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.

http://www.drakegold.com/docs/DKGR-Letter-from-ALS-Chemex-02-28-08.pdf

A Trek Down to Georgia

A few weeks ago, Drake Gold’s management took a trip down to our Georgia mining project. Though we’ve been in the preproduction phase for some time now, this was our nearest production visit, as Clayton Smith, our Chairman, got his hands dirty in the Georgia soil. After a few days with rolled up sleeves, muddied boots and sweaty brows, we discovered that our claim appears to be richer in gold than first expected. Clayton’s hard work in the South helped to identify our initial target once production is underway. This target zone comprises approximately 10 acres at the bottom of 2 ridges. We have also learned that the local streams are rich with gold, which is a clear indication that placer and alluvial grades will be strong in the pay dirt areas as well.

Keep watching this blog, as I’ll be posting pictures from this seminal trip! For now, check out the video below of Jan Yarrington explaining the process of searching for Gold in the creek beds.



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Welcome to the Drake Blog

We at Drake Gold Resources are extremely excited to unveil the newest addition to our website, the Drake Blog. Over the coming months, this site will be the best place to find new information about our latest projects, our newest acquisitions, the most up-to-date news regarding Drake Gold Resources, what we’re doing, what we’re thinking and where we’re going. We hope to make this blog a dynamic, informative and interesting forum for investors, potential investors, and those just interested in our company to gather information and discuss all the latest developments with Drake Gold.

We hope this blog will serve as an insight into how we do things here at Drake. We strive to be innovative and forward thinking in the way that we pick new projects and choose companies with whom we partner. We believe that diversity is the key to survival and success in today’s economic climate. For this reason, we have interests in a wide array of aspects of the natural resource industry. Currently we have identified and begun exploration on several mining projects across North America. We have signed joint venture agreements for the mining of minerals such as gold and silver and a world leader in surface mining technologies, to just name a few. We work extremely hard to keep focused and to stay fresh as we move forward and we hope you will use this blog as a means for checking in and staying up to date!


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