Dynacor Gold Mines Inc. (TSX: T.DNG, Stock Forum) announced the first results of its 2013 exploration drilling campaign, on its 100% owned Tumipampa property, located 60 kilometres south of the city of Abanacay in Peru.
The two-fold exploration program began in December 2012 and includes a drilling program focused on Zone four of the skarn and the excavation of a cross-cut into gold vein structures located south of the skarn.
According to the Dynacor Gold Mines press release, all six drilling targets were selected based on geophysics chargeability anomalies and coincident surface grab sample anomalies of gold, silver, copper and zinc.
Highlights of the drill results include 3.2 metres grading 0.5 grams per tonne gold, 15.4 metres grading 0.34% zinc and 1.2 metres grading 0.071% copper.
Assay results have been received for the first six drill holes, and they reveal high levels of anomalous assays for zinc, copper, silver, gold and lead, including one sample that showed 86% anomalous silver.
Dynacor is a gold mining and exploration company active in Peru through its subsidiaries since 1996.
On Tuesday, Dynacor Gold rose 4% and was trading at $1.03 a share. The company had a market cap of $37.3 million, based on 36.2 million shares outstanding. The 52-week high and low was $1.64 and $0.36 respectively.