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Dynacor Gold Mines Inc. begins a drilling campaign at Tumipampa
Dynacor Gold Mines Inc. (dynacor gold) Symbol: DNG Toronto Stock Exchange
About this update from Dynacor Group Inc
[{"type":"text","content":"\n\n\n\nDynacor Gold Mines Inc. (dynacor gold)\n\n\nSymbol: DNG\n\n\nToronto Stock Exchange\n\n\nMONTREAL, Nov. 22 /CNW Telbec/ - Dynacor Gold Mines Inc. (TSX: DNG) is\npleased to announce that it has signed a drilling contract in order to\ncommence a diamond drilling campaign at its Tumipampa property in Peru. Phase\nI of this campaign will begin in the next few days and will consist of\n3,000 meters of drilling, during the next seven months.\n\n\nThe main objective of the drilling campaign is to explore and\ncharacterize 10 target structures that have been uncovered by a surface\ngeological survey in 2006-2007 as well by earlier exploration work and a\ndrilling campaign in 2002-2003.\n\n\nPhase II of the drilling campaign will consist of a further 8,000 meters\nof diamond drilling. The company is confident that the overall 11,000 meters\nof drilling will yield sufficient data to determine an economic potential of\nthe gold mineralization found within the Tumipampa Property.\n\n\nTHE TUMIPAMPA PROJECT\n\n\nThe Tumipampa project is located 500 km from the city of Lima, in the\nCirca district, Province of Abancay, Department of Apurimac. Dynacor Gold owns\na total of 2,650 hectares which are adjacent to concessions being explored by\nthe following companies: Meridian Gold, Bear Creek and Southern Peru.\n\n\nThe area is composed of quartzite and limestone of the Cretaceous, which\ncontain important epithermal Au deposits intruded by the Apurimac Batholite, a\nwell known metallotect that is related to many porphyric Cu and Au deposits in\nPeru.\n\n\nDuring 2002 and 2003, a first exploration campaign was carried out in the\nNE area of the property, covering 300 hectares. Geophysical, surface\ngeological and geochemical studies were carried out and a diamond drilling\ncampaign (16 holes - total of 4,050 meters) was completed. The objective was\nto find a Au-Cu disseminated porphyry-type deposit in the quartzite. Results\ndid not show gold dissemination, but the holes located near the outcrops of\nthe veins showed significant gold grades. For instance, veins 1, Z, and A were\nintersected by drilling and the following gold assays were obtained: diamond\ndrills HDD1 (7.33 g/t Au across 6 meters), HDD3 (8.20 g/t Au across 4 meters),\nand HDD6 (12.25 g/t Au across 2 meters).\n\n\nIn 2006, a reinterpretation and general review of the proje...