Dynasty Gold Completes Surface Exploration Program at the Opinaca D Property in Northern Quebec
October 05 2011 - 8:30AM
Marketwired
Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT: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
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.
Contacts: Dynasty Gold Corp Vancouver Office: Ivy Chong
604-633-2100 (604) 484-3559
(FAX)ichong@dynastygoldcorp.comwww.dynastygoldcorp.com Investor
Relations: Scott McCormick Toll Free:
1-888-818-1365scott@ethosir.com
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