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Dynasty Gold Signs Earn-in Agreement on Thundercloud Gold Project in Ontario
Dynasty Gold Signs Earn-in Agreement on Thundercloud Gold Project in Ontario Canad...
About this update from Dynasty Gold Corp.
[{"type":"text","content":"\n\n\n\nDynasty Gold Signs Earn-in Agreement on Thundercloud Gold Project in Ontario\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 1, 2018\n\n\n\nVANCOUVER, Feb. 1, 2018 /CNW/ - Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) (\"Dynasty\" or the \"Company\") is pleased to announce that it has signed an option agreement with Teck Resources Limited (TSX: TECK, \"Teck\") to acquire a 100% interest in the Thundercloud gold property (\"the Property\") located in the Archean Manitou-Stormy Lakes Greenstone belt in Ontario. The belt contains numerous gold showings, several deposits and historic past producers including the Big Master Mine (1902-1943) and the Laurentian Mine (1906-1909). Results to date indicate excellent potential to define bulk-tonnage orogenic gold mineralization with potential for high grade mineralization.\n\nThe Property \n\nThe Property consists of 2,250 hectares, located 47 kilometres southeast of Dryden, northern Ontario. It is readily accessible from the Trans-Canada Highway (Hwy 17). Dryden is a resource-based town with excellent infrastructure necessary for mining operations.  Several large scale mining operations in the area include New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver), and Goldcorp's Red Lake Gold Mine (9.25 million oz gold) as well as multiple multi-million ounce gold reserves, defined at the Canadian Malartic Hammond Reef deposit (5.8 million oz gold), and First Mining Gold's Springpole deposit (4.9 million oz gold).\n\nHighlights of drill results from historic work and the recent drilling by Teck (2007 and 2008) and Laurentian Goldfields (2011) include:\n\n\n113.0 m @ 1.72 g/t Au (88-10)\n60.30 m @ 1.46 g/t Au (88-05)\n55.25 m @ 2.19 g/t Au (TC08-11), including 1 m @ 37.5 g/t Au, 9.34 m @ 7.91 g/t Au and 21.73 m @ 4.63 g/t Au\n29.66 m @ 0.77 g/t Au including 9.04 m @ 2.20 g/t Au (TC08-09)\n68.8 m @ 1.55 g/t Au (TC11-001)\n81.0 m @ 1.31 g/t Au (TC11-006)\n\nThe highest grade from historical drilling returned up to 192.7 g/t gold over narrow intervals. \n\nFl...