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CHINA - Hatu Project continues to encourage Dynasty |
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Dynasty Gold Corporation continues to be buoyed by significant mineralization intersects at its Hatu Project in China . Drilling is currently being undertaken at the Qi-2 deposit with results to be used to plan a new resource estimate as part of the overall goal of upgrading the Qi-2 resources to reserves.
Among the intercepts analysed to date are 2 metres grading 4.7 grams per tonne gold; 6 metres grading 2.33 grams per tonne gold; 3 metres grading 3.33 grams per tonne gold; 10 metres grading 1.18 grams per tonne gold and 2 metres grading 2.29 grams per tonne gold. Dynasty and its joint venture partners Avocet Mining PLC have completed nine diamond and 43 reverse circulation drill holes as part of a combined 10,000 metre (approximately 50 hole) drill program at Hatu. Dynasty continues to be encouraged with the results of its drill program especially of the drill hole RCH005 which collared in the north-eastern section of the deposit, drilled to the south-east and intersected mineralization at a depth of 244 - 247m. The deposit is currently open at depth and limited drill testing has been done below approximately 250m. Holes RCH007 and RCH011 were collared in the south-western portion of the deposit and drilled to the south-west.
Diamond drill hole DDH005 encountered 10 mineralized intersections throughout the approximately 100 metre deep hole. This hole was located in the north central part of the deposit along with DDH004 and both were drilled to the south-east.
Dynasty is confident of continued success with the drill program and eagerly awaits additional assay results as it works to both expand and upgrade the current resource. Dynasty Gold Corp is a leading Canadian gold exploration company in China with exploration programs at three highly prospective gold properties and partnerships with AngloGold Ashanti and Avocet Mining. The Qi-2 deposit is host to an inferred resource of 16.9 million tonnes at 1.68 grams per tonne gold with a 1 gram per tonne gold cut-off.
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