Dynasty Gold Received Final Drill Permit and Drilling Has Commenced on Golden Repeat Property in Nevada
27 September 2011 - 6:11AM
Marketwired
Dynasty Gold Corp. (TSX VENTURE: DYG)(FRANKFURT: D5G) ("Dynasty" or
the "Company") is pleased to report that the Bureau of Land
Management in Nevada ("BLM") has provided the final approval of the
drill permit for phase one drilling at the Golden Repeat property
in Nevada. Drilling has commenced as of the date of this press
release. Please refer to the press release on September 22, 2011
for more details on the drill program.
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 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 completed on the property was in 2006.
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.
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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