Dynasty Gold Announces Engagement of Ethos Consulting
September 27 2011 - 3:50PM
Marketwired
Dynasty Gold Corp. (TSX VENTURE: DYG)(FRANKFURT: D5G) ("Dynasty" or
the "Company") is pleased to announce the engagement of Ethos
Consulting Ltd. ("Ethos") to perform corporate advisory and
investor relations services for the Company. The contract is for a
six-month period.
The Company has two active exploration programs at Golden Repeat
in Nevada and Opinaca D in northern Quebec. Planned surface work
for 2011 was completed on both properties with assay results
pending. The main objective of this year's surface work was to
confirm and refine drill targets previously identified by Yamana
Gold at Golden Repeat and by Eastmain Resources at Opinaca D.
Drilling has commenced on the Golden Repeat property. For details
of the drill program, please see press release of September 22,
2011.
Ethos' network and contacts in the investing community will open
doors for the Company while it is focusing its effort in advancing
these two projects. Ethos' main focus is to reach out to magazine,
newsletter publishers, institutional investors, analysts, fund
managers and retail investors as well as other key influencers in
the North American investment community. Ethos will coordinate all
efforts necessary to increase market awareness of the Company and
its growth potential. Its principals have assisted numerous North
American small-cap corporations gain coverage and recognition
within the global investment community.
Ivy Chong, President and CEO stated, "We are pleased to have
Ethos as our partner in an Investor Relations capacity. The Ethos
team has a wealth of experience and contacts in our sector. We look
forward to their involvement and support at this important stage of
Dynasty's growth and development."
Under the terms of the agreement and subject to TSX Venture
Exchange approval, Dynasty will pay Ethos C$7,500 per month and
grant 500,000 stock options at an exercise price of C$0.15. Ethos
will assist Dynasty in opening productive and continuing dialogue
with the investment community.
As of the date of this press release, Ethos and its principals,
directly and indirectly, own a total of approximately 200,000
common shares of Dynasty.
About Golden Repeat Property, Nevada, USA
The Golden Repeat property consists of 49 claims located on the
north slope of the Midas Trough, along the Carlin Trend, within the
Northern Nevada Rift. These claims host many geological
similarities to the well-known Midas Gold District. Ten miles to
the east of the property is Newmont's Ken Snyder mine (6.41 million
ounce gold reserves as of 2007 at over 14 g/t), an epithermal,
bonanza-type gold-silver bearing system. Additionally, three major
sediment-hosted gold mines, Barrick's Getchell and Pinson Mines and
Newmont's Twin Creeks Mine, lie 10-15 miles west of the property.
Two distinct targets exist on the property. One is a
volcanic-hosted epithermal occurrence, similar to Newmont's Ken
Snyder deposit. The other is a sediment-hosted, gold mineralization
beneath the tertiary volcanic rocks. The property was drilled by
Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most
recent work completed on the property was in 2006.
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 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.
About Ethos Consulting Ltd.
Based in Vancouver, British Columbia, Ethos Consulting Ltd. was
founded to provide a full range of capital market and investor
relations services personalized to the needs of publicly listed
North American based micro to small-cap companies. Its principals
have assisted numerous North American small-cap corporations gain
coverage and recognition within the global investment community.
For more information on the Company and its projects, please refer
to the website www.ethosir.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.com
www.dynastygoldcorp.com
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