Gold Dynamics Corp.

Gold Dynamics Corp.

June 20, 2012 08:30 ET

Gold Dynamics Announces Hoyle North Sampling Results as Outstanding

LAS VEGAS, NEVADA--(Marketwire - June 20, 2012) - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) ( -

Mr. Gary Kirk, President and CEO of Gold Dynamics Corp. is pleased to announce that results from the company's 2nd round of surface sampling from the Hoyle North property have been received. The collection of the 2nd round of samples totalling 86 was handled by Mr. Yvan Veronneau on a contract basis representing the Company. The samples were tested at Activation Laboratories facility in Ancaster, Ontario. All samples were collected from a depth of 2 to 3 feet and were taken from the 2nd known anomaly identified through Induced Polarization done in 2007 on the property and from other generally prospective areas. All samples were tested using Aqua Regia Mass Spectrometry which identifies general mineralization and types; further testing on selected samples will be done using Fire Assay to improve and define gold, silver and platinum group elements for purposes of adding to our foundational knowledge of the Hoyle North property.

Attached for reference are a sampling of the results, the full report may be found on at

% (.01)
Low+005 7.0 .011 37.2 104.0 1.1 3.91 .93 35.6
Low6+00S 30.0 .122 45.4 160.0 1.2 2.34 .63 32.4
L3W1+50S <5 <.002 29.3 81.5 .9 2.85 .43 30.1
L5W1+25S <5 <.002 33.4 118.0 1.3 3.43 .36 38.5
L6W4+50S <5 <.002 32.8 101.0 2.7 4.81 .51 48.9
L6W8+005 52 <.002 5.23 18.1 .8 .83 .04 10.3
L7W5+25S <5 <.002 50.9 129.0 1.2 5.77 .22 70.5

The Hoyle North property is contiguous to Goldcorp's active Hoyle Pond Mine which has produced over 2 1/2 million ounces of gold since 1985 and is the vicinity of the Owl Creek and Bell Creek gold deposits. Also, Xstrata Copper is mining and milling base metals very near to the Hoyle North property. Others active in mining and exploration in the area include Lakeshore Gold, Osisko Mining, Brigus Gold and San Gold.

Mr. Gary Kirk said, "I am extremely pleased with the results of our surface exploration efforts to date, accumulated data continues to show that the Hoyle North project holds the potential for substantial precious and base metals along with rare earth elements type deposit. In our area of operations there are many major efforts in mining, development and exploration ongoing and I am deeply gratified that we are being rewarded with such outstanding results, Hoyle North certainly warrants further exploration to aid us in defining the scope and extent of the mineralization available on the property. When we get samples such as #1134614 (Au 80ppb, Cu 101ppm, Zn 113ppm) from the first run, which was taken from the edge of the first anomaly we tested and it records high counts of gold and pretty much any significant base metal we might be seeking along with sample # L0W6+00S (Au 30ppb, Cu 45.4ppm, Zn 160ppm) from the 2nd round of samples which is far removed from the first grid and it reports more outstanding results in gold and other significant minerals, we are extremely positive. The samples I have highlighted and others will certainly be sent for further testing. A geologist has been contracted to provide geologic interpretation on the data collected to date and plans are being made to explore the property further through means which will allow us to look deeper into the structure."

Forward-Looking Statements

This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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