Dynacor Announces a New Major Exploration Campaign on its High Grade Gold Tumipampa Project
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 02/25/15 -- Dynacor Gold Mines Inc. (TSX: DNG)(OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that based on the discovery of high grade gold structures at Tumipampa and the very promising exploration results obtained over the past 24 months it has decided to fast track the exploration of this property (see the following Press Releases: July 16, 2013 - ; August 8, 2014 - ; November 17, 2014 - ).
This new 18 month Exploration Campaign will involve both underground excavation of cross-cuts, drifts and chimneys and underground drilling as well as diamond drilling of priority targets from the surface and the continuation of the sampling program of the six (6) chargeability anomalies in the disseminated gold zone at Tumipampa.
Underground Exploration and Drilling
Surface Exploration and Drilling
Jean Martineau is very optimistic on the potential of the Tumipampa property and has stated "we have decided that based on the results that we have obtained so far and the high grade gold mineralized structures that we have discovered we need to accelerate the exploration of this incredible property. We trust that with all the underground exploration and drilling planned for the next 18 months we should be able to begin to define gold, silver and copper resources at Tumipampa. Furthermore, it is important to underline that the exploration methodology we have chosen i.e. excavation of cross-cuts (2.5mx3.0m), drifts and chimneys should enable us to begin mining much sooner than in the case of a traditional approach which involves an exploration campaign based on extensive and systematic diamond drilling from the surface. Exploration results will be published on a regular basis in the coming quarters".
This press release has been read and approved by Alonso Sanchez, qualified person for the company, geologist affiliated with the American Institute of Professional Geologists (AIPG).
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration company active in Peru since 1996. The Company differentiates itself from pure exploration companies as it generates income from its wholly owned ore processing plant. Dynacor's basic share count at 36.2 million outstanding is in the lowest quartile of the resource sector. The Company's assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85,000 TPA gold and silver ore processing mill at Huanca. The Company's strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
Shares outstanding: 36 245 111
Dynacor Gold Mines Inc. (TSX: DNG)
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Contacts:
Jean Martineau
President and CEO
Dynacor Gold Mines Inc.
514-393-9000 Ext. 228
Dale Nejmeldeen
Investor Relations
Dynacor Gold Mines Inc.
604.492.0099 M: 604.562.1348
604.608.9223 (FAX)
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Datum: 25.02.2015 - 13:37 Uhr
Sprache: Deutsch
News-ID 374113
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MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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