Most of the drilling was done in a small part of the Pelham Zone. The NI 43-101 report prepared by Fladgate Exploration Consulting Corporation ("Fladgate") for Dynasty based on 66 core holes totaling 12,093 meters of historic drilling estimates an Inferred Resource of 182,000 ounces gold at 1.37 g/t for Pelham Zone.
The Pelham Resource of gold mineralization as presented 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 displays relatively good continuity, allowing an estimate of the mineral resource. The gold mineralization 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 resource calculation in the Pelham Resource was from drilling carried out by Teck Resources Limited ("Teck") and Laurentian Goldfields in 2007 to 2011. Their drill holes intercepted mineralization at depths of up to 350 m below surface. Gold mineralization has been defined along a strike length of 430 m and 150 m down-dip.
Highlights of drill results from historic work and the recent drilling by Teck (2007 and 2008) and Laurentian Goldfields (2011) include:
- 113.0 m @ 1.72 g/t Au (88-10)
- 60.30 m @ 1.46 g/t Au (88-05)
- 55.25 m @ 2.19 g/t Au (TC08-11), including 1 m @ 37.5 g/t Au, 9.34 m @ 7.91 g/t Au and 21.73 m @ 4.63 g/t Au
- 29.66 m @ 0.77 g/t Au including 9.04 m @ 2.20 g/t Au (TC08-09)
- 68.8 m @ 1.55 g/t Au (TC11-001)
- 81.0 m @ 1.31 g/t Au (TC11-006)
The highest grade from historical drilling returned up to 192.7 g/t gold over 0.55 meters.
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