Dynacor Gold Mines Inc.
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Dynacor Gold Mines Inc.

February 27, 2015 07:00 ET

Dynacor Discovers Four (4) New High Grade Gold Mineralized Structures at Tumipampa

MONTREAL, QUEBEC--(Marketwired - Feb. 27, 2015) - Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that a detailed geological mapping and surface sampling programme on the disseminated gold area of the Tumipampa property has led to the discovery of four (4) new high grade gold mineralized structures. Channel samples with widths between 0.3 and 0.35 m were taken from surface outcrops of these four (4) structures revealed the following assays (uncut): Adriana vein (35.58 g/t Au), Sondoro vein (31.16 g/t Au and 22.09 g/t Au), Esperanza vein (10.94 g/t Au) and the Manto Lucha (28.60 g/t Au) (see Table 1).

Surface Sampling Campaign

Based on the results of a geophysical survey carried out in 2014, Dynacor has undertaken a systematic surface sampling programme targeting the areas that show high chargeability anomalies within the disseminated gold zone (see Figure 1). This zone is located approximately 2,000 meters to the southwest of the Manto Dorado structure. In 2014, a total of 733 surface samples from this zone were collected and assayed, 126 samples or 17 % have anomalous gold grades greater than 0.05 g/t Au. The assay results obtained on an initial 262 surface sampling programme were published in the Press Releases dated August 8, 2014 and November 17, 2014.

In November and December 2014, an additional 471 surface samples were collected and assayed from areas above chargeability anomalies 1, 3 and 4. A total of 71 channel samples for chargeability anomaly 1 were assayed, 12 samples (16.9%) were anomalous with assays greater than 0.05 g/t Au and nine of the samples (9) had gold grades ranging between 0.311 g/t Au and 31.16 g/t Au (see Table 2).

Four hundred (400) channel samples were sampled from areas above chargeability anomalies 3 and 4. Twenty-two samples (22) (5.5%) returned anomalous assays greater than 0.05 g/t Au and 9 samples had gold grades between 0.123 g/t Au and 1.712 g/t Au (see Table 3).

The surface sampling programme was established on a predefined sampling grid. However, observable mineralized surface outcrops of structures such as veins, mantos, breccias and an exoskarn were also sampled and assayed (Table 1) even if they were outside the predefined grid.

Table 1. Channel samples taken from observable outcrops of mineralized structures discovered in the disseminated gold area (Tumipampa, 2015).

Structure
(see Figures 1,2)
Sample
No
Width
(m)
Au
(g/t)
Ag
(oz./t)
Cu
(%)
Mo
(ppm)
Manto Lucha 3832 0.30 28.60 0.376 0.007 1649
Adriana Vein 4270 0.30 35.58 9.259 0.079 44
Esperanza Vein 3756 0.30 10.94 0.161 0.002 8
Sondoro Vein 4349 0.35 31.16 0.222 0.042 6
Sondoro Vein 4350 0.30 22.09 0.122 0.018 1
Hydrothermalbreccia 3723 0.30 19.49 0.354 0.003 20.5
Hydrothermalbreccia 3764 0.45 18.18 0.251 0.002 27
Veinlet 3800 0.40 16.79 2.408 0.041 6
San Pedro Vein 55792 0.25 11.30 1.665 0.027 -
San Pedro Vein 55793 0.80 5.06 0.248 0.014 -
San Pedro Vein 55799 0.30 4.56 1.267 0.001 -
Ines Vein 2673 0.50 8.21 0.299 0.012 39.3
Ines Vein 2675 Stockpile 7.632 0.209 0.005 15.7
Exoskarn 4399 0.10 0.31 0.772 1.260 1
Exoskarn 4393 0.20 1.98 0.051 0.001 3
Breccia 4046 Stockpile 6.15 0.235 0.66 100
Breccia 3721 0.80 3.57 0.019 0.005 3.39
Disseminated 1 4261 1.00 9.01 0.113 0.016 2
Disseminated 2 4264 0.15 3.66 0.900 0.052 3

Table 2. Twelve (12) Anomalous Assays from Channel Samples taken from Chargeability Anomaly 1

Zone Sample
No
Width
(m)
Au
(g/t)
Ag
(oz/t)
Bi
(%)
Cu
(%)
Mo
(ppm)
Pb
(%)
Zn
(%)
Anomaly 1 4349 0.35 31.16 0.222 0.019 0.042 6 0.009 0.003
Anomaly 1 4350 0.3 22.09 0.122 0.012 0.018 1 0.01 0.002
Anomaly 1 4359 0.4 7.38 0.627 0.004 0.095 3 0.868 0.018
Anomaly 1 4380 0.3 4.86 0.212 0.006 0.008 9 0.015 0.005
Anomaly 1 4393 0.2 1.98 0.051 0.001 0.001 3 0.008 0.003
Anomaly 1 4342 1.48 0.334 0.001 0.005 6 0.325 0.202
Anomaly 1 4379 0.4 0.491 0.17 0.003 0.003 4 0.105 0.012
Anomaly 1 4391 0.8 0.311 0.048 0.001 0.001 1 0.018 0.046
Anomaly 1 4399 0.1 0.311 0.772 0.002 1.26 1 0.027 0.066
Anomaly 1 4373 0.15 0.095 0.019 0.001 0.004 1 0.007 0.002
Anomaly 1 4395 0.1 0.093 0.045 0.001 0,000 4 0.002 0.007
Anomaly 1 4376 0.3 0.05 0.023 0.001 0.002 3 0.007 0.017

Table 3. Twenty two (22) Anomalous Assays from Channel Samples taken from Chargeability Anomalies 3 and 4

Zone Sample
No
Width
(m)
Au
(g/t)
Ag
(oz/t)
Bi
(%)
Cu
(%)
Mo
(ppm)
Pb
(%)
Zn
(%)
Anomaly 4 4492 0.8 1.712 0.026 0.005 0.018 2 0.009 0.006
Anomaly 4 4562 1.2 0.529 0.013 0.001 0.009 2 0.002 0.002
Anomaly 3 4323 0.8 0.382 0.113 0.005 0.045 4 0.003 0.006
Anomaly 4 4574 0.25 0.358 0.167 0.001 0.514 4 0.004 0.01
Anomaly 4 4469 0.3 0.307 0.093 0.001 0.03 3 0.01 0.006
Anomaly 4 4514 0.25 0.136 0.196 0.001 0.07 60 0.022 0.007
Anomaly 4 4548 0.3 0.134 0.026 0.001 0.156 8 0.009 0.01
Anomaly 4 4572 0.55 0.132 0.071 0.001 0.002 4 0.011 0.002
Anomaly 4 4433 1.1 0.123 0.01 0.001 0.006 3 0.001 0.002
Anomaly 4 4670 0.6 0.091 0.026 0.001 0.008 2 0.032 0.006
Anomaly 4 4815 1.2 0.085 0.029 0.001 0.003 1 0.006 0.011
Anomaly 4 4554 0.5 0.084 0.023 0.001 0.015 1 0.003 0.003
Anomaly 4 4759 0.8 0.075 0.039 0.001 0.009 5 0.184 0.002
Anomaly 4 4729 1.3 0.071 0.006 0.001 0.001 2 0,000 0.002
Anomaly 4 4465 1,000 0.067 0.029 0.001 0.001 6 0.006 0.013
Anomaly 4 4484 0.7 0.066 0.055 0.001 0.003 2 0.012 0.003
Anomaly 4 4820 0.7 0.062 0.006 0.001 0.005 1 0.005 0.05
Anomaly 4 4576 0.3 0.061 0.026 0.001 0.016 3 0.004 0.003
Anomaly 4 4430 0.2 0.056 0.016 0.001 0.001 3 0.002 0.005
Anomaly 4 4517 0.4 0.052 0.039 0.001 0.044 4 0.008 0.005
Anomaly 4 4517 0.5 0.052 0.039 0.001 0.044 4 0.008 0.005
Anomaly 4 4776 0.4 0.052 0.026 0.001 0.005 1 0.008 0.002

Geological Mapping

During Q3 and Q4 of 2014, a detailed geological mapping of the disseminated zone was undertaken and it was observed that the area had vein structures, large fault structures, hydrothermal breccias, Mantos and exoskarn structures. The underlying rocks of the area include carbonates, shales, marbles, quartzites and intrusive rocks (see Figure 1). The four newly discovered high grade gold mineralized structures are also shown on Figure 1 as well as geophysical section L 37800 that is projected in Figure 2, below.

Figure 2 is a cross sectional view of geophysical section L 37800. Figure 2, clearly demonstrates the correspondence between surface samples with high anomalous gold grades (> 0.3 g/t Au) shown as red stars, geological surface features such as breccias (black triangles), large scale faults drawn as blue dotted lines (Fiorella, Diana, Mylene and Esperanza) and high IP chargeability values at depth. Also shown in Figure 2 is the location of the exoskarn structure associated to the Fiorella fault. Future drilling targets 1, 2 and 3 are also indicated in Figure 2.

Dynacor's Chief Geologist Alonso Sanchez recently commented these results and stated "We are very pleased to have discovered the high grade Adriana, Sondoro and Esperenza veins as well as the Fiorella, Diana, Mylene and Esperanza faults and the the Lucha and Rubia Mantos. The complex geology of the disseminated area, the high chargeability anomalies and the presence of an intrusive body and an exoskarn close to the Fiorella fault merit further investigation since this area may well be the most promising area of the entire Tumipampa property". He further added that "in 2015-2016, Dynacor will aggressively pursue its exploration campaign at Tumipampa both in this area and in the gold vein area."

Sample Analysis and QA/QC procedures

The samples are sent to the internationally certified laboratory Certimin S.A. in Lima, Peru for analysis. Samples were assayed by ICP analysis and for gold assays greater than 10 g/t Au a gravimetric FAA finish assay is performed. Standards, blanks and duplicates are used in the sampling process as part of the QA/QC methodology. The sampling programme and the QA/QC procedures are defined by Alonso Sanchez, Chief Geologist for Dynacor Gold Mines.

This Press Release has been read and approved by Alonso Sanchez, the qualified person ("QP") for the Company and who is a geologist affiliated to the American Institute of Professional Geologists (AIPG).

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold ore-processing and exploration company active in Peru since 1996. The Company differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor's basic share count at 36.2 million outstanding is in the lowest quartile of the resource sector. The Company's assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85,000 TPA gold and silver ore processing mill at Huanca. The Company's strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.

FORWARD LOOKING INFORMATION

Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.

Shares outstanding: 36 245 111

Dynacor Gold Mines Inc. (TSX:DNG)

Website: http://www.dynacorgold.com

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Figures 1 and 2 are available at the following address: http://media3.marketwire.com/docs/figures_eng.pdf

Contact Information

  • Jean Martineau
    President and CEO
    Dynacor Gold Mines Inc.
    514-393-9000 Ext. 228

    Dale Nejmeldeen
    Investor Relations
    Dynacor Gold Mines Inc.
    604.492.0099 / M: 604.562.1348
    604.608.9223 (FAX)
    nejmeldeen@dynacor.com