Dynasty Gold Appoints Chief Financial Officer
September 1, 2011
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) ("Dynasty" or the "Company") is pleased to announce that Anthony Jackson has joined the Company as the Chief Financial Officer. Anthony Jackson is a Principal at BridgeMark Financial Corp. providing financial solutions to developing and mature stage companies in all industries and sectors. Specifically, he has been involved in providing these companies with financial solutions including accounting, tax and corporate finance support.
Prior to his engagement at BridgeMark Financial, Anthony spent a number of years working at Ernst & Young LLP before joining a boutique investment banking firm as a senior analyst. During this time, he worked with a diverse group of public and private companies in a variety of industries including mining, biotechnology, technology and manufacturing.
Anthony holds a Bachelor of Business Administration degree from the Simon Fraser University, and a professional designation of Chartered Accountant (CA). He is a member of the British Columbia and Canadian Institute of Chartered Accountants.
“Anthony’s broad range of skills will be an asset to the Company in further strengthening our management team as we advance our two new gold projects, Golden Repeat in Nevada and Opinaca D in Northern Quebec” commented Ivy Chong, President and CEO “This is a very exciting year for the Company, we have met the major goals that we set out to accomplish at the beginning of the year and we are continuing our effort to grow the Company with a strong management team and two promising projects”.
About Golden Repeat Property
The Golden Repeat property consists of 49 claims located on the north slope of the Midas Trough, along the Carlin Trend, within the Northern Nevada Rift. These claims host many geological similarities to the well-known Midas Gold District. Ten miles to the east of the property is Newmont’s Ken Snyder mine (6.41 million ounce gold reserves as of 2007 at over 14g/t), an epithermal, bonanza-type gold-silver bearing system. Additionally, three major sediment-hosted gold mines, Barrick’s Getchell and Pinson Mines and Newmont’s Twin Creeks Mine, lie 10-15 miles west of the property. Two distinct targets exist on the property. One is a volcanic-hosted epithermal occurrence, similar to Newmont’s Ken Snyder deposit. The other is a sediment-hosted, gold mineralization beneath the tertiary volcanic rocks. The property was drilled by Goldfields in 1992 to 1994 and Romarco in 1997/1998. The most recent work completed on the property was in 2006.
About Opinaca D Property
The Opinaca D property consists of 188 claims over a surface area of 98 km2 and sits on the Eastmain Greenstone gold belt. The property is located about 14 km northwest of Goldcorp’s Eleonore deposit. The Eleonore deposit hosts over 3 million ounces of gold reserves at a grade of 7.56 g/t gold, and over 4 million ounces of inferred resources at a grade of over 10 g/t gold. Goldcorp is currently investing $1.4 billion to build an underground mine to produce 600,000 ounces of gold from 2014. The Eleonore mine will contribute 22% of Goldcorp’s total gold production. Dynasty’s Opinaca D property will benefit from Goldcorp’s infrastructure building in the area. In particular, a planned 60 km road, providing access to the Eleonore property, will directly crosscut the Opinaca D property. Major access to the region includes a north-south paved highway (LG2) extending from Matagami to Radisson.
Extensive surface exploration work done by Eastmain Resources between 2005 and 2008 has identified a number of sediment–hosted gold occurrences, similar to Goldcorp’s Eleonore deposit in geological setting. Twelve drill targets were identified by Airborne VTEM (Versatile Time- Domain Electro Magnetics) and four coincided with significant geochemistry anomalies.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North American. Two active exploration programs in Nevada US and Quebec, Canada are underway. For more information on the Company and its projects, please refer to the 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: [email protected]
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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.