Dynasty Gold Announces Purchase of Golden Repeat Property in Nevada

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[{"type":"text","content":"Dynasty Gold Announces Purchase of Golden Repeat Property in Nevada(via Thenewswire.ca)\n\n \nVancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (\"Dynasty\" or the \"Company\") is pleased to announce that the Company has acquired a 100% interest in the Golden Repeat claims, located in the Midas District of northern Nevada, subject to 2% Net Smelter Return (\"NSR\") for $12,000 in cash and 500,000 common shares. The Company has the option to buy-back 75% of the NSR for $1 million dollars within three years of commencing production.\n\n\n \nThe Company first entered into an earn-in agreement with Great Thunder Gold Corp. (formerly Mill Bay Ventures Inc.) in January 2011. \n\n\n \nIn the summer of 2011, the Company launched a program of field exploration followed by a 3-hole, 816-meter reverse circulation drill program. The objectives of the drilling were:\n\n\n \n\n1.To follow up an outcropping fault-hosted quartz vein discovered in the 2011 mapping and sampling program, and \n\n\n\n2.To test targets proposed by Yamana Gold based on their drilling in neighboring claims in 2009. \n\n\n\nResults of the 2011 fieldwork and drilling were encouraging. Hole DG-3 intersected 1.7 meters of 3.4 g/t gold and 44.6 g/t silver in a thicker zone of altered and mineralized basalt that averaged 1.14 g/t gold, 9.0 g/t silver over 12.2 meters at a depth of 130 meters. The other two holes also encountered sections of alteration and pyrite mineralization ranging to 0.265 g/t gold over 10.7 meters (please refer to news release of November 22, 2011).\n\n\n \nA sample of float just off the Property boundary returned 10 g/t in gold and another sample from an outcrop on the Property assayed 1 g/t gold. Other samples contained anomalous gold ranging from 20 to 100 ppb (please refer to news release of September 15, 2011).\n\n\n \nThe Company intends to follow up those intersections and other drill targets that were previously recommended by Yamana Gold's geologist. New drill targets are expected to be generated through additional geochemistry and geophysics work over the remaining ninety percent (90%) of the Property that has not been explored. \n\n\n \nThe Company is also required to issue an additional 500,000 common shares if proven gold or gold equivalent reserves exceed 500,000 ounces at commercial viable production grade.\n\n\n \n \"We are ...

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