Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Starmer says UK to recognize Palestinian state if...
‘Critical’ closed-door congressional huddle focuses on growing antisemitism...
Trump’s CDC pick confirmed—but her pro-vaccine stance may...
Trump pick Emil Bove confirmed as federal judge...
From Gaza to Greenland, Macron breaks with Trump...
Schumer calls on FBI to conduct counterintelligence threat...
Biden ‘Politburo’ member Steve Ricchetti to appear before...
Trump looks to skip G20 summit in South...
Backlash against Sydney Sweeney ‘jeans/genes’ ad gets mocked...
Biden ‘Politburo’ member Steve Ricchetti appears before House...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Dynasty Gold Announces 2024 Annual General Meeting Results and Provides Thundercloud Drilling Update

by admin October 11, 2024
October 11, 2024
Dynasty Gold Announces 2024 Annual General Meeting Results and Provides Thundercloud Drilling Update

Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) (‘Dynasty’ or the ‘Company’) is pleased to report the results from its 2024 annual general meeting held on Friday, Oct. 4, 2024. Total vote counts represent more than 42% of total issued and outstanding shares. All resolutions put forward to the shareholders were approved. The following directors were elected to hold office until the next annual general meeting of the Company:

Ivy Chong99.98%Roman Shklanka99.98%Larry Kornze98.93%Richard Redfern98.92%

Dynasty would like to thank its shareholders for their votes and attendance at the meeting.

Thundercloud Project Progress Update

The Company’s brownfield Thundercloud project is in an emerging gold camp located in the Manitou-Stormy Lake greenstone belt in Ontario, 47 kilometers southeast of Dryden, a city which is equipped with mining amenities. Following a 100% property acquisition from Teck Resources Limited (TECK) in October 2021, the Company launched three drill campaigns between 2022 and 2024 for a total of 7,350 meters. In three consecutive years, drilling intersected broad, shallow high-grade zones of gold including 8.4 g/t over 73.5 meters with 246 g/t over 1.5 meters (DP22-03), and 6.5 g/t over 34 meters (DP22-02) in 2022. In 2023, assay results returned 11.0 g/t over 12 meters (DP23-04) and 7.14 g/t over 14.8 meters (DP23-03). This year, the Company continued to intersect grades as high as 24.53 g/t within a broad zone of mineralization of 5.1 g/t over 18 meters. Additional results are pending.

Based on 2022 and 2023 drill results, an internally generated 3D geological resource model indicated that the NI 43-101 resource estimate (Sept. 27, 2021) can potentially grow by 150%, (more than doubled) and grade can be improved by more than 50% for an open pit resource. This geological resource model does not include 2024 drill results. For more information, please visit the company’s website at www.dynastygoldcorp.com.

Roman Shklanka, Ph.D. (Geology), Director, states: ‘This project looks very promising of becoming a mine, given these grades and shallow intercepts. Large tonnage is not required for profitability. Additional drilling will further define mineralization along strike and at depth to unlock the total property potential.’

What to Expect

More results from the recently completed drill program are expected soon.

An exploratory drill program in the West Contact zone has begun. It aims to further test the currently obtained trench assay of 8.04 g/t over 39 meters. Other drill holes will test area of chargeability highs. These targets are about 500 meters to 1 kilometer south of the Pelham resource where there is no previous drilling. Results are expected in the next few weeks.

Financial Position and Share Ownership

Dynasty maintains a solid financial position with no debt and approximately 61 million shares issued and outstanding. About 40% of the shares are owned by insiders and long-term shareholders. In addition, the founder, executive chairman and largest shareholder of McEwen Mining Inc., and a member of the Mining Hall of Fame, Rob McEwen, owns 9.7% of the Company, as its largest shareholder, adding further strength to its shareholder base.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report, dated Sept. 27, 2021, can be found on the Company’s and SEDAR websites. The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines. For more information, please visit the Company’s website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF Dynasty Gold Corp.

‘Ivy Chong’
_________________________________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226251

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

previous post
Stillwater, USSM Sign MOU to Accelerate US Critical Minerals Supply Chain
next post
Cardiol Therapeutics Announces Closing of US$13.5 Million Public Offering of Common Shares

You may also like

Artemis Gold Ordered to Dismantle Unauthorized Worker Camp...

August 28, 2024

Blackstone Secures $22.6m for Mankayan Copper-Gold Drilling

July 2, 2025

COLDry Fertiliser JV Seed Funding & Working Capital...

December 18, 2024

Charbone Hydrogen Announces Q1 2025 Financial Results

May 30, 2025

Exclusive Interview with Forward Water Technologies CEO Howie...

November 16, 2024

SAGA Metals Extends Claims at the Radar Ti-V-Fe...

May 8, 2025

Coniagas Battery Metals Identifies Cobalt-Copper Concentrates for Processing...

August 6, 2024

Cygnus Metals and Doré Copper Complete Merger, Plan...

January 4, 2025

Top 5 Manganese Reserves by Country

May 2, 2025

Copper Crunch: China’s Stockpiles Depleting, US Demand Rising

May 7, 2025

Recent Posts

  • Starmer says UK to recognize Palestinian state if Israel doesn’t agree to ceasefire, Hamas must ‘disarm’
  • ‘Critical’ closed-door congressional huddle focuses on growing antisemitism in US, Mamdani’s rise
  • Trump’s CDC pick confirmed—but her pro-vaccine stance may clash with RFK Jr.’s agenda
  • Trump pick Emil Bove confirmed as federal judge after furious Democrat walkout, whistleblower complaints
  • From Gaza to Greenland, Macron breaks with Trump on global flashpoints

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (845)
    • Investing (2,651)
    • Politics (3,267)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.