Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Begins Phase Two 2024 Drilling at Thundercloud

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce phase two of the Company's 2024 exploration program has started and its crew arrived at its Thundercloud property in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.

"Drill results released on September 23, confirming grades up to 24.53 g/t gold within a broad zone of mineralization at Pelham, demonstrate the continuity of high-grade gold discovered in 2022 and 2023. These high-grade assay results have significantly expanded the resource (NI 43-101 Resource Estimate Report, dated September 27, 2021) in tonnage and grade," said Ivy Chong, president and CEO of Dynasty Gold Corp. "With additional drilling this fall and into next year, and gold trading above $2,600 an ounce, we anticipate the resource could expand considerably when the NI 43-101 Resource Estimate Report is updated."

Chong continues: "Drilling on the property in the last two years are shallow holes of less than 250 meters (m). Mineralization is open at depth and along strike and 90% of the property has not been systematically explored, providing excellent potential for resource expansion."

Pelham Zone Drilling Results

Drilling over the last three years at the Pelham Zone, in the central portion of the property, has delineated a zone of mineralization over a strike length of 450m and vertical extent of 150m to 200m, with typical intercepts from 50m to 160m averaging between 1 and 8.4 g/t gold with narrower, higher-grade intervals of 3m to 12m between 10 to 65 g/t.

*See Table 1 for selected sample results with intervals between 3m to 12m assaying above 10 g/t gold.

Table 1. Selected Results with Assays above 10 g/t Gold between 2022 to 2024 (This list is not exclusive. It does not include many 1.5m assays above 10 g/t in the data sets.)

 Hole NumberFrom (m)To (m)Interval (m)Au (g/t)
DP22-02190.5193.53.065.2
DP22-03115.5125.09.550.3
DP23-01162.0165.03.019.3
And184.5187.53.018.3
DP23-03147.0153.06.010.4
DP23-04109.5121.512.011.1
DP23-1052.555.53.011.2
And69.072.03.018.1
TC24-02111.0114.03.011.0

 

Fall Drilling Plans Prioritized

Based on recent reprocessing of magnetic and IP data, the Pelham Zone mineralization is shown to coincide with magnetic and chargeability highs, which are believed to be associated with disseminated and veinlet pyrite and associated biotite-magnetite alteration. Several similar trending coincident magnetic and chargeability highs have been recognized in the West Contact Zone approximately 500 meters to 2,000 meters south of Pelham. In a follow-up to July's drilling, the remaining 4,000-meter drill program (announced on June 18, 2024) will drill test three to four targets in the West Contact Zone. Plans include prioritizing those targets that are known to be associated with chargeability high and anomalous rock chip samples from previous trenching and historic workings.

A reinterpretation of the structural controls for mineralization intersected in the first phase drilling in the Pelham Zone is currently underway. It is anticipated that following this review, an additional phase of drilling will be conducted in late 2024 or early 2025 to test for down-dip extensions to the mineralization, particularly in the Eastern Pelham Zone where Dynasty defined the high-grade core to the mineralization with its 2022 and 2023 drill programs.

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.

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 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines. For more information, please visit the Company's website www.dynastygoldcorp.com.

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/225213

News Provided by Newsfile via QuoteMedia

DYG:CC
The Conversation (0)
Dynasty Gold Announces 2024 Annual General Meeting Results and Provides Thundercloud Drilling Update

Dynasty Gold Announces 2024 Annual General Meeting Results and Provides Thundercloud Drilling Update

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report the results from its 2024 annual general meeting held on Friday, Oct. 4, 2024. Total vote counts represent more than 42% of total issued and outstanding shares. All resolutions put forward to the shareholders were approved. The following directors were elected to hold office until the next annual general meeting of the Company:

Ivy Chong99.98%
Roman Shklanka99.98%
Larry Kornze98.93%
Richard Redfern98.92%

Dynasty would like to thank its shareholders for their votes and attendance at the meeting.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Dynasty Gold Continues to Hit Multiple High-Grade Intercepts up to 24.53 g/t Gold over a Broad Mineralized Zone in July 2024 Drilling at Thundercloud

Dynasty Gold Continues to Hit Multiple High-Grade Intercepts up to 24.53 g/t Gold over a Broad Mineralized Zone in July 2024 Drilling at Thundercloud

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to release assay results for the initial phase of the 2024 drill program comprising 2,198 meters for its Thundercloud property. Thundercloud is located in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.

Drilling was designed to test the extensions for the eastern and western limits of the defined mineralization. It has successfully intersected high-grade gold mineralization of 5.13 g/t over 18 meters from 97.5m to 115.5m, including 9.3 g/t over 4.5 meters and numerous 5 to 8+ g/t over 1.5m in TC24-02 (30 meters additional assay results are pending). Results confirm the high-grade mineralization that was discovered in 2022 and 2023 (see Figure 1) extending to the east of Pelham with consistent high grade running between 5 to 8+ g/t and to up to 24.53 g/t, intercepting from less than 100 meters below surface. It remains open at depth. Most holes were shallow within 200 meters of surface. 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 (see Table 1).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Terminates Exclusivity Agreement with Mable and Fable Limited to Pursue Multiple Strategic Opportunities and Announces Up To C$500,000 Shareholder-Led Private Placement

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, announces that it has terminated the exclusivity agreement previously entered into with Mable and Fable Limited ("MFL") on September 26, 2024, due to MFL's failure to satisfy their funding obligations under the agreement.

By terminating the exclusivity agreement, the Company is now free to pursue multiple strategic opportunities (including partnerships, joint ventures and financings) that have emerged since the announcement of its recent iron ore discovery. Following that announcement, Zodiac Gold has received substantial interest from multiple parties regarding these high-potential assets. The Company intends to evaluate these opportunities with a view towards identifying how to best leverage its iron ore assets in one or more transactions that will maximize shareholder value. In parallel, Zodiac Gold intends to continue to build on the exploration success of its recently completed Alasala and Arthington drilling programs at its Todi Project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

PROSPECT RIDGE CONFIRMS LARGE MINERALIZED SYSTEM AT COPPER RIDGE ZONE OF KNAUSS CREEK PROPERTY IN BRITISH COLUMBIA, CANADA

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the results of its drilling campaign at the Copper Ridge Zone (" Copper Ridge ") of its wholly-owned Knauss Creek property located approximately 35 kilometres (km) northeast of Terrace, British Columbia .

Drill Program Highlights

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

Element79 Announces Closing of First Tranche of Non-Brokered Private Placement

(TheNewswire)

Element79 Gold Corp.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×