- Dynasty Gold (DYG) starts 2023 Thundercloud exploration
- The property is 47 kilometers southeast of Dryden in northwest Ontario
- Last year’s drill program discovered a number of high-grade gold intervals in the eastern Pelham Zone
- The geological team is getting ready for the upcoming drilling and will finish the follow up sampling of the previous years drill core sections.
- The company anticipates drilling of up to 5,000 meters, and follow-on drilling of an additional 5,000 meters if needed
- Dynasty Gold Corp. (TSXV:DYG) stocks is down 3.70 per cent, trading at C$0.26 at 10:40 am EST
Dynasty Gold Corp. (TSXV: DYG) that preparation for this year’s drill program on the Thundercloud property has started.
The property is 47 kilometers southeast of Dryden in northwest Ontario.
Thundercloud is an orogenic gold system in a greenstone belt of Archean age.
Last year’s drill program discovered a number of high-grade gold intervals in the eastern Pelham Zone.
Hole DP22-02 returned 3 meter’s of 64.95 g/t gold, including 1.5 meter’s of 115 g/t gold. Also, hole DP22-04 returned 1.5 meter’s of 25.2 g/t gold.
All of the high-grade intercepts are less than 200 meters from the surface.
Ivy Chong, President and Chief Executive Officer of the company added, “Recently, we completed a significant private placement. We are well funded to further test the gold system to follow up on last year’s drilling, to expand on the system at depth and test for the potential of stacked zones of high-grade gold.”
“Final preparation is underway for our 2023 drill program that will start soon,” concluded Chong.
Currently on site, the geological team is getting ready for the upcoming drilling and will finish the follow up sampling of the previous years drill core sections.
The first batch of forty-three samples has been delivered to the ALS Global laboratory in Winnipeg, Manitoba, for processing.
As part of the 2023 program, some of the historical drill core will be re-logged to look for consistency in lithology, alteration and mineralization.
Dynasty has inherited more than $10 million of valuable historical data from Teck Resources Limited and other companies.
Looking at recent drill data, the company found intercepts with gold grades between 20 g/t to 106 g/t in a number of core holes that require additional follow-up.
The program is expected to run until the fall, and will be extended as weather permits.
The company anticipates drilling of up to 5,000 meters, and follow-on drilling of an additional 5,000 meters if results warrant.
Dynasty Gold is an exploration company focused on gold exploration in North America with projects in Ontario and in the Midas gold camp in Nevada.
Dynasty Gold (DYG) is down 3.70 per cent, trading at C$0.26 at 10:40 am EST.