Dynasty Gold (TSXV: DYG) has been busy over in Ontario, Canada, with its ongoing 2024 drilling programme at the company’s Thundercloud property, which is set to deliver its first results within the next two to three weeks. With over 5,000m of drilling planned, the initial eight drill holes covering 1,320m have already been completed, leaving 3,700m outstanding.
The summer 2023 drilling programme produced promising results, notably, the gold grades near surface, making them suitable for open-pit mining. Highlights from the 2023 summer programme include:
- 70m at 3.2g/t (just 77m below the surface)
- 43m at 5g/t
- 12m at 11g/t
The first results from the 2024 drilling programme, conducted in the core zone with high expectations, are eagerly anticipated.
Additionally, Teck Resources has provided new historical data valued at C$10M, indicating the potential presence of high gold grades ranging from 20g/t to 106g/t in additional core areas. These targets will be tested as part of Dynasty’s 2024 drilling programme.
The January 2023 drilling results from the Thundercloud property triggered a significant share price surge and a complete revaluation. Peak values of 246g/t, along with 21m at 25g/t and 73m at 8.4g/t (just 88m below the surface), propelled the share price from C$0.10 to a peak of C$0.48 within minutes.
The exceptionally high gold grades also attracted well-known mining investor Rob McEwen. McEwen, regarded as one of the most successful investors and entrepreneurs in the gold mining sector, founded Goldcorp, which grew its market value from C$50M to over C$8B. More recently, he gained attention with his investment in Great Bear.
Overall, Dynasty Gold is a strong candidate for a potential price surge. The ongoing weakness in the junior mining sector presents a unique buying opportunity. Recent drilling results have been excellent, with significant gold grades suitable for open-pit production. Typically, a minimum of 1g/t gold is required, but Dynasty has far exceeded this with grades such as 3.2g/t over 70m and 8.4g/t over 73.5m (just 88m below the surface).
To read more about this, please visit www.dynastygoldcorp.com
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