Dynasty Reports NI 43-101 Compliant Gold Resource for Thundercloud
Press Release 22-01-01
Trading Symbols: TSX-V: DYG
FWB: D5G
OTC: DGDCF
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Dynasty Reports NI 43-101 Compliant Gold Resource for Thundercloud
January 4, 2022
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty"
or the "Company") is pleased to announce that it ha s received an independent mineral resource
estimate report prepared in accordance with Nationa l Instrument Resource Estimate Disclosure for
Mineral Projects (“NI 43-101”). The report estimate s an Inferred Resource of 182,000 ounces gold
and is confined to the Pelham Zone in the northern part of the Thundercloud gold project located
approximately 47 km southwest of Dryden, Ontario.
The NI 43-101 report was prepared by Fladgate Explo ration Consulting Corporation (“Fladgate”) for
Dynasty based on 66 core holes totaling 12,093 mete rs of historic drilling within the Thundercloud
database. However, approximately twenty (20) drill holes from the 1988 drill campaign were not
included because the drill data could not be locate d. This unavailable drill data represents
approximately 30% of the total drilling in the Pelh am Zone that constitutes less than ten percent
(10%) of the total area of the property.
Cut-off grade Tonnes Au (g/t) Au (Ozs)
0.45 4,140,000 1.37 182,000
“We are encouraged by this resource estimate even t hough 30% of the drill data was not located at
this time,” states Ivy Chong. “The current mineral resource model allows us to focus on identifying
specific targets to drill to potentially expand and increase the resource size. Planning to drill is
underway. We will also look for the remaining 30% d rill data to incorporate in any future resource
estimate.”
About the Pelham Gold Resource
The Pelham Resource of gold mineralization as prese nted by Fladgate is a gold vein deposit in a
fractionated gabbro. Exploration in the Pelham Zone has been completed to a relatively advanced
stage. The gold mineralization in the Pelham area d isplays relatively good continuity, allowing an
estimate of the mineral resource. The gold minerali zation exhibits a very strong lithologic (gabbro-
sediment contact) and structural controls. Gold is present in a variety of styles including: veinlets ,
clots, and disseminated sulphides.
Most of the drill data used to support mineral reso urce calculation in the Pelham Resource was from
drilling carried out by Teck Resources Limited (“Te ck”) and Laurentian Goldfields in 2007 to 2011.
Their drill holes intercepted mineralization at dep ths of up to 350 m below surface. Gold
mineralization has been defined along a strike leng th of 430 m and 150 m down-dip. The
mineralization trends ENE along an azimuth of 075°, dips at 50° to the north and plunges gently at
25° to the ENE.
Press Release 22-01-01
Trading Symbols: TSX-V: DYG
FWB: D5G
OTC: DGDCF
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Mineral resource estimation is well-constrained by three-dimensional wireframes representing
geologically realistic volumes of mineralization. It is reported using economic and technical criteri a
such that the mineral resource has reasonable prosp ects of economic extraction by applying
preliminary economics for potential open pit mining methods but it does not represent an economic
analysis of the deposit. Grade estimation has been performed using an interpolation plan designed to
minimize bias in the average grade and to provide g rade estimates with a variance approximating
those predicted from the variograms models and usin g a selective mining unit (SMU) of 5 m x 5 m x
5 m.
Mineral Resources for the Project was classified un der the 2014 CIM Definition Standards for
Mineral Resources and Mineral Reserves by applicati on of a cut-off grade of 0.45 g/t Au that
incorporated mining and metallurgical recovery para meters. Mineral Resources are constrained to a
pit shell based on commodity prices, metallurgical recoveries and operating costs.
Fladgate Recommendations
Fladgate concludes that further work at Pelham is w arranted to detail identified higher grade areas
therein and to explore for additional potential par allel zones of mineralization in the hangingwall an d
footwall of the known mineralization. Fladgate con fined its comments to the Pelham Resource as
known. For more details, please refer to the Thunde rcloud NI 43-101 Technical report filed on
SEDAR.
Thundercloud Mining Infrastructure and Environment
The property can be accessed by the TransCanada hig hway (Highway 17) approximately 350 km
both ways from Winnipeg airport in Manitoba to the west and Thunder Bay, Ontario to the east, then
by following an 11 km logging road leading to the east entry of the property.
The main trans-continental Canadian Pacific Rail Li ne is 55 km north of the property. Most supplies
and services and accommodation are available in Dry den or along Highway 17. Local experienced
contractors are readily available. Exploration wor k can be done for most of the year, at least to the
onset of the winter. Drilling, however, can occur a ll year round. Power is available along the
TransCanada Highway and adequate water for drilling is available on the property. There are a
number of large operating gold mines in the area as well as several advance-stage developing gold
projects.
Outside the Pelham Zone
Only limited scattered exploration work has been ca rried out on the other 90% of the Thundercloud
property. Work by Teck Resources Limited (“Teck”) in 2007 and 2008 confirmed that
mineralization extends south of the Pelham Zone alo ng the west edge of the QFP and reaches the
West Contact Zone. Previous geochem data returned a nomalous gold values in the eastern and
southern parts of the property that need to be foll owed up. Gabbro hosts the gold mineralization in
the explored part of the Pelham deposit, and simila r appearing mineralization was also discovered in
other parts of the property, but no drilling has followed as yet.
Press Release 22-01-01
Trading Symbols: TSX-V: DYG
FWB: D5G
OTC: DGDCF
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Richard Redfern, a ”qualified person” for the purpo ses of National Instrument 43-101 Standards of
Disclosure for Mineral Properties, has read the NI 43-101 report and reviewed the technical content
contained in this news release.
About the Thundercloud Property
The Thundercloud property is in the Archean Manitou -Stormy Lakes Greenstone belt in Western
Ontario. The geological setting is comparable to th e Abitibi belt in Eastern Ontario but is much less
explored. The belt contains numerous gold showings and several high-grade past mined deposits. In
recent years, close to 30 M oz of gold have been mined and discovered.
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 a greenstone belt in Ontario and in the Midas gold camp in
Nevada. In addition currently, Dynasty owns a 70% i nterest in the Hatu Qi2 gold mine in the Tien
Shan Gold belt, Xinjiang, China, and is in legal di spute with Xinjiang Non-Ferrous Industrial Metals
Group and its subsidiary Western Region Gold Co. Lt d. For more information, please visit the
Company’s websit e 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 res ults and future events could differ materially from those anticipated in such statements. The TSX
Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.