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NEW REPORT INCREASES ESTIMATED GOLD
Vancouver, BC, February 10, 2005 - Dynasty Metals & Mining Inc. (TSXV:DMM, the "Company") announces that it has received a supplemental gold resource estimation (the "Supplemental Report") on its 100% owned Jerusalem Project, in south-eastern Ecuador. This report follows on from, and adds to, the resource estimation contained in an initial report announced by the Company on November 8, 2004 (the "October Report").
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Corporate Overview
News Releases
Category |
Tonnes (t) |
Au g/t |
Au oz. |
Ag g/t |
Ag oz. |
Cu % |
Cu t |
Pb % |
Pb t |
Zn % |
Zn T |
Measured |
303,400 |
10.9 |
106,300 |
80 |
780,400 |
0.07 |
200 |
0.74 |
2,260 |
2.88 |
8,780 |
Indicated |
141,900 |
10.7 |
48,800 |
79 |
360,000 |
0.07 |
92 |
0.80 |
1,130 |
3.20 |
4,550 |
Inferred |
142,400 |
10.6 |
48,500 |
92 |
421,000 |
0.06 |
81 |
0.78 |
1,120 |
3.51 |
5,000 |
About Jerusalem
The Jerusalem Project comprises a single concession covering 225 hectares in the Sierra del Condor of the Ecuadorian Amazon region. The concession is located in a mineralized district that contains several styles of precious and base metal deposits. The main feature is an intrusive-volcanic complex, the Chinapintza Porphyry, consisting of andesite, dacite and rhyodacite porphyry bodies, cut by numerous dykes of similar composition. The Chinapintza Porphyry hosts a 1.5 km long vein system featuring at least ten main high-grade gold and silver veins.
About the Supplemental Report
The Supplemental Report is based upon the results of the Company's recent underground sampling data and upon underground sampling data generated by previous third-party exploration. The report should be read in conjunction with the October Report.
The Supplemental Report notes that five previously unknown, highly-oxidized disseminated sulphide-bearing rhyodacite dykes, with a total strike length of 1400 metres, constitute new bulk tonnage targets with widths ranging from six metres to 100 metres. The report recommends that further exploration be conducted to determine the full extent of the currently identified mineralization and to continue to explore for new mineralized bodies. Ongoing exploration at Jerusalem is expected to further increase the project resources.
About Dynasty Metals & Mining Inc.
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. In addition to its Jerusalem Project, the Company is currently conducting an initial exploration program on its extensive Dynasty Copper-Gold Belt - a new discovery comprising a north-easterly trending corridor, 90 km long and 20 km wide, running from the Peruvian border to the Portovelo-Zaruma District.
Separately, on November 1, 2004, the Company announced an initial resource estimation on its Zaruma Gold Project, which includes its Portovelo District, in south-western Ecuador, consisting of an existing indicated resource of 644,600 oz. of gold, from 1,131,889 tonnes of ore at an average grade of 17.73 grams/tonne, and an inferred resource of 817,200 oz. of gold, from 2,444,066 tonnes of ore at an average grade of 10.4 grams/tonne. The Company plans to continue its exploration activities at Zaruma, with a view to proceeding on to a scoping study.
Exploration of the Company's properties is under the supervision of Greg Whitfield, the Company's Exploration Manager and a "qualified person", as defined by NI 43-101. Mr. Whitfield is responsible for the preparation of technical information in this News Release.
For further information about the Company, please contact Murray Oliver at (604) 687-0888 Ext. 3 or info@dynastymining.com or visit the Company's web-site at www.dynastymining.com.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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