Business
Dynasty Gold Reports on Discovery of Additional 15 Historic Drill Hole Data Assayed up to 1.74 g/t over 125 Meters Including 14.85 g/t over 3 Meters and Provides Details of the Airborne Magnetic Survey
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2022) - Dynasty Gold Corp. (TSXV: DYG) (...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"Dynasty Gold Reports on Discovery of Additional 15 Historic Drill Hole Data Assayed up to 1.74 g/t over 125 Meters Including 14.85 g/t over 3 Meters and Provides Details of the Airborne Magnetic SurveyVancouver, British Columbia--(Newsfile Corp. - May 5, 2022) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC PINK: DGDCF) (\"Dynasty\" or the \"Company\") is pleased to report that it has located results for an additional 15 holes drilled between 1986 and 1988 by Noranda Exploration on the Thundercloud property in the Northwestern Ontario. This data was not included in the recent NI 43-101 Pelham resource estimate published in January of this year. See press release dated January 4, 2022.The table below summarizes some highlights from the newly located drill data. Pending accurate location of these holes and integration with the current Pelham zone database, no conclusions can be drawn as to how the new information will impact the current NI 43-101 compliant resource estimate of 182,000 ounces of gold.Hole NumberFrommeterTometerInterceptsmeterAu g/t86-PL-0612.214.332.1314.3388- PH-0116182.007.3788- PH-0545105.460.41.7388- PH-10361611251.74 Including:363718.575053314.855253138.398990110.9711111219.612013127.03 The Company is evaluating these data and continues to try and locate additional information of importance to use in the ongoing exploration work at Thundercloud.Exploration Program UpdatesA drone supported airborne survey is expected to start as soon as the ground is cleared of snow. Following completion of this survey and, the evaluation of the new data obtained, the Company plans to launch its maiden drill program to test areas with new drill targets identified in the West Contact Zone area, and to increase the documented resources in the Pelham Zone.A review of previous geophysical work, including IP and Magnetic Surveys conducted by Teck Resources Limited has been completed. A collection of available geophysical imageries produced up to 2008 were sorted by theme and studied. Most of the historic IP and Magnetic Surveys outlined areas of sulphide mineralization in the Pelham part of the property using grid lines cut in an east-west direction. This line direction was not optimal for highlighting the Pelham zone gabbros and associated mineralization which also trend east-west, but has aided in understanding the West Con...