Dynacor Gold Mines Inc. ( dynacor )
Symbol : DNG
Toronto Stock Exchange (TSX)
Tumipampa: Dynacor hits 15.3 g/t
of gold over 4.9 meters in a newly discovered Skarn structure
Montr�al, Qu�bec, September 4, 2008 � Dynacor Gold Mines
Inc. (TSX: DNG) is pleased to report that its first exploratory drill
hole in the newly discovered Skarn structure found gold and copper
mineralization, including 15.3 g/t of gold over 4.9 meters (see below).
As mentioned in its
press release dated 14 July 2008, Dynacor Gold has uncovered a Skarn
structure at the interface between the intrusive batholite Yauri-Andahuaylas
and the limestones of the Ferrobamba structure. Based on the results
obtained from surface samples taken from outcroppings of the Skarn, the
Company decided to immediately undertake an exploratory drill hole of
this previously unknown structure. The results are discussed below.
Drill hole HDD-19 has a total length of 294.15 meters and was located at
what appears to be the eastern end of the Skarn structure that has a
total length of more than 1000 meters, based on visible surface
outcroppings. Visual inspection of the core revealed a 74.15 meter long
segment that appears to be mineralized with: magnetite, hematite,
limonite, disseminated pyrite and pyrite in veinlets, grey-white
quartzite, calcite, garnets, epidote and some disseminated chalcopyrite.
Within this specularite-magnetite Skarn structure, gold and copper
mineralization was found as well as Mo and W anomalies. The assay results
are given in Table 1, below.
Table 1 - Assay Results from
exploratory drill hole HDD-19
Depth
intersection (m)
|
Width
(m)
|
Au
(g/t)
|
Cu
(%)
|
Fe
(%)
|
Mo
(ppm)
|
W
(ppm)
|
82.15 - 83.75
|
1.60
|
0.044
|
0.48
|
22.78
|
57
|
235
|
83.15 - 102.10
|
18.35
|
0.055
|
traces
|
9.94
|
17
|
36
|
102.10 - 102.65
|
0.55
|
15.0
|
traces
|
11.65
|
7
|
30
|
102.65 - 151.40
|
48.75
|
0.062
|
traces
|
13.79
|
14
|
50
|
151.40 - 156.30
|
4.90
|
15.277
|
0.02
|
12.64
|
25
|
20
|
The drill results show coherence with channel and grab surface samples
taken from same host rocks which correspond to the Skarn structure that
was recently reported (see Press Release dated July 14, 2008). The
surface samples showed gold and copper mineralization, revealing up to 1%
copper and gold mineralizations ranging from 2.67g/t to 9.88 g/t. Twelve
samples returned gold grades of over 1 g/t and up to 15.65 g/t.
Based on all of the above results the Company has decided to undertake
further drilling of this Skarn structure as soon as possible. However,
before initiating this drilling campaign the Company wishes to carry out
some detailed geochemical surface surveys, geological mapping and
systematic sampling. A precise geophysical data synthesis and analysis
will also be completed in order to target future drilling locations as
well as estimate the true length of the Skarn structure.
Chemical analysis was done by ALS CHEMEX laboratories in Lima and
strict QA/QC protocols were followed.
Alain-Jean Beauregard, Geologist, of G�ologica Groupe Conseil is
Dynacor Gold's "Qualified Person" and is responsible for the
technical information contained in this press release. He collaborates
through his regular visits on site, for all matters related to sampling
procedures, technical information and the supervision of ongoing
development work. Thus, he can testify to the precision and exactitude of
the data and the mining and geological knowledge of the Tumipampa
property, as required by National Instrument 43-101 and its annexes with
respect to the reporting and content of this press release.
ABOUT
DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company, that has been active
in Peru through its subsidiaries since 1996. The Company's assets include
the Acari, Casaden and Tumipampa exploration properties. The Acari mill
produces gold by custom milling. Dynacor's strength and competitive
advantage comes with the experience and knowledge the Company has
developed while working in Peru. Its pride remains in maintaining respect
and positive work ethics toward its employees, partners and local
communities.
For more information, please contact :
Jean
Martineau
President
& CEO
Dynacor Gold Mines Inc.
514 288-3224
|
Renmark Financial Communications
Julien Ouimet : jouimet@renmarkfinancial.com
John Boidman : jboidman@renmarkfinancial.com
Tel : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
|