Investor Perception
With a portfolio of brownfield, high-grade gold belongings with hundreds of thousands of {dollars} in exploration expenditures, Dynasty Gold stands other than its friends and affords a compelling funding worth proposition.
Overview
Dynasty Gold (TSX-V:DYG) is a Canadian mineral exploration and improvement firm with two 100-percent-owned gold belongings in Canada and the US: Thundercloud and Golden Repeat.
Dynasty Gold is at present targeted on advancing its key asset, the high-grade Thundercloud gold venture, positioned in Northwest Ontario, Canada, a extremely potential property with important exploration upside. The property was acquired from Teck Assets in 2021, with $10 million in earlier exploration expenditure and an NI 43-101 useful resource estimate accomplished in December 2021.
Its second exploration venture, Golden Repeat, is positioned inside the Midas Gold Camp in Elko County, Nevada. The venture is drill-ready with permits in place.
Established in 2000 and headquartered in Vancouver, British Columbia, Dynasty Gold is led by a extremely skilled administration and technical workforce setting the corporate on a strategic path to success. Larry Kornze, the corporate’s VP of exploration, is credited for the invention of Barrick’s 40 million ounce gold deposit on the Betze Mine, on the Carlin Development in Nevada. Greater than 50 % of the corporate is owned by insiders and long-term shareholders, together with Rob McEwen, Dynasty’s largest shareholder.
Firm Highlights
- Dynasty Gold has two extremely potential, high-grade gold tasks in North America – Thundercloud and Golden Repeat.
- The flagship Thundercloud venture, acquired from Teck Assets in 2021 and with greater than $10 million in earlier exploration expenditures, is the present focus of Dynasty’s exploration and drilling program.
- Drilling and exploration work finished by Dynasty so far has successfully elevated the useful resource at Thundercloud from 187,000 ounces inferred to 232,000 ounces measured and indicated at a excessive grade of 8.04 g/t gold at 3.03 g/t cut-off, a doable open-pit operation. At 0.5 g/t cut-off, the venture hosts 439,000 oz at 2.14 g/t. To this point, greater than 90 % of the drill holes are lower than 250 meters and 90 % of the property has seen little drilling.
- Thundercloud is a brownfield venture with in depth historic knowledge, making it a lower-risk funding in comparison with different greenfield exploration tasks.
- Dynasty’s second asset, the Golden Repeat gold venture, is positioned inside the Midas Gold Camp in Elko County, Nevada. The venture is drill-ready with permits in place.
Key Initiatives
Thundercloud Venture
The Thundercloud gold venture is Dynasty Gold’s flagship asset, positioned within the Archean Manitou-Stormy Lakes Greenstone Belt in Ontario, Canada. The property spans 2,250 hectares and is a part of the Wabigoon Subprovince, which is thought for internet hosting a number of important gold deposits. The venture has been de-risked by the quantity of drilling by Teck Assets within the 2000s. Dynasty has benefited from Teck’s datasets and is ready to expedite its exploration and advance it to the present useful resource inside two years from its maiden drill program on the property.
The venture has seen numerous phases of exploration, together with drilling, geophysics, and floor sampling, all of which spotlight the presence of a high-grade gold deposit. Thundercloud contains two foremost zones – Pelham and West Contact.
The venture space is characterised by a mixture of metavolcanic and metasedimentary rocks, that are beneficial hosts for gold mineralization. The presence of intensive deformation, faulting and hydrothermal alteration inside these rocks suggests a excessive potential for gold deposition. The gold mineralization at Thundercloud is primarily related to shear zones and quartz-carbonate veins, typical of orogenic gold deposits. These kinds of deposits are identified for his or her measurement and high-grade gold potential.
Thundercloud’s high-grade mineralization units it other than neighbouring gold tasks with comparatively decrease grade gold intercepts, together with NexGold’s Goliath and Goldlund gold tasks with a useful resource of 1.5 Moz of gold at 1.5 g/t, and a pair of.3 Moz gold at 1.5 g/t, respectively. NexGold’s comparable market valuation, highlights the market’s underappreciation of Dynasty Gold’s advanced-stage, higher-grade asset.
Historic drilling and exploration at Thundercloud have recognized a number of zones of gold mineralization, with high-grade intercepts suggesting the presence of an intensive gold system. Through the 2022 and 2023 drilling seasons the corporate efficiently elevated its non-compliant inside useful resource estimate to roughly 250,000 oz gold (that is an internally generated new mannequin, which isn’t NI 43-101 compliant). The corporate goals to have an up to date NI 43-101 Useful resource Estimate by the top of the yr.
There are 87 drill holes for a complete of roughly 16,793 meters of drilling inside the Thundercloud database used to help the inner mineral useful resource estimation. Drill holes have intercepted mineralization at depths of as much as 350 m under floor. Gold mineralisation has been outlined alongside a strike size of 430 m and 150 m down-dip.
Pelham Zone
The Pelham Zone is probably the most superior exploration goal inside the Thundercloud venture. It’s 47 m south-east of Dryden in Northwest Ontario. It has been the main focus of a lot of the drilling and exploration efforts as a consequence of its substantial high-grade gold potential. Through the 2022 exploration season, the invention gap DP22-03 returned 8.42 g/t over 73.5 m together with 6.5 m of 72.2 g/t. The zone is characterised by a sequence of east-west trending shear zones containing quartz-carbonate veins with seen gold. These shear zones are hosted inside mafic metavolcanic rocks, which have undergone important hydrothermal alteration.
West Contact Zone
The West Contact Zone is positioned to the southeast of the Pelham Zone. Restricted drilling within the West Contact Zone has encountered gold mineralization related to quartz veins and brecciated zones, with grades akin to these discovered within the Pelham Zone. Additional exploration is deliberate to develop on these preliminary findings. A rock chip sampling program was accomplished within the West Contact zone, an space instantly to the south of the place Teck’s trenching knowledge returned 8.02 g/t gold over 39 meters. The assay outcomes from this system prolonged the mineralization by 30 meters. Complete floor mineralization is 69 meters averaging 5.85 g/t gold. Comply with-up drilling will begin in September and October of this yr.
2024 Summer season and Fall Exploration Program
Dynasty accomplished roughly 2,200 meters of drilling in August 2024 to additional delineate the useful resource. Drilling will proceed in September. Assay outcomes are pending.
Golden Repeat Venture
The corporate owns 100% curiosity within the Golden Repeat gold property located within the Midas area of Nevada. In summer time 2011, Dynasty performed a three-hole check drill program to observe up the Romarco drill program that was performed within the Nineteen Nineties. Assay outcomes returned as much as 3.4 g/t over 1.7 m gold and 44 g/t silver. Little or no drilling has been finished on Golden Repeat.
Administration Crew
Ivy Chong – President, CEO and Director
Ivy Chong has held senior govt positions within the mining and oil and gasoline industries since 1996. She was credited for closing a number of choice and three way partnership agreements with Teck, AngloGold Ashanti, Azimut, Avocet Mining, and plenty of others. Chong has assisted a number of corporations with their IPOs and raised capital for useful resource corporations in Asia, Europe and North America. Previous to getting into the useful resource trade, she labored for the Hong Kong Inventory Change and Deloitte and Touche, LLP.
Roman Shklanka – Director
Roman Shklanka is an explorationist with over 45 years of worldwide expertise within the mining trade. His previous positions embody, chairman of Canico Assets, which was acquired by CVRD (Vale) in 2005; chairman of Sutton Assets, acquired by Barrick Gold Company; and vice-president of exploration for Placer Dome. He was accountable for the acquisition and exploration of quite a few main mines, amongst them the Australian Granny Smith gold mine, Osbourne copper mine and the Kidston gold mine. He has acquired quite a few achievement awards and was inducted into the Canadian Mining Corridor of Fame in 2009.
Larry Kornze – VP Exploration and Director
Larry Kornze brings greater than 30 years of worldwide gold exploration expertise. Kornze was credited with the invention of Barrick’s 40 million ounce gold deposit on the Betze Mine on the Carlin Development in Nevada, within the late 80s. He was a part of Barrick’s workforce accountable for the invention of the Miekle, Deepstar, Screamer and Rodeo deposits in Nevada. Kornze has held positions with Newmont and Getty Mining in North America, previous to becoming a member of Barrick Gold.
Richard Redfern – Director
Richard Redfern is an authorized skilled geologist and “certified particular person” below NI 43-101 and a advisor with 35 years of exploration and mining trade expertise worldwide. He held positions as senior exploration geologist with Barrick Gold in Mexico, VP Exploration for Goldstake Explorations in South Dakota and Australia, and has labored for Homestake Mining within the western United States. Redfern has in depth exploration expertise in gold and porphyry-type prospects within the southwestern US, Mexico and British Columbia. He was instrumental within the latest discovery of the Moly Dome molybdenum-rhenium-gold-silver porphyry deposit in northern Nevada.
