Dynacor Gold Mines Inc. (TSX:DNG) (Dynacor or the Company) is
pleased to announce the results of the sampling in the cross cut on
the Manto Dorado structure that is oriented N58 degrees E dipping
22 degrees NW. The cross cut, oriented N 72 degrees W, intercepted
at 135 m the Manto Dorado structure which has a width of 23.0
meters. Channel sampling was carried out on the north wall, south
wall, and on the roof of the cross cut. High gold grades and
polymetallic mineralization were obtained over 7.40 meters (true
width) on the north and the south walls and over 4.85 m on the roof
of the cross cut (see Table 1 and Figure 1, below).
The roof sampling returned an average grade of 36.48 g/t Au,
1.49 oz/t Ag, 0.43% Cu, 0.08% Pb and 0.12% Zn over 4.85 m true
width (uncut grades) with one sample returning a maximum gold value
of 111.5 g/t Au with 5.14 oz/t Ag, 1.13% Cu, 0.26% Pb, and 0.23% Zn
over 0.75 m true width.
The north wall sampling returned an average grade of 15.58 g/t
Au, 0.80 oz/t Ag, 0.020% Cu, 0.09% Pb, and 0.20% Zn over 7.40 m
true width (uncut grades) and this includes an intersection of 4.90
m (true width) grading 22.35 g/t Au, 1.15 oz/t Ag, 0.29% Cu, 0.11%
Pb and 0.25% Zn (uncut grades).
The south wall sampling returned an average grade of 14.35 g/t
Au, 0.37 oz/t Ag, 0.03% Cu, 0.03% Pb and 0.06% Zn over 7.40 m true
width (uncut grades) and this includes an intersection of 4.75 m
(true width) grading 21.26 g/t Au, 0.54 oz/t Ag, 0.04% Cu, 0.04% Pb
and 0.05% Zn (uncut grades).
Table 1. Results from cross cut sampling of the Manto
Dorado.
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Location Sample From To T.Width Au Ag Cu Pb Zn %
m m m g/t oz/t % %
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North Wall(i) 3098 0.00 0.30 0.30 64.19 0.68 0.33 0.03 0.03
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North Wall(i) 3102 0.30 1.20 0.90 0.14 0.01 0.01 0.00 0.01
---------------------------------------------------------------------------
North Wall(i) 3107 1.20 1.65 0.45 52.87 1.42 0.34 0.08 0.08
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North Wall(i) 3108 1.65 2.30 0.65 2.13 0.06 0.03 0.01 0.03
---------------------------------------------------------------------------
North Wall(i) 3123 2.30 3.30 1.00 32.03 2.63 0.88 0.43 0.93
---------------------------------------------------------------------------
North Wall(i) 3126 3.30 4.50 1.20 23.82 1.74 0.23 0.04 0.17
---------------------------------------------------------------------------
North Wall(i) 3127 4.50 4.90 0.40 10.87 0.04 0.01 0.00 0.01
---------------------------------------------------------------------------
North Wall 3084 4.90 5.35 0.45 0.07 0.10 0.01 0.06 0.13
---------------------------------------------------------------------------
North Wall 3091 5.35 6.25 0.90 0.07 0.09 0.01 0.05 0.12
---------------------------------------------------------------------------
North Wall 3092 6.25 6.50 0.25 15.93 0.28 0.01 0.03 0.11
---------------------------------------------------------------------------
North Wall 3094 6.50 7.10 0.60 0.08 0.05 0.00 0.03 0.08
---------------------------------------------------------------------------
North Wall 3095 7.10 7.40 0.30 5.49 0.18 0.01 0.05 0.10
---------------------------------------------------------------------------
Average Grade 7.40 15.58 0.80 0.20 0.09 0.20
---------------------------------------------------------------------------
Includes(i) 4.90 22.35 1.15 0.29 0.11 0.25
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South Wall(i) 3114 0.00 0.60 0.60 28.03 0.34 0.07 0.02 0.03
---------------------------------------------------------------------------
South Wall(i) 3133 0.60 1.70 1.10 0.32 0.02 0.00 0.00 0.01
---------------------------------------------------------------------------
South Wall(i) 3135 1.70 2.45 0.75 28.87 0.60 0.08 0.08 0.18
---------------------------------------------------------------------------
South Wall(i) 3137 2.45 2.85 0.40 0.38 0.02 0.00 0.00 0.01
---------------------------------------------------------------------------
South Wall(i) 3138 2.85 4.15 1.30 47.54 1.43 0.07 0.07 0.05
---------------------------------------------------------------------------
South Wall(i) 3139 4.15 4.75 0.60 0.35 0.04 0.01 0.01 0.03
---------------------------------------------------------------------------
South Wall 3099 4.75 5.85 1.10 0.06 0.03 0.00 0.00 0.02
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South Wall 3109 5.85 6.85 1.00 4.81 0.03 0.01 0.00 0.01
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South Wall 3111 6.85 7.40 0.55 0.67 0.19 0.03 0.10 0.24
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Average Grade 7.40 14.35 0.37 0.03 0.03 0.06
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Includes(i) 4.75 21.26 0.54 0.04 0.04 0.05
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Roof Wall 3168 0.00 0.50 0.50 4.92 0.55 0.14 0.08 0.15
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Roof Wall 3167 0.50 0.95 0.45 64.90 0.91 0.30 0.05 0.05
---------------------------------------------------------------------------
Roof Wall 3166 0.95 1.35 0.40 82.10 3.89 2.59 0.17 0.31
---------------------------------------------------------------------------
Roof Wall 3165 1.35 1.60 0.25 8.40 0.12 0.02 0.02 0.05
---------------------------------------------------------------------------
Roof Wall 3164 1.60 2.70 1.10 0.61 0.02 0.00 0.00 0.01
---------------------------------------------------------------------------
Roof Wall 3163 2.70 3.10 0.40 0.16 0.02 0.00 0.00 0.01
---------------------------------------------------------------------------
Roof Wall 3162 3.10 3.60 0.50 40.10 1.20 0.01 0.12 0.29
---------------------------------------------------------------------------
Roof Wall 3161 3.60 4.10 0.50 11.85 0.93 0.01 0.03 0.03
---------------------------------------------------------------------------
Roof Wall 3160 4.10 4.85 0.75 111.50 5.14 1.13 0.26 0.23
---------------------------------------------------------------------------
Average Grade 4.85 36.48 1.49 0.43 0.08 0.12
---------------------------------------------------------------------------
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Sample Analysis and QA/QC procedures
The samples are sent to the internationally certified laboratory
Certimin S.A. for analysis and checks of mineralized sections are
made by sending reject samples to ALS Chemex Peru and to SGS del
Peru S.A.C. Samples were assayed by ICP analysis and for assays
greater than 10 g/t Au a gravimetric FAA finish assay is used.
Standards, blanks and duplicates are used in the sampling process
as part of the QA/QC for the sampling in the cross cut. Additional
check samples were sent to SGS del Peru S.A.C for carrying out spot
check analysis verifications. The program, sampling, collection of
samples and the QA/QC is implemented and followed by Alonso
Sanchez, Chief Geologist for Dynacor Gold Mines, B.Eng and QP under
the American Institute of Professional Geologists (AIPG).
Mineralization and Historical Results
The mineralization in the Manto Dorado is mainly high grade gold
mineralization (Au) and polymetallic mineralization (Ag-Cu-Pb-Zn)
with the presence of pyrite, chalcopyrite, galena and sphalerite
occurring in a shear structure of quartz-carbonate with sericite.
The Manto Dorado structure was previously intercepted in a 2008
drilling program with results of 12.80 g/t Au, 0.46 oz/t Ag over
1.40 m in drill hole HDD03-2008, and 23.80 g/t Au, 0.09 oz/t Ag
over 1.20 m in drill hole HDD06-2008. The recent results from the
sampling in the cross cut and the historical results demonstrate
the continuity and wide mineralization potential in the Manto
Dorado.
Northwest of the Manto Dorado other veins were intercepted in
2002-2003 and 2008 drilling campaigns. The Rosa Vein was
intercepted in drill hole TCD6 grades 12.25 g/t Au and 0.023 oz/t
Ag over 1.30 m, in drill hole HDD07 grades 13.80 g/t Au and 0.09
oz/t Ag over 0.65 m and in drill hole HDD11 grades 6.33g/t Au and
0.073 oz/t Ag over 2.76 m.
Further Drilling Results on Zone 4 of the skarn
The first results from the drilling campaign targeting Zone 4 of
the Tumipampa skarn were reported in the press release dated May 7,
2013 "Drilling at Tumipampa reveals high levels of anomalous
polymetallic grades for Ag, Cu, Mo and Zn". Subsequently, four (4)
additional holes were drilled in Zone 4 of the skarn. Drill
HDD-03-2013 and HDD-04-2013 did not intercept any mineralized zones
and the cores were not analysed. Core assays from HDD-05-2013 and
HDD-06-2013 returned low levels anomalous values for Au and Ag in
some of the mineralized segments made up of altered monzonites. The
Company's Chief geologist and his team will analyse and compile all
the exploration and drilling data from this zone in order to define
the next steps in the exploration of the skarn.
Q3/Q4 Exploration Outlook
The next steps in the Company's 2013 Tumipampa exploration
campaign is to continue advancing the cross cut to extend to 300 m
and the objective is to set up underground drilling bays to drill
the recently intercepted Manto Dorado and at 300-meter mark to
drill the Rosa vein and the "A" vein.
Jean Martineau, President and CEO of Dynacor has commented on
the exceptional results obtained on the Manto Dorado: "The Company
has been patiently exploring its Tumipampa property since 2002 and
management as well as our geologists have always been persuaded
that there was a considerable potential for a discovery. The
amazing high gold grades found in the Manto Dorado have vindicated
our belief in this property. We will now begin our underground
drilling exploration campaign centred on the Manto Dorado and the
Rosa and A veins. I would also like to thank our shareholders for
their patience and support. I am sure that this discovery will in
the future add considerable value to your Company".
This Press Release has been read and approved by Alonso Sanchez,
P. Eng. and Chief Geologist for Dynacor Gold Mines. He acts as the
qualified person ("QP") for the Company and is a geologist
affiliated to the American Institute of Professional Geologists
(AIPG).
A figure is available at the following address:
http://media3.marketwire.com/docs/Dynacor_fig1_Tupipampa.pdf.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is an ore processing and gold exploration and mining
company active in Peru through its subsidiaries since 1996. The
Company differentiates itself from pure exploration companies as it
also generates income and cash flow from its wholly owned ore
processing plant in Peru. The Company's assets include five
exploration properties, including the Tumipampa property, as well
as its 220 tpd gold and silver ore processing mill at Acari.
Dynacor's mill produces gold from the processing of ore purchased
from ore producers from all over Peru. Dynacor's strength and
competitive advantage comes with the experience and knowledge the
Company 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.
Website:http://www.dynacorgold.com
Twitter:http://twitter.com/DynacorGold
Facebook:http://www.facebook.com/pages/Dynacor-Gold-Mines-Inc/222350787793085
Shares outstanding: 36 273 611
Contacts: 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
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