- Dynasty Gold Corp. (DYG) has begun its summer 2022 exploration program on its wholly-owned Thundercloud Gold Property
- The field program will begin with a detailed, high resolution, drone-supported airborne magnetic survey
- The survey will involve about 200-line kilometres of flying at 50 metre-spacing
- Dynasty Gold Corp. is a Canadian exploration company
- Dynasty Gold Corp. was up 4.545 per cent, trading at $0.115 at 1:13 PM ET
Dynasty Gold Corp. (DYG) has commenced its summer 2022 exploration program on the Thundercloud Gold Property.
The property is located 47 kilometres southwest of Dryden, in Northwest, Ontario.
The field program will begin with a detailed, high-resolution, drone-supported airborne magnetic survey over the Pelham and West Contact zone exploration areas and is expected to start in early/mid-July 2022.
Pioneer Exploration, a leading geophysical contractor specializing in unmanned aerial surveys, has been contracted to carry out the work.
It will involve approximately 200-line kilometres of flying at 50 metre-spacing, centred on a mineralized corridor defined by Teck Resources Limited’s earlier exploration work.
The new magnetic survey is expected to improve historical geophysical surveys that were conducted along relatively widely spaced survey lines and, in the case of the Pelham area, were sub-parallel to known mineralized structures.
New airborne magnetic survey data together with past trenching data is expected to generate new drill targets in the West Contact Zone and define the geometry of the magnetic units associated with the gold mineralization at Pelham.
The new geophysical data will also assist in prioritising drill targets in the Pelham Zone.
In the West Contact Area south of Pelham, and time permitting, the second phase of drilling, which is expected to be about 1500 metres, will test new mineralization located by trenching in 2021 and several untested Induced Polarization anomalies with coincident gold-in-soil positive geochemical anomalous zones.
Dynasty Gold Corp. is a Canadian 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.
Dynasty Gold Corp. was up 4.545 per cent, trading at $0.115 at 1:13 PM ET.