Daulton Capital Provides Updates on Financial Audits on its Gold Mining Project
NEW YORK, July 26, 2012 /PRNewswire/ -- Daulton Capital Corp. (OTCBB: DUCP) (to be renamed Celframe Arx Resources Corp), a gold and precious metals exploration company, is pleased to announce It has retained the auditing firm of Bentleys to complete financial audits of its operating subsidiaries, and ARX Spring Gold mining project. The company also plans to file the year-end April 30th financials within the following week.
A spokesperson of Daulton Capital Corp. said, "The Company is pleased to announce the retaining of Bentleys to conduct US GAAP financial audits on our newly acquired ARX Spring Gold mining project, located in Queensland, Australia. Upon completion, the audits will be filed with the US Securities and Exchange Commission, and provide our company with increased transparency as we move towards gold productions in the coming months."
About Daulton Capital Corporation:
DAULTON CAPITAL CORP. (OTCBB: DUCP) is a natural resource company focused on gold and precious metals. The New Management's corporate philosophy is to be a Share Holder Value creator, with the objective of exploring, acquiring and operating Gold projects in Australia and other countries to generate real value beginning with ARX Springs Gold Project in Queensland, Australia.
Daulton Capital has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to explore, acquire and develop gold resource projects, and continue to invest in expansion of exploration activities and seek opportunistic special situations that can add to our portfolio of assets within the resource sector.
ARX Gold Project:
The ARX Springs Gold property is located at Coonambula near Eidsvold in Queensland, Australia, and has gold resources estimated at between 16,000,000 to 18,000,000 (Sixteen to Eighteen Million) ounces of gold and estimated to generate a cash flow of $22 billion over the planned 20 year life of the mine based on current gold prices. Queensland, Australia is well known to be a prolific gold producing State since the 1867 Australian gold rush, several major gold producing companies including BHP, Glencore Xstrata, Rio Tinto, Barrick Gold and Anglo American have been active in the State of Queensland and the area where the ARX Springs gold project is located has an extensive history of gold finds going back to early 1888 in the nearby St Johns Creek gold fields.
Please visit www.daultoncapital.com for more information.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact
Daulton Capital Corp
Investor Relations
US Office: Celframe, The Seagram Building, 375, Park Avenue, Suite 2607, New York, NY, USA
Ph.: +1.212.6346805
Email: [email protected]
Web: www.daultoncapital.com / www.celframe.com
SOURCE Daulton Capital Corp.
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