- Dynasty Gold (TSXV:DYG) has announced results from 10 drill holes at its East Pelham Zone in Ontario
- The company said 2,000 metres were drilled between the holes, with four holes drilled to get an understanding of the controls on the high-grade gold mineralization
- The drill hole locations were chosen using a combination of geophysical data and results from the 2022 holes
- Shares of Dynasty Gold are down 8.20 per cent to C$0.28 as of 11:49 a.m. ET
Dynasty Gold (TSXV:DYG) has reported results from 10 drill holes at its East Pelham Zone in northwest Ontario.
The company said a total of 2,000 metres were drilled, with four out of the 10 holes drilled to get an understanding of the controls on the high-grade gold mineralization.
“We used a new drilling contractor that was able to complete holes to target depths rapidly. Our geological team designed a series of holes to expand on the success of the fall 2022 program with a combination of holes to better understand the controls on the high-grade gold mineralization, as well as to step out along the geophysical anomaly associated with the East Pelham Zone,” Ivy Chong, CEO of Dynasty Gold, said in a statement.
Chong added that an additional 13 drill holes are planned for the East and Central Pelham Zone by moving to the West Pelham Zone.
Moving into the rest of summer and fall, the company anticipates drilling 5,000 more metres with an additional 5,000 metres if necessary.
Dynasty Gold is focused on gold exploration in North America, with projects located in Ontario and Nevada.
The Pelham Zones are part of the Thundercloud gold resource, which the company is advancing in northwest Ontario.
Shares of Dynasty Gold are down 8.20 per cent to C$0.28 as of 11:49 a.m. ET.
Join the discussion: Find out what everybody’s saying about this stock on the Dynasty Gold Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.