MONTREAL, QUEBEC–(Marketwired – Nov. 12, 2015) – Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce the results of a 30-meter extension of Raise-215 in the Manto Dorado on the Tumipampa project, Peru. Over a total extended length of 65 meters Raise-215 has an average gold grade of 21.88 g/t (0.70 oz/t) and 1.65 % copper over an average true width of 1.18 meters (the results for the first 35 meters were published earlier (see press release dated October 8th, 2015).
Channel sampling along a raise has exposed a massive (65 meters long) high-grade gold-bearing structure, with an average true width of 1.18 m, of copper sulphides. Raise-215 is being excavated from the 27.5-meter mark along a 45-meter drift (Drift-190NE) orientated N45°E that was excavated in the Manto Dorado structure (see Figure 1). A further 30 meters has been excavated in this raise and the results are given in Table 1 and Figure 2.
Along the 65-meter long raise, channel sample assays include: seventeen (17) channel samples with uncut gold assays between 31.1 g/t (1 oz/t) and 76.2 g/t (2.45 oz/t) and twenty (20) channel samples with uncut copper assays between 2% and 8.7%.
Dynacor is continuing the excavation of Raise-215 in the Manto Dorado and the results will be published as soon as they are available.
Sample Analysis and QA/QC procedures
The samples are sent to the internationally certified laboratory Certimin S.A. for analysis. Standards, blanks and duplicates are used in the sampling process as part of the QA/QC that is implemented and followed by Alonso Sanchez, Chief Geologist for Dynacor Gold Mines, B.Eng.
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).
Table 1. Gold (g/t and oz/t) and Copper Assays from Raise-215 (Channel samples)
|Au (g/t)||Au (oz/t)||Cu (%)|
|Data published in December 2013|
|Weighted Average 6 m
segment 2013 data
|Data published in October 2015|
|Weighted Average 29 m
segment 2015 data
|Weighted Average 30m Extension||1.16||15.07||0.48||0.97|
|Weighted Average total 65m Raise-215||1.18||21.88||0.70||1.65|
Map to the figure one available at the following link: http://media3.marketwire.com/docs/Figure_1_ppt_level_350_151106.jpg.
Map to the figure two available at the following link: http://media3.marketwire.com/docs/Figure_2_CH215_151106.jpg.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor’s basic share count at 37.4 million outstanding is in the lowest quartile of the resource sector. The Corporation’s assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85,000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation obtained its permit to construct a brand new 300 tpd mill in Chala Peru. This represents an important milestone for the Corporation’s future growth. The Corporation’s strength and competitive advantage comes with the experience and knowledge it 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)
For more information, please contact: Dynacor Gold Mines Inc.
Shares outstanding: 37 366 911
President and CEO
Dynacor Gold Mines Inc.
514-393-9000 Ext. 228
Dynacor Gold Mines Inc.
604.492.0099 M: 604.562.1348