Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is pleased to provide an update on the Thundercloud property ("Property") optioned from Teck Resources Limited ("Teck") earlier this year and to announce that Andrew Tims, P.Geo., has been appointed as Project Manager. Dynasty Gold may earn up to a 100% interest in Thundercloud as outlined in the Company's press release of February 1, 2018.
The Property is located in the well-known Wabigoon Greenstone belt in northwestern Ontario, 47 kilometers from Dryden, a resource-based town providing services to mining operations in the area. The area is home to several large scale mining operations, including New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver) and the Treasury Metals Inc. Goliath project (1.1 million oz gold).
The Property hosts a historical resource of 300,000 oz of gold in the Pelham Zone. In a nearby separate zone, the West Contact Zone, trenching returned 8.02 g/t gold over 39 meters on the Armstrong Showing with little follow-up work to date.
The Company is currently reviewing and compiling past exploration data on Thundercloud to define targets to augment the current historical resource and to follow up on the past trenching results. Exploration program details will be announced in the coming weeks.
The upcoming exploration program will be led by Andrew Tims, a seasoned exploration geologist with more than 25 years of experience. Mr. Tims has worked in the gold camps of Kirkland Lake-Timmins and Red Lake including the Wabigoon area of northwestern Ontario where the Thundercloud Property is located. He has worked for major companies such as Teck and Hemlo Gold Mines in the Hemlo gold camp, as well as for junior exploration companies before joining Rainy River Resources in 2006, as a senior exploration geologist until it was taken over by New Gold Inc. in 2013. Mr. Tims was part of the exploration team that expanded the Rainy River resource from 550,000 oz of gold in 2005 to over 6 million oz when it was acquired by New Gold.
Mr. Tims has led and managed a number of successful exploration projects including platinum exploration in the far north of Ontario, kimberlite (diamond) exploration in the Timiskaming structural zone, and volcanogenic massive sulphide exploration in the Abitibi and Wabigoon greenstone belts. Most recently, Mr. Tims worked for the Ontario Geological Survey as the Regional Land-Use Geologist, Mineral Deposits Compilation Geoscientist for northwestern Ontario, and as a Mineral Exploration and Development Consultant dealing with Exploration Plan and Permit applications.
Mr. Tims obtained his B.Sc. in Geology from Carlton University in Ottawa, Ontario, and is a Registered Professional Geologist in Ontario and Manitoba and a Qualified Person under NI 43-101.
"We are delighted to have someone with Andrew's experience and geological knowledge of the region to lead the Thundercloud exploration program," stated Ivy Chong, President and CEO. "His understanding of the geological settings and structural features of the area will contribute to Dynasty Gold's search for similar multi-million ounce gold deposits."
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America. 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, President & CEO
For additional information please contact:
Phone: 604.633.2100. Email:
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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.