Welcome!

News Feed Item

Dynacor: Tumipampa Channel Sampling in the Disseminated Gold Zone Finds High Anomalous Values With One Sample Grading 19.49 g/t Au and 0.35 oz/t Ag

MONTREAL, QUEBEC -- (Marketwired) -- 08/08/14 -- Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce the first results of an ongoing channel sampling campaign that is targeting an area of the Tumipampa property where disseminated gold mineralization has been recently reported (see Press release dated September 27, 2013) associated with brecciated quartz rock with iron and sulfide mineral inclusions. Three (3) rock chip samples and thirty six (36) channel samples were analyzed and one channel sample graded 19.49 g/t Au and 0.35 oz/t Ag.

Exploration results

In 2014, as announced previously, Dynacor intends to intensify the exploration of an area of the Tumipampa property where disseminated gold mineralization has been found and where only two exploratory drill holes have been drilled to date (see press releases dated September 27, 2013 and February 24, 2014). Drill hole HDD-09-13 intersected a grade of 0.402 g/t over 15.05 meters and drill hole HDD-10-13 intersected a grade of 0.15 g/t Au over 18 meters. The Company has identified 4 large brecciated quartz structures on the Tumipampa property located approximately 2000 meters to the southwest of the Manto Dorado structure and 1000 meters south of Zone IV of the Skarn.

Thirty six channel samples and 3 rock chip samples from brecciated quartz rock are reported here which are part of an extensive 500+ sample campaign that will be carried out during 2014-2015 in order to better understand the geochemistry and geology of this area and define new drilling targets. Of the 36 channel samples 16 (44.4%) had anomalous gold grades (greater than 0.05 g/t - 10 times the background value) with values ranging from 0.054 to 19.49 g/t Au and 5 samples (13.9%) had gold grades greater than 1.0 g/t Au. The channel samples that had anomalous gold values were associated with brecciated quartz rocks with veinlets of iron oxide and pyrite minerals. The three (3) rock chip samples did not return any significant values. The Table 1 presents the results of the 16 anomalous channel samples.

Table 1 16 Significant Channel Samples from the Brecciated Quartzite Rock


----------------------------------------------------------------------------
Sample No.    Type                 Width          Au          Ag          Mo
                            ------------------------------------------------
                                     (m)         g/t         g/t         ppm
----------------------------------------------------------------------------
3701          Channel               1.10       0.218       0.006       11.57
----------------------------------------------------------------------------
3709          Channel                0.6       0.089       0.016        4.35
----------------------------------------------------------------------------
3717          Channel                0.6       1.346       0.035        1.75
----------------------------------------------------------------------------
3718          Channel                0.7       0.115       0.003        0.72
----------------------------------------------------------------------------
3721          Channel                0.8       3.571       0.019        3.39
----------------------------------------------------------------------------
3722          Channel               1.00       1.272       0.543        0.76
----------------------------------------------------------------------------
3723          Channel                0.3       19.49       0.354       20.52
----------------------------------------------------------------------------
3724          Channel                0.5       0.272       0.013        2.26
----------------------------------------------------------------------------
3731          Channel               1.00        0.69       0.167       72.86
----------------------------------------------------------------------------
3732          Channel                0.7       0.078       0.048        6.34
----------------------------------------------------------------------------
3733          Channel                0.6       0.448       0.257        5.75
----------------------------------------------------------------------------
3736          Channel               1.20       0.054       0.003        3.29
----------------------------------------------------------------------------
3737          Channel                0.6        0.06       0.003        2.38
----------------------------------------------------------------------------
3738          Channel                0.6       0.273       0.003        2.02
----------------------------------------------------------------------------
3740          Channel               0.45       3.173        0.01        3.06
----------------------------------------------------------------------------
3741          Channel               0.45       0.059       0.003        4.33
----------------------------------------------------------------------------

Sample Analysis and QA/QC procedures

The samples were sent to the internationally certified laboratory Certimin S.A. for analysis.

Samples were assayed by ICP analysis and for assays greater than 10 g/t Au a gravimetric FAA finish assay is used. Standards, blanks and duplicates are used in the sampling process as part of the QA/QC for all samples. The program, sampling, collection of samples and the QA/QC methodology is implemented and followed by Alonso Sanchez, Chief Geologist for Dynacor Gold Mines, B.Eng. and QP under the American Institute of Professional Geologists (AIPG).

Exploration Outlook

Dynacor has also completed a geophysical survey (IP & Magnetics) of the disseminated gold area and the results of this study will be released shortly as soon as the Company's geologists have finished the interpretation of these results and defined new drilling targets.

In 2014-2015 the Company is planning to invest approximately $ 4.5 million in its Tumipampa property, including the following exploration targets and infrastructure projects:

Exploration


--  Geochemical sampling (more than 500 samples) of the disseminated gold
    mineralized area (underway); 
    
--  Geophysical study (IP & Magnetics) of the disseminated gold mineralized
    area on 12 km2 (done - results to be published shortly) 
    
--  Excavation of a 420-meter extension of the cross-cut towards the Rosa, A
    and Tumi veins; 
    
--  Underground drilling from the extended cross-cut (12 holes - 2000 meters
    in total); 
    
--  Surface drilling targeting disseminated gold targets (5 holes - 1800
    meters in total). 

Infrastructure (all currently underway)


--  Repairing and hardening a 26 km long access road between Anchicha-
    Tumipampa which was constructed in a superficial way in 2003;  
    
--  Improving the dynamite, fossil fuel and waste handling facilities; 
    
--  Installing new worker housing including the use of specially adapted
    containers; 
    
--  Building a new sterile storage area for excavated rock. 

This Press Release has been read and approved by Alonso Sanchez, P. Eng. and Chief Geologist for Dynacor Gold Mines. He acts as the qualified person ("QP") for the Company and is a geologist affiliated to the American Institute of Professional Geologists (AIPG).

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold and silver mineral processing and a gold exploration and mining Corporation active in Peru through its subsidiaries since 1996. The Corporation differentiates itself from pure exploration companies as it also generates income and cash flow from its wholly owned gold mineral processing plant in Peru. The Corporation's assets include three exploration properties, including the Tumipampa property, as well as its now 250 tpd gold and silver mineral processing mill at Huanca. Dynacor's mill produces gold from the processing of mineral purchased from many registered miners. Dynacor's strength and competitive advantage comes with the experience and knowledge the Corporation 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.

Dynacor Gold Mines Inc. (TSX:DNG)

Website: http://www.dynacorgold.com

Twitter: http://twitter.com/DynacorGold

Facebook: www.facebook.com/DynacorGoldMines

Shares outstanding: 36,429,487

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.