Gold Dynamics Corp.
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Gold Dynamics Corp.

February 13, 2012 08:15 ET

Gold Dynamics Receives NI 43-101 Technical Report on the Lake Ste-Anne Gold Property

LAS VEGAS, NEVADA--(Marketwire - Feb. 13, 2012) - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) is pleased to announce it has received the National Instrument 43-101 ("NI 43-101") independent technical report for the Lake Ste-Anne Property as part of its due diligence. The Technical Report was prepared by Michel Boily, PhD., P. Geo.

The Technical Report details the exploration performed on the Lake Ste-Anne Property and recommends an initial exploration program of $233,592 to further the delineation of gold targets in the Southern Gold Zone.

Easily accessible by paved roads, the Lake Ste-Anne Property is located in southern Quebec in the municipalities of Notre Dame-de-Montauban and St-Abalde. The 1,774 hectares (4,364 acres) Lake Ste-Anne Property is comprised of 43 contiguous mining concessions. The property was an important part of a much larger producing mine called The Montauban gold mine deposit.

The following are excerpts from the Technical Report:

  • The Southern Gold Zone, which represents the southern extremity of the Montauban deposit, is two to three meters thick, dips 30 degrees to the NE and extends for 500 meters along a NW-SE direction. The ore grades 4.69 g/t Au and 62.96 g/t Ag on average.
  • It is estimated the Southern Gold Zone still contains historical resources of 114,473 T @ 6.1 g/t Au and 94 g/t Ag for a total of 22,821 ounces of gold and 347,086 ounces of silver.
  • Past drilling campaigns on the property and on the Montauban mine lead to the discovery of shallow-seated gold and silver ore residing at depths of less than 200 meters.
  • The past underground work on the property suggests the possibility of deeper-seated gold or Pb-Zn rich zones.

"The completion of the NI 43-101 Technical Report on the Ste-Anne Property is an important step in advancing the exploration of the five well located zones", stated Gary Kirk, President and CEO. "Mr. Boily's recommendations for the next phase of evaluation of the Southern Gold Zone will serve as an excellent jump off point for building the future of this company."

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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