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Dynasty Gold Completes Phase 1 Drill Program at Thundercloud
Vancouver, British Columbia--(Newsfile Corp. - November 9, 2022) - Dynasty Gold Corp. (TSXV: D...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"Dynasty Gold Completes Phase 1 Drill Program at ThundercloudVancouver, British Columbia--(Newsfile Corp. - November 9, 2022) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC PINK: DGDCF) (\"Dynasty\" or the \"Company\") is pleased to announce the completion of the Phase 1 2022 drill program on its 100% owned Thundercloud gold property located 47 kilometres southeast of Dryden, in northwestern Ontario.Dynasty completed drilling 4 NQ wireline diamond core holes in the Pelham resource area at Thundercloud in October. A total of 1000 metres were drilled, with core recoveries of nearly 100%. The core was logged for geology, and rock quality (\"RQD\"), with samples taken of all potentially significant mineralized zones in all 4 holes. Sample standards and blanks were inserted at appropriate intervals to assess the quality of the lab results, per NI43-101 standards, and as supervised by Richard R. Redfern CPG, a Dynasty director.The Thundercloud drill program was designed with two factors in mind. In part, the holes were drilled next to certain historical holes in the Pelham resource target area drilled by Noranda, Teck Resources Limited, and Laurentian Goldfields, and in part to attempt to expand the Pelham resource as known to the east.Hole DP22-1 was drilled adjacent to Noranda's historical hole PH88-10 that had a wide zone of good grade gold mineralization. Holes DP22-2,3, and 4 were drilled in the eastern portion of the known Pelham area, and partly in untested areas that showed magnetic \"highs\" in the drone magnetic survey conducted here for the Company in summer of 2022.All 4 drillholes showed zones of pyritic mineralization, mainly associated with chlorite-altered fracture-feeder zones and as zones of disseminated pyrite and local quartz-pyrite veining. The gold mineralization in this part of the Pelham area appears to be associated in general with a \"pyrite cloud\" of disseminated and fracture-controlled pyrite, which if of sufficiently high gold grade could be tested for an open pitable deposit. Perhaps larger gold-bearing quartz veins of Red Lake type could occur at depth. The famous Red lake gold district lies 150 km NW of Dryden.The mineralized core was diamond sawed in the presence of the Company's engineering personnel and personally delivered to the ALS Global laboratory in Winnipeg, Manitoba for processing. Oreas s...