Dynasty Metals & Mining Inc. Reports Significant Gold and Silver Values at Copper Duke Project in Ecuador

Strategic Insights -

Exploration at Dynasty Metals & Mining Inc.'s Copper Duke Project in Ecuador has yielded significant gold and silver values, with assay results ranging from 34.0 grams per tonne (g/t) gold to 0.1 g/t gold and 249 g/t silver to 0.4 g/t silver over widths of 2.2 metres to 0.2 metres. The project, a 10 km x 5 km porphyry-style system, lies within the Company's wholly-owned 90 km x 20 km Dynasty Copper-Gold Belt in southern Ecuador. The results are from 61 channel rock chip samples taken over an area of 3 km x 2.5 km on epithermal vein swarms at Huato.

Key Takeaways:

  • Channel sampling at the Huato area of the Copper Duke Project has returned significant gold and silver values, with assay results ranging from 34.0 g/t gold to 0.1 g/t gold and 249 g/t silver to 0.4 g/t silver.
  • The project has identified a large, disseminated gold stockwork that appears to be closely related to the veining at Huato, with 12 widespread channel samples averaging 1.1 g/t gold from an average sample width of 6 metres.
  • Initial channel sampling of a copper-gold-molybdenum anomaly in leached altered porphyritic andesite has returned average assays of 0.1% copper and 20 parts per million (ppm) molybdenum over an average width of 10 m from 25 samples.
  • Soil sampling has identified anomalous gold in concentrations in excess of 40 parts per billion (ppb) over an area approximately 1.8 km long and up to 1 km wide, including broad, high-grade zones with grades averaging 585 ppb gold over a width of 400 m.
  • The Company's Exploration Manager, Greg Whitfield, supervised the exploration and is responsible for the preparation of technical information in this news release.

Statistics:

  • 61 channel rock chip samples were taken over an area of 3 km x 2.5 km on epithermal vein swarms at Huato.
  • The average sampled width of mineralization is 0.8 m.
  • Initial channel sampling of the copper-gold-molybdenum anomaly returned average assays of 0.1% copper and 20 ppm molybdenum.
  • 254 soil samples were taken from a 200 m x 100 m grid over an area of approximately 6 square km.
  • The gold soil anomaly is up to 1 km wide and 1.8 km long.

Sources:

  • Dynasty Metals & Mining Inc. news release, April 12, 2006.
  • BSI Inspectorate laboratory in Quito, Ecuador.
  • BSI Inspectorate laboratory in Lima, Peru.
  • National Instrument 43-101.