gold Resources is bringing other projects to the table
but the Jackpot Property alone could see us all the way to .09 by
year end if production starts as anticipated, a gamble most of us
would take! That is just from one property!!

Here are the numbers which are very conservative, 10 oz an hour @
100 t/h, short day usually 12 hours but using 8 hours, thats 80 oz a
day, or 1600 a month on again a short month using 20 days a month,
that equates $800k a month based on $500 gold or $9.6M a year, 20%
cost, $7.6 M net earnings, conservative again at only 10x earnings =
$76M market cap / 828M shares out = .09

These numbers are truely impressive and if anyone has any questions
please contact the CEO of Drake Gold Resources at 1-310-728-9445. I
am extremely excited about the rest of October and November!!



Übrigens ist der Tara-Ceo auch hier im Team:

Rich Biscan, Venture and Finance Consultant
http://www.drakegold.com/default.asp?Page=ManagementTeam

[BetandProfit]

Drake macht sich bereit

DKGR T/A Major Chart Indicators Up!

[zweifler]

Umsätze ziehen an und Kurs steigt. Könnte doch noch was werden.

[BetandProfit]

Drake Gold Announces Equipment Arrivals and Operational Plans on Jackpot
Friday December 8, 1:43 pm ET


SCOTTSDALE, AZ--(MARKET WIRE)--Dec 8, 2006 -- Drake Gold Resources, Inc. (Other OTCKGR.PK - News) is pleased to announce it has made significant steps toward moving the Jackpot Placer Project into production. In addition to heavy equipment that has been used to stockpile paydirt, Drake Gold Resources has acquired the necessary equipment used for processing alluvium ores.

EQUIPMENT ARRIVALS AND ACQUISITIONS

Last week a scrubber, which was purchased by project partner Dan Patch, arrived on site. The scrubber is used to "clean" the ore, separating valuable material from the aggregate. In addition to the scrubber, Drake has acquired a trommel. The trommel is a screened cylinder used to separate materials by size. The trommel is scheduled to arrive within the next week. The acquisition of the trommel is the final major piece of equipment needed to start gold recovery due to the fact that a concentrator has been deemed unnecessary for this operation. Instead, a riffle board will be used. A large generator used for incidental power needs is also slated for arrival in concert with the trommel.

Recent operations have included use of the Caterpillar D9 and a front-end loader already on site. The two earthmovers have been used to stockpile paydirt in order to expedite the gold recovery process, as the last pieces of new equipment are set up for mining operations.

COMMENCING OPERATIONS

Drake Gold is still awaiting final approval of its BLM permits to begin operations. Unfortunately, this process has taken longer than expected due in part to the fact that the BLM has scheduled a geologist to visit and survey the Jackpot property in order to accurately assign a value to the reclamation bond. Once the BLM geologist has rendered his assessment and the permit is approved, operations are expected to begin. With the equipment on-hand, Drake is estimating being able to process 40-45 cubic yards of paydirt an hour. Processing will initially run 10 hours a day with round-the-clock operation anticipated as ore production increases.

Clayton Smith, interim CEO and President, said, "We are very eager to start gold recovery on this project and prove to investors that we are building a positive cash flow-driven business. This will be our first project to go into production and will lead the way to new projects as we diversify our business model. We are very eager to complete this step and excel Drake Gold into 2007."


PRODUCING RESULTS

As stated previously, geologist Craig Parkinson's report estimates that 1/10th of an ounce of gold is expected per cubic yard. The processing of the first 3000 cubic yards will deliver much firmer numbers which should be available soon after production starts due to the fact that approximately 6000 yards of paydirt has already been crushed and prepared for processing.

Based on an assessment of all available information, Senior Mining Consultant Norm Pearson has concluded the following earnings projections are possible at just 100 yards of ore processing per hour. This projection has led to his recommendation for Drake Gold to expand to a larger plant. The following estimate includes the increased costs related to the expansion of operations to a 100 c/y/h plant. The cost and projection explanation and available information will be posted on the website: http://www.drakegold.com/default.asp?Page=OperationsJackpotProjections

Senior Consultant and Project Manager Estimations

Value in ground = $102,090,000

Mining cost = $20,329,000

Projected Profit = $81,761,000 in 6 5/6 years

Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides: short selling issues, current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
http://biz.yahoo.com/iw/061208/0193072.html

[BetandProfit]

Antwort auf Beitrag Nr.: 26.102.304 von BetandProfit am 11.12.06 13:57:17

Approx. Capital Structure:

- 828M shares outstanding
- 300M shares Common Free Trading
- 528M shares restricted
- Currently no warrants
- Currently no Options
- No long-term debt

Marktkap. 828 Mio x 0,0125 = $ 10.350.000.-


Value in ground = $102,090,000

Mining cost = $20,329,000

Projected Profit = $81,761,000 in 6 5/6 years

$ 81,761 Mio : 82 Monate (6 5/6 Jahre)=
1 Mio Dollar pro Monat Gewinn = $ 12 Mio pro Jahr

Konservatives KGV von 10 = $ 120 Mio : 828 Mio Aktien = Kurs $0,145

[zweifler]

Antwort auf Beitrag Nr.: 26.102.552 von BetandProfit am 11.12.06 14:14:05

Ich war bei Tara auch wochenlang alleine und es hat keinen gekümmert. Jetzt nach 500% wollen sie die alle haben. Wird hier sicher auch noch kommen. Also BetandProfit durchhalten und nachher freuen.

[zweifler]

Antwort auf Beitrag Nr.: 26.102.552 von BetandProfit am 11.12.06 14:14:05

300Mio Freefloat ist natürlich auch schon eine Menge.

[BetandProfit]

Antwort auf Beitrag Nr.: 26.106.035 von zweifler am 11.12.06 17:10:51

Chatauszug vom 19.7.06:

Zoran Minic: Clayton: How many shares do you have in DKGR?

Clayton Smith: I have control of all the stock in the escrow which is approx
300M shares, those are the proposed shares to be canceled so that may change,
I also hold considerable shares I have purchased in the open market, as well as
will be paid back for my loans upward toward $100k in stock as well, at a given
point in the future, my salary will be stock and cash based but will be worked
out down the road, at this time the exactly ownership I have coming is
undetermined. I can say that 200M shares of the float is in friendly hands that
my team and my close investors own and control, there is about 100M shares in
the float that is part of what you all own and others out there I am not familiar http://www.investorshub.com/boards/read_msg.asp?message_id=1…


Letter to the Shareholders of Drake Gold Resources, Inc.

CENTURY CITY, CA--(MARKET WIRE)--Sep 15, 2006 -- Drake Gold Resources, Inc. (Other OTCKGR.PK - News)

To the shareholders of Drake Gold Resources:

We are now entering into the audit stage as previously outlined in our press announcements and will soon be a fully reporting company. By increasing transparency we hope to earn the trust of our investors. We will demonstrate that we are not the typical "pinksheet" that frivolously over issues shares to consultants and affiliates, diluting the company and shareholder value.

To prove my sincerity on the issue, I have personally loaned money to Drake as well as provided for the daily expenses of the company without any share issuance. I have made these loans in good faith because I am confident that the cash flows from our gold mining operations will provide an increase in shareholder value to me as well as to all of the company's shareholders.
http://www.drakegold.com/default.asp?Page=PressRelease_21


Von Drake erwarte ich mir ähnlich "Großes" wie bei Tara, die ja bekanntlich von 0,05 bis auf 1,25 Dollar innerhalb eines Jahres gestiegen ist.

[BetandProfit]

DIVIDENDEN-NEWS!


Drake Gold to Create New Public Company for Petroleum Projects
via COMTEX

December 12, 2006

SCOTTSDALE, AZ, Dec 12, 2006 (MARKET WIRE via COMTEX News Network) --

Drake Gold Resources, Inc. (PINKSHEETS: DKGR) is pleased to announce its plans to create a new public corporation as a spin off from Drake Gold to separate the oil and gas operations of the company.

OIL AND GAS PROJECTS

Drake has made a series of advancements into acquiring oil and gas leases, projects and potential joint ventures with which it hopes to create a diverse and lucrative petroleum operations portfolio. Current management already possesses connections within the industry and have located prime drilling opportunities in Texas, particularly the Barnett Shale, Kansas, and California. With the Jackpot property nearing its production stage, Drake management has seized this opportunity to actively expand its natural resource exploration via a spin into a new corporate entity.

OIL AND GAS SPIN OFF

A new corporate entity will be created for the purpose of petroleum exploration and will be independently managed and traded. The new subsidiary will have a public offering and will be organically formed thus allowing it to raise necessary capital without incurring dilution to Drake Gold shares.

Creating this new company will also allow Drake Gold shareholders to directly benefit from Drake's petroleum business opportunities through the use of a dividend while segregating the operations of gold production and oil exploration.

SPIN OFF DETAILS

Drake Gold Resources Inc. will be solely responsible for the spin off and will remain the controlling interest and principle shareholder in the new public subsidiary. A control block of preferred shares will be issued to Drake Gold, convertible to over 51% of the issued and outstanding shares, thus making Drake Gold the largest shareholder. An additional 30,000,000 (30 MILLION) shares of restricted common stock will be issued from the new company to Drake Gold and subsequently issued as a dividend to Drake Gold shareholders. Using an outstanding share total of 830,000,000 as an example, a shareholder holding 500,000 shares of Drake Gold would receive a dividend of approximately 18,000 restricted shares of the new company's stock.

DEADLINES AND SPECIFICS

The dividend will be issued to shareholders of record on January 3rd 2007. Only those shareholders holding 25,000 or more shares of DKGR on January 3rd 2007 will be eligible for this dividend. The shares will be issued via Drake Gold's current transfer agent Transfer Online (http://www.transferonline.com) upon final completion of the new company's structure.

Clayton Smith, interim CEO and President, said, "This step to expand value for Drake and its shareholders directly follow the model we have promised to our investors. We continue to grow the value of the company without large dilution. This new company gives us the ability to maximize the book value of Drake and segregate the management of precious metal mining and oil and gas recovery. Going into production on our first placer gold project as well as acquiring new projects is positioning Drake Gold to excel this next year."

Current and potential shareholders are encouraged to sign up for e-mail updates. The new Company website provides: short selling issues, current news releases, reports, interviews, industry news and market related information. To sign up, click on the link located under the main menu at www.drakegold.com.
http://www.smallcapcenter.com/story.asp?mysection=headlines&…

[zweifler]

Hört sich nicht schlecht an. Schade das der Stichtag erst im Januar ist. Man muss auch die Konditionen für die neue Company kennen um eine Wertschätzung abgeben zu können.
Sollte der Aktie aber kurzfristig Kurspotenzial verleihen.

[BetandProfit]

Antwort auf Beitrag Nr.: 26.126.279 von zweifler am 12.12.06 15:25:42

Sehe ich als zusätzliches Zuckerl an und sind weitere Schritte um zu wachsen.

Hauptaugenmerk liegt jetzt sowieso auf der bevorstehenden Goldproduktion, sehe hier riesiges Potential für die nächste Zeit.

[zweifler]

Hatte mir von den Meldungen mehr versprochen. Drake kommt nicht richtig ans laufen. In letzter Zeit läuft ja alles ganz gut. Jetzt muss nur noch der Kurs laufen.

[zweifler]

Wenn ich mir den 3 Monats Chart ansehe erwarte ich nichts gutes

[BetandProfit]

Antwort auf Beitrag Nr.: 26.473.395 von zweifler am 26.12.06 13:40:42

Du machst Deinem Namen alle Ehre.

Hier noch mal schön zusammengefasst:

The hottest gold stock pick
this year!

It just doesn't get any
better than this. Booming sector, tightly held, with an incredible PR
blitz starting up. Not only that, but the company is set to release some
smashing news as it moves into the New
Year!

Drake Gold
Resources Inc.

Symbol: DKGR
Current
Price:
$.009 (+6% Tuesday!)
Short-Term
Projected Price: $.05
Long-Term Target Price:
$.20

As gold prices are on the rise ($622
oz), Drake has positioned itself well for 2007 with its 1st project
located in Arizona which has an estimated $102 million in recoverable gold @
205,000 oz. Short of the BLM permits expected possibly a day’s away it is
a screaming buy around a penny.

DKGR is already
hitting it big in the sector. With solid acquisitions with hard
assets in the ground, and a red-hot sector, DKGR is looking at an explosive
year. News out after market on Tuesday proves Drake’s mission to expand
shareholder value making Drake a multi-property resource company.

The new petroleum division spins off on the 3rd of
January as Drake forms a new company for its oil and gas projects. A
dividend is promised to all shareholders as of that date.

Based on .10 oz of gold per yard running a 100
cubic yard an hour plant, earnings would excel projections to help justify a .10
+ share price based on 10x earnings.

Check your favorite news source.
Check your Level 2 market data. You will see that this one is set for an
explosion.

With the huge publicity that is on the way THIS is where you want to
be.

Make sure you get in early on
December 20th. Win big with DKGR!
philosophie.FORUM.austria - 20. Dez, 07:13
- 0 Trackbacks
Re: How is life
http://philosophieforumaustria.twoday.net/20061220/

[BetandProfit]

Ein Vergleich, der mir sehr gut gefällt:

Just putting things in perspective:

TRGD

Float 57,441,677 X 1.32 (friday's close) = $75,823,013
O/S 81,925,953 X 1.32 = $108,142,257

DKGR

Float 300,000,000 X .0085 = $2,550,000
O/S 828,000,000 X .0085 = $7,038,000

Both are still pinksheet...shows the extreme potential of DKGR...

Based on the Float, Drakes value can move up 29.7 times it's current Market Value (MV).

Based on the O/S, the MV can move up 15.4 times it's current MV.

Based on the risk/reward I am willing to put a lot on DKGR; haha in fact people wager more than this for less gain on more risk over in Vegas...not that investing is gambling or anything...

I tend to like to compare the float valuations over O/S considering how stocks move based upon the float and not the O/S because the difference in the O/S and float is restricted shares...sooo .0085 X 29.7 = .25 roughly...so we'll see what happens, I'll take a 25 bagger any year lol
http://www.investorshub.com/boards/read_msg.asp?message_id=1…

[zweifler]

Gibt es was neues zu der "Dividende".

[BetandProfit]

Drake Gold Dividend Issuance and the Jackpot Placer Permit Process
Wednesday January 24, 4:00 pm ET


SCOTTSDALE, AZ--(MARKET WIRE)--Jan 24, 2007 -- Drake Gold Resources, Inc. (Other OTCKGR.PK - News) would like to make known the present state of affairs in regard to the recent announcement of its subsidiary dividend issuance. After the record date was established it became evident that shares held in escrow and those due for cancellation would dilute the dividend for the average shareholder. Upon further review of the current share structure and plans to cancel shares, Drake is rescinding the originally announced record date of January 3rd, 2007 to be replaced by an updated record date to be announced. Drake anticipates this change will allow more dividend shares to be issued to the common shareholder.
ADVERTISEMENT


With regard to the Jackpot Placer project, it has become apparent to management that there exists a need to have a more measured expectation of the BLM permit filing and approval process. New standards and additional approval steps have been brought to light as staff changes occur at the BLM office. These changes are also affecting many other companies in the area. Therefore, Drake Gold Resources, Inc. has hired a local area professional geologist to work closely with the BLM, and obtain a clear understanding of all paperwork and filings necessary to acquire a permit for placer operations on the Jackpot property. In addition, this professional will fill out and submit these filings as well as monitor its approval status on a regular basis.

The professional geologist met with the Bureau of Land Management on January 17th to discuss in detail all necessary steps for obtaining the permits. This meeting has yielded the necessary information to enable Drake Gold to obtain approval without further delay. At this time Drake Gold is doing all it can to complete this process but will wait to release timeframes until it is closer to completion.

In this regard, interim CEO Clayton Smith stated that, "Though this temporary delay is very frustrating for management as well as shareholders, we value the BLM's desire to protect natural resources and ensure the well being of the environment. Bringing in a local geologist will grant us the ability to comply with all guidelines and expedite mining operations for the Jackpot Placer Project. We need to keep in mind that making sure we are in compliance insulates us from liabilities down the road."

While we continue the transition to becoming a precious metal producer, important updates on permitting, acquisitions, the OTCBB listing process and further developments will be posted at WWW.DRAKEGOLD.COM. Current and future shareholders are encouraged to submit comments and questions for review and public replies released via the CEO Corner and its eNewsletter, both available on the site.

ABOUT LOCAL GEOLOGIST

The local geologist has over 24 years of experience in the geological sciences, waste management, site characterization, property assessments, design and permitting of remediation systems, soil and groundwater remediation and mining. He has been responsible for managing a professional staff to ensure regulatory compliance, quality assurance and maintenance of project schedule and costs. His project experience includes extensive work in soils and groundwater investigations, site mitigation modeling, site remediation selection and design, and site closure. His registrations include: Professional/Registered Geologist (Arizona and California), Certified Remediation Specialist (Arizona), Certified Professional Geologist (AIPG), Registered Environmental Assessor (California), Environmental Response Manager (EPA Certification).

ABOUT DRAKE GOLD RESOURCES, INC.

Drake Gold Resources, Inc. (Other OTCKGR.PK - News) is an early-stage mining and energy company that focuses on the exploration and production of precious metals and energy, such as petroleum and coal. Drake Gold has acquired the rights to the Jackpot Placer Project (JPP) in a southwestern section of Arizona. Estimated reserves on the JPP are 205,000 oz. Operations to recover gold are planned as soon as possible.

DKGR intends to be a diversified company by operating in the natural resource, petroleum, and alternative energy markets. As a result of ever-increasing scarcity, the market for natural resources is clamoring for diversification and innovative exploration tactics. Potential opportunities for diversification include gold, silver and other minerals in areas such as Arizona, Oregon, Alaska, British Columbia, the Yukon Territories, and other affiliated sections throughout gold districts in Northern Mexico.

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.



Contact:
Contact:
Drake Gold Resources, Inc.

Investor Relations Hotline
1-888-601-9983
Email: [e-mail]
Website: http://www.DrakeGold.com

Clayton Smith, CEO
Cell: 1-310-728-9445
Email: [e-mail]

Corporate Office
Scottsdale, AZ
Drake Gold Resources Inc. (DKGR)
Office: 480-467-4469
Email: [e-mail]

[zweifler]

Antwort auf Beitrag Nr.: 27.164.167 von BetandProfit am 24.01.07 23:52:43

Die NAchricht wird den Kurs weiter in Richtung Süden treiben. Ich glaube wir sehen die 0,004 nochmal. Da kann man dann nochmal verbilligen oder einsteigen.

[zweifler]

Gibt es eine Nachricht das der Kurs heute so stark gestiegen ist?

[zweifler]

Still ruht der See. Ich hoffe das Management arbeitet wenigstens.Man hat den Eindruck hier ist alles tot.

[zweifler]

Antwort auf Beitrag Nr.: 27.169.484 von zweifler am 25.01.07 07:27:33

Dauert ja nicht mehr lange dann haben wir die 4 wieder. Ich traue der Aktie nicht mehr viel zu. Man hört nichts mehr vom Spinn off oder von Bohrergebnissen. Erst mal abgeschrieben.

[BetandProfit]

Wieder mal ein Lebenszeichen:

Feb 22nd, 2007 - Drake Gold Resources Overview of OTCBB application process, Permits and shareholder concerns

It has come to our attention that the press release process is somewhat lacking as a means of providing you with timely information. Often I have found, there is information relevant to investors that is not significant enough to warrant a press release. That is why we have decided to start providing you with less sensitive, but still important, information as it becomes available to you through this portion of the website. We would also like to begin responding to questions and concerns of Drake Gold Resources Inc. investors. We realize that as a smaller company this process can and should be much more responsive to our investors.

One of the first things I would like to address, which came to my attention through a number of emails, are delays in the permitting process. I want you to know that DKGR has brought in a local liaison to work with the project manager, the geologist and the Bureau of Land Management in order to facilitate the permitting process. The liaison was brought in so that the permitting process would continue with appropriate internal controls as well as moving forward in a timely, albeit slower, progression than was originally expected. The original time expectation was incorrect due to misinformation regarding the application process provided to us, as well as to you, by the original contractor.

Another question on many of your minds is the OTCBB listing process. I want you to know that the process is ongoing; the bookkeeper should be completing her part in the process in about a month. It’s basically an internal audit of the company that looks back over the books to when it still operated as Sports Wheel Inc. So while we are making progress on obtaining the OTCBB listing, you should know that the process is complex. We’ve selected a SEC compliant audit firm to handle the process after the bookkeeper finishes the review. The process culminates with the SEC compliant audit firm approaching the requisite regulatory bodies. From start to finish this can take anywhere from one to six months. This is in large part because of the Question/Commenting phase. This phase is a somewhat laborious but necessary dialog between regulators and the company’s management for the sake of clarity. The progression of events is as follows,

• Review
• Internal Audit
• OTCBB Compliant audit
• Filing of the OTC review application that includes the OTC compliant audit and all documentation
• Question/Commenting phase
• Then status is changed to OTC

This progression is fully described at the SEC website.

Many of you have also wanted to know the disposition of specialty assets. DKGR still owns a number of assets including patents and trademarks that were held under the guise of the previous company, Sports Wheels, Inc., that still need to be sold. Negotiations continue because of the nature of the assets value. Even though they are no longer a good fit for DKGR, there are suitors who have shown interest in these assets. They are all being carefully considered in regard to benefits for DKGR and its shareholders.

Another concern is the limiting of information access in regard to DKGR at Pinksheets.com. This has been done because of an outside group of spammers, probably originating in the UK, that often prey upon small companies like Drake Gold. We have heard of hundreds of other companies that have had this happen to them. Unfortunately, this has become so ubiquitous that many good companies are being pumped by scammers in this fashion every day. You may have seen emails like this in your mailbox for other companies. To bring us current with Pinksheets.com we will need to present them with accurate unaudited financials. This process could take at least a month as it coincides with information that is being compiled as part of the OTCBB listing process.

For more information on these scams check the National Association of Securities Dealers Website.
http://www.drakegold.com/default.asp?Page=InvestorInfo_CEOCo…

[BetandProfit]

Ceo Corner
In keeping with the open company policy, Drake Gold CEO Clayton Smith will post corporate updates and answers to questions by shareholders on this page.


Mar 6th, 2007 - Drake Gold Resources reviews additional details of the permitting process, leased office space and possible shareholder visit of the property

We continue to appreciate the correspondence from Drake Gold Resources stakeholders. In this update to the CEO Corner we look at concerns you have had concerning permits and office relocation.

Many investors have inquired about what function is played by the liaison as well as the permitting process in general. As we discussed in the last CEO Corner the permitting process has revealed itself to be much more involved than was previously expected.

Many of you though rightly asked what does “more involved” mean? Well what it means is that with changes that have been made at the Bureau of Land Management much of the burden of staying on task, regarding permits, has by necessity been shifted to the company. While many could argue that the situation is as it should be, a proposition we wouldn’t necessarily argue with, it did introduce a new level of uncertainty into the process. Uncertainty that we are determined not only to address but limit as well.

John Marconette, Leasing Operations Manager/Director, describes the difficulty of the situation in the permitting process as it was originally conceived. Mr. Marconette was given a list of conditions that were characterized as being the entirety of issues to be addressed in the permitting process. After that list had been completed, to Bureau of Land Management specifications, it was then communicated that there was an entire list of other actions that must be met. Much to John’s, as well as the rest of the company’s, chagrin the original list was not comprehensive and would not satisfy BLM requirements. Accepting that the process is necessary so that the mine is not subject to any environmental liability down the road, it is unfortunate that it became a fit of starts and stops due to an incomplete picture being painted for our people. This is why the management of Drake Gold Resources came to the conclusion that further measures must be taken.

All of this - of course - is in the past, what is important now is what we do moving forward. Bringing in the liaison was the measure that was necessary to drive the process to a satisfactory conclusion. The liaison’s function is to make sure that the BLM permitting process is on track. The liaison knows the process; in this capacity he enables work to continue on multiple fronts. Primarily helping both the BLM, the project manager and the geologist meet their respective needs. The liaison provides information about the site, i.e. that it is an existing and developed site and therefore has met certain criteria, as well as staying on top of the process to ensure that all concerned parties remain focused. This should limit both delays and misconceptions that characterized the approach prior to these refinements. Having said that, we still cannot project with any certainty when the permits will be approved, we can tell you that we have made the process as efficient as is possible.

Some of you have also been concerned that the lease of the offsite suite of offices had been allowed to expire. This was considered to be the most prudent measure. Considering that the expense would be continued less for practical reasons and more for convention, the offices were eliminated in an effort to allocate the companies resources in the best most efficient manner. We allowed the lease to lapse so that the company could retain these funds for other more productive use.

Some have wondered that if there were no offices if they might visit the actual site of the mine. I think this is a fine idea that is lacking in only one respect and that is safety. It is because of this that we will be setting up a time, in the near future, where investors could come out to the Jackpot Property and have a look at this aspect of the companies operations. We believe this is a much better approach than opening offices simply for the sake of having offices. As operations ramp up and production commences of course this will change.

Please continue to send in your questions/comments, as we believe this is the best forum in which to answer them and share them with others. You will also want to bookmark and continue reading this page in order to receive updates including the announcement of when we will be opening the Jackpot Site for investors to visit.
http://www.drakegold.com/default.asp?Page=InvestorInfo_CEOCo…

[BetandProfit]

CEO Corner
In keeping with the open company policy, Drake Gold CEO Clayton Smith will post corporate updates and answers to questions by shareholders on this page.


March 12, 2007 Drake Gold Resources Management Team meets in Toronto at the PDAC conference.

In a continuing effort to bring you the latest developments as well as answer concerns we continue to post installments of Drake Gold Resource’s CEO Corner. In the past week the management team convened in one of the top mining industry gatherings of the year. We discussed the way forward for Drake in a number of closed meetings, the result of which will unfold as we move into second quarter of the year.

For the past week the Drake Gold Resources Management team has been in meetings at the Prospectors and Developers Association of Canada (www.PDAC.com) Convention in Toronto. Our group included David Zamida, John Cerenzia, our new geologist Steve Glass as well as Tara Gold’s CEO Rich Biscan. We met with key people in the mining sector to discuss projects as well as technological innovations. There were many things to get excited about as DKGR looks forward to the coming months.

A question many of you have had and one that was addressed this past week is the status of the Dragoon Project. In the past week I met with Norm Pearson to discuss all aspects of moving forward at the site. We discussed both finalizing the lease on the property as well as the timeline for the sampling process. DKGR is indeed exploring all aspects of this opportunity.

Many of you have related having some reservations due to the lack of solid dates on a continuing timeline in regard to site permits. I want to reiterate that the process is such that it would be fruitless to begin speculating on certain dates given the BLM’s shift in perspective on this process. This may mean we have left investors with a degree of uncertainty as it regards the beginning of production at the Jackpot Property. Our intent was to communicate with investors that there is this uncertainty. We wanted to remove the false sense of eminent closure that was given to us, and in turn you, at the end of last year.

While the time frame is open ended at this point, make no mistake it continues to move forward. Not only are we anticipating samples, preliminary from Dragoon and more exacting from the Jackpot project, we also are looking at other promising placer mining opportunities in distinct geographic regions. Because of this you can be sure that we are fully invested in not only moving the Jackpot permit process forward but the entire progress of the company as well.

We believe that the Jackpot Project, while exciting and instrumental, is but an aspect of the entire Drake Gold Resources picture. Indeed, it is the talent that has been organized under the aegis of this organization that is its greatest asset. Having said that, we are still cognizant that tangible assets are what matter most for our bottom line.

We continue to find this dialog as rewarding as it is challenging. We believe we are answering many of the tough questions that many of you have had. In turn we appreciate that you understand the sincerity of Drake’s management team in continuing to build value for all stakeholders, be they current or future investors.


http://www.drakegold.com/default.asp?Page=InvestorInfo_CEOCo…

[zweifler]

Gibt es die Firma überhaupt noch?

[zweifler]

Der letzte macht das Licht aus.

[BetandProfit]

Antwort auf Beitrag Nr.: 29.583.009 von zweifler am 01.06.07 22:35:32

Wart noch ein bißchen, es geht ja aufwärts

[zweifler]

Schade die letzten 100% haben nur meine Verluste verrigert aber keinen Gewinn gebracht.

[BetandProfit]

LATEST NEWS


July 17, 2007 13:30 PM
Drake Gold Resources, Inc. Welcomes the Addition of a New CFO

July 10, 2007 6:56 PM
Drake Gold Resources: Management Change and Corporate Update
http://www.drakegold.com/

[BetandProfit]

Antwort auf Beitrag Nr.: 30.753.256 von BetandProfit am 18.07.07 22:46:03

[zweifler]

Hurra wir leben noch !

[BetandProfit]

July 26, 2007
Our management forum is going to be used to expand on information in press releases as well as keep you up to date on other important information. Please bookmark the page so you can continue to check for information that is relevant to all of DKGR’s shareholders. Important changes on the horizon include ongoing management changes and revisions to our list of projects that include expansions as well as additional properties.

Now that Drake Gold Resources has fully identified and cancelled a total of 60 million shares there can be a fair and equitable distribution to those who are entitled. “The introduction of Drake Oil and Gas was a natural outgrowth of opportunities that, while lucrative, were not part of the company’s mining focused business plan,” according to company President John Marconette. He continues, “we had value that needed to be conferred to shareholders without causing the company itself to lose focus.”

With the record date not yet chosen, there are a number of aspects of the issuance that can be revealed. With an issue of approximately 30 million shares for the Drake Oil and Gas entity, there will be an equal distribution of these shares to all of DKGR’s shareholders. A good, albeit hypothetical, example of this would be a DKGR shareholder who holds 1 million shares would receive 35,000 shares (estimated) of the energy spin-off. DKGR will retain a majority interest in the company after its IPO. The public offering price is being considered and will be disclosed as we draw nearer to the as yet undetermined record date.

Please be aware that this should be considered merely a reference point, actual details of the IPO will be released prior to the offering and are dependent on market valuation.
http://www.drakegold.com/default.asp?Page=InvestorInfo_CEOCo…

[zweifler]

Antwort auf Beitrag Nr.: 30.884.122 von BetandProfit am 27.07.07 23:33:15

Was erwartest du dir vom Spin off. Irgendeine Vermutung zum Share Price. Ich hatte hier ja wirklich schon alles abgeschrieben. Jetzt keimt wieder neue Hoffnung.

[geldrups]

Antwort auf Beitrag Nr.: 30.926.269 von zweifler am 29.07.07 20:53:59

Sgt mal, es ist immer die Rede von 35000 shares für eine Million Drake Res. Ist das ein willkürliches Limit oder gibt es für kleinere Mengen Drake res. shares (z.B. 500.000 stück) auch anteilig shares??

[zweifler]

Antwort auf Beitrag Nr.: 30.927.294 von geldrups am 29.07.07 21:24:58

Ne, musst noch welche kaufen wenn du auch welche haben willst.










Das Bezugsverhältnis wird schon für alle gleich sein. Manchmal sind die mit wenigen Stücken sogar noch besser dran.

[zweifler]

[BetandProfit]

Drake Gold Resources, Inc. Brings Oil and Gas Expert Aboard as Advisor

2007-08-01 09:45 ET - News Release

SCOTTSDALE, AZ -- (MARKET WIRE) -- 08/01/07


Drake Gold Resources (PINKSHEETS: DKGR) is pleased to announce that Mr. Michael Krasner has joined the organization to serve as a special advisor as the company works to create an Oil and Gas Subsidiary. Mr. Krasner has a 30-year history in the oil and gas industry and is a member of the Society of Petroleum Engineers. In his role as a project manager in the industry, he has helmed more than 100 successful oil and gas drilling projects. His career has included such challenging recovery efforts as offshore and horizontal drilling. Mr. Krasner brings this formidable skill set to the company and its Oil and Gas Subsidiary.

As Gas and Oil recovery becomes more lucrative, it also is proving to be more challenging. To stay competitive, companies must develop deeper, more remote and ambitious projects. The addition of Mr. Krasner means that DKGR's spin-off will have the expertise needed to meet these demands and create a high value portfolio of oil and gas recovery operations.

Mr. Krasner's auspicious career began at the age of 21 when he became the youngest drilling and production supervisor for Enserch Exploration, Inc., in Oklahoma. Since his promising start in the industry, Mr. Krasner has continued to serve in various executive positions with distinction. One of his most successful undertakings has been continuing the work of his father, renowned Texas "wildcatter" Sam Krasner, at K-Sam Oil Company LLC.

Mr. Krasner's tenure at K-Sam Oil Company LLC has been focused on the expansion of operations in the Barnett Shale. This formation is estimated to contain approximately 27 to 30 trillion cubic feet of gas. The amalgam of all of this experience is valuable for DKGR and its shareholders as it moves forward with the creation of its gas and oil subsidiary launch.
KGR-20070801&symbol=DKGR&news_region=U" target="_blank" rel="nofollow ugc noopener">http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=U-i0284851-UKGR-20070801&symbol=DKGR&news_region=U


Michael P. Krasner:

K-Sam Oil Company’s President and Managing Member is Michael P. “Mike” Krasner, son of a legendary oil and gas “wildcatter,” Sam Krasner.
http://www.ksamoil.com/index.php

Unglaubliches Gerücht der Amis von einem Ipo-Preis der Öl- und Gas Firma von 0,20. (Drake will ja eine Dividende von 35.000 Stk. je 1 Mio Drake Aktien für die neue Firma ausgeben).

[BetandProfit]

Drake Gold Resources, Inc. Executive Summary of Its Business Expansion Plan


Drake Gold Resources Details How It Will Implement a Comprehensive Project Expansion Plan in Its Executive Summary

SCOTTSDALE, AZ -- (MARKETWIRE) -- 08/03/07

Drake Gold Resources (PINKSHEETS: DKGR) is pleased to announce that it has addressed the first stages of its business plan and its coming expansion within a comprehensive executive summary. The primary focus of the executive summary is to ensure the company's acquisition schedule adheres to a stringent risk/reward analytical formula. "More projects with more bulk sampling means that we move into production with a clearer picture of what the benefits will be for the company and for the shareholders. It's about discipline," according to company President John Marconette.

We have a slate of projects in the pipeline that have met or are in process of meeting the formulation criteria contained in the executive summary. The projects will be announced as it becomes competitively viable to do so. Additionally, delays with the Jackpot Placer Project are currently being evaluated to determine the project's compliance to the criteria as part of the company's comprehensive approach to project oversight.

Executive Summary

Drake Gold Resources' focus is the development of a portfolio of precious and industrial metal mining projects for the benefit of its shareholders. Company executives are continually acquiring rights and leases to a multitude of projects.

Drake Gold Resources' business is based on two simple facts,

* Precious and Industrial metals become more scarce with each passing year making their recovery increasingly lucrative.
* Formerly productive areas provide renewed profitability that are risk-managed opportunities for emerging mining companies.

Current projects have remained in focus as well. The company will use a specific set of formulation criteria in order to evaluate testing samples with an eye towards moving forward with bulk sampling. For those projects that meet this criteria the necessary steps will be followed resulting in eventual full-scale production. Those that fail to fulfill these predetermined specifications must be reevaluated with an eye towards dropping them altogether.

DKGR Formulation Criteria

* Identify specific projects showing merit. (Includes release information to the public)
* Begin initial exploration by performing grab samples and in-depth onsite investigation. (provide assays for public view)
* Consider feasibility as it relates to whether a bulk-sampling program is warranted.
* Bulk sampling would then be performed giving the company the best preliminary information for scaling up to production.
* Then the decision is made for the project to move into production. At this point we will also decide whether to find joint venture capital partners or to form a subsidiary that will then be subject to an initial public offering and finally distributed to DKGR shareholders in the form of a stock dividend.

Not performing each of these steps can too often lead to projects that under perform or fail to perform at all. Taking care to complete each step in the formulation is the first aspect of an exhaustive risk management program that results in the highest return for the company and its shareholders. Once the steps have been completed the risk management program will then require that an assessment of whether arrangements should be made to place the new project within a subsidiary or JV partnership, as described in step five of the DKGR Formulation Criteria.

Addressing this program of risk management in regard to the company's substantial project acquisition and expansion plan was the motivation for the formation of the company's newly augmented management team. A list of appropriate strategies will be considered including partnering with outside capital, whether they be through the aforementioned joint ventures or through a DKGR subsidiary. This will effectively expand the capacity of the organization while also limiting downside exposure.

Drake Gold Resources will also package certain projects, which do not fit with the company's core business, within their own corporate structure. Funds raised through (both complimentary as well as non-core business) subsidiary IPO's can be used to facilitate bringing these and other projects to fruition. This will essentially limit risk and provide capital for further project development, all of which will increase value for DKGR shareholders.
http://www.drakegold.com/default.asp?Page=PressRelease_35

[BetandProfit]

Drake Gold Resources, Inc. Accounting Progress Report

Drake Gold Resources CFO Thomas Conar Takes Accounting Process in Hand as He Moves the Company to Fully Reporting Status

SCOTTSDALE, AZ -- (MARKETWIRE) -- 08/08/07

Drake Gold Resources (PINKSHEETS: DKGR) is pleased to announce that the company's new CFO, Thomas Conar, is spearheading the company's accounting process as we move toward full disclosure. While the process is challenging, it is designed to facilitate transparency between Drake Gold Resources, Inc. and the investment community. "The company's intention is to become a fully disclosing company, releasing our audited books as detailed in our timetable," according to company president John Marconette.

This accounting update is part of an ongoing program to build corporate transparency. We are continuing our efforts as described in previous news with the help of new CFO Thomas Conar. He is currently reviewing all information as it relates to the corporate books and accounting to ensure accuracy. This is part of an ongoing program of financial discipline that was initiated with the introduction of the company's executive summary. The accounting review process is not limited to fully audited books and reporting; it includes preparation for eventual OTCBB listing, according to NASD guidelines. The steps of the CFO review include:

*

First, all accounting and corporate books are being reviewed for accuracy as a preliminary step to becoming fully reporting; this will then lead to an eventual audit.

*

We then use the properly structured information to bring the company into accordance with the Pinksheets, LLC new rating system. This restores Drake Gold Resources' quote and status as an unaudited Pinksheet current information providing company.

*

After the previous step has been reached, Drake Gold Resources can move to bring its filing status to exceed those described at www.pinksheets.com. We will then submit the company to their more stringent PrimeQX listing criteria. You can read through these steps on the OTCQX Website (http://www.otcqx.com/otcqx/listingRequirements#prime).

*

Once the PrimeQX listing has been obtained we will, with the help of our CFO, Thomas Conar, move toward becoming a fully audited company via a PCAOB registered SEC auditing firm.

*

Having reached these goals, Drake Gold Resources will be poised to list as an OTCBB company. OTCBB Requirements (http://finra.complinet.com/finra/display/display.html?rbid=1…).

http://www.drakegold.com/default.asp?Page=PressRelease_36

[BetandProfit]

Press Release Source: Drake Gold Resources, Inc.

Drake Gold Resources, Inc. Signs Joint Venture With Southern Mining and Exploration
Friday August 10, 1:00 pm ET

Drake Gold Resources, Inc. Has Signed a 75% Mining Agreement With Southern Mining and Exploration for Participation in All of the Company's Projects Throughout the Southeastern United States

PORTLAND, OR--(MARKET WIRE)--Aug 10, 2007 -- Drake Gold Resources (Other OTCKGR.PK - News) has signed an agreement with the privately held Southern Mining and Exploration (SME) after performing preliminary assays on numerous properties the company controls in GA and the wider Southeastern United States. While DKGR currently cannot release specific information on the location of these properties for competitive reasons, it will as further leases are finalized in the next few weeks. "We believe that the Georgia properties contain some of the most exciting assays we've come across," according to John Marconette. Initial investigative work, which has closely followed DKGR's executive summary, has resulted significant results. The company will release the details of these assays in upcoming press announcements.

ADVERTISEMENT
To assist in both simple and complex sampling as well as the development of these projects, DKGR management has signed William McLemore PhD, PG, CHG, a veteran Georgia state geologist. Dr. McLemore has more than 40 years experience as a geologist in North America and the Middle East. Throughout his career, Dr. McLemore has been involved in all manner of complex geological and hydrogeological projects. These projects have included but are not limited to industrial metals, precious metals, radioactive minerals as well as on and offshore drilling. After working for Dames & Moore, a well-known innovator in sampling techniques, for the better part of a decade assessing nuclear and coal fired power plants, he moved into the public sector.

Dr. McLemore then worked as State Geologist of Georgia on their Geologic Survey for more than two and a half decades. This work involved a comprehensive assessment of the state's geologic resources. William H. McLemore holds a PhD. in geology from the University of Georgia. Dr. McLemore has written or directed over 500 professional reports, given over 50 professional talks and over 200 speeches influencing a generation of geology professionals.

With the insight brought to DKGR by Dr. McLemore, management believes that these properties preliminary assays mesh with data collected in a region wide geological survey that he was integral in developing. "Based on initial review I believe that a significant amount of precious metals can be produced when these projects come on line," was the opinion of Dr. McLemore. The next step, based on the guidelines of our executive summary, is to move into a program of more rigorous sampling and deeper investigation on the properties held by SME. This will include additional mapping of samples to identify gold trends, both in placer and hard rock deposits. Dr. McLemore is scheduled to meet SME's chief prospector early next week to begin this process.

The history of gold mining in Georgia is extensive. Hernando De Soto's voyage was driven to what would become Georgia in the 1540s in search of the highly prized metal. Gold was mined commercially in Georgia from the 1820s through l933 with some non-commercial mines still in operation. Georgia is said to be one of the nation's best states for gold prospecting since its original boom days which began in 1829, famously branding the miners of this time and place 29ers. Originally these gold strikes had been discovered in North Georgia on Cherokee land.
http://biz.yahoo.com/iw/070810/0289114.html

[BetandProfit]

Antwort auf Beitrag Nr.: 31.129.927 von BetandProfit am 12.08.07 14:23:33

Management Forum
http://drakegold.com/default.asp?Page=InvestorInfo_CEOCorner

[BetandProfit]

Drake Gold Resources, Inc. Reaches Turning Point Regarding Jackpot Placer Project
Drake Gold Resources, Inc. Releases Preliminary Geological Investigation According to Its Defined Formula Delivering Results

PORTLAND, OR--(MARKET WIRE)--Sep 21, 2007




Drake Gold Resources (Other OTCKGR.PK - News) has received a report from independent geological survey firm The Gault Group of Phoenix, AZ. The report, while inconclusive, has shown that the property possesses significant amounts of silver and copper but undefined levels of gold. While bulk sampling is a necessary next step to determine an accurate assessment, management feels that the project must be reevaluated in terms of its lease. "The Gault Group report was promising in terms of both silver and copper, both of which have continued to increase dramatically in value. The report though has contradicted some of the conclusions drawn in earlier findings as they relate to gold, which has been the impetus for our plan to renegotiate," according to president John Marconette.

Diversifying the portfolio of assets with the production of both base and precious metal production can only increase the strength of DKGR. President Marconette went on to state, "We see the full spectrum of metal prices continue to gain ground with Chinese, among others, industrial demands outpacing worldwide mining production. As we await the inevitable onset of inflation [along with uncertainty, a main component in rising gold prices] we can depend on the multiple revenue centers of gold, silver and copper production. Having said that we will seek an even better lease agreement for this project to benefit our shareholders."

As DKGR moves to renegotiate the Jackpot Placer Project, per the guidelines of its Mining Projects Executive Summary, the potential renegotiation of terms will be fundamentally based on our ability to bulk sample the project to better define its true potential. The company is also moving aggressively on a number of other fronts. DKGR is finalizing leases and exploration agreements in GA with its joint venture partner, Southern Mining and Exploration. The company will release preliminary samples on at least one of its new properties in the expanding portfolio as part of the next step of its formula.

JACKPOT PLACER PROJECT PRELIMINARY GEOLOGICAL INVESTICATION

Please click on the link or copy and paste to your browser (takes time to download):
http://www.drakegold.com/docs/jackpot-report.pdf" target="_blank" rel="nofollow ugc noopener">
http://www.drakegold.com/docs/jackpot-report.pdf

http://drakegold.com/default.asp?Page=PressRelease_38

[Exploser]

gestern auf TH geschlossen, dürfte heute weiter hoch gehen.

Ist jemand noch in diesem Wert investiert?

[zweifler]

Antwort auf Beitrag Nr.: 32.504.501 von Exploser am 21.11.07 07:36:50

Ja, warum glaubst du geht es heute weiter hoch. Es gibt nichts neues von dieser Firma.

[zweifler]

Könnte jetzt doch weiter laufen. Wird in USA sehr stark diskutiert. Wird als möglich 10bagger gehandelt.

[BetandProfit]

Antwort auf Beitrag Nr.: 32.506.185 von zweifler am 21.11.07 10:18:58

Wenn das nichts Neues war, dann weiss ich nicht:

Drake Gold Resources, Inc. Has Completed Updates for All Financial and Corporate Information
Drake Gold Resources Has Finalized Updating Information With Pink Sheets, LLC to Make the Company a "Current Information Provider"

PORTLAND, OR--(MARKET WIRE)--Nov 20, 2007

Drake Gold Resources (Other OTC: DKGR.PK - News) today announced that the Company, under guidance of counsel Joe Kaufman, has completed its financial disclosure information for filing with Pink Sheets to ensure that its shareholders and the investing public are provided with adequate current information. The Company has met, if not exceeded, full financial disclosure information requirements as posted on the Pink Sheets, LLC website.

Drake Gold Resources, Inc. has completed the financial compliance executive summary plan (http://www.drakegold.com/docs/DKGR-Financial-Compliance-Form…) bringing up to date current filings in accordance with the newly invigorated requirements of being a "current information provider" as outlined by Pink Sheets, LLC. This has included the following:

-- Completing The Initial Company Information and Disclosure Statement
-- Posting All Financials For The Last Two Years On PinkSheets.Com
-- Obtaining Opinion Letter From Legal Council

As a result, Drake Gold Resources joins the ranks of the top 21% of all Pink Sheet-quoted companies in regard to compliance specifications. This is a result of management's pledge of continually improving the level of transparency regarding disclosure to all concerned parties. With the current level of disclosure, the company is now moving towards meeting the even more stringent requirements of a PrimeQX listing as set forth by Pink Sheets, LLC.

Thomas Conar, CFO of Drake, commented: "My first goals when joining the Drake team were to help direct the reinstatement of Drake's quote on Pink Sheets and achieve current reporting status. I am pleased to report these have been accomplished.
http://www.drakegold.com/default.asp?Page=PressRelease_39




Drake Gold Resources, Inc. Announces Decrease of Both Authorized and Outstanding Shares
Drake Gold Resources Continues Its Campaign to Strengthen the Architecture of the Company With the Completion of an AS/OS Share Reduction

PORTLAND, OR--(MARKET WIRE)--Nov 25, 2007

Drake Gold Resources (Other OTC: DKGR.PK - News) with the help of company President John Marconette and CFO Thomas Conar, has undertaken a comprehensive plan to develop a strong corporate structure.

The first step of this plan, bringing up to date current filings and becoming a "current information provider," was completed recently (See PR of 11/20/07). We are now pleased to announce to our shareholders our second step: a decrease of both authorized and outstanding shares of Drake Gold Resources, Inc.

The Outstanding Shares has been decreased from 878,156,800 shares to 808,156,800 shares. (An additional 20-million share cancelation will follow pending paperwork finalization.)

The Authorized Shares has been decreased from 1,401,500,000 to 950,000,000 (900M common, 50M preferred.)

"Very few start-up companies are willing to demonstrate the kind of responsibility needed toward forming a solid share structure. I am proud to say Drake Gold Resources is one of them," said President John Marconette. "We will be sending a message to the market that we are serious in our mining aspirations and our intentions are to set the bar higher than any other company currently trading over the counter."

ABOUT DRAKE GOLD RESOURCES INC.

Drake Gold Resources Inc. is in the midst of creating a diversified natural resource company, with a portfolio of precious and industrial metals producing mines as well as the creation of an oil and gas subsidiary. As a result of ever-increasing demand and the resulting scarcity, the market for natural resources becomes increasingly profitable.

Diversification and innovative exploration tactics are part of an overall strategic plan that is being carried out by the company's formidable team of natural resource development executives. Diversification plans include the development of gas, oil, gold, silver and industrial metals producing projects. For further information about Drake Gold Resources please visit our website, http://www.DrakeGold.com.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Based upon industry standards Drake would be considered highly speculative. Additional risks you should consider, this list is limited and additional risk not mentioned may apply: failure to meet Drake's financial and contractual obligations, Drake's managerial errors made based upon the Company's limited experience and knowledge of the industry, commodity risk, acts of God and regulatory risk. 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.

Contact:
Drake Gold Resources, Inc. (DKGR)

Investor Relations Hotline
1-888-601-9983
Email: [e-mail]
Website: http://www.DrakeGold.com

Public Relations Contact
1-310-728-9452
Email: [e-mail]
http://www.drakegold.com/default.asp?Page=PressRelease_40




@Exploser

Bin schon knapp 1 1/2 Jahre hier drin und es wird Zeit, dass endlich die Ernte kommt.

"Erst kommen die Schmerzen, dann das Geld." Kostolany

[BetandProfit]

Antwort auf Beitrag Nr.: 32.578.074 von BetandProfit am 27.11.07 09:19:06

Management Forum

In keeping with the open company policy, Drake Gold Management will post corporate updates and answers to questions by shareholders on this page.



November 27, 2007
Drake Gold Resources Inc. - Announces Decrease of Both Authorized and Outstanding Shares

Monday's press release announces a stock buyback and cancellation that was made possible with personal assets held by Chairman and Director Clayton Smith. With the use of his personal assets, Mr. Smith was able to negotiate the company's purchase of shares held by individuals who came by these shares as part of a deal with the previous corporate entity. This stands in stark contrast to other companies trading over the counter that often have little control of large blocks of stock and in turn see short price per share growth punctuated by long-term diminished value.

With the completion of the buyback of 70 million shares we have shown that we share the same perspective as that of our investors (because we are investors,) we want share price to continually improve over the long-term. As opposed to many other small companies that issue stock that diminishes value. Unfortunately they do this in an effort to make short-term gain at the expense of those who take a long-term position in these companies. These companies often point at phantom naked short sellers when the reality is that they have issued huge blocks of stock to promoters. These promoters in turn sell into a market populated with those who fall prey to these thin promotional tactics that are preformed many times to falsely inflate prices so these promoters can sell their holdings. Companies and their investors both become victims of the tactic. By sidestepping the need to exchange stock for promotional services provided by third parties who have none but the shortest term interests, we have eliminated much of the downward pressure that can brutalize share price.

We have done this not for some altruistic impulse but as part of a strategy that will provide both cash flow and higher share price for the company and its biggest shareholders. The largest of which is the company's chairmen Clayton Smith who went on to state. "I have put up my own assets to secure these shares as the culmination of a desire to build a lasting organization that can pay its principles and be a great long-term investment. I take great pride in what we have done in securing all non-friendly blocks of shares, devising a long-term strategy and securing a slate of projects that we believe will create a long lasting business that is unparalleled."


November 20, 2007
Drake Gold Resources Inc. - Information

Drake Gold Resources has been working towards a set of goals laid out in a number of documents that have been developed over the past year. These include its executive summary and financial compliance formula. We have done this for the express purpose of showing our investors that we are committed to accountability and moving beyond the status quo. All too often companies are reluctant to disclose benchmarks and goals for fear of falling short. We believe that if we share our ambitions we can take credit for our achievements as well as responsibility in tougher times.

Through hard work and tenacity we feel that the accomplishments will be many while the challenges will only be the means by which we attain these successes. Of course the many goals we have set for Drake Gold Resources rest upon the solid fiscal foundation created by management and attested to in the financials, as vetted by CFO Thomas Conar.

In regard to the updating of information Mr. Conar stated, "The process of obtaining the new status on Pink Sheets is a wonderful addition that I think all companies should be required to go through. The combination of legal and financial transparency is woefully lacking in most Pink Sheet companies." As well as, "The timely completion of this could not have been done without the assistance of a member of the prior management. I want to thank Jerry Leslie for his time and effort in providing a seamless and accurate transition from the prior company."
http://drakegold.com/default.asp?Page=InvestorInfo_Managemen…

[zweifler]

Der Kurs spricht aber eine andere Sprache. Ich weiß jetzt wirklich nicht mehr was ich hiervon halten soll. Einen Tag Top den anderen Flop.

[BetandProfit]

Antwort auf Beitrag Nr.: 32.601.405 von zweifler am 28.11.07 17:26:24

Nach dem Anstieg ist es nur natürlich, dass Gewinnmitnahmen einsetzen.

Man braucht sich nur die Homepage ansehen, dann müßte man erkennen, was da im Entstehen ist, und zwar eine Reale Firma.

Wie viele Aktien kennst Du in den Pinkies mit der Offenlegung allen Finanzgebarens, einem Businessplan, die Ausstattung der Firma mit einem guten Managementteam und dazu noch die Aktienstreichung?

Die nächsten Schritte werden ein ÖL-Ipo und Einbringen von Assets und J/Vs sein.

Kann man alles auf der Homepage studieren, aber jeder sollte seine eigene DD machen und selber entscheiden.



Drake Gold Resources, Inc. Releases Comprehensive Corporate Development Strategy

With the Help of Vetted IPO Analyst Francis Gaskins, Drake Gold Resources Management Has Revised Model and Strategic Plans in Preparation of Release of the Full Business Plan in the 1st Quarter

PORTLAND, OR--(MARKET WIRE)--Nov 28, 2007

Drake Gold Resources (Other OTC: DKGR.PK - News) has with the November 20th announcement of updated financial information implemented a comprehensive corporate development strategy. Continuing with the Monday, November 26 press release detailing its stock cancellation, management has already showed a dedication to the precepts of the plan.

The preliminary sections are detailed on the company website in the following URL:
http://drakegold.com/default.asp?Page=BusinessPlan

The sections include:

-- Executive Summary - Condenses the Drake Gold Resources business model.
-- Operation Strategies - Details how management intends to implement this Model.
-- Corporate Roster - Describes the expertise convened to ensure implementation.
-- Financial Compliance Formula - Provides the framework for the company's advance toward a senior listing.
-- Mining Formula - Protocol for the development of precious and base metal projects.
-- Petrol Formula - Protocol for oil and gas project development.
-- Code of Ethics - Enumerated responsibilities for Drake employees and directors.

ABOUT FRANCIS GASKINS

President, IPODesktop.com

Francis Gaskins, a seasoned financial analyst, is noted as the Internet's most experienced, analytical web cast producer, interviewer and leading provider of independent IPO research for professional money managers and individual investors.

Mr. Gaskins is a regular contributor to Bloomberg TV and CNBC where he provides insight on pending IPOs. He also hosts the show IPO Hardball that covers a variety of IPO stocks. The oft quoted analyst's influence extends to his widely read website (One of 'Forbes Best IPO Sites'), numerous video productions as well as a variety of articles and opinions published in the nation's financial media including the Wall Street Journal, Dow Jones Business News, Dow Jones Newswires, Reuters, USA Today and TheStreet.com.

Francis Gaskins is a graduate of both Harvard University, where he earned a Masters of Business Administration (Finance), and of Princeton University, earning an A.B. in Economics. As a seasoned team leader, his extensive experience in sales, marketing, pre-IPO financial analysis and valuations, fund raising, forecasting and budgeting, strategic modeling, general ledger and preparation of financial statements, will prove to be invaluable for Drake Gold Resources as it expands its business plan and prepares for subsidiary IPO Drake Oil and Gas.
http://www.drakegold.com/default.asp?Page=PressRelease_41

http://gaskinsco.com/


Management Forum
http://drakegold.com/default.asp?Page=InvestorInfo_Managemen…

[bua321]

wow Ihr haltet aber lange durch !!!!

liest sich hier ja alles recht ordentlich !

nur was stimmt denn hier nicht dass sich der Kurs nicht von der Stelle bewegt ?

wäre ja echt schade um eine Firma mit guten Ansätzen !
LG
bua

[zweifler]

Hier wird es jetzt wieder spannend. Update auf der Homepage unter Management Forum. Wiederaufnahme der Goldproduktion steht bevor.

[BetandProfit]

Press Release Source: Drake Gold Resources, Inc.


Drake Gold Resources Signs Joint Venture and Distribution Agreement With Aero Mining Technologies
Monday February 4, 9:30 am ET


Drake Gold Resources Secures Necessary Mining Equipment for Georgia Mining Project Moving Drake Closer to Production


PORTLAND, OR--(MARKET WIRE)--Feb 4, 2008 -- Drake Gold Resources (Other OTCKGR.PK - News) is pleased to announce the agreement with Dove Mining USA d.b.a. Aero Mining Technologies. Aero has agreed to use Drake as a distributor and finance banking arm of the products it has to offer. In addition to the distributor and financing arrangements, it has entered into a joint venture to provide necessary equipment for Drake's Georgia operations.



The joint venture agreement with Aero Mining Technologies has secured The Explorer 500 a $300,000 piece of equipment with accessories. The equipment will be sent directly to Georgia via boat crate transport as soon as possible. The agreement provides the unit at no cost to Drake but guarantees Aero a 10% net smelter royalty of net revenues from Drake's 75% working interest. Once Aero has obtained $600,000 from the proceeds the agreement will change to a 1% NSR, at which time Drake will own the equipment entirely.

The Explorer 500 is a wash and portable gravity separation plant which insures continuous and efficient concentration and recovery of (100%) of gold over the selected sieve size. The gold processing plant is supplied as a complete plant, including Ore Feed Hopper, Trommel (Classifier), Duplex Jig Concentrator, Trailer, Centrifugal Pump, Piping and Maintenance kit. On Drake's Georgia project this unit will process 50 tons per hour. No chemicals are necessary and water can be recycled. The Explorer 500 can recover gold as small as flour gold.

For more information about the Explorer 500 visit:

http://www.aerominingtech.com

http://www.dovemining.com/portable_mining_equipment_explorer…

The distribution agreement will allow for Drake to showcase the products Dove Mining has -- including gold mining equipment and engineering expertise. The agreement includes a fee-based commission for all purchases that Drake introduces to Aero. The agreement has been set up to include the expansion of a financing arm whereas Drake and its board of advisors will use their investment banking contacts to secure equipment lease financing. First-hand review of such financing opportunities will give Drake the ability to review a large group of proven and turnkey projects, as well as negotiating working interests and joint ventures. Both directors of Drake, Clayton Smith and John Marconette, will be joining the board of Aero Mining Technologies.

"We are very excited with recent advancements in Georgia to be able to secure the main component of our gold recovery efforts on our target area. As promised to Drake shareholders, we are building the infrastructure of our operations without any Drake dilution," said President John Marconette. "Forming an alliance with such a well-established mining equipment company like Aero Mining Technologies will give Drake a big boost forward -- advancing its business model on all fronts."
http://biz.yahoo.com/iw/080204/0356700.html

Approx. Capital Structure:
- 808M shares outstanding
- 362M shares Common Free Trading
- 528M shares restricted
- Currently no warrants
- Currently no Options
- No long-term debt

Marktkap. derzeit knapp 4 Mio $, anscheinend kurz vor Produktionsbeginn.
http://www.drakegold.com/default.asp?Page=InvestorInfo_Manag…

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Neues Update im Management-Forum:

February 28, 2008

Update on Sample Analysis from ALS Chemex Laboratories

As announced previously, our management team made the journey down to our Georgia mining operation site late last month. While on site, they further explored the on-site streams and took 7 trench samplings down to the bedrock. After discovering substantial gold in the on-site streams, we were confident that these samples from the pay dirt would yield promising results. The samples were carefully bagged, labeled, photographed and prepared for shipment. They were sent to ALS Chemex in Nevada for testing. ALS Chemex had completed our previous assays to our satisfaction and we expected efficient and accurate work from them.

Anxious to learn the outcome, we placed a rush on the analysis of these samples and expected to receive the results in fairly short order. Unfortunately, due to an error at the lab, our samples were overlooked and the analysis was not completed. After diligently following up with the labs in both Nevada and British Columbia, we have received a letter of apology from Sonyia Jhooty in the Client Services department of ALS Chemex with her guarantee that the lab will finish their final analysis by March 2nd. She also mentioned that the lab in Reno is reviewing their standard operating procedures to ensure that such a mistake is not repeated in the future. We’ve posted Ms. Jhooty’s letter below and we will announce the labs results once they are received next month.

February 28, 2008
Drake Gold
2870 NE Hogan Road - Suite E237
Gresham, OR, 97030
USA
ATTENTION: John Marconette
Dear Mr. John Marconette,
RE: Samples submitted to ALS Chemex on February 5th 2008
Drake Gold submitted 33 samples to the Reno facility of ALS Chemex on February 5th. These
samples were submitted for Au, Pt and Pd analysis by the PGM-ICP27 method on a rush basis.
The samples were prepared at the Reno facility and analyzed at our Vancouver facility.
Unfortunately, the request for rush analysis was overlooked in error at our Reno facility. The
samples arrived at our Vancouver facility for analysis on February 22nd at which time we rushed
the analysis and it was completed on February 23rd. Regrettably this resulted in the analysis
being completed later than Drake Gold expected.
As per your request, these samples are currently undergoing further analysis by our PGMICP23
method and are expected to be completed on March 2nd.
We have contacted our facility in Reno regarding this incident. They will be reviewing our
standard operating procedures to ensure they are being followed. Please accept my apologies
on behalf of ALS Chemex for any inconvenience this may have caused.
If you have any further questions or concerns, please feel free to contact me.
Yours sincerely
Sonyia Jhooty
Client Services Representative