Sampling Extends High-Grade Gold And Copper Surface Mineralization At Copper Duke In Dynasty Copper-Gold Belt
Vancouver, B.C., February 8, 2007 - Dynasty Metals & Mining Inc. (TSXV: DMM, the “Company”) reports that channel sampling in previously-unexplored areas of the Huato Zone has expanded known high-grade gold and copper surface mineralization at its Copper Duke project, in the Dynasty Copper Gold Belt, Ecuador.
Highlights of channel sampling include 17 grams per tonne (“g/t”) gold and 18.4 g/t silver over 0.30 metres, and 18.67% copper and 727 g/t silver over 0.70 metres. The sampling has expanded the north-east/south-west trend of known mineralization at Copper Duke to nine kilometres.
In its news release of October 6, 2006, the Company reported assays on 481 channel samples taken from epithermal vein swarms and stockworks located in an 8.5 km² area in the central sector of the Huato Zone of the Copper Duke project. Results ranged from 174 g/t gold to 0.1 g/t gold and from 249 g/t silver to 0.1 g/t silver. The sampled structure has now been confirmed by a geophysical survey and is a prime drill target for a large-scale gold stockwork.
Assays results have now been received from an additional 113 samples. The samples were taken predominantly from a 1.5 km2 area, called “Ningomine”, located three kilometres to the north-east of the area of previous sampling; and from a 2.5 km2 area, called “Loma Redonda”, located four kilometres to the south-west of the area of previous sampling. The new sampling areas were identified by Company geologists on the ground.
As set out in the table below, significant results range from 17 g/t gold to 0.1 g/t gold and from 727 g/t silver to 0.1 g/t silver, over widths of 2.0 metres to 0.2 metres:
Significant Results - Huato Zone Channel Sampling, Copper Duke Project, Ecuador
* Gold Equivalent is established using a 55:1, silver to gold ratio,
without regard to metallurgical recoveries.
High values of molybdenum, allied with high copper and silver values, were also present in some of the samples; with two samples containing over 8% copper and three samples containing more than 90 parts per million of molybdenum. A further 109 samples have been sent for analysis and the results are pending.
Further investigations will be conducted, particularly in an area south-east of the central portion of the Huato Zone, to verify the presence of a possible gold-copper porphyry-type deposit. Separately, drilling on the central target area will commence shortly. Holes will be drilled at an approximate inclination of 60°, to a depth of up to 300 metres.
About Copper Duke
Copper Duke is located in the Catacocha (Paltas) county, Province of Loja, approximately 60 km south-west of La Toma, the nearest commercial airport. Gold and copper mineralization at the Huato Zone occurs in veins and stockworks hosted by multiphase igneous bodies, from dioritic to granodioritic rock type, intruding Tertiary andesitic volcanics and volcano carbonate sediments and appears to be infilling of dilational structures opened during a major structural event (the Celica fault).
Quality Control and Assurance
The preparation of the technical information contained in this news release was supervised by the Company’s Exploration Manager, Pippa Jeffcock, a fellow of the Geological Society, London, and a “qualified person” as defined by National Instrument 43-101.
Samples were sealed on the property and shipped to the BSI Inspectorate laboratory in Quito, Ecuador for preparation. Sample pulps were shipped by BSI Inspectorate to its laboratory in Lima, Peru for gold fire assay, silver and multi-element ICP analysis.
Dynasty Metals & Mining
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador.
The Company has two advanced-stage projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information, please contact Murray Oliver at (604) 687-0888 or firstname.lastname@example.org or visit the Company’s website atwww.dynastymining.com.
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