Dynasty Gold Corp. (TSXV: DYG) has announced assay results from its recently completed diamond drill campaign at its 100%-owned Thundercloud gold project in Northwest Ontario, revealing new mineralization at 323 metres depth in the Pelham Zone and expanded mineralization to 185 metres depth in the South-Pelham Zone. Drill hole DP26-07 intersected gold values up to 6.26 grams per tonne near the bottom of the hole, with the deposit remaining open both along strike and at depth. The results are significant for investors as they suggest the existing gold deposit extends considerably deeper than previously established, potentially supporting an updated NI 43-101 resource estimate.

Key Points

  • Dynasty Gold Corp. (TSXV: DYG) announced drill assay results from its Thundercloud project, located 200 km southeast of Red Lake, Ontario
  • Hole DP26-07 extended Pelham Zone mineralization to 323 metres depth, returning gold values up to 6.26 g/t in five consecutive samples between 315.5m and 323m
  • South-Pelham hole DP26-04 intersected three bands of mineralization at depths of 8m, 80m, and 174m, with the deepest interval open at depth
  • Assay results from holes DP26-06, 8 through 14 remain pending and will be released when available

Pelham Zone Depth Extended by Hole DP26-07 at Thundercloud

Hole DP26-07 was designed to test down-plunge mineralization at the eastern end of the Pelham Zone. The hole successfully extended the known footprint to 323 metres at depth, with five consecutive samples between 315.5 metres and 323 metres returning gold values up to 6.26 g/t. The hole also intersected a 48-metre interval from 213 to 261 metres grading 0.39 g/t gold, including higher-grade subintervals of 2.96 g/t, 2.70 g/t, and 2.06 g/t gold. The company stated that the mineralizing structure remains open at depth, indicating further drilling potential within the Pelham deposit.

South-Pelham Zone Shows Deeper Gold Grades at Thundercloud

Six diamond holes were drilled within South-Pelham to expand near-surface gold mineralization targeting high-value IP signatures. Hole DP26-04 intersected three distinct bands of mineralisation beginning at 8 metres, 80 metres, and 174.5 metres depth, with the deepest band grading 0.81 g/t gold over 10.5 metres, including intercepts of 2.28 g/t and 2.79 g/t. Hole DP26-05 intersected gold mineralisation six metres from surface. The South-Pelham area hosts a 700-metre-long trend of gold-in-soil geochemical anomalies. The company disclosed that additional drilling will be required to determine zone geometry and full potential.

NI 43-101 Resource Estimate Update Anticipated Following Drill Results

President and CEO Ivy Chong stated in the announcement that the high-grade intercepts from this program are expected to increase tonnage and expand the baseline parameters for the next NI 43-101 resource estimate update. The Thundercloud project is located in the Manitou-Stormy Lakes greenstone belt of Northwest Ontario, approximately 47 kilometres southeast of Dryden City. Core recovery was reported as close to 100 per cent. Samples were processed by Actlab in Dryden, Ontario, and all gold values above 5 g/t were re-assayed using gravimetric fire assay methods. The technical disclosure was reviewed and approved by qualified person Peter Holbek, MSc, P.Geo.