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

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
[email protected]

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
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...