Dynasty Gold starts work at Golden Repeat property, Nevada

Dynasty Gold {TSX.V: DYG} has started new gold target delineation work  on their 100-per-cent-owned Golden Repeat property, located 16 kilometers west of the historic Midas mine,  owned by Klondex Gold Mines Ltd. in the prolific Midas gold camp, Elko county, Nevada.


Dynasty Gold starts work at Golden Repeat property


2016-10-03 09:11 ET – News Release




Ms. Ivy Chong reports

New gold target delineation work has begun on Dynasty Gold Corp.’s 100-per-cent-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 to 1998. Subsequently, Dynasty Gold completed a follow-up exploration and drill program in 2011 to test the Midas-style low sulphidation gold-silver mineralization found in the adjacent Clover property. Some of the best intercepts on the Clover property included 14.78 grams per tonne gold and 25.28 grams per tonne silver over 7.6 metres , including 54 grams per tonne gold and 27.9 grams per tonne of silver over 1.52 metres in hole CV006. Hole CV 12 intersected 20.17 grams per tonne gold over 3.05 metres.


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 grams per tonne gold and 12.6 grams per tonne silver over 1.5 metres in hole GR-05c at 25 metres to 26.5 metres from the surface. These data indicated that the Clover Fault zone of mineralisation continues north onto the Golden Repeat property.


Dynasty’s holes were drilled to test the mineralisation outcropping to the east of the Clover Fault zone. All three holes successfully intercepted gold-silver mineralisation of a style similar to that found on the Clover property. Dynasty’s third hole (DG-3) also intersected 3.4 grams per tonne gold and 44.6 grams per tonne silver over 1.7 metres. This interval was part of a thicker zone of altered and mineralised basalt that averaged 1.14 grams per tonne gold and nine grams per tonne silver over 12.2 metres at a depth of 130 metres. The other two holes also encountered sections of alteration and pyritic mineralisation (please refer to news release of Nov. 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 under way 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 mineralisation found on the Clover property.


The company’s consultant geologist, Richard R. Redfern, MSc, certified professional geologist and 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.


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