Dynacor Gold Mines Inc.
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Dynacor Gold Mines Inc.

November 10, 2016 07:39 ET

Dynacor Doubles the Area of Its Tumipampa Gold Project in Peru

MONTREAL, QUEBEC--(Marketwired - Nov. 10, 2016) -

Editors Note: There are two photos associated with this press release.

Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that it has increased its land position at its 100% owned Tumipampa gold project. The original land area consisted of 11 claims adding up to 4,862 hectares (48.6 km2), 11 claims have been acquired, and the total land area is now 9,755.6 hectares (97.6 km2).

Dynacor staked 10 (ten) claims from the Ministry of Energy and Mines. One further claim (276.4 hectares) was optioned from a private claimholder. Dynacor now holds 22 mining claims at Tumipampa adding up to a total area of 9,755.6 ha.

The area and private claims surrounding the original Tumipampa property and the location of the 11 new claims are shown in Figure 1. Dynacor has begun mapping the new area and has already identified several geologically interesting zones as well as 9 (nine) colonial gold workings (see Picture 1) and recent artisanal gold mining sites.

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from gold ore-processing. Dynacor's basic share count at 38.5 million outstanding is in the lowest quartile of the resource sector. The Corporation's assets include three exploration properties, including the advanced high-grade gold Tumipampa property, a 85,000 TPY gold and silver ore processing mill on care and maintenance at Huanca and the newly operating Veta Dorada 300-tpd (102,000-tpy) ore processing plant located in Chala (Southern Peru). The Corporation'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.

Dynacor Gold Mines Inc. (TSX: DNG)

Website: http://www.dynacor.com

Twitter: http://twitter.com/DynacorGold

Facebook: http://www.facebook.com/pages/Dynacor-Gold-Mines-Inc/222350787793085

To view the photos associated with this press release, please visit the following links:

http://www.marketwire.com/library/20161109-Figure_1_800.jpg

http://www.marketwire.com/library/20161109-Tumipampa2016_800.jpg

Contact Information

  • Dynacor Gold Mines Inc.
    Jean Martineau
    President and CEO
    T: 514-393-9000 Ext. 228 or 224

    Dynacor Gold Mines Inc.
    Dale Nejmeldeen
    Director, Investor Relations
    T: 604.492.0099
    M: 604.562.1348
    nejmeldeen@dynacor.com