Dynasty Gold Drills; 1.5m of 246g/t, 3m of 101g/t, 12.5m of 25.66g/t, 28.5m of 13g/t, 51m of 7.35g/t Gold
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-2
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Drills; 1.5m of 246g/t, 3m of 101g/t,
12.5m of 25.66g/t, 28.5m of 13g/t, 51m of 7.35g/t Gold
January 16, 2023
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FSE: D5G1) (OTC: DGDCF) ("Dynasty" or the
"Company"), as a result of a review by the British Columbia Securities Commission, is issuing the
following news release to clarify its disclosure an d to provide additional information for its press r elease
issued on January 10, 2023 to comply with NI 43-101 guidelines. All information required under s.3.3( 2)
of NI 43-101 has been added to the reported drill h oles, please see Table 2 below, and the Thunderclou d
resource estimate has been disclosed in accordance with s.3.5 of NI 43-101.
The Company is pleased to release assay results fro m its Phase 1 2022 maiden drill results at the
Thundercloud gold property located 47 kilometres so utheast of Dryden, in northwestern Ontario. Four ne w
angled NQ wireline core holes were drilled in the P elham gold target area, for a total of 987 meters o f
drilling. The assay results from sampling of these holes are reported in Table 1. The drill collar and hole
information are reported in Table 2. These are the best assay results ever reported from Thundercloud, and
constitute new discovery of wide zones and high-gra de gold-bearing quartz veins requiring further
delineation.
Significant Assay Highlights:
• DP22-02 intercepted 1.31 g/t Au over 121.5 m from 102 m;
o Including 15.06 g/t Au over 9 m:
o Including 43.47 g/t Au over 3 m.
• DP22-03 intercepted 7.35 g/t Au over 51 m from 88.5 m;
o Including 13.01 g/t Au over 28.5 m:
o Including 25.66 g/t Au over 12.5 m:
o Including 101 g/t Au over 3 m:
o Including 246 g/t Au over 1.5 m.
• DP22-04 intercepted 0.764 g/t Au over 40.5 meters from 120 m;
o Including 8.61 g/t Au over 3 m:
o Including 25.1 g/t Au over 1.5 m.
Table 1. Assay Results:
Hole ID From (m) To (m) Interval (m) Au (g/t)
DP22-01 9.0
25.5
25.5
30.0
15.5
4.0
0.104
0.269
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-2
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Hole ID From (m) To (m) Interval (m) Au (g/t)
DP22-02
Including
Including
Including
0
77.0
83.0
102.0
189.0
189.0
190.5
77.0
83.0
102.5
223.5
214.5
198.0
193.5
Not sampled
6.0
Not sampled
121.0
25.5
9.0
3.0
0.072
1.31
5.37
15.06
43.47
DP22-03
Including
Including
Including
Including
And
0
88.5
111.0
112.5
118.5
118.5
139.5
148.5
88.5
139.5
139.5
125.0
121.5
120.0
148.5
154.5
Not sampled
51.0
28.5
12.5
3.0
1.5
Not sampled
6.0
7.35
13.01
25.66
101.1
246.0
1.90
DP22-04
Including
Including
0
20.58
120.0
144.0
145.5
20.58
120
160.5
147.0
147.0
Not sampled
Negligible values
40.5
3.0
1.5
0.764
8.61
25.1
Table 2. Drill Collar and Hole Information of Current Press News
Hole ID Easting Northing Elevation
(m)
Azimuth Dip Depth
(m)
DP22-01 534159 5471292 457 20 -46 297
DP22-02 534263 5471425 448 180 -60 300
DP22-03 534264 5471423 448 160 -60 201
DP22-04 534315 5471449 448 192 -67 189
Total
Metres
NAD83 Zone 15 987.00
The true widths of the drilling intercepts are not known. The percentage of the core recovery, for the
drilling intercepts list above is approximately 99 percent.
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-2
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
“We are thrilled with these outstanding results in our first drill program on the property. They are the
highest gold grades, the longest and the widest int ercepts ever drilled on the property. The data wil l assist
in building a structural model for a NI 43-101 reso urce update, and future drill target planning for r esource
expansion,” states Ivy Chong, President and CEO.
These 4 near-surface shallow holes were drilled in the southeastern and south-central portions of the known
Pelham area. The first hole was drilled on the east ern edge of a magnetic low that may represent a fau lt
boundary, with no significant gold mineralization i n it. Holes 2, 3, and 4 were drilled in untested ar eas of
magnetic "highs" identified in the drone magnetic s urvey conducted in summer 2022. These three holes
encountered a new area of locally high-grade gold m ineralization in quartz-veined mafic metavolcanics and
overlying volcanic flow breccias. Quartz-veined roc ks contained up to 246 g/t Au (7.91 ounces per ton)
over a 1.5 m core length. The Company will sample t he entire hole 3 in the coming months. The focus of
the next drill program will be to outline the exten t of the higher-grade gold mineralization away from the
presently disclosed drillholes.
The host rocks at Thundercloud are metamorphosed ma fic volcanic strata of the Wapageisi volcanics and
local overlying flow breccias. These strata are of Neoarchean age. They were intruded by two phases of
intrusive gabbros, that later were transected by fa ults. Much of the low-grade gold mineralization fou nd at
Thundercloud is associated with a "cloud" of dissem inated pyrite. Higher-grade gold mineralization is
found locally with quartz veining and local sulfide enrichments. The Company regards this as gold
mineralized area to be worthy of further drilling. In addition, the property has several other mostly
unexplored areas that show elevated magnetization, and these areas will be explored in the future by t he
Company.
“Current assay results obtained by Dynasty Gold fr om the Thundercloud Property are particularly of
interest in that the results clearly indicate that the Property has potential for both large-tonnage a nd high-
grade vein deposits. Although only four holes were completed, intercepts such as 121 m of 1.31 g/t Au and
101 g/t over 3 m are selected examples of each type with more present in the data set. Additional wor k
obviously is required to establish economics but th e nature of the indicators to date are encouraging, ” said
Roman Shklanka, Director.
The Company thanks its dedicated team, contractors and the First Nations whose efforts have made this
drill program a success. It also likes to acknowle dge the contribution by the Ontario Junior Explorat ion
Program (“OJEP”) to the Company for the $60,000 gra nt towards furthering exploration on Thundercloud.
Quality Assurance & Quality Control
The Company's exploration program was supervised in the field by Richard R. Redfern, M.Sc., CPG. The
core samples were personally delivered by the Georg e Downing Estate drillers from the drill rig to Dyn asty
personnel at the Company's field office in Dinorwic , Ontario, where they were logged geologically and
sample intervals selected. The cores were securely transported to Dryden, Ontario and diamond sawed in
the presence of the Company's consulting engineer, Dr. Bing Wang, Ph.D. P.Eng. The samples were
personally delivered in two batches to the ALS Global Geochemistry Laboratory in Winnipeg, Manitoba by
Redfern for holes 1 and 2, and by Bing Wang for holes 3 and 4 for processing.
Dynasty used ALS Global for Au-AA23 gold fire assays and the ME-ICP61 33 multi-elements packages for
the minor element analyses. Oreas standards and bla nks were inserted into the sample stream to check o n
the comparative accuracy of the gold assays receive d. Gold fire assays and 4-acid-dissolution geochem
analyses were conducted on the samples at the ALS G lobal Geochemistry Laboratory in Vancouver, B.C,
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-2
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
and all gold values higher than 10 g/t were re-assayed by using Au-GRA21 gravimetric fire assays.
The technical information in this release has been reviewed and approved by Richard R Redfern, M.Sc.,
CPG, a director of Dynasty Gold and a Qualified Person as defined by NI 43-101.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian exploration compan y 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 deposit which contains an
inferred resource of 182,000 ounces gold at 1.37 g/ t (NI 43-101 Independent Technical Report,
Thundercloud Property Northwestern Ontario, September 27th , 2021). The report and the press release with
details on the resource can also be found on the Co mpany's website. 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. In addition, Dynasty owns a 70% interest in the Hatu Qi2 gold mine in the Tien Shan Gold belt,
Xinjiang, China, with which it is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its
subsidiary Western Region Gold Co. Ltd. For more i nformation, 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: [email protected]
This press release contains certain "forward-lookin g statements" that involve a number of risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual res ults
and future events could differ materially from thos e anticipated in such statements. The TSX Venture
Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.