RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 12—RELATED PARTY TRANSACTIONS

 Accounts Payable-related parties

Daniel W. Hollis, CEO of Dutch Gold Resources, Inc. has a balance owing to him of $316,629 and $257,056 as of June 30, 2012 and December 31, 2011, respectively, related to cash advanced to the Company for general corporate uses and for unpaid management fees for services performed and reimbursable expenditures incurred. On June 26, 2012, Mr. Hollis agreed to convert $40,000 of the balance owed to him into common shares of the Company, at prevailing market rates for other such conversions at the time. As shares were unavailable for issue, no expense was recognized for the quarter. 

RaunoPerttu, COO of Dutch Gold Resources, Inc. has a balance owing to him of $332,704 and $290,704 as of June 30, 2012 and December 31, 2011, respectively. Amounts owed toRaunoPerttuprimarily relate to unpaid management fees owed for services performed and amounts owed resulting from liabilities assumed byRaunoPertturesulting from a previous acquisition by the Company in which the Company agreed to reimburseRaunoPerttufor these obligations. On June 26, 2012, Mr.Perttuagreed to convert $40,000 of the balance owed to him into common shares of the Company, at prevailing market rates for other such conversions at the time. As shares were unavailable for issue, no expense was recognized for the quarter.

ThomasLeahey, CFO of Dutch Gold Resources, Inc. has a balance owing to him of $96,512 and $51,323 as of June 30, 2012 and December 31, 2011, respectively, related to unpaid management fees and other expenses.