|October 05, 2011|
Dynasty Gold Completes Surface Exploration Program at the Opinaca D Property in Northern Quebec
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: 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
For additional information please contact:
Toll Free: 1-888-818-1365
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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News item: Tue Nov 22, 2011, Dynasty Gold Phase One Drilling at Golden Repeat Property in Nevada Intersecting New Mineralized Structure Containing 3.4 g/t Over 1.7 Meters
You can view the Previous News item: Tue Sep 27, 2011, Dynasty Gold Announces Engagement of Ethos Consulting
You can return to the main News page, or press the Back button on your browser.