Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) Shows an Unusually Strong Financial Position, and Growing Signs of Rich Gold Resources, as Drilling Expands at Thundercloud High-Grade Gold Project
- Dynasty has no debt and approximately 61 million shares issued and outstanding, with approx. 40% owned by insiders and long-term shareholders.
- The largest shareholder, owning 9.7%, is mining legend Rob McEwen, founder, executive chairman and largest shareholder of McEwen Mining Inc.
- The company recently launched the second phase of this year’s drilling campaign that will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024.
- Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.
Dynasty Gold Corp. (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, represents a unique presence in the gold exploration space. As discussed at the company’s Annual General Meeting (https://nnw.fm/LBssf ), Dynasty holds a temptingly small market cap compared to increasingly impressive indications of huge potential with its high-grade gold resources, making it an especially attractive opportunity for investors.
With no debt and approximately 61 million shares issued and outstanding, Dynasty maintains a solid financial position that allows it to fund ongoing operations and continue exploration of its flagship Thundercloud Property. About 40% of the shares are owned by insiders and long-term shareholders, according to a recent company update detailing the results of the 2024 annual general meeting (https://nnw.fm/Np6vT ).
In addition, the founder, executive chairman, and largest shareholder of McEwen Mining Inc., and a member of the Mining Hall of Fame, Rob McEwen, owns 9.7% of the company, making this storied mining pro its largest shareholder, adding further strength to its shareholder base.
The Thundercloud project is in an emerging gold camp 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.
The company held three drill campaigns at the property between 2022 and 2024 for a total of 7,350 meters. For three consecutive years, drilling intersected broad, shallow high-grade zones of gold including 8.4 g/t over 73.5 meters with 246 g/t over 1.5 meters (DP22-03), and 6.5 g/t over 34 meters (DP22-02) in 2022. In 2023, assay results returned 11.0 g/t over 12 meters (DP23-04) and 7.14 g/t over 14.8 meters (DP23-03).
In the first phase of this year’s campaign, the company confirmed grades of up to 24.53 g/t within a broad zone of mineralization of 5.1 g/t over 18 meters in the Eastern Pelham Zone.
An internally generated 3D geological resource model based on the 2022 and 2023 results indicated that the NI 43-101 Resource Estimate (September 2021) has been increased to 439,000 oz measured and indicated resource, at 2.14 g/t gold for an open pit resource. Additionally, the high-grade assay results of the first phase of the 2024 program are expected to further expand the resource.
Dynasty has recently launched the second phase of this year’s drilling campaign, which covers the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024 (https://nnw.fm/AFhqI). This phase of the program will focus on testing the West Contact Zone, approximately 500m to 1,000m south of Pelham, where there was no previous drilling. The campaign will further test the currently obtained trench assay of 8.04 g/t over 39 meters. Other drill holes will test area of chargeability highs. Results are expected in the next few weeks.
“This project looks very promising of becoming a mine, given these grades and shallow intercepts. Large tonnage is not required for profitability,” said Roman Shklanka, Ph.D. (Geology), Director. “Additional drilling will further define mineralization along strike and at depth to unlock the total property potential.” (Note: Roman Shklanka was inducted into the Mining Hall of Fame in 2009.)
For more information about the company, visit www.DynastyGoldCorp.com, and see their 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
- Dynasty has no debt and approximately 61 million shares issued and outstanding, with approx. 40% owned by insiders and long-term shareholders.
- The largest shareholder, owning 9.7%, is mining legend Rob McEwen, founder, executive chairman and largest shareholder of McEwen Mining Inc.
- The company recently launched the second phase of this year’s drilling campaign that will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024.
- Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.
Dynasty Gold Corp. (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, represents a unique presence in the gold exploration space. As discussed at the company’s Annual General Meeting (https://nnw.fm/LBssf ), Dynasty holds a temptingly small market cap compared to increasingly impressive indications of huge potential with its high-grade gold resources, making it an especially attractive opportunity for investors.
With no debt and approximately 61 million shares issued and outstanding, Dynasty maintains a solid financial position that allows it to fund ongoing operations and continue exploration of its flagship Thundercloud Property. About 40% of the shares are owned by insiders and long-term shareholders, according to a recent company update detailing the results of the 2024 annual general meeting (https://nnw.fm/Np6vT ).
In addition, the founder, executive chairman, and largest shareholder of McEwen Mining Inc., and a member of the Mining Hall of Fame, Rob McEwen, owns 9.7% of the company, making this storied mining pro its largest shareholder, adding further strength to its shareholder base.
The Thundercloud project is in an emerging gold camp 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.
The company held three drill campaigns at the property between 2022 and 2024 for a total of 7,350 meters. For three consecutive years, drilling intersected broad, shallow high-grade zones of gold including 8.4 g/t over 73.5 meters with 246 g/t over 1.5 meters (DP22-03), and 6.5 g/t over 34 meters (DP22-02) in 2022. In 2023, assay results returned 11.0 g/t over 12 meters (DP23-04) and 7.14 g/t over 14.8 meters (DP23-03).
In the first phase of this year’s campaign, the company confirmed grades of up to 24.53 g/t within a broad zone of mineralization of 5.1 g/t over 18 meters in the Eastern Pelham Zone.
An internally generated 3D geological resource model based on the 2022 and 2023 results indicated that the NI 43-101 Resource Estimate (September 2021) has been increased to 439,000 oz measured and indicated resource, at 2.14 g/t gold for an open pit resource. Additionally, the high-grade assay results of the first phase of the 2024 program are expected to further expand the resource.
Dynasty has recently launched the second phase of this year’s drilling campaign, which covers the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024 (https://nnw.fm/AFhqI). This phase of the program will focus on testing the West Contact Zone, approximately 500m to 1,000m south of Pelham, where there was no previous drilling. The campaign will further test the currently obtained trench assay of 8.04 g/t over 39 meters. Other drill holes will test area of chargeability highs. Results are expected in the next few weeks.
“This project looks very promising of becoming a mine, given these grades and shallow intercepts. Large tonnage is not required for profitability,” said Roman Shklanka, Ph.D. (Geology), Director. “Additional drilling will further define mineralization along strike and at depth to unlock the total property potential.” (Note: Roman Shklanka was inducted into the Mining Hall of Fame in 2009.)
For more information about the company, visit www.DynastyGoldCorp.com, and see their 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
