VANCOUVER, Nov. 8, 2017 /CNW/ - Dynasty Gold Corp. (TSX-V:
DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is
pleased to announce that it has renewed the Golden Repeat drill
permit by depositing additional bonds with the Bureau of Land
Management ("BLM") in Elko County, Nevada, U.S.A.
The Company's 100-per-cent-owned Golden Repeat claims are
located in the Elko County, in the
most prolific Midas region of Nevada. The Property is located 15 kilometers
west-southwest of Klondex's Midas Mine and 15 kilometres
west-northwest of Klondex's Hollister Mine. The Golden Repeat
claims host many geological similarities with the well-known Midas
epithermal gold-silver mining district. Surface work carried out in
the fall of 2016 has confirmed that the NNW-trending Clover Fault
zone does extend northward from the Clover property (owned by
Waterton, LLP) boundary, through the Golden Repeat property.
The same surface program also identified drill targets that
delineate the Clover Fault zone and tested the high-grade
Midas-style gold-silver mineralization that was found disseminated
in the Clover Rhyolite on the Clover property.
The Company is to grant 1,075,000 five-year incentive stock
options to officers and directors. The options are granted in
accordance with the terms of the Company's stock option plan.
They are exercisable at a price of $0.20, and will vest over a period of 18
months.
The Company's Director, Richard R.
Redfern, M.Sc. and Certified Professional Geologist, a
'qualified person' for the purposes of National Instrument 43-101
Standards of Disclosure for Mineral Properties, has verified the
information contained in this news release.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company
currently focused on gold exploration in North America. 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. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this
release.
SOURCE Dynasty Gold Corp.
