Dynasty Gold Provides Golden Repeat Exploration Program Update
Published : July 13, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2011) - Dynasty Gold Corp. (News - Market indicators)(FRANKFURT:D5G) ("Dynasty" or the "Company") is pleased to provide an update on its Golden Repeat exploration program in Nevada first announced on May 10, 2011. Dynasty Gold's geological team led by Larry Kornze, the Vice President of Exploration, visited the Golden Repeat property on June 15, 2011. A favorable assessment of the current situation by the team in regard to the exploration plan has enabled the Company to kick-off the surface exploration effort on July 7. The surface work consists of mapping, data compilation, geochemistry, and geophysics over the entire property. The main objectives of this surface work are to refine the existing drill targets and to identify additional drill targets on the property.

The Company has submitted a permit application to the Bureau of Land Management in Elko County to drill on the property. The first phase of drilling will consist of 1,230 meters on the targets previously identified by Yamana Gold and confirmed by Dynasty Gold's geological team (Stockwatch May 10, 2011). The Bureau of Land Management approved the original drill plan in 2007 when Yamana Gold first submitted it. The permitting process for Dynasty Gold's resubmission is expected to take between six to eight weeks. The Company is also in the process of securing a drill rig in anticipation of the drill permit approval.

Richard Jones, P. Geo, a senior geologist with 28 years of experience in mineral exploration, geological engineering and mine management in Nevada, has been engaged to lead the Golden Repeat exploration program. Most recently, Richard has worked in the nearby Hollister Mine (35 km South East of Golden Repeat). He specializes in geological interpretation of geochemical and geophysics data, the logging of core and, ore reserve calculations. Richard has a Master of Science degree in Geology from Queen's University in Kingston, Ontario. "We are very happy to bring a person with Richard's background and experience on board to lead Golden Repeat's exploration program," stated Larry Kornze, Vice President of Exploration and a director. "We believe the surface work on the property will provide the Company with further information on the existing drill targets and possibility of adding new drill targets."

The Company further announces the granting of 3,000,000 stock options at $0.10 exercisable over a five-year period to directors, officers, consultants and advisors. The stock options grant is subject to the TSX Venture Exchange's approval.

About Golden Repeat Property

The Golden Repeat property consists of 49 claims located on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims host many geological similarities to the well-known Midas Gold District. Ten miles to the east of the property is Newmont's Ken Snyder mine (6.41 million ounce gold reserves as of 2007 at over 14g/t), an epithermal, bonanza-type gold-silver bearing system. Additionally, three major sediment-hosted gold mines, Barrick's Getchell and Pinson Mines and Newmont's Twin Creeks Mine, lie 10-15 miles west of the property. Two distinct targets exist on the property. One is a volcanic-hosted epithermal occurrence, similar to Newmont's Ken Snyder deposit. The other is a sediment-hosted, gold mineralization beneath the tertiary volcanic rocks. The property was drilled by Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most recent work done on the property was in 2006.

About Opinaca D Property

Opinaca D is the other property that the Company is currently finalizing its 2011 exploration program.

The Opinaca D property consists of 188 claims over a surface area of 98 km2. It is situated in the emerging Eleonore gold camp in the James Bay region of Quebec, and sits on the Eastmain Greenstone gold belt. The property is located about 14 km northwest of Goldcorp's Eleonore deposit. The Eleonore deposit hosts over 3 million ounces of gold reserves at a grade of 7.56 g/t gold, and over 4 million ounces of inferred resources at a grade of over 10 g/t gold.

Extensive surface exploration work done by Eastmain Resources between 2005 and 2008 has identified a number of sediment–hosted gold targets, similar to Goldcorp's Eleonore deposit in geological setting. Twelve drill targets were identified by VTEM and four coincided with significant geochemistry anomalies.

Goldcorp is currently investing $1.4 billion to build an underground mine to produce 600,000 ounces of gold from 2014. The Eleonore mine will contribute 22% of Goldcorp's total gold production. Dynasty's Opinaca D property will benefit from Goldcorp's infrastructure building in the area. In particular, a planned 60 km road, providing access to the Eleonore property, will directly crosscut the Opinaca D property. Major access to the region includes a north-south paved highway (LG2) extending from Matagami to Radisson. 

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North American. Two active exploration programs in Nevada US and Quebec, Canada are underway. For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

Ivy Chong, President & CEO

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.

Dynasty Gold Corp. - Vancouver Office
Ivy Chong
604.633.2100
604.484.3559 (FAX)
ichong@dynastygoldcorp.com
www.dynastygoldcorp.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Dynasty Gold Corp.

CODE : DYG.V
ISIN : CA2681321071
CUSIP : 54948E
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Dynasty Gold is a gold exploration company based in Canada.

Dynasty Gold holds various exploration projects in China.

Its main exploration properties are RED VALLEY, WILDHORSE and HATU in China.

Dynasty Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 13.0 millions as of today (US$ 10.4 millions, € 9.1 millions).

Its stock quote reached its highest recent level on November 01, 1996 at CA$ 9.80, and its lowest recent point on August 25, 2017 at CA$ 0.01.

Dynasty Gold has 118 343 710 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Dynasty Gold Corp.
5/16/2011Announces a Private Placement to Raise $1,665,000
Corporate news of Dynasty Gold Corp.
12/2/2014Provides an Operational Update
6/12/2013Applied for 3000 Meters Drill Permit for the Strike Property...
9/26/2012Signs Agreement to Acquire 100% Interest in the Strike Prope...
12/14/2011Mr. Tookie Angus reports on Dynasty Gold
7/13/2011Provides Golden Repeat Exploration Program Update
6/15/2011Announces Close of $2.24 Million Private Placement
5/10/2011Announces Golden Repeat, Nevada 2011 Exploration Program May...
6/27/2008Announces Re-Election of Directors at the AGM
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (DYG.V)FRANKFURT (D5G.F)
0.110-24.14%0.015+0.00%
TSX-V
CA$ 0.110
06/23 16:55 -0.040
-24.14%
Prev close Open
0.145 0.125
Low High
0.110 0.125
Year l/h YTD var.
0.110 -  0.260 -42.11%
52 week l/h 52 week var.
0.110 -  0.260 -42.11%
Volume 1 month var.
37,500 -21.43%
24hGold TrendPower© : -16
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-45.00%
2021122.22%0.350.08
202038.46%0.140.04
2019-50.00%0.160.06
2018-7.14%0.270.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.38+2.15%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.82-1.40%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.51+2.60%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-7.66%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.00+0.67%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.70+2.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.28+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.24+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.92-2.04%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.59+7.10%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03-6.45%Trend Power :