Business
Dynasty Gold Clarifies Understated Thundercloud Assay Results
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2023) - Dynasty Gold Corp. (TSXV: DYG...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"Dynasty Gold Clarifies Understated Thundercloud Assay ResultsVancouver, British Columbia--(Newsfile Corp. - February 13, 2023) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (\"Dynasty\" or the \"Company\") reports that the Company had understated three reported assay intervals in drillholes DP22-02 and DP22-03 from the 2022 fall drill program at Thundercloud, Ontario (See press releases of January 10 and January 16, 2023). The corrected assay results are reported below and a new interval has been added for DP22-03 from 118.5 to 139.5 metres. The core sampling intervals of 189.0 to 198.0 metres in drillhole DP22-02 were reported earlier as 9.0 metres of 15.06 g/t, including 3 metres (190.5 to 193.5 metres) of 43.47 g/t gold, whereas the correct values are 9 metres of 22.58 g/t and 3 metres of 65.2 g/t Au (see Table 1 below). The interval of 118.5 to 121.5 metres in drillhole DP22-03 was reported as 101.1 g/t Au whereas the correct value is 151.65 g/t Au. The reader is referred to Dynasty's press releases of January 10 and January 16, 2023, for the remainder of the reported assay results.The drillsite locations and UTM coordinates for the hole locations are listed in Table 2, and a map of the drillholes is given in Figure 1. The Company reports the following re-stated assays from its Phase 1 2022 maiden drilling program at the Thundercloud gold property, in the Manitou-Stormy Lakes Greenstone Belt, located 47 kilometres southeast of Dryden, in northwestern Ontario. Four new angled NQ wireline core holes were drilled in the Pelham gold target area, for a total of 987 metres of drilling. These are some of the best assay results ever reported from Thundercloud.Table 1. Restated Assay Results:Hole IDFrom (m)To (m)Interval (m)Au (g/t)DP22-02Including 189.0190.5 198.0193.5 9.0 3.0 22.58 65.20DP22-03Including 118.5 118.5 139.5 121.5 21.0 3.0 25.72 151.65 Table 2. Drill Collar and Hole Information:NAD83 Zone 15 Hole IDEastingNorthingElevation (m)AzimuthDipDepth (m)DP22-01534159547129245720-46297DP22-025342635471425448180-60300DP22-035342645471423448160-60201DP22-045343155471449448192-67189Total Metres987 The true widths of these drilling intercepts are not known. The percentage of the core recoveries for the drilling intercepts listed above was approximately 99 percent.These 4 new holes are in the southeastern a...