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Dynasty Gold Corp is a Canadian mineral exploration company focused on gold exploration in North America. The company's Thundercloud property, located in Ontario, has shown promising results in recent drill programs, with significant near-surface mineralization and high-grade gold intervals. With successful metallurgical testing and plans for further exploration in 2024, Dynasty Gold Corp is poised for growth and potential resource expansion.
Dynasty Gold Corp (TSXV: DYG, OTC: DGDCF) announced that $0.13 warrants will expire on December 15, 2024, at 5 p.m. Vancouver Time. These warrants were issued as part of a December 2022 private placement. Director Roman Shklanka has exercised 300,000 warrants for $39,000. The remaining company warrants are priced at $0.27.
The company reports being well-funded for its 2025 exploration program, which will be announced in the new year. Shklanka highlighted the success at the Thundercloud project since its acquisition from Teck Resources in 2021, noting approximately 150% growth in the NI 43-101 resource due to numerous high-grade and long intercepts in drill holes.
Dynasty Gold Corp. (TSXV: DYG) (OTC Pink: DGDCF) held its 2024 annual general meeting on October 4, 2024, with over 42% of shares represented. All resolutions were approved, and directors Ivy Chong, Roman Shklanka, Larry Kornze, and Richard Redfern were re-elected. The company provided an update on its Thundercloud project, located 47 km southeast of Dryden, Ontario. Since acquiring the property in 2021, Dynasty has conducted three drill campaigns totaling 7,350 meters, intersecting high-grade gold zones. Recent results include 5.1 g/t over 18 meters with grades up to 24.53 g/t. An internal 3D geological resource model suggests potential for a 150% increase in resource estimate and 50% improvement in grade for an open pit resource. The company is debt-free with approximately 61 million shares outstanding, with 40% owned by insiders and long-term shareholders. Rob McEwen, founder of McEwen Mining Inc., is the largest shareholder with a 9.7% stake.
Dynasty Gold Corp. (TSXV: DYG) (OTC Pink: DGDCF) has begun phase two of its 2024 exploration program at the Thundercloud property in northwestern Ontario. Recent drill results confirmed grades up to 24.53 g/t gold within a broad zone of mineralization at Pelham, expanding the resource in tonnage and grade. The company anticipates further resource expansion with additional drilling, especially considering gold prices above $2,600 an ounce.
Drilling at the Pelham Zone has delineated mineralization over a 450m strike length and 150m to 200m vertical extent, with typical intercepts averaging between 1 and 8.4 g/t gold. The fall drilling program will focus on testing targets in the West Contact Zone, prioritizing areas associated with chargeability highs and anomalous rock chip samples. Dynasty plans to conduct additional drilling in late 2024 or early 2025 to test for down-dip extensions to the mineralization in the Eastern Pelham Zone.
Dynasty Gold Corp. (TSXV: DYG, OTC Pink: DGDCF) has released assay results for its July 2024 drill program at the Thundercloud property in northwestern Ontario. The program, comprising 2,198 meters, successfully intersected high-grade gold mineralization of 5.13 g/t over 18 meters, including 9.3 g/t over 4.5 meters and numerous 5 to 8+ g/t over 1.5m in TC24-02.
Results confirm the extension of high-grade mineralization discovered in 2022 and 2023, with consistent grades between 5 to 8+ g/t and up to 24.53 g/t. The drilling also intersected broad zones of lower grade mineralization from 25 meters below surface with intercepts between 50 and 136 meters in length for grades up to 1.73 g/t.
The results establish the continuity of mineralization at Pelham over a tested strike length of 450m and vertical extent of 150 to 200m, remaining untested below that depth. Dynasty plans to continue drilling to expand the Pelham Resource and explore the remaining untested 90% of the property.
Dynasty Gold Corp. (TSXV: DYG) (OTC Pink: DGDCF) has completed Phase 1 of its 2024 Drill Program at the Thundercloud property in northwestern Ontario. The program consisted of 11 holes totaling 2,198 meters of core drilling. Eight holes within the Pelham Zone intersected intervals of strong pyrite mineralization, similar to previous high-grade results of up to 8.4 g/t gold over 73.5m. The drilling potentially extended mineralization by 50m northeast and southwest, and up to 100m below previous drill limits. Three additional holes were drilled 300m west of the main zone. Assay results are expected within weeks, and Phase 2 drilling is set to resume in early September.
Dynasty Gold Corp. (TSXV: DYG, OTC Pink: DGDCF) has provided an update on its current drill program at the Thundercloud property in northwestern Ontario. The company has completed eight holes totaling 1,320 meters out of a planned 4,000-meter program. Highlights include:
- Holes TC-24-01 and -02 tested the upper 100 meters of a high-grade 'shoot' at the Pelham Zone
- TC-24-02 intersected 19 meters of pink calcite veining with some pyrite
- TC-24-11 potentially extended known mineralization 50 meters east
- TC-24-03 intersected strong pyrite veining in a zone of intense shearing
- TC-24-13 and -14 were drilled 150 meters west of high-grade intercepts at Pelham
Previous drilling in 2023 yielded significant results, including 12.0 meters at 11.0 g/t Au in hole DP-23-04.
Dynasty Gold has commenced a 4,000-meter drilling program at its Thundercloud property in the Manitou-Stormy Lakes Greenstone belt, near Dryden, Ontario. This program aims to extend high-grade gold mineralization identified in previous drilling campaigns, which revealed up to 73.5 meters at 8.42 g/t gold and 12 meters at 11.0 g/t gold in specific holes. New exploratory holes will test mineralization in the Pelham West area and the West Contact Zone, targeting historic pits highlighted by a recent LiDAR survey. The company plans to test down-dip extensions of high-grade gold shoots and will release assay results as they become available. Ivy Chong, CEO, expressed optimism about expanding the gold resource and updating the NI 43-101 resource estimate.
Dynasty Gold Corp. (OTC Pink: DGDCF) has initiated fieldwork for its Thundercloud Project. The 2024 drill program focuses on the Pelham Zone, aiming to extend high-grade gold mineralization discovered in 2022. Historic workings in the West Pelham, revealed by a 2023 LiDAR survey, will also be explored. Additionally, drilling will target high-grade trench assays in the West Contact Zone. Local First Nation community members will be involved in the workforce. The technical content was reviewed by E. Max Baker, Ph.D., Technical Director, and a Qualified Person as per National Instrument 43-101 standards.
Dynasty Gold has announced its 2024 exploration program for the Thundercloud property in northwestern Ontario. The program includes 4,000 meters of core drilling aimed at high-grade gold zones, with a focus on the Pelham Zone, where past drilling identified up to 72.23 g/t Au over 6.5 meters. A total of 20 holes, totaling 3,000 meters, will target down-dip extensions to expand known mineralization. Additional drilling will be conducted in the Pelham West and West Contact Zones. Historic exploration pits identified through a 2023 LiDAR survey will also be mapped and sampled. Approximately six holes, totaling up to 500 meters, will be drilled at Pelham West based on initial results. The program aims to uncover further high-grade gold opportunities in the area.
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