Dynasty Gold confirms high-grade mineralisation at 62.5 g/t gold
From its Thundercloud property in the Manitou-Stormy Lakes greenstone belt in the Canadian province of Ontario, Dynasty Gold (TSX.V: DYG, FSE: D5G1, WKN: A2DW87) is able to report excellent drill results, once again. They confirm the existence of a high-grade mineralised zone, which lies about 100 metres below surface and has an average gold grade of 5.0 g/t over a width of 43.5 metres! Individual intercepts are significantly more mineralised, peaking at 62.5 g/t gold over a length of 1.5 metres at a depth of 112 metres.
Drill hole DP23-04, which has this 5.0 g/t gold over a length of 43.5 metres at a depth of 108 metres, contains several intercepts that have significantly higher gold grades. Over a total length of 70.5 metres, this hole averages an attractive 3.2 g/t of gold. Two intercepts with particularly high gold grades stand out.
The first intercept is 16.5 metres long and averages 8.2 g/t gold and the second has 11.0 g/t gold over a length of twelve metres. Included in these is the extremely high mineralisation of 62.5 g/t gold over a distance of 1.5 metres. With these excellent values, the hole confirms that the high-grade mineralisation at Pelham reaches beyond last year’s discovery hole DP22-03, which returned 73.5 metres at 8.42 g/t.
Ivy Chong, Dynasty Gold’s president and chief executive officer was understandably pleased that another such high-grade hole has been drilled. She described the drill results reported are impressive, with holes intersecting underground grade with open-pit length, most holes were drilled within 200 metres of surface.
Indications of significantly larger mineralisation are growing
The high-grade intercepts in drill hole DP23-04 are only 15 metres below and 15 metres northeast of the high-grade intercept in discovery drill hole DP22-03, suggesting that the high-grade intercepts trend northeast and are open in that direction. Continuity is also evidenced by drill hole DP23-01, which returned three metres each of 19.34 g/t and 18.28 g/t within a wide zone of 52.8 metres at 2.67 g/t. It was drilled 20 metres below and approximately 100 metres northeast of hole DP23-04.
With the current Phase 2 drill programme will commence soon, Dynasty Gold aims to test the extent of high-grade mineralisation laterally and vertically to the existing mineralisation and to look for possible stacked zones at depth. The company believes that the potential of Thundercloud is enormous and they have just scratched the surface. Further exciting reports from the project can therefore be expected.
A team of outstanding geologists
The Company’s board of directors consists of an equally impressive list of high achievers. Mining veterans, Roman Shklanka who has been admitted to the Mining Hall of Fame in 2009, and Larry Kornze, the former Exploration Manager for Barrick Gold. Each of them had one of the biggest gold discoveries in the world under their belt. Recently, they have engaged James Rogers, former Exploration Manager for Goldcorp Inc. Mr. Rogers worked for Mr. Rob McEwen in Goldcorp Inc. Dynasty CEO Ivy Chong said “Our success is our people. With a superior project acquired from Teck Resources Limited, and a team of outstanding geologists, it improves the odds of exploration success.”
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