Dynasty Gold Congratulates Hecla Mining on Acquisition of Klondex Gold Mines in the Midas Gold Camp, Nevada
Vancouver, British Columbia (FSCwire) - Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") congratulates Hecla Mining Company (NYSE:HL) on its acquisition of Klondex Mines Ltd. (TSX:KDX), a high-grade Nevada underground gold producer with its Fire Creek, Midas and Hollister mines, located in the prolific Midas gold camp in the Elko County, Nevada.
Hecla’s President and CEO, Phillips S. Baker, Jr., commented “Opportunities to acquire significant land packages along Nevada’s prolific gold trends are very rare. Rarer still are for these land packages to have the highest grade mines in the U.S.”
Dynasty’s 100-per-cent-owned Golden Repeat claims are located in the same Midas gold camp, and it is about 10 miles west-southwest of Klondex's Midas mine and 22 miles west-northwest of Klondex’s Hollister mine. These claims host many geological similarities to the well-known Midas Gold District, known for epithermal, bonanza-style (high grade) gold-and-silver mineralization and has Carlin-style gold potential. Drilling on the adjacent Clover property intersected 14.78 g/t over 7.6 m gold and 25.28 g/t silver, including 54 g/t gold and 27.9 g/t silver over 1.52 m in hole CV-0. Hole CV- 12 intersected 20.17 g/t gold over 3.05 m. These high-grade drill holes are approximately 300 m from the Golden Repeat boundary.
The 2016 field work included mapping and geochem sampling, and an analysis of the Midas style mineralization. This indicated that the NNW-trending Clover Fault zone extends northward into the Golden Repeat Property from the Clover property boundary. It could be part of a mineralized cymoid loop fault system, with a second fault strand to the west, on the Property. Further drilling is needed to follow up the gold-silver mineralization that was found just north of the Clover property.
The Company has received a drill permit in November 2017 from the Bureau of Land Management (“BLM”) in Elko County, Nevada.
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: email@example.com
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.
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Source: Dynasty Gold Corp. (TSX Venture:DYG, OTC Pink:DGDCF, FWB:D5G)
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