Base Metals

Dynacor Gold Mines (TSX:DNG) has announced the discovery of a large copper-gold porphyry in the northwest of its wholly owned Tumipampa property.

Dynacor Gold Mines (TSX:DNG) has announced the discovery of a large copper-gold porphyry in the northwest of its wholly owned Tumipampa property.
As quoted in the press release:

  • Discovery of a copper-gold porphyry “El Potro”, that is 750 meters wide and 1,700 meters long orientated to the NW, located 2.3 km to the west of the Manto Dorado and other high grade gold veins;
  • Twenty five (25) surface samples taken directly on outcrops of the porphyry showed high anomalous copper grades ranging from 0.012 to 0.22% Cu (Table 1);
  • Fourteen (14) surface samples taken directly on outcrops of the porphyry showed high anomalous gold grades ranging from 0.10 to 2.51 g/t Au (Table 2);
  • Samples collected on a skarn inside the porphyry were anomalous in Ag, Cu, Mo, Pb and Zn with values as high as 40.4 g/t Ag, 0.438% Cu, 108 ppm Mo, 0.99% Pb and 2.26% Zn (Table 3).
  • Fifty-five (55) samples collected in the Skarn 4 area were anomalous in copper with grades between 0.1 to 3.63% Cu (Table 4);
  • Nineteen (19) samples collected in the Skarn 4 area were anomalous in gold with grades between 0.13 to 9.59 g/t Au (Table 5).

Alonso Sanchez Dynacor’s chief geologist has analysed all the data and has concluded:

  1. This new discovery is very significant since we have perhaps found one of the “feeder systems” that is responsible for the high gold and copper grades found at Tumipampa. Further exploration from the vein area trending to the west towards the Porphyry will allow us to explore this hypothesis and possibly discover new mineralized structures;
  2. The discovery of a porphyritic body is further proof of the incredibly diverse geology of the Tumipampa property and its potential.
  3. Considering the importance of this discovery, the porphyritic system and its associated skarn structures will be actively explored in the coming year by further detailed surface geochemical sampling as well as targeted drilling of the porphyry based on geochemical and geophysical anomalies.

Dynacor President and CEO, Jean Martineau, said:

I am very pleased that we have found a large Cu-Au porphyry and its associated skarns since this opens a window of opportunity for Dynacor to make further discoveries of mineralized structures on this amazing property. Our geologists are very optimistic and are now planning how best to further the exploration of this area.

Click here for the full press release.

MARKETS

Markets
TSX19106.84-115.90
TSXV626.31-18.60
DOW31131.83+184.84
S&P 5003828.75+7.20
NASD11197.17+15.63
ASX6763.60+57.60

COMMODITIES

Commodities
Gold1816.14-2.43
Silver20.75-0.07
Copper3.780.00
Palladium1963.00+94.00
Platinum916.00+6.00
Oil111.12-0.64
Heating Oil4.03-0.09
Natural Gas6.54-0.03

DOWNLOAD FREE REPORTS

×