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Dynasty Gold Announces Completion of High Resolution Airborne Magnetic Survey at Thundercloud and Sourcing of Drill Contractor
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - Dynasty Gold Corp. (TSXV: DYG)...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"Dynasty Gold Announces Completion of High Resolution Airborne Magnetic Survey at Thundercloud and Sourcing of Drill ContractorVancouver, British Columbia--(Newsfile Corp. - July 28, 2022) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (\"Dynasty\" or the \"Company\") is pleased to announce that the high resolution airborne magnetic survey has now been competed at the Thundercloud Project in northwest Ontario by Pioneer Exploration Consultants Ltd. The program, which was drone supported, used 50-meter spaced flight lines oriented approximately east-west over the entire survey block. As well, a detailed area using north flight lines covered the Pelham Zone area where an NI 43-101 resource of 182,000 ounces of gold was established in a 3D resource model by Fladgate Exploration Consulting. Please see Dynasty News Release dated January 4, 2022. It involved a total of approximately 250-line kilometers of flying.Results Historical geophysical surveys at Thundercloud were conducted along relatively widely spaced survey lines and in the case of the Pelham area were partly sub-parallel to known mineralized structures. The new survey with closely spaced flight lines nearly perpendicular to the known structures has provided much better resolution of the relationship of the magnetic signatures to known mineralization. It will be very useful in defining the geometry of the magnetic units associated with the gold mineralization particularly at Pelham. It will also give greater confidence to drill other new targets in the Pelham Zone. The Pelham Zone trends roughly east-west and is in part related to zones of magnetic gabbro. Examination of the preliminary total field magnetic data indicates an extension of the Pelham magnetic area to the east and the possible existence of previously unrecognized gabbro bodies. Gold mineralization at Pelham is interpreted to plunge eastwards and these new data seem to confirm this interpretation. New drilling will be designed to enlarge and enhance the Pelham resource and will include testing the down plunge extension of the mineralization to the east. The new magnetic data will also be used to interpret historic Induced Polarization ('IP\") anomalies in the West Contact exploration area south of Pelham to better define structures and locate new drill targets. Previous trench samples in the West...