Dynasty Gold Corp is undertaking an exploration program to further evaluate the potential of the 600sqkm of exploration licences it holds at the Hatu Gold Project in China.

The company holds the licences within its Sino-Foreign joint venture with Xinjiang Non-Ferrous Metals Industry Group, of the Xinjiang Uygur Autonomous Region, China.

Exploration work at Hatu has focused on metallurgy and developing a better geological model of the Qi-2 deposit. The work has being conducted by Avocet Mining which had a pre-emptive right to the project.

For Dynasty to maintain the exploration licences and the joint venture in good standing, expenditures must be made on the licences before the end of the month.

Dynasty and the joint venture partner have designed a program of geological mapping, soil sampling, trenching and ground magnetics to delineate drill targets for next year. The estimated budget for this program is US$300,000.

Exploration is also underway at Dynasty's Red Valley Gold project in Qinghai Province. Fifteen diamond drill holes have been completed and the company is compiling information and awaiting assay results.