Click here to close now.




















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
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, answered that question citing examples, showing how to create opportunities for ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...