Resource World Magazine

44 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 8 Good first pass gold values for Dynasty Gold; drilling planned by Ellsworth Dickson DYNASTY GOLD CORP. [DYG-TSXV; DGDCD-OTC; D5G-FSE] is a junior explo- ration company with a portfolio of three gold properties. Its flagship project, the Thundercloud gold project, located in the central Wabigoon greenstone belt, 47 km southeast of Dryden, northwest - ern Ontario, was optioned from Teck Resources Ltd. [TECK.B-TSX; TECK-NYSE] in February of this year. The Thundercloud property is in an underexplored geological setting of the central Wabigoon greenstone belt that is very analogous to the major Abitibi camps in eastern Ontario which have been much more explored and studied. The local set - ting is a basal Mg-rich Tholeiitic basaltic of the Wagagesi Lake Groups unconformably overlain by sediments and felsic volcanics of the Stormy Lake Group. Another key feature is the presence of the high level Thundercloud quartz-feldspar porphyry with overlying felsic volcanic flows. This late Thundercloud intrusive/volcanic complex appears spatially and temporally related to known gold mineralization on the property. A fractionated mafic gabbro hosts the Pelham mineralization in the central part of the area. Two known mineralized zones were dis - covered by Teck in 2007 – the Pelham and the West Contact zones. Previous explora- tion by Teck and others have returned the following drill results in the Pelham Zone: 113.0 metres grading 1.72 g/t gold (88-10); 60.30 metres of 1.46 g/t gold (88-05); 55.25 metres of 2.19 g/t gold (TC08-11), includ - ing 1 metre of 37.5 g/t gold, 9.34 metres of 7.91 g/t gold and 21.73 metres of 4.63 g/t gold, among other encouraging results. In 2011, Fladgate Exploration Consulting created a 3D resource model for the Pelham Zone that gave an estimated potential of 300,000 ounces gold with a grade of 1.6 g/t, using a 0.5 g/t gold cut- off grade. This initial resource estimate was developed for targeting purposes and it is not NI 43-101 compliant. In 2007, in the West Contact Zone, a channel sampling program in the Trench 07-02 area returned 8.02 g/t gold over 39.0 metres including an impressive 89.4 g/t over 3 metres. This year, Dynasty con - ducted follow-up sampling immediately south of Trench 07-02 where chip samples returned 3.03 g/t gold over 30 metres of the Glatz outcrop. This extends the zone of significant gold mineralization to 69 metres, and remains open. Dynasty Gold will conduct a fall-winter 2018 exploration and drill program focus - ing on six drill targets. The proposed program will first focus on trenching in the West Contact area, centring on the Glatz outcrop. The second trench target is 400 metres to the south where previous rock chip sampling returned up to 9.42 g/t gold. The goal is to extend known miner - alization and confirm the potential drill targets. Following trenching, a minimum of three follow-up diamond drill holes are estimated for each of the trenched areas

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