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DYNASTY PROJECT
(for project updates see recent press releases)
(drill hole location maps)
Key Highlights:
- Measured and Indicated Gold resource of 1,014,300, and additional Inferred resources of 1,151,700 ounces of gold
- Measured and Indicated Silver resource of 7,900,200, and Inferred resources of 8,337,000 ounces of silver
- Significant land position of approximately 970 km2 located along a mineralized corridor
- The company plans to recommence drilling during the 4th quarter of 2010 to further define the resource.
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The Dynasty Copper-Gold Belt is a previously unexplored mineralized corridor, approximately 90 km long and 20 km wide, and runs along a north east trend that begins in Peru and extends to Dynasty's Zaruma project (see map). The property is located in Loja Province, south western Ecuador, covers 969.16 km2, and consists of fifty-two concessions at altitudes ranging from 600m to 1800m above sea level. Dynasty is 100% owned but five of the project concessions are subject to a 1% net smelter return royalty payable to a related party.
To date, the Company has identified eight mineralized porphyry-style alteration zones within this corridor, each with extensive hydrothermal alteration zones associated to stockworks and some high grade gold-silver vein swarms. In the last twelve months, exploration work has focused on two main areas; the Dynasty Goldfield (Papayal, Cola, and Cerro Verde areas), which covers an area 13 km by 4 km, and the Copper Duke area.
The "Dynasty Goldfield" covers an area of approximately 13 km x 4 km within the Dynasty Copper-Gold Belt. The Dynasty Goldfield includes the Papayal, Cola and Cerro Verde quartz-sulphide vein swarms and stockworks, where drilling has confirmed the presence to depth of high-grade gold and silver mineralization.
Management believes that the Dynasty Goldfield has significant potential to host a large bulk-mineable gold resource and in the near term, intend to focus on the development of the property. The company plans to recommence drilling at the Dynasty Goldfield during the 4th quarter of 2010 to further define the resource.
As detailed in the Table below, the Technical Report estimates initial measured and indicated resources of 1,014,300 ounces of gold and 7,900,200 ounces of silver, with additional inferred resources of 1,151,700 ounces of gold and 8,337,000 ounces of silver.
( see technical reports )
TOTAL MINERALS RESOURCES AT DYNASTY GOLDFIELD — NI 43-101 Compliant
Resource
Category |
Tonnes |
Au eq1
(ounces) |
Gold
(g/t) |
Gold
(ounces) |
Silver
(g/t) |
Silver
(ounces) |
MEASURED
| 3,155,000
| 539,200
| 4.6
| 470,000
| 35
| 3,560,200
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INDICATED
| 3,515,000
| 628,700
| 4.8
| 541,000
| 38
| 4,340,000
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INFERRED
| 7,652,000
| 1,313,800
| 4.7
| 1,151,700
| 34
| 8,337,000
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1 - Au eq (gold equivalent) includes gold and silver only (at 51:1 Silver:Gold)
Management believes that the Dynasty Goldfield has significant potential to host a large bulk-mineable gold resource and in the near term, intend to focus on the development of the property.
Click on any of the images or maps below to view the expanded size.
 Structural Corridor
Location Map
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 Gold Copper Belt
Sample Population
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 Gold System and Copper
Porphry Target Distribution
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 Colour Plot Showing Future
Gold Exploration Targets
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 Colour Plot Showing Future
Silver Exploration Targets
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 Cerro Verde Drill Holes
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 Diamond drilling in stockworks
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 Papayal Project –
Drill Core 97.7 g/t Au eq
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 Copper Ridge Project –
Core Sample
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(for additional maps and photos click here)
Cerro Blanco
- 6 km x 4 km target area of advanced alteration
- Copper mineralization identified in the porphyry
- Associated stockworks and vein system
- Sample assays up to 27.5 g/t Au and 624 g/t Ag in vein swarm system
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Papayal
- 4 km x 3 km area of porphyries and quartz stockworks
- 6 stockworks identified up to 40 m x 1000 m
- Sample assays up to 141.5 g/t Au and 608 g/t Ag in quartz stockworks
- Drilling intersections up to 3.33 m averaging 29 g/t Aueq * and some up to 97.7 g/t Aueq at depths to 115 m (* Aueq uses 60:1 Ag:Au) - see PHOTO
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Cola
- 3.5 km long X 200 metre wide zone of high grade gold veins
- Gold and Sol Veins and associated veinlets yielding highest grade
- Best results include 634.58 grams per tonne ("g/t") gold and 297 g/t silver over 0.60 metres, and 90.93 g/t gold and 56.4 g/t silver over 0.50 metres.
- New areas discovered to north and northwest of this block of high grade veining
- Exploration continuing with a view to planning drill program in the near future
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Copper Ridge
- 1.4 km x 1.2 km porphyry with associated stockworks and epithermal breccias
- UN rock samples up to 4.2% Cu + 40 ppm Mo
- Coincident Cu-Au-Mo highly anomalous soil results directly over porphyry
- A 10 line km Induced Polarization (IP) survey identified 2 major target anomalies of high-chargeability up to 800 m wide - see PHOTO
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Copper Duke
- 9 altered porphyries occur in a cluster 8 km x 5 km
- Two main targets identified so far: Huato and Blanquillo
- Huato contains large disseminated gold stockwork within a copper anomaly 3km x 6km
- Surface rock sample assays up to 22% Cu, 174 g/t Au and 2098 g/t Ag
- Two new sectors discovered so far in 2007; Ningomine and Loma Redonda
- Alluvial gold is currently being worked in nearby creeks
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Copper Field
- 11 km x 6 km target area
- Copper mineralization identified
- 5 alteration zones and porphyries up to 2 km x 0.8 km
Victoria
- Epithermal sulphide-bearing altered breccias occur over 1.5 km x 1.5 km
- Sample assays from breccias of 1.14 g/t Au equivalent over 24 m and 3.4 g/t Au equivalent over 1.5 m
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Exploration of the Company's properties are under the supervision of the Company's Chief Geologist, a "qualified person", as defined by National Instrument 43-101. The Chief Geologist is responsible for the preparation of technical information. Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nevada for silver and multi-element ICP analysis.
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To date, the Company has identified eight mineralized porphyry-style alteration zones within this corridor, each with extensive hydrothermal alteration zones associated to stockworks and some high grade gold-silver vein swarms. In the last twelve months, exploration work has focused on two main areas; the Dynasty Goldfield (Papayal, Cola, and Cerro Verde areas), which covers an area 13 km by 4 km, and the Copper Duke area.
Overview
Dynasty
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