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”.
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.
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.