Dynacor Gold Mines Inc. (dynacor gold)
Symbol: DNG
Toronto Stock Exchange (TSX)
MONTREAL, Feb. 12 /CNW Telbec/ - Dynacor Gold Mines Inc. ("Dynacor") is very pleased to announce the first results from its Tumipampa drilling campaign that began in November 2007. Three drill holes have been completed, the first two holes targeted Vein 1 and the third hole the Manto Dorado structure. These first results are very encouraging since they show the continuity of, and moreover the importance of the latter two gold-bearing structures.
Drilling Results
The first drill hole, HDD-01 intersected Vein 1 at a depth of 44 meters, over a width of 1.15 meters, and had a gold grade of 20.2 g/t Au. Drill hole HDD-02 intersected the same vein at a depth of 84.4 meters, over 4.3 meters and had a gold grade of 0.005 g/t Au. In 2003, drilling of Vein 1 had revealed a gold grade of 7.33 g/t Au over 6.0 meters, at a depth of 16 meters.
Drill hole HDD-03 targeted the structure known as Manto Dorado. The Manto was intersected at a depth of 26.1 meters, over a width of 26.12 meters. The gold grades from this intersect ranged from trace values to 12.8 g/t over 1.4 meters.
This third drill hole was laid 100 meters north of the Manto's known outcropping, which was discovered during the construction of an access road to the Tumipampa property, in 2003. It is worth remembering that this outcropping has a width of more than 12 meters and gold grades of 6.86 g/t Au over 4.9 meters were found.
Results
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Structure Drill Hole Depth Width (m) Au (g/t)
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Vein 1 HDD 1 44.00 - 45.15 1.15 20.2
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Vein 1 HDD 2 84.40 - 88.70 4.30 0.005
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Manto Dorado HDD 3 26.10 - 28.72 2.62 0.015
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28.72 - 29.15 0.43 0.5
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29.15 - 50.82 21.67 0.046
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50.82 - 52.22 1.40 12.8
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Phase 1 of the 2007-2008 diamond drilling campaign consists of 3,000 meters of drilling over a seven-month period. The main objective of this campaign is to explore the following structures: Manto Dorado and Veins 1, A, Z, San Pedro, 2007, and Esperanza. It is important to underline that in an earlier drilling campaign in 2003, Veins 1, Z, and A showed high gold mineralization, namely: HDD1 (Vein 1 - 7.33 g/t Au over a 6 meter intercept), HDD3 (Vein Z -8.20 g/t Au over a 4 meter wide intercept) and HDD6 (Vein A - 12.25 g/t Au with a width of 2 meters).
The next several drill holes are to target the Manto Dorado in order to verify the continuity of the mineralization within this very significant structure. Based on the results obtained from these holes, further drilling will test the Manto Dorado's extension at depth. The entire drilling program, totaling 11,000 meters is planned to take course over a period of 24 months.
Chemical analysis was done by ALS CHEMEX laboratories in Lima and samples were analysed by the Au-AA23, Au-AA25, Au-SCR21 and ME-ICP61 methods.
Alonso Sanchez, Chief Geologist, having graduated from the Universidad National de Ingenieria is Dynacor Gold's "Qualified Person" and is responsible for the technical information contained in this press release. Thus, Mr. Sanchez can testify to the precision and exactitude of the data and the mining and geological knowledge of the Tumipampa property, as required by National Instrument 43-101 and its annexes with respect to the reporting and content of this press release.
ABOUT DYNACOR GOLD MINES INC.
Dynacor Gold Mines Inc. is a gold exploration and mining company, that has been active in Peru since 1996. The Company's assets include the Acari, Casaden and Tumipampa exploration properties. Dynacor Gold Inc. owns 100% of the Acari mill which was acquired from Malaga inc. (TSX: MLG) on the 1st of May 2007 and from which it 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 for over 12 years. 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, 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.