Dynasty Gold: High-grade Gold and Enormous Exploration Potential
With the Golden Repeat Property in the US state of Nevada and especially the Thundercloud Property in the Canadian province of Ontario, Dynasty Gold (TSX.V: DYG, FSE: D5G1, WKN: A2DW87) owns two projects that are not only located in very promising gold regions, but have already been confirmed as attractive targets through successful drilling.
The Golden Repeat Property represents an approximately 400 hectare property within the Midas Gold Camp in Nevada. The 100 per cent owned project has epithermal gold deposits with high gold and silver grades. Previous owners have already drilled on it, intersecting intervals of up to 14.78 g/t gold over a length of 7.6 metres and 20.17 g/t gold over a length of 3.05 metres.
Surrounded by numerous producing mines, the project is ready to drill further as all necessary permits are in place and there is no shortage of rewarding targets here.
Outstanding exploration success at the Thundercloud project
Dynasty Gold’s focus, however, is clearly on the Thundercloud project in northwestern Ontario. The project is located 47 kilometres south of the town of Dryden and is part of the Manitou-Stormy Lake Greenstone Belt. The area has excellent infrastructure that has attracted Majors such as Kinross and Barrick to the area.
This 2,250-hectare project has a geology and structure very reminiscent of the Timiskaming-type in the Abitibi Belt. The expectations Dynasty Gold has for this property is correspondingly high. So far, they have not been disappointed, as drill results with up to 5.98 g/t gold over a length of 34.5 metres or have already attracted attention in the past. Of particular note was drill hole DP22-03 which encountered 8.42 g/t gold over 73.5 metres – only 88.5 metres from surface! Outstanding grade and width by anyone’s account.
The latest drill successes are also impressive, as Dynasty Gold was able to continue the exploration of the property, which is divided into two main zones, with good successes in the recent past. While the Pelham Zone covers the northern part of the project and runs in an east-west direction, the north-south running West Contact Zone covers more the eastern part of the Thundercloud Property.
On the Pelham Zone, recent drilling by Dynasty Gold successfully extended the high-grade mineralisation east of Pelham by up to 100 metres. Initial drill holes drilled in this part of the deposit indicate local continuity of higher gold grades with intercepts up to 37.2 g/t gold.
Significant assay results were returned by both hole DP23-01 with 2.67 g/t gold over 52.8 metres, including three metres each of particularly high mineralisation of 19.34 g/t and 18.28 g/t, and hole DP23-02 with 1.4 g/t gold over 51.0 metres. Also very encouraging were the 57.8 metres with an average grade of 3.28 g/t gold intersected in hole DP23-03. This also had a much more mineralised intercept of 10.36 g/t gold over 6.0 metres.
With this drilling, Dynasty Gold has been able to demonstrate that the high grade intercepts previously identified on the Pelham Zone can be extended by up to 100 metres to the east. Currently, Dynasty Gold geologists believe that this deposit is still open in all directions. Future plans are to test this assumption with follow-up drilling and to extend the deposit.
Significant improvements over historical drilling
Further drilling on the Pelham zone, reported in mid-September, returned results of 1.17 g/t gold over 130.5 metres in hole DP23-06 and 3.06 g/t gold over 50 metres in hole DP23-05, drilled close to those holes drilled in 2022.
Two aspects are particularly noteworthy and encouraging for Dynasty Gold at this point. The first aspect is that its own drilling was much more successful than the previous owners’ work and the new gold grades were significantly higher than the historic grades.
The second aspect concerns the extension of the mineralisation, because on the basis of the data currently available, Dynasty Gold assumes that the mineralisation in the Pelham zone is wide open and could extend over a kilometre in strike length and also at depth.
This also outlines the tasks for the near future, as Dynasty Gold now needs to further delineate both high-grade deposits, both near surface and at depth, to determine their exact extent. Dynasty Gold’s next step will therefore be to drill this part of the deposit, with the primary aim of testing deeper intercepts and further expanding the Pelham Zone. It will be interesting to see, if the company will be able to keep up its 100% success rate with future drilling. So far, six out of six holes hit gold mineralization with decent widths.
The Company’s recent financing has attracted mining veteran and investor Mr. Rob McEwen. Rob McEwen is the founder and former Chairman of Goldcorp where he discovered, built and operated the Red Lake Mine in Ontario which is about 200 kilometers north of the Company’s Ontario project. Mr. McEwen subscribed for more than 30% of the total financing that the Company raised in April of this year. The Company is well funded for its drill program.
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on http://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, however, any liability for financial loss or the content guarantee for timeliness, accuracy, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
In accordance with §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH might hold shares of Dynasty Gold and therefore a conflict of interest might exist. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. This could possibly influence the share price of Dynasty Gold. GOLDINVEST Consulting GmbH is currently seeking a commissioned relationship with the company, which is to be reported on in the context of the internet offering of GOLDINVEST Consulting GmbH as well as in the social media, on partner sites or in email releases, which also represents a conflict of interest. The above notes on existing conflicts of interest apply to all types and forms of publication used by GOLDINVEST Consulting GmbH for publications on Dynasty Gold. We also cannot exclude that other stock letters, media or research firms discuss Dynasty Gold during the same period. Therefore, symmetrical information and opinion generation may occur during this period. No guarantee can be given for the correctness of the prices mentioned in the publication.
