$GLDN Gold Dynamics (GLDN) Extends Option Agreem
Post# of 144482
[b]$GLDN[/b] Gold Dynamics (GLDN) Extends Option Agreement on Hoyle North Property
TORONTO, [b][color=blue]May 6, 2013[/color][/b] /PRNewswire via COMTEX/ -- Gold Dynamics Corp. (OTCBB:GLDN) (OTCQB:GLDN) (http://www.golddynamics.com) is pleased to report that it has extended its Hoyle North Property option agreement signed on February 28, 2012. Under the agreement Gold Dynamics was to make a $15,000 payment on its 1-year anniversary. The Company has paid $7,500 and will pay the final installment of $7,500 on June 1, 2013.
During the past 12 months the Company has conducted extensive soil testing with successful results on its property. These samples were tested at Activation Laboratories using Aqua Regia Mass Spectrometry.
The Company also recently completed a helicopter borne Versatile Time Domain Electromagnetic (VTEM Plus) and Horizontal Magnetic Gradiometer Geophysical Survey with excellent results.
The Hoyle North Property is a 32 claim land package situated approximately 18 km northeast of Timmins, Ontario, Canada; an area that is world renowned as a heavily mineralized area with many active mines in operation, and, where as much as 85 million ounces of gold has been mined historically. Our property is contiguous to Goldcorp's Porcupine gold producing camp (which has produced more than 66 million ounces of gold since production began) and is within 2 kilometers of Goldcorp's multi-million ounce gold deposits.