DYG Dynasty Gold Corp

Dynasty Gold Corp. (TSX VENTURE:DYG)(FRANKFURT:D5G) ("Dynasty" or the "Company")
is pleased to provide an update on its Golden Repeat exploration program in
Nevada first announced on May 10, 2011. Dynasty Gold's geological team led by
Larry Kornze, the Vice President of Exploration, visited the Golden Repeat
property on June 15, 2011. A favorable assessment of the current situation by
the team in regard to the exploration plan has enabled the Company to kick-off
the surface exploration effort on July 7. The surface work consists of mapping,
data compilation, geochemistry, and geophysics over the entire property. The
main objectives of this surface work are to refine the existing drill targets
and to identify additional drill targets on the property. 


The Company has submitted a permit application to the Bureau of Land Management
in Elko County to drill on the property. The first phase of drilling will
consist of 1,230 meters on the targets previously identified by Yamana Gold and
confirmed by Dynasty Gold's geological team (Stockwatch May 10, 2011). The
Bureau of Land Management approved the original drill plan in 2007 when Yamana
Gold first submitted it. The permitting process for Dynasty Gold's resubmission
is expected to take between six to eight weeks. The Company is also in the
process of securing a drill rig in anticipation of the drill permit approval.


Richard Jones, P. Geo, a senior geologist with 28 years of experience in mineral
exploration, geological engineering and mine management in Nevada, has been
engaged to lead the Golden Repeat exploration program. Most recently, Richard
has worked in the nearby Hollister Mine (35 km South East of Golden Repeat). He
specializes in geological interpretation of geochemical and geophysics data, the
logging of core and, ore reserve calculations. Richard has a Master of Science
degree in Geology from Queen's University in Kingston, Ontario. "We are very
happy to bring a person with Richard's background and experience on board to
lead Golden Repeat's exploration program," stated Larry Kornze, Vice President
of Exploration and a director. "We believe the surface work on the property will
provide the Company with further information on the existing drill targets and
possibility of adding new drill targets."


The Company further announces the granting of 3,000,000 stock options at $0.10
exercisable over a five-year period to directors, officers, consultants and
advisors. The stock options grant is subject to the TSX Venture Exchange's
approval. 


About Golden Repeat Property

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 14g/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 done on the property was in 2006.



About Opinaca D Property

Opinaca D is the other property that the Company is currently finalizing its
2011 exploration program.


The Opinaca D property consists of 188 claims over a surface area of 98 km2. It
is situated in the emerging Eleonore gold camp in the James Bay region of
Quebec, 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. 


Extensive surface exploration work done by Eastmain Resources between 2005 and
2008 has identified a number of sediment-hosted gold targets, similar to
Goldcorp's Eleonore deposit in geological setting. Twelve drill targets were
identified by VTEM and four coincided with significant geochemistry anomalies.


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. 


About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian gold exploration company currently focused on
gold exploration in North American. 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. 


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.

Dynasty Gold (TSXV:DYG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Dynasty Gold (TSXV:DYG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024