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DYG Dynasty Gold Corp

0.135
-0.005 (-3.57%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Dynasty Gold Corp TSXV:DYG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -3.57% 0.135 0.135 0.145 0.145 0.135 0.14 92,000 18:23:02

Dynasty Gold Completes Surface Exploration Program at the Opinaca D Property in Northern Quebec

05/10/2011 2:30pm

Marketwired Canada


Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company")
is pleased to provide an update on the recently completed Opinaca D surface
exploration program. The purpose of the exploration program was to confirm drill
targets previously identified by Eastmain Resources in six priority target
areas. Five of the target areas are located within the north-south
metasedimentary corridor on the western part of property and one is located in
the southeast part of the property. 


Close-spaced soil grids (25x25 metres) were established on selected geophysical
VTEM and gold geochemistry anomalies, and outcrops in the target areas were
sampled in detail. More than 600 rock and soil samples were collected. 


Many hydrothermal alteration zones have been identified in the north-south
highly deformed metasedimentary corridor in the west of the property, including
a suphidized-garnetite zone, a sillimanite-sulphidized zone and a microcline
zone. Another sulphidized outcrop is found to the east. In the northwest corner
of the property, a massive arsenopyrite sulphide pod is associated with
sulphidation and silicification. This zone has been traced over a distance of
100 metres and is a minimum of 15 metres in width. 


All samples were sent to ALS Chemex lab in Val d'Or, Quebec, and assay results
are expected within the next six weeks. After review of the results, the Company
will decide on the next phase of work. 


This press release was reviewed by Larry Kornze, a Qualified Person under the
definition of National Instrument 43-101. 


About Opinaca D Property, Quebec, Canada 

The Opinaca D property consists of 188 claims over a surface area of 98 km2 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. Goldcorp is
currently investing $1.4 billion to build an underground mine to produce 600,000
ounces of gold annually 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. 


Extensive surface exploration work done by Eastmain Resources between 2005 and
2008 has identified a number of sediment-hosted gold occurrences, similar to
Goldcorp's Eleonore deposit in geological setting. Ten drill targets identified
by Airborne VTEM (Versatile Time-Domain Electro Magnetics) were recommended and
four coincided with significant geochemistry anomalies.


About Dynasty Gold Corp. 

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on
gold exploration in North America. 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.


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