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Dynacor Gold Mines

Publié le 15 juillet 2008

Tumipampa: three types of gold mineralization uncovered

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Tumipampa: three types of gold mineralization uncovered

Montr�al, Qu�bec, July 15, 2008 � Dynacor Gold Mines Inc. (Dynacor TSX: DNG) is pleased to report the exploration results that it has obtained on its 100% owned Tumipampa property. In late 2007, the Company began an 11,000 meter drilling campaign and a surface exploration programme. Initial results were reported in February 2008 (see Press Release dated February 12, 2008) and the Company now reports on all the results obtained during the first 6 months of 2008.

THE TUMIPAMPA PROJECT
The Tumipampa project is located 500 km from the city of Lima, in the Chapimarca district, Province of Aymaraes, Department of Ap�r�mac. Dynacor Gold owns a total of 2,650 hectares which are adjacent to concessions being explored by the following companies: Yamana Gold, Bear Creek and Southern Peru. The area is composed of quartzite (Soraya formation) and limestone (Ferrobamba formation) of the Cretaceous, which contain important epithermal Au deposits, these structures are intruded by the Ap�rimac batholite, a well known metallotect that is related to many porphyric Cu and Au deposits in Peru.

Overall, the results obtained suggest that three different types of mineralization can be encountered on the Tumipampa property, namely:

1. Gold bearing vein structures with variable widths ranging from 0.1 to 7 meters that are generally orientated along a N20�E/70�NW dip. The veins are mainly made-up of pyrite, chalcopyrite, hematite, iron oxides and grey-white quartz associated with the Soraya formation and the Ap�rimac batholite.

2. Disseminated gold mineralization associated with breccias in the quartzite rock.

3. Gold, copper and iron mineralization associated with Skarn-type deposit at the interface between limestones and marbles (Ferrobamba formation) and the intrusive body.

DRILLING RESULTS
In Table 1, the results for 12 drill holes are summarized including the veins or structures intersected.

TABLE 1:   TUMIPAMPA 2008 DIAMOND DRILLING RESULTS

 

 

Drill hole data

Intersection
Depth

(m)

Width

Mineralization

Vein

Drill hole

Orienta.

Inclin.

Total length

Struc-ture
(m)

Mine-ralized
(m)

Au
g/t

Cu
(%)

Ag
(oz/t)

Zn
(%)

Vein 1

HDD1

N 40� E

-60

99.80

44.00 - 46.45

2.45

1.15

20.20

0.011

0.045

0.012

Vein 1

HDD2

N 4� E

-65

98.00

84.40 - 88.70

4.30

1.30

0.005

0.001

0.016

0.003

Manto Dorado

HDD3

S 50� E

-80

101.50

26.10 - 52.22

26.12

1.40

12.800

Trace

0.500

0.005

Manto Dorado

HDD4

S 60� E

-76

135.00

29.50 - 61.70

30.26

3.57

0.103

0.011

0.058

0.050

Manto Dorado

HDD5

S 60� E

-78

104.20

54.40 � 61.50

6.43

0.73

4.240

0.021

0.019

0.006

Manto Dorado

HDD6

S 60� E

-78

124.20

40.30 � 56.60

15.00

1.20

23.800

0.077

0.090

0.013

Rosa vein

HDD7

N 75� E

-30

145.00

32.00 � 35.75

3.25

0.65

13.800

0.054

0.090

0.013

Vein A

HDD7-1

 

 

 

107.60 � 110.40

2.80

2.80

Trace

0.007

0.072

0.053

Vein A

HDD8

N 75� E

-45

125.00

40.05 � 42.20

2.06

1.28

1.245

0.003

0.048

0.005

Caja vein

HDD8-1

 

 

 

45.00 � 47.75

2.63

2.63

2.154

0.002

0.016

0.003

Rosa vein

HDD9

N 75� E

-40

134.50

48.85 � 52.00

2.78

2.78

0.029

0.001

0.068

0.006

Split vein

HDD9-1

 

 

 

56.50 � 56.85

0.34

0.34

17.700

0.001

0.058

0.014

Vein A

HDD9-2

 

 

 

122.60 � 124.10

1.49

1.49

0.006

0.002

0.016

0.026

Vein A

HDD10

N 75� E

-35

85.60

65.10 � 67.05

1.94

1.94

0.132

Trace

Trace

0.009

Tumi vein

HDD11

N 75� E

-35

250.85

99.85 � 101.65

1.38

1.38

1.870

0.001

0.045

0.005

Rosa vein

HDD11-1

 

 

 

137.50 � 145.80

7.39

2.76

6.332

0.002

0.073

0.004

Manto Dorado

HDD12

E

-35

126.50

74.75 � 91.83

14.94

1.95

0.175

0.003

0.022

0.006

Apart from the Manto Dorado structure that was intercepted by drill holes HDD3, 4, 5, 6 and 12, six vein structures namely the veins 1, Rosa, A, Caja, Split and Tumi were intersected and had gold grades ranging from traces to 20.2 g/t. The Rosa vein is a new discovery that was uncovered by drill holes HDD7, 9 and 11-1 and the intercepts had gold grades of 13.8, 0.029 and 6.33 g/t, respectively. In order to ensure that international Quality Assurance/Quality Control (QA/QC) procedures were followed an independent expert was contracted (Geologica Groupe Conseil inc of Val d�Or, Canada) to validate the description of the cores and the sampling procedures used. 

SURFACE EXPLORATION
10 channel and grab samples were also taken from surface outcroppings of the breccia in the quartzite rock of the Soraya formation that show evidence of disseminated gold mineralization and are reported in Table 2 below.

TABLE 2 - DISSEMINATED GOLD MINERALIZATION IN THE QUARZITE OF THE SORAYA FORMATION

Sample
number

Type

Width

(m)

Au
g/t

Ag

ppm

Cu

ppm

Mo

ppm

55711

Channel

0.35

0.05

 

 

 

55729

Channel

0.45

0.81

0.9

82

62

55730

Channel

0.30

0.39

1.6

158

23

55731

Channel

0.60

0.04

 

 

 

55736

Channel

1.50

0.26

0.5

24

2

55737

Channel

2.00

0.80

0.6

23

7

55739

Channel

1.30

0.15

0.5

13

5

55741

Channel

0.70

0.11

0.5

20

4

55742

Grab

 

0.06

 

 

 

55744

Grab

 

0.79

0.5

14

1

Finally, in Table 3 , the results for 25 channel and grab samples taken from surface outcroppings of the limestone Ferrobamba (Skarn) formation are reported. These samples showed gold, silver and copper mineralisation. 3 samples had approximately 1% copper and gold mineralisation ranging from 2.67g/t to 9.88 g/t. Twelve samples returned gold grades of over 1 g/t and up to 15.65 g/t.

TABLE 3: 25 CHANNEL AND GRAB SAMPLES TAKEN FROM SURFACE OUTCROPPINGS OF THE  FERROBAMBA (SKARN) FORMATION

Sample
number

Type

Width

(m)

Au
g/t

Ag

ppm

Cu

ppm

Mo

ppm

1025

Channel

0.80

1.06

 

 

 

1026

Channel

0.70

15.65

1.7

17

4

1027

Grab

 

1.06

 

 

 

1257

Grab

 

0.17

1.0

20

 

1258

Grab

 

0.28

3.0

32

 

1267

Grab

 

0.15

0.9

8

 

1292

Channel

1.50

0.10

 

 

 

1294

Channel

1.50

0.33

 

 

 

1298

Channel

0.85

0.57

 

 

 

1299

Channel

1.60

0.11

 

 

 

1321

Channel

1.50

0.05

 

 

 

1326

Channel

1.50

0.06

 

 

 

1399

Channel

0.85

0.34

 

 

 

1442

Channel

0.65

3.72

 

 

 

1088

Channel

0.50

0.70

 

 

 

1089

Channel

0.50

0.09

 

 

 

1090

Channel

1.20

4.21

29.6

10000

8

1091

Channel

0.60

1.57

 

 

 

1097

Channel

0.50

1.85

 

 

 

1251

Channel

0.60

9.88

140.0

13300

 

1252

Channel

0.50

1.61

3.0

2880

 

1253

Channel

0.30

2.67

17.0

10000

 

1254

Channel

0.80

1.45

3.0

3440

 

1255

Channel

0.30

1.17

24.0

2820

 

1256

Channel

 

0.13

1.0

303

 

The Company is currently working on the full interpretation of these results and the conclusions will be reported as soon as they are available. Nevertheless, based on the results in Table 3 the Company�s chief geologist, Alonso Sanchez, decided to immediately initiate an exploratory drill hole, of the newly discovered Skarn structure, that is currently underway. The results from this drill hole will be reported as soon as the results are available.

Chemical analysis was done by ALS CHEMEX laboratories in Lima and strict QA/QC protocols were followed.

Alonso S�nchez, Chief Geologist, having graduated from the Universidad National de Ingenier�a is Dynacor Gold's "Qualified Person" and is responsible for the technical information contained in this press release. Thus, Mr. S�nchez 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 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 w ork ethics toward its employees, partners and local communities.

For more information, please contact:

Jean Martineau
President & CEO
Dynacor Gold Mines Inc.
514 288-3224

Renmark Financial Communications
Julien Ouimet: jouimet@renmarkfinancial.com
John Boidman: jboidman@renmarkfinancial.com
Tel. : 514 939-3989
Fax : 514 939-3717
www.renmarkfinancial.com

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Dynacor Gold Mines

PRODUCTEUR
CODE : DNG.TO
ISIN : CA26779X1015
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Dynacor est une société de production minière d'or basée au Canada.

Son principal projet en production est ACARI au Perou et ses principaux projets en exploration sont CASADEN et TUMIPAMPA au Perou.

Dynacor est cotée au Canada. Sa capitalisation boursière aujourd'hui est 203,3 millions CA$ (149,3 millions US$, 134,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 0,10 CA$, et son plus haut niveau récent le 19 juillet 2024 à 5,75 CA$.

Dynacor possède 38 730 000 actions en circulation.

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announces expected non-cash impairment
7,05 AU$+0,43%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
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