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dynasty gold corp (DYG) Snapshot

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52 Week High
09/28/12 - C$0.05
52 Week Low
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Market Cap
2.4M
Average Volume 10 Days
21.2K
EPS TTM
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Shares Outstanding
117.8M
EX-Date
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dynasty gold corp (DYG) Details

Dynasty Gold Corp., a exploration stage company, engages in acquiring, exploring, and developing gold projects in North America and Asia. It holds a 70% interest in the Hatu property located in the Tian Shan metallogenic belt in the Xinjiang province in Northwest China. The company is based in Vancouver, Canada.

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dynasty gold corp (DYG) Key Developments

Dynasty Gold Corp. Announces Results of Successfully Completed Field Program of Due Diligence Sampling on the Strike Property

Dynasty Gold Corp. announced results of a successfully completed field program of due diligence sampling on the Strike Property. The company is proceeding to acquire a 100% interest in the Silver Crown mineral tenures that constitute the gold-silver-copper-lead-zinc Strike Property, located in the prolific Stewart Mining Camp, about 22 kilometers north of Stewart in northern British Columbia. The Property is accessible by the Long Lake Road located east of the Big Missouri mine. The due diligence was designed to test a number of gold-silver and base metal mineralized zones and to identify potential drill targets. The mineralized zones coincide with geophysical anomalies that extend through much of the northern part of the Property. Of those anomalies, a 700 meter-long northwest trending DEEP-EM conductor, identified in 1990, was the most persistent. In addition to gathering 12 rock samples chipped from the mineralized zones, a 77-sample soil sample survey was completed in the northern part of the Property. Rock sample S-12-AR-01, taken from the north portion of the DEEP-EM conductor axis, returned 7.2 g/t in gold and 4395 g/t in silver as well as a significant zinc value. Located about half kilometer to the southeast, rock sample S-12-AR-03B returned 2.98 g/t in gold and 2450 g/t in silver, and is a new anomalous showing not seen in previous sampling campaigns. The soil survey straddled the DEEP-EM conductor axis and consisted of 77 samples gathered at 50 meter intervals along 9 grid lines spaced 100 meters apart. The area sampled was selected on the basis of previous geological, geochemical and geophysical data (from 1989 to 1995). The 2012 survey returned comparatively high anomalous values of gold up to 290 ppb and 60.5 ppm of silver as well as anomalous values in copper, lead and zinc. The high gold, silver and base-metal assays from the 2012 sampling campaign generally corroborate those recorded by previous operators. These results, in conjunction with a detailed study of the rock, soil and drill core data from previous exploration efforts are expected to result in the identification of potential drill targets to intercept possible precious and base metal enriched veins and potential strata-bound polymetallic mineralization at depth, in the northern part of the Property.

Dynasty Gold Appoints Maurice A. Tagami to the Board

Dynasty Gold Corp. announced that Maurice A. Tagami, P. Eng., has joined its Board of Directors effective immediately. Mr. Tagami is currently the President and CEO, and a Director, of Keegan Resources Inc. He was instrumental in advancing their Flagship Esaase gold project in Ghana to pre-feasibility stage and raising over $200 million early this year to develop it. Mr. Tagami has over 30 years of experience in the mining industry and held a number of key executive and senior management positions in junior exploration companies managing green field exploration projects, as well as advanced mining properties prior to joining Keegan Resources in July 2009.

Dynasty Gold Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2011

Dynasty Gold Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the company reported loss before other income of CAD 108,178 against CAD 85,535 in the same period of last year. Net loss and comprehensive loss was CAD 102,583 against CAD 79,485 in the same period of last year. Cash provided by operating activities was CAD 16,635 against CAD 47,877 in the same period of last year. Deferred exploration and evaluation costs were CAD 266,081. For the nine months ended September 30, 2011, the company reported loss before other income of CAD 271,977 against CAD 276,532 in the same period of last year. Net loss and comprehensive loss was CAD 264,169 against CAD 237,329 in the same period of last year. Cash provided by operating activities was CAD 64,275 against CAD 124,781 in the same period of last year. Deferred exploration and evaluation costs were CAD 531,871.

 

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