Dynasty Gold Drills Broad Zone High Grade Au at Pelham and Discovers Near Surface New Mineralization 1 Km South of Pelham Resource at Thundercloud
Dynasty Gold Corp (DGDCF) has announced significant drill results from its 2,673-meter drill program at the Thundercloud property in northwestern Ontario. Hole DP24-02 returned impressive results of 42m of 3.03 g/t Au within a broader zone of 94.5m of 1.61 g/t Au, starting 45m from surface.
A notable discovery was made in hole DP24-06, located approximately 1 km south of the Pelham Resource, intersecting 4.5 meters of 2.1 g/t Au and 1.5 meters at 3.02 g/t Au within a broader zone of 22.5m of 0.80 g/t Au, starting just 6 meters from surface. This new mineralization in the Contact Zone shows similar characteristics to the Pelham Zone.
The company has completed about 7,400 meters of drilling at the Pelham Zone since 2022. A 2025 spring exploration program is planned, focusing on detailed surface mapping and sampling in the Contact Zone.
Dynasty Gold Corp (DGDCF) ha annunciato risultati significativi dai suoi 2.673 metri di programma di perforazione presso la proprietà Thundercloud nel nord-ovest dell'Ontario. Il foro DP24-02 ha restituito risultati impressionanti di 42m di 3,03 g/t Au all'interno di una zona più ampia di 94,5m di 1,61 g/t Au, iniziando a 45 metri dalla superficie.
Una scoperta notevole è stata fatta nel foro DP24-06, situato a circa 1 km a sud della risorsa Pelham, che ha intersecato 4,5 metri di 2,1 g/t Au e 1,5 metri a 3,02 g/t Au all'interno di una zona più ampia di 22,5m di 0,80 g/t Au, iniziando a solo 6 metri dalla superficie. Questa nuova mineralizzazione nella Zona di Contatto mostra caratteristiche simili a quelle della Zona Pelham.
L'azienda ha completato circa 7.400 metri di perforazione nella Zona Pelham dal 2022. È in programma un programma di esplorazione nella primavera del 2025, con un focus sulla mappatura e il campionamento dettagliato della superficie nella Zona di Contatto.
Dynasty Gold Corp (DGDCF) ha anunciado resultados de perforación significativos de su programa de perforación de 2,673 metros en la propiedad Thundercloud en el noroeste de Ontario. El pozo DP24-02 devolvió resultados impresionantes de 42m de 3.03 g/t Au dentro de una zona más amplia de 94.5m de 1.61 g/t Au, comenzando a 45 metros de la superficie.
Un hallazgo notable se realizó en el pozo DP24-06, ubicado aproximadamente a 1 km al sur del recurso Pelham, intersectando 4.5 metros de 2.1 g/t Au y 1.5 metros a 3.02 g/t Au dentro de una zona más amplia de 22.5m de 0.80 g/t Au, comenzando a solo 6 metros de la superficie. Esta nueva mineralización en la Zona de Contacto muestra características similares a las de la Zona Pelham.
La empresa ha completado alrededor de 7,400 metros de perforación en la Zona Pelham desde 2022. Se planea un programa de exploración para la primavera de 2025, centrado en la cartografía y muestreo detallado de la superficie en la Zona de Contacto.
Dynasty Gold Corp (DGDCF)가 북서부 온타리오의 썬더클라우드 재산에서 2,673미터 시추 프로그램의 중요한 시추 결과를 발표했습니다. DP24-02 구멍은 45미터 지점에서 시작하여 42m의 3.03 g/t Au라는 인상적인 결과를 반환했으며, 94.5m의 1.61 g/t Au의 더 넓은 구역 내에서 발견되었습니다.
주목할 만한 발견은 Pelham 자원에서 약 1km 남쪽에 위치한 DP24-06 구멍에서 이루어졌으며, 이 구멍은 표면에서 단 6미터 지점에서 시작하여 4.5미터의 2.1 g/t Au와 3.02 g/t Au에서 1.5미터를 교차했습니다. 이 새로운 광물화는 접촉 구역에서 발견되었으며, Pelham 지역과 유사한 특성을 나타냅니다.
회사는 2022년부터 Pelham 지역에서 약 7,400미터의 시추를 완료했습니다. 2025년 봄 탐사 프로그램이 계획되어 있으며, 접촉 구역의 세부 지표 매핑 및 샘플링에 중점을 두고 있습니다.
Dynasty Gold Corp (DGDCF) a annoncé des résultats de forage significatifs provenant de son programme de forage de 2 673 mètres sur la propriété Thundercloud dans le nord-ouest de l'Ontario. Le trou DP24-02 a renvoyé des résultats impressionnants de 42m à 3,03 g/t Au dans une zone plus large de 94,5m à 1,61 g/t Au, débutant à 45 mètres de la surface.
Une découverte notable a été faite dans le trou DP24-06, situé à environ 1 km au sud de la ressource Pelham, qui a intersecté 4,5 mètres à 2,1 g/t Au et 1,5 mètre à 3,02 g/t Au dans une zone plus large de 22,5m à 0,80 g/t Au, à seulement 6 mètres de la surface. Cette nouvelle minéralisation dans la zone de contact présente des caractéristiques similaires à celles de la zone Pelham.
L'entreprise a complété environ 7 400 mètres de forage dans la zone de Pelham depuis 2022. Un programme d'exploration pour le printemps 2025 est prévu, axé sur une cartographie détaillée de la surface et un échantillonnage dans la zone de contact.
Dynasty Gold Corp (DGDCF) hat bedeutende Bohrergebnisse aus seinem 2.673 Meter langen Bohrprogramm auf dem Thundercloud-Grundstück im nordwestlichen Ontario angekündigt. Das Loch DP24-02 lieferte beeindruckende Ergebnisse von 42m mit 3,03 g/t Au innerhalb einer breiteren Zone von 94,5m mit 1,61 g/t Au, beginnend 45m unter der Oberfläche.
Eine bemerkenswerte Entdeckung wurde im Loch DP24-06 gemacht, das sich etwa 1 km südlich der Pelham-Ressource befindet, wo 4,5 Meter mit 2,1 g/t Au und 1,5 Meter mit 3,02 g/t Au innerhalb einer breiteren Zone von 22,5m mit 0,80 g/t Au, 6 Meter unter der Oberfläche, durchschnitten wurden. Diese neue Mineralisierung in der Kontaktzone zeigt ähnliche Eigenschaften wie die Pelham-Zone.
Das Unternehmen hat seit 2022 etwa 7.400 Meter Bohrungen in der Pelham-Zone abgeschlossen. Ein Erkundungsprogramm für den Frühling 2025 ist geplant, das sich auf detaillierte Oberflächenkartierung und Probenahme in der Kontaktzone konzentrieren wird.
- Discovery of new mineralization 1km south of Pelham Resource with shallow depth (6m from surface)
- Strong drill results: 42m of 3.03 g/t Au within 94.5m of 1.61 g/t Au
- Successful extension of gold mineralization to the east of previous discovery hole
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to release additional drill results for its 2,673 meters drill program completed in 2024 at the Thundercloud property, located in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.
The July drilling has successfully tested the extensions for the eastern limits of the defined mineralization in the Pelham Zone. Additional assays for 19.5 meters (120 to 139.5 meters) in hole DP24-02 were received, which combined with previous assays, returned 42m of 3.03 g/t Au within a broader zone of 94.5m of 1.61 g/t Au, 45m from surface, with consistent high-grade running between 5 to 8+ g/t Au and to up to 24.53 g/t Au (press release of September 23, 2024). See Table 1. Drilling in 2023 and 2024 confirmed an extension of gold mineralization to the east of the previously reported discovery hole (8.4 g/t of 73.5m) drilled in 2022 at Pelham.
DP24-06 is a new discovery hole drilled in October 2024 in a new area, about 1 km south of the Pelham Resource (NI43-101 Resource Estimates published in January 2022) at the boundary of chargeability and magnetic highs. This significant step-out hole intersected 4.5 meters of 2.1 g/t Au and 1.5 meters at 3.02 g/t Au within a broader zone of 22.5m of 0.80 g/t Au, starting at 6 meters from surface, indicating the presence of shallow mineralization in the Contact Zone. See Figure 1. The nature of the intersected mineralization comprises strong structurally controlled pyrite veining similar to the early intercepts at Pelham Resource.
"Dynasty is pleased to expand its footprint by 1 km to the south of the Pelham Resource and intersected encouraging near surface mineralization (6 meters) of up to 3.02 g/t. The Contact Zone appears to host similar mineralization as the Pelham Zone. The Pelham Zone has returned exceptional high-grade and long intercepts during 2022 to 2024 drilling. These initial results will aid in further investigative drilling in this new area. We are confident that this shallow mineralization can be considerably expanded with additional drilling," commented Roman Shklanka, a Director.
"Dynasty continues to deliver impressive broad zones with high-grade intervals three years in a row at the Pelham Zone. This new mineralization discovery in the Contact Zone is an exciting new chapter for the Company. It opens up a large new mineralized area for exploration and resource expansion. The mineralization could be further expanded in all directions. We expect to launch a surface exploration program as soon as weather permits to follow up the targeted area for additional drilling to expand mineralization along strike in the Contact Zone," added Ivy Chong, President and CEO.
Dynasty has completed approximately 7,400 meters of drilling at the Pelham Zone since 2022. The mineralization at Pelham is associated with pyritic veining within an east-west trending structural zone, surrounded by a halo of +
The 2025 spring exploration program will consist of detailed surface mapping, soil and rock-chip sampling in the Contact Zone to better delineate the trend and extent of mineralization prior to initiating an exploration drill program to explore this target area.
Table 1. Drill Intercepts Highlights from 2024 Phase 2 Drilling
| Hole Number | East_NAD83 | North_NAD83 | From (m) | To (m) | Interval (m) | Au (g/t) |
| TC24-02 | 534280 | 5471386 | 45.0 | 139.5 | 94.5 | 1.61 |
| Including: | 97.5 | 139.5 | 42.0 | 3.03 | ||
| 109.5 | 114.0 | 4.5 | 9.28 | |||
| TC24-06 | 534138 | 5470459 | 6.0 | 28.5 | 22.5 | 0.80 |
| Including: | 6.0 | 15.0 | 9.0 | 1.20 | ||
| 12.0 | 16.5 | 4.5 | 2.10 | |||
| And | 27.0 | 28.5 | 1.5 | 3.02 |
Core recovery was close to
Figure 1. October 2024 and 2023 Drill Hole Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7227/238062_209b886094484b9d_001full.jpg
Quality Assurance & Quality Control
Core was logged and sample intervals selected in Dynasty's core shack in Dryden, Ontario. It was securely transported and diamond sawed in the presence of the Company's consulting geologist, and personally delivered to the ALS Global Geochemistry Laboratory in Winnipeg, Manitoba. Dynasty used ALS Global for Au-AA23 gold fire assays and the ME-ICP61 33 multi-elements packages for the minor element analyses. OREAS standards, blanks and duplicates were inserted into the sample stream to check on the comparative accuracy of the gold assays received. Gold fire assays and 4-acid-dissolution geochem analyses were conducted on the samples at the ALS Global Geochemistry Laboratory in Vancouver, B.C., and all gold values higher than 10 g/t were re-assayed by using Au-GRA21 gravimetric fire assays.
The technical content of this release has been reviewed and approved by E. Max Baker Ph.D. (F.AusIMM), Technical Director of the Company and a "Qualified Person" ("QP") as defined in National Instrument 43- 101 - Standards of Disclosure for Mineral Projects.
The Company has engaged Velocity Trade Capital Ltd. ("Velocity Trade") to provide market-making services to the Company in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("Exchange"). Velocity Trade will manage trading of the Company's shares from time to time for the purposes of maintaining an orderly market and to reduce trading volatility and improving the liquidity of the Company's shares. The funding and securities required for these services undertaken will be provided by Velocity. In consideration for the services, Dynasty has agreed to pay Velocity Trade a monthly fee of
Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario. It is registered for trading in the provinces of Ontario, British Columbia, Alberta, and Manitoba. It is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Velocity Trade and Dynasty are not related parties and have no other agreements other than the aforesaid. This engagement is subject to acceptance of the TSX Venture Exchange.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report, dated Sept. 27, 2021, can be found on the Company's and SEDAR websites. The
ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.
"Ivy Chong"_____________
Ivy Chong, President & CEO
For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100
Email: ichong@dynastygoldcorp.com
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238062
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