- Dynasty Gold (TSXV:DYG) has completed 1,320 metres of 2023 Phase two drilling at its Thundercloud property in northwest Ontario
- The program was set to delineate near surface mineralization outside the Pelham resource and test the continuation of the high-grade mineralization that was found last year
- A total of five holes were drilled and four step-out holes targeted IP anomalies from 75 metres north of and 175 metres south of the Pelham zone resource
- Dynasty Gold last traded at $0.17 per share
Dynasty Gold (TSXV:DYG) has completed 1,320 metres of 2023 Phase two drilling at its Thundercloud property in northwest Ontario.
The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometres southeast of Dryden.
The program was set to delineate near surface mineralization outside the Pelham resource and test the continuation of the high-grade mineralization that was found last year.
A total of five holes were drilled. Four step-out holes targeted IP anomalies from 75 metres north of and 175 metres south of the Pelham zone resource. One definition hole was drilled below Hole DP22-03 (8.42 g/t gold over 73.5 metres) targeting a footwall zone to the west of the high-grade interval in Hole DP22-02 (115 g/t gold over 1.5 metres) where there has been no previous drilling.
“The goal of this drill program was to step out of the Pelham resource area to obtain new data to evaluate other parts of the property that have not been previously drilled,” Ivy Chong, the company’s president and chief executive officer, said in a news release. “This data will help us to define new drill targets for future drill programs. We consider these areas our new frontier and look forward to assessing the new data.”
The miner recently reported final drill results from the Phase 1, 2023 drill program. The results were highlighted by drill hole DP23-10, which intersected a broad zone of 163.5 metres of 1.0 g/t at 33 metres from the surface, including higher grade sub-zone of 63 metres at 2.1 g/t and high-grade intervals of 22.5 metres of 4.5 g/t, 7.5 metres of 8.8 g/t and 3 metres of 11.2 g/t together with sub-intervals of 1.5 metre each of 20.3 g/t and 28.3 g/t.
Dynasty Gold is focused on gold exploration in North America, with projects in Ontario and Nevada.
Dynasty Gold last traded at $0.17 per share.
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