Dynasty Gold Drills 163.5 m of 1.0 g/t Including 63 m of 2.1 g/t Gold at Thundercloud
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-11-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Drills 163.5 m of 1.0 g/t Including 63 m of 2.1 g/t Gold at Thundercloud
November 8, 2023
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FSE: D5G1) (OTC: DGDCF)
("Dynasty" or the "Company") is pleased to report f inal drill results from the Phase 1, 2023 drill
program at its Thundercloud property in the Archean Manitou-Stormy Lakes Greenstone belt, 47
kilometers southeast of Dryden in northwestern Ontario.
Drill hole DP23-10 intersected a broad zone of 163. 5 meters of 1.0 g/t at 33 meters from the
surface, including higher grade sub-zone of 63 mete rs at 2.1 g/t and high-grade intervals of 22.5
meters of 4.5 g/t, 7.5 meters of 8.8 g/t and 3 mete rs of 11.2 g/t together with sub-intervals of 1.5
meters each of 20.3 g/t and 28.3 g/t. This hole dem onstrates wide-spread near surface
mineralization in the Pelham Zone with multiple hig her grade intervals. The ten holes reported
for 2023 Phase 1 drilling together with historical holes indicate an open-pit mineable body of
gold mineralization at Thundercloud. The two test h oles drilled in the previously untested areas
of West Pelham also returned mineralization at 21.7 and 45.0 meters from the surface. See Table
1 below.
The Pelham Zone hosts an historic NI 43-101 open-pi t inferred resource of 182,000 ounces of
gold at an average grade of 1.37 g/t (see Press Release of January 4, 2022). Following last year’s
impressive drill results, this year’s drilling cont inued to intersect near-surface broad- and high-
grade gold mineralization. The Company plans to con duct metallurgical testing in the coming
months on core from both the 2022 and the 2023 Phas e 1 drilling to obtain information on
potential ore recoveries.
Ivy Chong, the President and Chief Executive Office r stated: “We are pleased with Phase 1 drill
results. It indicates a strong potential for achiev ing an economic open-pit mineable resource in
the making. The reported ten holes in Phase 1 drill ing have intersected a total of 741.6 meters of
mineralization with average grades ranging from 1.0 g/t to 3.28 g/t. Hole DP23-10 demonstrated
once again our success in expanding the near surfac e mineralization in the Pelham Zone. Over
ninety percent of the property is yet to be drilled , the potential to add tonnage and improve on
grades are enormous in an area where there is excel lent infrastructure to support mine
development. The Company is awaiting assay results of 5 holes drilled in October 2023 from our
Phase 2 drilling program, and will report these results as soon as they are available.”
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-11-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Table 1. Drill Result Highlights
Hole Number From (m) To (m) Interval (m) Avg. Grade
(g/t Au)
DP-23-10 33.0 196.5 163.5 1.0
Including 42.0 103.5 63.0 2.1
Including 52.5 75.0 22.5 4.5
Including 52.5 55.5 3.0 11.2
Including 52.5 54.0 1.5 20.3
And 67.5 75.0 7.5 8.8
Including 70.5 72.0 1.5 28.3
DP23-W01 45.0 57.0 12.0 0.8
DP23-W03 21.7 33.5 11.8 0.6
The true widths of these drill intercepts are not k nown. Core recoveries for these drill intercepts
were approximately 100 percent.
Table 2. Drill Collar and Hole Information for the drill holes in Current Press Release
NAD83 Zone 15
Hole ID Easting Northing Elevation
(m)
Azimuth Dip Depth
(m)
DP23-10 534078 5471330 465 105 -55 210
DP23-W01 533937 5471327 466 235 -45 165
DP23-W03 533901 5471313 474 270 -48 204
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-11-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Figure 1. Pelham Deposit with highlights of Dynasty’s and historical drill holes
Discussion of Drilling Results
/uni25CF The Pelham deposit is an Archean, orogenic, hydrothermal gold deposit that occurs
within a regionally defined East-West trending deformation zone, is open at depth, and
may be subject to repetition parallel to and along other untested structural trends.
/uni25CF Gold mineralization occurs as blebs and stringers of quartz and sulfides with some
coarser veins, in metasomatically altered, silicified, locally sheared, fine- to medium-
grained, Archean, bi-modal, mafic volcanics. The gold is primarily associated with
disseminated to laminated to semi-massive bands of pyrite and lesser pyrrhotite, quartz,
carbonates, chlorite and secondary biotite.
/uni25CF Hole DP23-10 was collared and drilled from the west towards the east, in the central part
of the Pelham Zone, approximately 220 meters southwest from the discovery hole DP22-
03 that assayed 73.5 meters of 8.42 g/t. Hole DP23-10 intersected a broad zone of
mineralization that assayed 163.5 meters of 1.0 g/t at 33 meters from the surface,
including a higher-grade sub-zone of 63 meters of 2.1 g/t, and also including high-grade
intervals of 22.5 meters of 4.5 g/t and 7.5 meters of 8.8 g/t respectively.
/uni25CF Holes DP23-W01 was drilled from east to west and Hole DP23-W03 were drilled from
east to southwest in the untested West Pelham area. Hole DP23-W01 intersected 12
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-11-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
meters of 0.8 g/t from 45 meters from the surface. Hole DP23-W03 intersected 11.8
meters of 0.6 g/t from 21.7 meters from the surface. The core from these holes will be
studied for follow-up in the next drill program.
Quality Assurance & Quality Control
Drilling completed at the Thundercloud property was with NQWL-sized diamond drill core. All
drill holes were logged, photographed, and sample i ntervals were selected by geologists on the
Property, mostly as 1.5 m samples. The drill core w as then cut with a diamond saw, along lines
marked by geologists. Bagged samples were sealed wi th zip ties and transported to ALS Global
Geochemistry Laboratory in Winnipeg, Manitoba, and to Actlab Activation Laboratories Ltd . in
Dryden, Ontario for fire assay. ALS’s ME-ICP61 33 e lements package was used for the
geochemical analyses. Oreas standards and blanks we re inserted into the sample stream to check
on the comparative accuracy of the gold assays rece ived. AA-23 gold fire assays and the 4-acid-
dissolution geochemical analyses were conducted on the samples at the ALS Global
Geochemistry Laboratory in Vancouver, B.C, 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 by James Rogers, P.Geo, an
independent consultant and a Qualified Person as defined by NI 43-101.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian mineral exploratio n 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 C ompany is currently advancing its
Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report,
dated September 27, 2021 can be found on the Compan y’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 mor e 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: [email protected]
This press release contains certain "forward-lookin g statements" that involve a number of risks and un certainties. There can be no
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-11-01
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
assurance that such statements will prove to be acc urate and actual results and future events could di ffer materially from those
anticipated in such statements. The TSX Venture Exc hange has not reviewed and does not accept responsi bility for the adequacy or
accuracy of this release.