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Dynasty Gold Drills 130.5 m of 1.17 g/t, 50 m of 3.06 g/t, Gold at Thundercloud
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Dynasty Gold Corp. (TSXV: DY...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"Dynasty Gold Drills 130.5 m of 1.17 g/t, 50 m of 3.06 g/t, Gold at ThundercloudVancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (\"Dynasty\" or the \"Company\") is pleased to report further drill results for its Phase 1, 2023 drill program on the Thundercloud property. Hole DP23-06 intersected a broad 130.5 meter zone of 1.17 g/t gold from 100.5 meters; Hole DP23-05 intersected 50 meters of 3.06 g/t from 104.5 meters. These holes are drilled proximal to the area of the 2022 drilling and have significantly expanded near surface mineralization and improved on the historical grades. The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt in Ontario, 47 kilometers southeast of Dryden, in northwestern Ontario.Ivy Chong, the President and Chief Executive Officer, stated: \"We have substantially improved the grade from historical drilling. The width and the depth of these intercepts have reaffirmed our belief that mineralization at the Pelham Zone is wide open and could extend for over a kilometer in strike length and also at depth. These significant intercepts with high-grade occurrences throughout require further delineation near surface as well as at depth to establish its extent. Our next drill program will test drill deeper targets and step-out from the Pelham Zone.\"Assay Results:Drill Hole NumberFrom (m)To (m)Interval (m)Au (g/t)DP23-05 Including And including104.5109.5 130.5148.5154.5117.0151.5151.550.0 7.5 21.0 3.0 3.06 4.36 3.83 8.26DP23-06 Including including And100.5100.5129.0153.0231.0157.5132.0156.0130.557.0 3.0 3.0 1.17 2.30 5.19 5.63DP23-08 Including72.099.0130.5103.558.5 4.5 1.40 4.43 The true widths of these drill intercepts are not known. Core recovery for the drill intercepts is approximately 100 percent.Discussion of Drilling ResultsThe Pelham deposit is an Archean, orogenic, hydrothermal deposit that occurs within a regionally defined East-West trending deformation zone, is open at depth and may be subject to repetition parallel to and along other untested structural trends.Mineralization occurs as blebs and stringers with some coarser veins, in metasomatically altered, silicified, locally sheared, fine- to medium-grained, Archean, bi-modal, mafic volcanics. The gold is ...