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**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-QSB**

|   | **x** | **Quarterly                Report Pursuant to Section 13 or 15 (d) of the Securities Exchange                Act of                1934for the period ended March 31,                2005** |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | **o** | **Transition                report under Section 13 or 15(d) of the Exchange Act for the transition                period                from          to** |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Commission      file number:   000-30805**

**DUTCH      GOLD RESOURCES, INC.**

| **Nevada**                              | **84-1125214**                                      |
|-----------------------------------------|-----------------------------------------------------|
| (State                of Incorporation) | (I.R.S.                Employer Identification No.) |

**3500      Lenox Road, NE**

**(404)      419-2440**

| Class                                                   |   | Outstanding                at March 31, 2005 |
|---------------------------------------------------------|--------|----------------------------------------------|
|                                                    |   |                                         |
| Common                Stock, par value $0.001 per share |   | 13,109,000                                   |

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TABLE      OF CONTENTS

| PART                I     | FINANCIAL                INFORMATION                                    |
|-----------------------------------------------|-------------------------------------------------------------------------|
| ITEM                1.                        | FINANCIAL                STATEMENTS                                     |
|                                          | CONSOLIDATED                BALANCE SHEET                               |
|                                          | CONSOLIDATED                STATEMENTS OF OPERATION                     |
|                                          | CONSOLIDATED                STATEMENTS OF CASH FLOWS                    |
|                                          | NOTES                TO CONSOLIDATED FINANCIAL STATEMENTS               |
| ITEM                2.                        | MANAGEMENT’S                DISCUSSION AND ANALYSIS OF RESULTS OF |
|                                          | OPERATIONS                AND FINANCIAL CONDITION                       |
|                                          | FORWARD                LOOKING STATEMENTS                               |
|                                          | OVERVIEW                AND RESULTS OF OPERATIONS                       |
|                                          | TWELVE                MONTH BUSINESS OUTLOOK                            |
|                                          | OPERATING                EXPENSES AND CAPITAL EXPENDITURES              |
|                                          | SOURCE                OF REVENUE                                        |
|                                          | DISPOSITION                OF ASSETS                                    |
|                                          | OPERATING                LOSSES                                         |
|                                          | LIQUIDITY                AND CAPITAL RESOURCES                          |
| ITEM                3.                        | CONTROLS                AND PROCEDURES                                  |
| PART                II                        | OTHER                INFORMATION                                        |
| ITEM                1.                        | LEGAL                PROCEEDINGS                                        |
| ITEM                2.                        | CHANGES                IN SECURITIES AND USE OF PROCEEDS                |
| ITEM                3.                        | DEFAULTS                UPON SENIOR SECURITIES                          |
| ITEM                4.                        | SUBMISSION                OF MATTERS TO A VOTE OF SECURITY HOLDERS      |
| ITEM                5.                        | OTHER                INFORMATION                                        |
| ITEM                6.                        | EXHIBITS                AND REPORTS ON FORM 8-K                         |

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| **DUTCH                GOLD RESOURCES, INC.**        |
|------------------------------------------------------|
| **(Formerly                Small Town Radio, Inc.)** |
| **CONSOLIDATED                BALANCE SHEET**        |
| **AS                OF MARCH 31, 2005**              |

|                                                                                                                                 |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                 |   |
|                                                                                                                                 |   | March                31, 2005 |   |
| **Assets**                                                                                                                           |   |
| Current                Assets                                                                                                        |   |   |   |
| Cash                overdraft                                                                                                        |   | $ | (1,309 | ) |
|                                                                                                                                 |   |   |   |   |
| Total                current assets                                                                                                  |   |   | (1,309 | ) |
|                                                                                                                                 |   |
| Note                receivable                                                                                                       |   |   | 100,000 |   |
|                                                                                                                                 |   |   |   |   |
| TOTAL                ASSETS                                                                                                          |   | $ | 98,691 |   |
|                                                                                                                                 |   |   |   |   |
| **Liabilities                and Stockholders' Deficit**                                                                             |   |
| Current                Liabilities                                                                                                   |   |   |   |   |
| Notes                payable-stockholders                                                                                            |   | $ | 537,500 |   |
| Accounts                payable                                                                                                      |   |   | 616,872 |   |
| Accounts                payable-related party                                                                                        |   |   | 618,750 |   |
| Accrued                interest                                                                                                      |   |   | 127,565 |   |
| Accrued                settlement costs                                                                                              |   |   | 260,000 |   |
| Loans                from shareholders                                                                                               |   |   | - |   |
|                                                                                                                                 |   |
| Total                current liabilities                                                                                             |   |   | 2,160,687 |   |
|                                                                                                                                 |   |
| Stockholders’                Deficit                                                                                           |   |
| Preferred                stock, $.001 par value 100,000,000 authorized, no share issued and                outstanding               |   |   | - |   |
|                                                                                                                                 |   |   |   |   |
| Common                stock, $.001 par value 100,000,000 authorized, 11,059,000 issued                and                outstanding |   |   | 13,109 |   |
| Additional                paid-in-capital                                                                                            |   |   | 1,819,814 |   |
| Accumulated                deficit                                                                                                   |   |   | (3,894,919 | ) |
|                                                                                                                                 |   |
| Total                stockholders’ deficit                                                                                     |   |   | (2,061,996 | ) |
|                                                                                                                                 |   |
| TOTAL                LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                           |   | $ | 98,691 |   |

*See      notes to consolidated financial statements*

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| **DUTCH                GOLD RESOURCES, INC.**                         |
|-----------------------------------------------------------------------|
| **(Formerly                Small Town Radio, Inc.)**                  |
| **CONSOLIDATED                STATEMENT OF OPERATIONS**               |
| **FOR                THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004** |
|                                                                  |

|                                                      |   | Three                Months Ended March 31, 2005 |       |   | Three                Months Ended March 31, 2005 |   |
|-----------------------------------------------------------|--------|--------------------------------------------------|------------|--------|--------------------------------------------------|--------|
|                                                      |   |
| Net                Sales                                  |   | $                                                | -          |   |                                             | $      | - |   |
|                                                      |   |
| Operational                Expenses                       |   |                                             | 59,821     |   |                                             |   | 58,845 |   |
|                                                      |   |
| Operating                loss                             |   |                                             | (59,821    | )      |                                             |   | (58,845 | ) |
|                                                      |   |
| Other                income (expense)                     |   |                                             |       |   |                                             |   |   |   |
|                                                      |   |
| Interest                                                  |   |                                             | (4,387     | )      |                                             |   | (4,922 | ) |
|                                                      |   |
| Income                before income taxes                 |   |                                             | (64,208    | )      |                                             |   | (63,767 | ) |
|                                                      |   |
| Income                tax provision                       |   |                                             | -          |   |                                             |   | - |   |
|                                                      |   |
| Net                income (loss)                          |   |                                             | (64,208    | )      |                                             |   | (63,767 | ) |
|                                                      |   |
| Basic                and fully diluted earnings per share |   | $                                                | (0.00      | )      |                                             | $      | (0.00 | ) |
|                                                      |   |
| Weighted                average shares outstanding        |   |                                             | 13,109,000 |   |                                             |   | 13,109,000 |   |

*See      notes to consolidated financial statements*

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| **DUTCH                GOLD RESOURCES, INC.**                        |
|----------------------------------------------------------------------|
| **(Formerly                Small Town Radio, Inc.)**                 |
| **CONSOLIDATED                STATEMENT OF OPERATIONS**              |
| **FOR                THE NINE MONTHS ENDED MARCH 31, 2005 AND 2004** |
|                                                                 |

|                                                      |   | Nine                Months Ended March 31, 2005 |       |   | Nine                Months Ended March 31, 2004 |   |
|-----------------------------------------------------------|--------|-------------------------------------------------|------------|--------|-------------------------------------------------|--------|
|                                                      |   |
| Net                Sales                                  |   | $                                               | -          |   |                                            | $      | - |   |
|                                                      |   |
| Operational                Expenses                       |   |                                            | 186,853    |   |                                            |   | 185,639 |   |
|                                                      |   |
| Operating                loss                             |   |                                            | (186,853   | )      |                                            |   | (185,639 | ) |
|                                                      |   |
| Other                income (expense)                     |   |                                            |       |   |                                            |   |   |   |
|                                                      |   |
| Interest                                                  |   |                                            | (14,231    | )      |                                            |   | (17,022 | ) |
|                                                      |   |                                            |       |   |                                            |   |   |   |
| Income                before income taxes                 |   |                                            | (201,084   | )      |                                            |   | (202,661 | ) |
|                                                      |   |
| Income                tax provision                       |   |                                            | -          |   |                                            |   | - |   |
|                                                      |   |
| Net                income (loss)                          |   |                                            | (201,084   | )      |                                            |   | (202,661 | ) |
|                                                      |   |
| Basic                and fully diluted earnings per share |   | $                                               | (0.02      | )      |                                            | $      | (0.02 | ) |
|                                                      |   |
| Weighted                average shares outstanding        |   |                                            | 13,109,000 |   |                                            |   | 13,109,000 |   |

*See      notes to consolidated financial statements*

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| **DUTCH                GOLD RESOURCES, INC.**                        |
|----------------------------------------------------------------------|
| **(Formerly                Small Town Radio, Inc.)**                 |
| **CONSOLIDATED                STATEMENT OF CASH FLOWS**              |
| **FOR                THE NINE MONTHS ENDED MARCH 31, 2005 AND 2004** |
|                                                                 |

|                                                                                  |   | Nine                Months Ended March 31, 2005 |     |   | Nine                Months Ended March 31, 2004 |   |
|---------------------------------------------------------------------------------------|--------|-------------------------------------------------|----------|--------|-------------------------------------------------|--------|
|                                                                                  |   |                                            |     |   |                                            |   |
| Operating                Activities                                                   |   |                                            |     |   |                                            |   |
|                                                                                  |   |                                            |     |   |                                            |   |
| Net                income (loss)                                                      |   | $                                               | (201,084 | )      |                                            | $      | (138,894 | ) |
| Adjustments                to reconcile net loss to cash used by operating activities |   |                                            |     |   |                                            |   |   |   |
| Note                receivable from shareholder                                       |   |                                            | -        |   |                                            |   | (100,000 | ) |
| Changes                in assets and liabilities                                      |   |                                            |     |   |                                            |   |   |   |
| Accounts                receivable                                                    |   |                                            | -        |   |                                            |   | - |   |
| Accounts                payable                                                       |   |                                            | 655      |   |                                            |   | 803 |   |
| Accounts                payable-related party                                         |   |                                            | 175,550  |   |                                            |   | 112,500 |   |
| Accrued                interest                                                       |   |                                            | 14,231   |   |                                            |   | 12,100 |   |
| Accrued                expenses                                                       |   |                                            | -        |   |                                            |   | (5,010 | ) |
|                                                                                  |   |                                            |     |   |                                            |   |   |   |
| Net                cash used by operating activities                                  |   |                                            | (10,648  | )      |                                            |   | (118,501 | ) |
|                                                                                  |   |                                            |     |   |                                            |   |   |   |
| Investing                activities                                                   |   |                                            |     |   |                                            |   |   |   |
|                                                                                  |   |                                            |     |   |                                            |   |   |   |
| Note                receivable lending                                                |   |                                            | -        |   |                                            |   | - |   |
|                                                                                  |   |
| Net                cash used by investing activities                                  |   |                                            | -        |   |                                            |   | - |   |
|                                                                                  |   |                                            |     |   |                                            |   |   |   |
| Financing                activities                                                   |   |
|                                                                                  |   |
| Notes                payable borrowings                                               |   |                                            | 5,000    |   |                                            |   | - |   |
| Loans                from shareholders                                                |   |                                            | -        |   |                                            |   | 143,000 |   |
| Retirement                of stockholder note for services                            |   |                                            | -        |   |                                            |   | - |   |
|                                                                                  |   |
| Net                cash provided by financing activities                              |   |                                            | 5,000    |   |                                            |   | 143,000 |   |
|                                                                                  |   |
| Net                (decrease)increase in cash                                         |   |                                            | (5,648   | )      |                                            |   | 24,499 |   |
|                                                                                  |   |
| Cash,                beginning of period                                              |   |                                            | 4,339    |   |                                            |   | 531 |   |
|                                                                                  |   |
| Cash,                end of period                                                    |   | $                                               | (1,309   | )      |                                            | $      | 25,030 |   |

*See      notes to consolidated financial statements*

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**DUTCH      GOLD RESOURCES, INC. (formerly SMALL TOWN RADIO, INC.)**

**NOTES      TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 1—NATURE      OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING      POLICIES**

**NATURE      OF OPERATIONS**

**PRINCIPLES      OF CONSOLIDATION**

**ORGANIZATIONAL      AND START-UP EXPENSES**

**EARNINGS      PER SHARE**

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**USE      OF ESTIMATES**

**REVENUE      RECOGNITION**

**INCOME      TAX**

**FINANCIAL      INSTRUMENTS**

**FISCAL      YEAR**

**STOCK      BASED COMPENSATION**

**NOTE 2—FINANCIAL      CONDITION AND GOING CONCERN**

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**Item      2  Management’s Discussion and Analysis of Results of Operations and      Financial Condition**

**Forward      Looking Statements**

**Overview      and Results of Operations**

**Twelve      Month Business Outlook**

**Operating      Expenses and Capital Expenditures**

*Operating      Expenses*

**Source      of Revenue**

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**Operating**
**Losses**

**Liquidity      and Capital Resources**

**ITEM      3.  Controls and Procedures**

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**PART      II — OTHER      INFORMATION**

| **Item 1.  ** | **Legal                Proceedings** |
|------------------------------|--------------------------------------|

| **Item 2.** | **Changes                in Securities and Use of                Proceeds** |
|------------------|-----------------------------------------------------------------------------|

| **Item 3.** | **Defaults                Upon Senior                Securities** |
|------------------|-------------------------------------------------------------------|

| **Item 4.   ** | **Submission                of Matters to a Vote of Security                Holders** |
|------------------------------------|---------------------------------------------------------------------------------------|

| **Item 5. ** | **Other                Information** |
|------------------------|--------------------------------------|

| **Item 6. ** | **Exhibits                and Reports on Form                8-K** |
|------------------------|--------------------------------------------------------------------|

*Exhibits*

31.1

32.1

*Reports          on Form 8-K*

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**SIGNATURES**

| DUTCH                GOLD RESOURCES, INC.  |
|-------------------------------------------------|
|                                  |
| By:                                        | /s/Daniel                W. Hollis |   |
|                                            | Daniel                W. Hollis, Chief Executive Officer  |
|                                            |    |
| By:                                             | /s/Daniel                W. Hollis |   |
|                                            | Daniel                W. Hollis, Chief Financial                Officer  |

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