- The initial phase of the 2024 drilling program, held in July, hit multiple high-grade intercepts over 2,198 meters at the company’s flagship Thundercloud property in Ontario.
- Assay results confirmed the high-grade mineralization discovered in 2022 and 2023 to the east of the Pelham Zone, and the presence of a strong gold system on the property.
- Consistent high-grade mineralization was intercepted, between 5 to 8+ g/t and going as high as 24.53 g/t, at less than 100 meters below the surface.
- The fall drilling campaign is set to commence before the end of September.
Dynasty (TSX.V: DYG) (OTC: DGDCF), a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada, released assay results for the initial phase of the 2024 drill program at its flagship Thundercloud property. Held in July, phase one of the 2024 drill program comprised 2,198 meters for Thundercloud, which is located in one of the most prolific mining areas in North America – in the Archean Manitou-Stormy Lakes Greenstone belt, 47 kilometers southeast of Dryden in northwestern Ontario.
According to a company press release, the goal of the July drilling campaign was to test extensions for eastern and western limits of the already defined mineralization (https://ibn.fm/tIJDH). The drilling campaign successfully intersected high-grade gold mineralization of 5.13 g/t over 18 meters (from 97.5m to 115.5m), including 9.3 g/t over 4.5 meters and numerous 5 to 8+ g/t over 1.5m in hole number TC24-02. Most holes were shallow within 200 meters of surface.
Assay results for an additional 30 meters are still pending, but results so far confirm the existence of high-grade mineralization discovered in 2022 and 2023 extending to the east of the Pelham Zone, with consistent high grade mineralization between 5 to 8+ g/t and going as high as 24.53 g/t, at less than 100 meters below the surface. The results confirm the existence of a strong gold system on the property, favorable for more gold discovery during upcoming drill programs.
The drilling program also intersected broad zones of lower grade gold mineralization, with grades up for 1.73 g/t from 25 meters below surface with intercepts between 50 and 136 meters in length.
Highlights of the July 2024 Drilling Campaign
- Hole TC24-02:
10.62g/t over 1.5m between 100.5m and 102m
24.53 g/t over 1.5m between 112.5m and 114m
- Hole TC24-04:
13.29 g/t over 1.5m between 169.5m and 171m
8.73 g/t over 1.5m between 172.5m and 174m
- Hole TC24-11:
6.23 g/t over 1.5m between 196.5m and 198m
5.54 g/t over 1.5m between 202.5m and 204m
- Hole TC24-13:
5.6 g/t over 1.5 m between 93m and 94.5m
6.69 g/t over 1.5m between 94.5m and 96m
- Hole TC24-14:
1.25 g/t over 9m between 49.5m and 58.5m
“Since our first drill program on Thundercloud in 2022, July of 2024 drilling continued to intersect broad zones of near-surface mineralization with extensive high-grade intervals in most holes. This demonstrates the richness of the gold system on the property for potentially high-grade and bulk-tonnage mineralization,” said Ivy Chong, President and CEO of Dynasty Gold.
The July campaign results further establish the continuity of mineralization at Pelham over a strike length of 450 meters and at 150 to 200 meter depth. Overall, three holes were drilled 300 meters west of Pelham, in an area with historic exploration pits and historic drilling that reported intercepts of up to 30.6 grams over 0.77 meters. However, no significant mineralization was intersected in these holes, which is likely because of their location within footwall of the north dipping mineralization.
With more than sufficient funding for its 20024 and 2025 exploration programs, Dynasty Gold is now set to commence fall drilling at the Thundercloud property, before the end of September, to test the remaining 90% of the property untested by drilling. This area has huge potential for more gold discovery. “During the fall exploration program, we will continue to drill to expand Pelham Resource along strike and at depth, simultaneously expand our footprint to the remaining untested 90% of the property,” Chong said.
For more information about the company, visit www.DynastyGoldCorp.com, and see its Investor Presentation at https://ibn.fm/WR6yZ.
NOTE TO INVESTORS: The latest news and updates relating to DGDCF are available in the company’s newsroom at https://ibn.fm/DGDCF
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