Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Launc
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Posted On: 10/03/2024 5:19:52 PM
Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Launches Second Phase of 2024 Drill Campaign at Flagship Thundercloud Property
- The second phase of Dynasty’s drill campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, south of Pelham.
- Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.
- Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.
- The company is preparing an additional drilling phase late 2024 or early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone.
Dynasty Gold (TSX.V: DYG) (OTC: DGDCF), a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada, announced the launch of Phase 2 of this year’s exploration program at flagship Thundercloud Property.
Located in one of the most prolific mining areas in North America – in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario, Thundercloud has been shown to have high-grade gold deposits, as confirmed by the first phase of the 2024 program and previous drilling campaigns in 2022 and 2023.
Phase 1 drill results released in September confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone. “These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, September 2021) in tonnage and grade,” said Ivy Chong, president and CEO of Dynasty Gold Corp. “With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource model could expand considerably when the NI 43-101 Resource Estimate Report is updated.”
Drilling at the Pelham Zone, in the central portion of the property, has delineated a zone of mineralization over a strike length of 450m and vertical extent of 150m to 200m. “Drilling on the property in the last two years are shallow holes of less than 250 meters (‘m’). Mineralization is open at depth and along strike and 90% of the property has not been systematically explored, providing excellent potential for resource expansion,” Chong added.
Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.
Selected Results with Assays Above 10 g/t Gold
Hole DP22-02
65.2 g/t over 3m between 190.5m and 193.5m
Hole DP22-03
50.3 g/t over 9.5m between 118.5m and 125m
Hole DP23-01
19.3 g/t over 3m between 162m and 165m
18.3 g/t over 3m between 184.5m and 187.5m
Hole DP23-03
10.4 g/t over 6m between 147m and 153m
Hole DP23-04
11.1 g/t over 12m between 109.5m and 121.5m
Hole DP23-10
11.2 g/t over 3m between 52.5m and 55.5m
18.1 g/t over 3m between 69m and 72m
Hole TC24-02
11 g/t over 2m between 112m and 114m
The second phase of the campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, approximately 500m to 2,000m south of Pelham. Recent reprocessing of magnetic and IP data indicated the existence of similar trending coincident magnetic and chargeability highs in the West Contact Zone as in Pelham.
Dynasty Gold is now conducting a reinterpretation of structural controls for mineralization intersected in the first phase drilling in the Pelham Zone. After this review, the company expects to run an additional phase of drilling later this year or in early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone where the 2022 and 2023 drilling programs confirmed the high-grade core to the mineralization.
For more information about the company, visit www.DynastyGoldCorp.com, and see its Investor Presentation at https://nnw.fm/gGb1k .
NOTE TO INVESTORS: The latest news and updates relating to DGDCF are available in the company’s newsroom at https://nnw.fm/DGDCF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- The second phase of Dynasty’s drill campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, south of Pelham.
- Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.
- Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.
- The company is preparing an additional drilling phase late 2024 or early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone.
Dynasty Gold (TSX.V: DYG) (OTC: DGDCF), a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada, announced the launch of Phase 2 of this year’s exploration program at flagship Thundercloud Property.
Located in one of the most prolific mining areas in North America – in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario, Thundercloud has been shown to have high-grade gold deposits, as confirmed by the first phase of the 2024 program and previous drilling campaigns in 2022 and 2023.
Phase 1 drill results released in September confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone. “These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, September 2021) in tonnage and grade,” said Ivy Chong, president and CEO of Dynasty Gold Corp. “With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource model could expand considerably when the NI 43-101 Resource Estimate Report is updated.”
Drilling at the Pelham Zone, in the central portion of the property, has delineated a zone of mineralization over a strike length of 450m and vertical extent of 150m to 200m. “Drilling on the property in the last two years are shallow holes of less than 250 meters (‘m’). Mineralization is open at depth and along strike and 90% of the property has not been systematically explored, providing excellent potential for resource expansion,” Chong added.
Typical intercepts at the property ranged between 50m and 160m averaging between 1 and 8.4g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.
Selected Results with Assays Above 10 g/t Gold
Hole DP22-02
65.2 g/t over 3m between 190.5m and 193.5m
Hole DP22-03
50.3 g/t over 9.5m between 118.5m and 125m
Hole DP23-01
19.3 g/t over 3m between 162m and 165m
18.3 g/t over 3m between 184.5m and 187.5m
Hole DP23-03
10.4 g/t over 6m between 147m and 153m
Hole DP23-04
11.1 g/t over 12m between 109.5m and 121.5m
Hole DP23-10
11.2 g/t over 3m between 52.5m and 55.5m
18.1 g/t over 3m between 69m and 72m
Hole TC24-02
11 g/t over 2m between 112m and 114m
The second phase of the campaign will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024, and will focus on testing the West Contact Zone, approximately 500m to 2,000m south of Pelham. Recent reprocessing of magnetic and IP data indicated the existence of similar trending coincident magnetic and chargeability highs in the West Contact Zone as in Pelham.
Dynasty Gold is now conducting a reinterpretation of structural controls for mineralization intersected in the first phase drilling in the Pelham Zone. After this review, the company expects to run an additional phase of drilling later this year or in early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone where the 2022 and 2023 drilling programs confirmed the high-grade core to the mineralization.
For more information about the company, visit www.DynastyGoldCorp.com, and see its Investor Presentation at https://nnw.fm/gGb1k .
NOTE TO INVESTORS: The latest news and updates relating to DGDCF are available in the company’s newsroom at https://nnw.fm/DGDCF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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