Aug. 11, 2009 (Baystreet.ca) --
MONTREAL -- During the second quarter of 2009, Dynacor Gold Mines (TSX:DNG) carried out a prospecting and sampling campaign of outcroppings as well as a mapping of the skarn zone located in the northern part of the Tumipampa property. All told, seventy-seven (77) channel samples were analyzed from three distinct areas. Most of the samples were taken along the contact zone between the limestone-bearing Ferrobamba formation and the Andahuaylas Yauri intrusive. The presence of an assemblage of alteration minerals consisting of garnets, calcite, quartz, and epidote associated with pyrite, chalcopyrite and hematite mineralization suggests a mineralization model of oxidized skarn-type which is generally rich in iron.
Seventy-seven (77) samples were collected and analyzed for gold (Au) and copper (Cu). Several of them returned significant Au and Cu grades; twelve (12) samples returned gold grades ranging between 1.13 g/t Au and 9.88 g/t Au, and seventeen (17) samples returned anomalous grades ranging between 0.1g/t Au and 1.0 g/t Au. Twenty (20) samples returned significant Cu grades ranging between 0.28% Cu to 13.30% Cu.
All the samples were assayed at ALS CHEMEX Laboratories in Lima, Peru. The samples were analyzed for gold by Fire Assay (FA-AA-Finish) and finished by Atomic Absorption Spectroscopy, as well as for copper by inductively coupled plasma (ICP-AES) and Atomic Emission Spectroscopy (AES) for over limits. Strict QA/QC protocols were followed for all samples.
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TABLE OF THE MOST SIGNIFICANT RESULTS
Sample no. Gold (g/t AU) Copper (%) Thickness
---------- -------------- ----------- -----------
1246 0.393 0.970 1.30
1247 0.274 1.777 1.50
1248 0.505 3.450 1.20
1245 0.489 3.620 1.60
1243 0.338 2.530 1.60
1244 0.085 0.801 1.80
1239 0.102 0.001 1.30
1240 0.260 1.110 1.60
1241 0.061 2.820 1.00
1229 0.201 0.000 1.00
1230 0.248 0.001 1.00
1223 1.126 0.002 1.20
1225 0.222 0.005 1.20
1226 7.040 0.013 1.20
1227 0.132 0.003 1.00
1209 0.100 0.001 1.20
1255 1.165 0.282 0.30
1256 0.129 0.030 n.a.
1088 0.700 n.a. 0.50
1090 4.210 1.550 1.20
1091 1.570 n.a. 0.60
1097 1.850 n.a. 0.50
1251 9.880 13.300 0.60
1252 1.610 0.288 0.50
1253 2.670 1.010 0.30
1254 1.450 0.344 0.80
1482 0.108 1.340 0.90
1483 0.069 0.283 1.00
1484 1.205 4.060 1.10
1481 0.722 0.060 1.20
1480 0.026 3.400 0.90
1478 1.335 3.570 0.50
1479 0.142 0.408 0.50
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Further exploration activities will include geological and detailed geophysical studies followed by channel sampling of mineralized zones uncovered by overburden stripping and trenching. To date, skarn-type structures have been identified within an area of interest that is one thousand (1,000) meters long and four hundred (400) meters wide, including Cu-mineralized zones that have lengths of up to two hundred (200) meters.
TUMIPAMPA PROPERTY
The northern part of the Tumipampa property is underlain by the limestone-bearing Ferrobamba formation which hosts the "Tintaya" deposit which is a Cu-Au skarn deposit. Tintaya is a world class skarn deposit with more than 139 million tonnes of 1.23% Cu and 0.23 g/t Au. Tintaya is located approximately two hundred (200) km to the east of the Tumipampa property.
This Press Release has been read and approved by Alonso Sanchez, P. Eng. and Chief Geologist for Dynacor Gold Mines. He acts as the qualified person ("QP") for the Company, and is a geologist affiliated to the American Institute of Professional Geologists (AIPG).
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company, that has been active in Peru through its subsidiaries since 1996. The Company's assets include the Acari, Casaden and Tumipampa exploration properties. The Acari mill produces gold by custom milling. Dynacor's strength and competitive advantage comes with the experience and knowledge the Company has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD-LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor Gold Mines, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
SOURCE: DYNACOR GOLD MINES INC.
Jean Martineau, President & CEO, Dynacor Gold Mines Inc., (514) 288-3224