Dynasty Gold Intersects Bonanza Gold Grades of 246 g/t over 1.5 m, 101 g/t over 3 m, 43.47 g/t over 3 m, 25.66 g/t over 12.5 m, 13.01 g/t over 28.5 m, 7.35 g/t over 51 m at Thundercloud
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-1
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Intersects Bonanza Gold Grades of 246 g/t over 1.5 m,
101 g/t over 3 m, 43.47 g/t over 3 m, 25.66 g/t over 12.5 m,
13.01 g/t over 28.5 m, 7.35 g/t over 51 m at Thundercloud
January 10, 2023
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FSE: D5G1) (OTC: DGDCF)
("Dynasty" or the "Company") is pleased to release assay results from its Phase 1 2022 maiden
drill campaign at the Thundercloud gold property lo cated 47 kilometres southeast of Dryden, in
northwestern Ontario. These are the best assay resu lts 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 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, contains the longest
intercepts with the highest gold grades to date;
o Including 13.01 g/t Au over 28.5m:
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.
Assay Results:
Hole ID From (m) To (m) Interval (m) Au (g/t)
DP22-01 9.0
25.5
30.0
25.5
30.0
252.0
15.5
4.5
222.0
0.104
0.269
0.0815
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-1
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
102.0
223.50
214.5
198.0
193.5
Not sampled
5.0
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
147.0
20.58
120
160.5
147.0
148.5
Not sampled
Negligible values
40.5
3.0
1.5
0.764
8.61
25.1
“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 intercepts ever drilled at the property. These
drill results indicate a much bigger resource potential with higher grades at Thundercloud. The data
will assist in building a structural model for a NI 43-101 resource update, and future drill target
planning for resource 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 o n the eastern edge of a magnetic low that may
represent a fault boundary, with no significant gol d mineralization in it. Holes 2, 3, and 4 were
drilled in untested areas of magnetic “highs” ident ified in the drone magnetic survey conducted in
summer 2022. These three holes discovered a new are a of very high-grade gold mineralization in
quartz-veined mafic metavolcanics and overlying vol canic flow breccias (“conglomerates”).
Quartz-veined rocks contained up to 246 g/t Au (7.9 1 ounces per ton) over a 1.5 m core length.
The Company will sample the entire hole 3 in the co ming months. The focus of the next drill
program will be to outline the extent of this high grade mineralization in previously unexplored
areas.
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-1
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
The host rocks at Thundercloud are metamorphosed ma fic volcanic strata and local overlying flow
breccias intruded by two phases of intrusive gabbro s. Much of the low-grade gold mineralization
found at Thundercloud is associated with a “cloud” of disseminated pyrite. Higher-grade gold
mineralization is found locally with quartz veining and local sulfide enrichments. The Company
regards this as a previously unexplored zone of hig h-grade gold mineralization worthy of further
drilling. In addition, the property has several oth er mostly unexplored areas of high magnetization
that could be explored in the future.
“Current assay results obtained by Dynasty Gold fro m the Thundercloud Property are particularly
of interest in that the results clearly indicate th at the Property has potential for both large-tonnag e
with high-grade and vein deposits. Although only fo ur holes were completed, intercepts such as
121 m of 1.31 g/t Au and 101 g/t over 3 m are selec ted examples of each type with more present in
the data set. Additional work obviously is required to establish economics but the nature of the
indicators to date are encouraging,” said Roman Shk lanka, 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 ack nowledge the contribution by the Ontario Junior
Exploration Program (“OJEP”) to the Company for the $60,000 grant 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 George Downing Estate drillers from the
drill rig to Dynasty personnel at the Company’s fie ld office in Dinorwic, Ontario, where they were
logged geologically and sample intervals selected. The cores were securely transported and
diamond sawed in the presence of the Company’s cons ulting engineer, Dr. Bing Wang, Ph.D.
P.Eng., and personally delivered to the ALS Global Geochemistry Laboratory in Winnipeg,
Manitoba by Redfern and Wang for processing. ME-ICP 61 33 elements package was used for
assaying. Oreas standards and blanks were inserted into the sample stream to check on the
comparative accuracy of the gold assays received. 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, 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
182,000 oz gold. The 43-101 Mineral Resource report and related press release with details on the reso urce
are available on the Company's website and were fil ed on www.sedar.com . The 100% owned Golden
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 23-01-1
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
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 i n legal dispute with Xinjiang Non-Ferrous Industria l
Metals Group and its subsidiary Western Region Gold Co. Ltd. For more 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
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.