Potential for multiple deposits?
Dynasty Gold (TSX.V: DYG, FSE: D5G1, WKN: A2DW87) has successfully completed the second phase of this year’s drill program at its Thundercloud project in the Manitou-Stormy Lakes Archaean Greenstone Belt. It comprised five drill holes with a total length of approximately 1,320 metres.
The second phase of the 2023 drill program at the Thundercloud project, located 47 kilometres southeast of Dryden in northwestern Ontario, was aimed at testing near-surface mineralisation outside the Pelham resource, where Dynasty Gold geologists believe the high-grade mineralisation identified at Pelham continues.
A total of five holes were drilled, four of which are classified as step-out holes. They targeted IP anomalies identified 75 metres north and 175 metres south of the Pelham resource. The fifth hole was a definition hole drilled below hole DP22-03. Which had intersected 8.42 g/t gold over a length of 73.5 metres last year. The new hole therefore targeted a footwall zone to the west of the high-grade intersection in hole DP22-02 (115 g/t gold over 1.5 metres). Drilling had previously been carried out here.
Summary of 2023 Drill Results at Thundercloud; Source: Dynasty Gold
Dynasty Gold is entering interesting new area that has not yet been tested with drilling
Ivy Chong, Chief Executive Officer and President of Dynasty Gold, commented on the successful completion of the five holes: “The objective of this drill programme was to move out of the Pelham resource area to obtain new data and evaluate other parts of the property that have not been drilled to date. This data will help us define new drill targets for future drill programmes. We consider these areas to be our new ground and look forward to analysing the new data.”
Independent consultant James Rogers, who is accompanying the work as a qualified person in accordance with the Canadian mining standard NI 43-101, was also convinced of the success of the drilling. He has been working with Dynasty Gold since June 2023 and is very optimistic “that we are dealing with an Archaean hydrothermal system and that the property has the potential to host multiple deposits”.
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