Trading Symbols: TSX-V: DYG
FWB: D5G
OTC:
DGDCF
VANCOUVER, Oct. 3, 2016 /CNW/ - Dynasty Gold
Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the
"Company") is pleased to announce that the new gold target
delineation work has begun on its 100% owned Golden Repeat
property. Located 16 kilometers west of the historic Midas Mine,
which is owned by Klondex Gold Mines Ltd in the prolific
Midas gold camp in Elko County, Nevada, the Golden Repeat
property is part of the Northern Nevada Rifts volcanic province.
The property is bordered to the North, East and South by the Clover
property, which is owned by Carlin Resources, a subsidiary of
Waterton Global Mining, based in Toronto. The property is
easily accessible by Interstate 80 and the Twin Creeks and Midas
Mine roads which lie 13 kilometers southeast of Newmont's giant
Twin Creeks gold mine.
The property was first drilled by Romarco Minerals in
1997-1998. Subsequently, Dynasty Gold completed a
follow up exploration and drill program in 2011 to test the
Midas-style low sulfidation gold-silver mineralization found in the
adjacent Clover property. Some of the best intercepts on the
Clover property included 14.78 g/t of gold and 25.28 g/t of
silver over 7.6 meters , including 54 g/t of gold and 27.9
g/t of silver over 1.52 meters in hole CV006. Hole CV 12
intersected 20.17 g/t of gold over 3.05 meters.
Romarco's drill holes tested the projected extension northward
of the north-northwest trending Clover Fault zone, which is
interpreted to have fed gold-silver mineralization found to the
south on the Clover property. Several intercepts of gold-silver
mineralization were found in the Romarco drill holes, including
2.41 g/t gold and 12.6 g/t silver over 1.5 meters in hole GR-05c at
25 to 26.5 meters from the surface. These data indicated that the
Clover Fault zone of mineralization continues North on to the
Golden Repeat property.
Dynasty's holes were drilled to test the mineralization
outcropping to the east of the Clover Fault zone. All three holes
successfully intercepted gold-silver mineralization of a style
similar to that found on the Clover Property. Dynasty's third hole
(DG-3) also intersected 3.4 g/t gold and 44.6 g/t silver over
1.7 meters. This interval was part of a thicker zone of altered
and mineralized basalt that averaged 1.14 g/t gold, 9.0 g/t silver
over 12.2 meters at a depth of 130 meters. The other two holes also
encountered sections of alteration and pyritic mineralization
(please refer to news release of November
22, 2011). The results from the Dynasty's drill holes
further demonstrated the extension of the Clover Fault zone
mineralization northward on to the property.
The geologic mapping and sampling program underway is designed
to document the extension of the fault zones northward from the
Clover property boundary, through the Golden Repeat property and
along the Clover veins trend. This is to delineate new drill
targets to test the high-grade Midas-style gold-silver
mineralization found on the Clover property.
The Company's consultant geologist, Richard R. Redfern, M.Sc. and Certified
Professional Geologist, a 'qualified person' for the purposes on
National Instrument 43-101 Standards of Disclosure for Mineral
Properties, has verified and approved the information contained in
this news release, and evaluated the interpretations it
contains.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently
engaging in property review, acquisition, exploration and
development. 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"
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.
SOURCE Dynasty Gold Corp.
