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Reno, Nevada, Sept. 25, 2018 (GLOBE NEWSWIRE) --
Dakota Territory Resource Corp (OTCQB: DTRC) ("Dakota Territory" or the "Company") is pleased to announce today that the Company has entered into a major consulting relationship with Strategic Management Partners LLC (“SMP”). SMP will assist Dakota Territory in the formulation and execution of its corporate business and strategic development objectives. Strategic Management Partners specializes in assisting early stage companies to access the partner, capital and human resources necessary to advance their businesses. SMP’s experience spans natural resource, information technology, physical and cyber security and health-care related technologies markets with extensive business expertise specific to the region.
“This is an important step for Dakota Territory”, said President and CEO, Gerald Aberle. “We’ve had to be patient, but have maintained sound corporate structure during a long period when resources have been out of favor. We are seeing a significant increase in interest in the Black Hills, as prolific gold districts in North America with rich histories for producing high grade deposits are in demand. The industry is obviously in need of quality replacement reserves and Dakota Territory is in a premier location with an exceptional project portfolio that we intend to build on. South Dakota is a great place to do business and SMP was the ideal choice of partner for building a successful enterprise here”.
About Strategic Management Partners LLC
Strategic Management Partners, LLC, was started in South Dakota and has offices in Rapid City, SD., Salt Lake City, UT., and Missoula, MT. The three senior managing partners are Stephen T. O’Rourke, Stephen A. Shassetz and James M. O’Day.
Stephen T. O’Rourke - Stephen recently joined the Board of Directors of Dakota Territory Resource Corp as a result of the synergies developed through the process of due diligence investigations. Stephen served as President of Global Petroleum Exploration for BHP Billiton (BHP:NYSE) and was a member of the Senior Management Team for the corporation. Other key roles at BHPB included VP of Development Planning and VP of Appraisal and Petroleum Engineering. Prior to joining BHPB he held various senior technical and management roles for Shell Oil Company. Mr. O’Rourke is a founding partner of Strategic Management Partners LLC, a consulting firm based in Rapid City, SD specializing in energy, minerals & business development. He serves as Managing Director for Heat Mining LLC, a geothermal technology development company and is a Managing Partner for Geoparks International LLC, a geologic consulting group focused on the Black Hills of South Dakota. He is currently a non-executive board member of RESPEC, an engineering consulting firm also based in Rapid City, SD. Stephen serves as a member of the South Dakota School of Mines & Technology (SDSM&T) Geological Engineering advisory board and is Vice Chair of the SDSM&T Foundation Executive Committee. Mr. O’Rourke holds a BSc in Geological Engineering and an Honorary Doctorate of Public Service from SDSM&T and is a graduate of the Wharton School of Business Advanced Management Program.
Stephen A. Shassetz Steve is an accomplished business strategist, having been actively involved in this space for more than 30 years. He has provided a wide variety of business-consulting services for Schwan Financial Group, one of the top 10 financial management firms in the United States. He was CEO of NTS Logistics, in conjunction with Carrington Consulting, where his responsibilities were to redirect and lead a progressive logistic company. He is also the CEO/Founder of SMS, LLC. From 2002-12, he was the CEO for Native American Environmental, LLC, where he was hired by investors and owners to provide executive management for a company providing unexploded ordinance disposal and security services throughout the United States and Middle East. He was charged with developing all of the policies, procedures and systems necessary for company operation, as well as negotiating government and private contracts and securing all funding for company operations. He developed business from infancy to 100+ employees and $10 million in revenue.
As Director of Administration for Fairfield & Woods, PC, his responsibilities included managing all facets of finance, human resources, accounting, marketing and public relations. He also developed and implemented policies, administered 401k and profit sharing plans, performed strategic and tax planning and managed external corporate relations. In addition, he worked with internal and external system professionals to implement and update the firm’s technology and integrate it into daily operations. His other duties included providing work flow analysis and restructuring the financial and services delivery processes, resulted in increased profit margins.
Steve is a graduate of Utah State University with an MBA in Finance.
James M. O’Day In addition to being a senior managing partner for SMP, LLC, Jim is the CEO/Founder of O’Day Enterprises, LLC, based in Missoula, MT.
After a successful 15-year career in NCAA Division I intercollegiate athletics, the final seven as Director of Athletics (2005-12) at the University of Montana, Jim joined the highly-successful Farran Realty Partners team of Missoula, MT, in August 2012. A year later, he opened his own consulting practice, operating under the banner of O’Day Enterprises, LLC, where he has provided valuable consulting services in the areas real estate development, intercollegiate athletics, banking and various stages of business development. He also has a 20-year background in the newspaper industry, first as a reporter/sports editor for the Kalispell Daily Interlake in Kalispell, MT., and then as owner/publisher of the family-owned Western Breeze newspaper in Cut Bank, MT. He graduated from the University of Montana in 1980 with a Bachelor of Arts degree in Journalism.
Nationally, Jim sat on the prestigious NCAA Division I Football Issues Committee from 2008-12, as well as the NCAA Division I Football Championship Subdivision Playoff Selection Committee those same years. He was chairman of the committee from 2010-12.
O’Day also serves on the State Board of Directors for Special Olympics Montana (as well as its Executive Committee), the Board of Directors for the Providence/St. Patrick Hospital Foundation in Missoula, and is a member of Missoula Sentinel Kiwanis. He is a member of the Missoula Sports Commission.
Engagement of Strategic Management Partners LLC
Dakota Territory has engaged SMP to assist in the formulation and execution of its corporate business and capital markets development strategies for an initial term of 12 months. The Company has agreed to compensate Strategic Management Partners LLC 1,000,000 common shares of the Company’s stock, subject to a 12 month hold period from the Effective Date of the Agreement. Pursuant to the engagement, SMP and Dakota may extend the Agreement in one year increments for an additional two years under the same terms.
About Dakota Territory Resource Corp
Dakota Territory Resource Corp. is a Nevada Corporation with offices located at Reno, Nevada. Dakota Territory is committed to creating shareholder value through the acquisition and responsible exploration and development of high caliber gold properties in the Black Hills of South Dakota.
In terms of total historic US gold production, the Black Hills ranks second only to the Carlin District of northeast Nevada, with the gold production of the Black Hills concentrated in a 100 square mile area known as the Homestake District. Dakota Territory maintains 100% ownership of three mineral properties including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,341 acres. The Blind Gold Property is located approximately 4 miles northwest and on structural trend with the historic Homestake Gold Mine. Through its 125 year production history, the Homestake Gold Mine produced approximately 40 million ounces of gold and is the largest iron-formation-hosted gold deposit in the world.
In the 1980's and 1990's Homestake Mining Company undertook a $70 million exploration program managed by Richard Bachman, chief geologic officer of Dakota Territory, that was focused primarily on the search for a repeat of the Homestake Mine. This program successfully discovered significant new gold mineralization beyond the confines of the producing mine, demonstrating repeatability and the potential for additional gold deposits in the Homestake iron-formation host. This program also proved the continuous extension of the Homestake iron-formation to a distance of approximately 4 miles from the producing mine and under the Blind Gold Property.
Dakota Territory Resource Corp is uniquely positioned to leverage Management's extensive exploration and mining experience in the Black Hills of South Dakota with Homestake Mining Company. For more information on Dakota Territory, please visit the Company's website at http://DakotaTRC.com/.
Investor Relations Contact: For more information, please contact Dakota Territory Resource Corp (775) 747-0667