Dynacor Increases by 58.5% the land area of its Tumipampa property and
reports new exploration data on the Au/Cu/Ag/Mo/Bi skarn structure

    
    Dynacor Gold Mines Inc. (dynacor)
    Symbol: DNG
    Toronto Stock Exchange (TSX)
    

MONTREAL, Jan. 27 /CNW Telbec/ - Dynacor Gold Mines is pleased to announce that it has acquired an additional 1 550 ha of mining claims which are adjacent to the northern part of its Tumipampa property. These strategic acquisitions were made to ensure that the company controls the north-west and western lateral extensions of the mineralized skarn horizon associated with the Ferrobamba formation. The latter is well known for its gold (Au), silver (Ag), copper (Cu), molybdenum (Mo) et bismuth (Bi) mineralization. The total surface area of the Tumipampa property is now 4,200 ha, an increase of 58.5%, and entirely encompasses the polymetallic skarn structure that Dynacor is actively exploring.

The new claims were acquired in two steps. Firstly, 250 ha were obtained by registering these claims with the Ministry of Mines since they had been abandoned by their previous owners. A further 1,300 ha was purchased from a Peruvian company in exchange for a cash down payment and normal contractual terms relating to future exploration and the repurchasing of net smelter royalty (nsr) rights.

TUMIPAMPA PROPERTY

The Tumipampa project is located 500 km from the city of Lima, in the Circa district, Province of Abancay, Department of Apurimac. Dynacor Gold now owns a total of 4,200 hectares which are adjacent to concessions being explored by international mining companies such as: Bear Creek and Southern Peru. The northern part of the Tumipampa property is underlain by the limestone-bearing Ferrobamba formation which hosts the "Tintaya" deposit, a Cu-Au skarn deposit. Tintaya is a world class skarn deposit with more than 139 million tonnes of 1.23% Cu and 0.23 g/t Au. Tintaya is located approximately 197 km to the north-east of the Tumipampa property. Furthermore, as shown on the map below Tumipampa is located close to a series of recently discovered mineralized deposits such as Los Chancas (200 million tonnes of 1% Cu) (Southern Peru), Las Bambas (860 million tonnes of 0.93% Cu and 0.11 g/t Au and 0,02% Mo) (Xstrata) and Constancia (277 million tonnes of 0.05 g/t Au and 0.46% Cu) (Norsemont). All of these world class deposits are part of a Cu-Au porphry-skarn belt that is associated with the Andahuaylas-Yauri intrusive that is 300 km long and 150 km wide.

NEW EXPLORATION RESULTS

Two channel sampling campaigns were carried out on the Tumipampa property from July 2009 to January 2010. 613 channel samples (0.5 to 1.5 meters long) were collected and Dynacor also undertook a detailed mapping and surface sampling study in the claims that were recently acquired in the northern part of the property. The mineralized skarn structure is formed by metamorphic processes within the contact zone between the Ferrobamba limestones and the batholitic

Andahuaylas-Yauri intrusive body. On the Tumipampa property, the skarn structure is located in the north-north-west sector and follows a west-north-west and east-south-east axis. The skarn is ca. 4.0 km long and 1.5 km wide.

The 613 channel samples were collected from Zones 1-4 (see map below) and 330 samples (53%) had anomal gold (Au) grades ((greater than)0.01 g/t), 198 samples (32%) had anomal copper (Cu) grades ((greater than)0.01 %), and 44 samples had anomal molybdenum (Mo) grades ((greater than)0.0033%). Finally, it is important to underline that 144 samples (23.49%) had very significant gold or copper grades or both.

The percentage of significant results by zone is given below:

    
    - Zone 1 :    9 samples     (6.25%)

    - Zone 2 :   58 samples     (40.28%)

    - Zone 3 :   35 samples     (24.31%)

    - Zone 4 :   42 samples     (29.17%)
    

and the data for the 4 zones are given in the tables below.

Table 1 : Channel samples from Zone 1 with significant results. Gold (Au) grades from 0.01 to 0.852 g/t and copper (Cu) grades from 0.001 à 1.53%.

    
    -------------------------------------------------------------------------
    ZONE       Samples    Au (g/t)   Ag (oz/t)    Cu (%)  Mo (ppm)  Bi (ppm)
    -------------------------------------------------------------------------
    Zone 1        1463      0.852       0.016     0.001         4         9
    -------------------------------------------------------------------------
    Zone 1        1462      0.495       0.016     0.002        10         2
    -------------------------------------------------------------------------
    Zone 1        1399      0.340       0.026     0.002        10         7
    -------------------------------------------------------------------------
    Zone 1        1461      0.303       0.016     0.001        21        10
    -------------------------------------------------------------------------
    Zone 1        1464      0.266       0.016     0.001         8        10
    -------------------------------------------------------------------------
    Zone 1        1460      0.149       0.016     0.001        15        10
    -------------------------------------------------------------------------
    Zone 1        1465      0.031       0.273     1.530         1         2
    -------------------------------------------------------------------------
    Zone 1        1466      0.028       0.100     1.330         1         5
    -------------------------------------------------------------------------
    Zone 1        1453      0.010       0.032     0.247         1         2
    -------------------------------------------------------------------------
    

Table 2 : Channel samples from Zone 2 with significant results. Gold (Au) grades from 0,01 to 7,0 g/t and copper (Cu) grades 0,001 to 5,65%. High silver (Ag) grades from 0.01 to 3.2 ounces per tonne.

    
    -------------------------------------------------------------------------
    ZONE       Samples    Au (g/t)   Ag (oz/t)    Cu (%)  Mo (ppm)  Bi (ppm)
    -------------------------------------------------------------------------
    Zone 2        1226      7.040       0.016     0.013        42        11
    -------------------------------------------------------------------------
    Zone 2        2159      1.630       1.649     3.820         7       272
    -------------------------------------------------------------------------
    Zone 2        2172      1.500       2.598     3.960        17       183
    -------------------------------------------------------------------------
    Zone 2        2190      1.495       0.058     0.004        45         9
    -------------------------------------------------------------------------
    Zone 2        2167      1.460       1.939     3.700         6       232
    -------------------------------------------------------------------------
    Zone 2        2168      1.290       2.058     4.200         6       216
    -------------------------------------------------------------------------
    Zone 2        1478      1.255       1.556     3.570         2       115
    -------------------------------------------------------------------------
    Zone 2        2173      1.250       1.350     2.160        49       205
    -------------------------------------------------------------------------
    Zone 2        1484      1.205       1.373     4.060         5       312
    -------------------------------------------------------------------------
    Zone 2        2169      1.185       3.202     5.650         9       213
    -------------------------------------------------------------------------
    Zone 2        2188      1.150       0.032     0.001        48        22
    -------------------------------------------------------------------------
    Zone 2        2187      1.080       0.032     0.012        16         8
    -------------------------------------------------------------------------
    Zone 2        2166      1.035       1.733     3.520         2       207
    -------------------------------------------------------------------------
    Zone 2        2160      0.999       2.366     4.450         2       258
    -------------------------------------------------------------------------
    Zone 2        2163      0.897       2.003     3.490        11       180
    -------------------------------------------------------------------------
    Zone 2        1480      0.722       1.100     3.400         1        81
    -------------------------------------------------------------------------
    Zone 2        2181      0.714       0.035     0.001        12         2
    -------------------------------------------------------------------------
    Zone 2        2185      0.709       0.048     0.001        50         8
    -------------------------------------------------------------------------
    Zone 2        2189      0.678       0.016     0.001         3         2
    -------------------------------------------------------------------------
    Zone 2        2182      0.573       0.026     0.001        24         9
    -------------------------------------------------------------------------
    Zone 2        2183      0.527       0.055     0.001        21         5
    -------------------------------------------------------------------------
    Zone 2        1785      0.518       0.016     0.022         3         2
    -------------------------------------------------------------------------
    Zone 2        2164      0.506       2.125     4.380        14       224
    -------------------------------------------------------------------------
    Zone 2        1248      0.505       1.579     3.450         1       200
    -------------------------------------------------------------------------
    Zone 2        1245      0.489       2.006     3.620         8       152
    -------------------------------------------------------------------------
    Zone 2        2170      0.481       2.141     3.270        18       167
    -------------------------------------------------------------------------
    Zone 2        2157      0.425       1.685     3.370         9       177
    -------------------------------------------------------------------------
    Zone 2        1246      0.393       0.511     0.970         1        30
    -------------------------------------------------------------------------
    Zone 2        1787      0.386       0.016     0.002         2         4
    -------------------------------------------------------------------------
    Zone 2        1243      0.338       0.482     2.530        10       196
    -------------------------------------------------------------------------
    Zone 2        2191      0.335       0.019     0.001         7         2
    -------------------------------------------------------------------------
    Zone 2        1575      0.290       0.061     0.189        29         3
    -------------------------------------------------------------------------
    Zone 2        1247      0.274       0.936     1.770         1        88
    -------------------------------------------------------------------------
    Zone 2        1240      0.260       0.939     1.110         1        64
    -------------------------------------------------------------------------
    Zone 2        1230      0.248       0.016     0.001         2         5
    -------------------------------------------------------------------------
    Zone 2        1225      0.222       0.016     0.005        19         7
    -------------------------------------------------------------------------
    Zone 2        2161      0.217       0.694     1.275         3        93
    -------------------------------------------------------------------------
    Zone 2        2165      0.211       1.157     2.490         5       190
    -------------------------------------------------------------------------
    Zone 2        1229      0.201       0.016     0.000         8         5
    -------------------------------------------------------------------------
    Zone 2        2186      0.201       0.055     0.001         7         4
    -------------------------------------------------------------------------
    Zone 2        2175      0.169       0.273     1.175         2       116
    -------------------------------------------------------------------------
    Zone 2        1479      0.142       0.177     0.408         2        15
    -------------------------------------------------------------------------
    Zone 2        2184      0.133       0.032     0.000        14         2
    -------------------------------------------------------------------------
    Zone 2        1227      0.132       0.016     0.003        10         3
    -------------------------------------------------------------------------
    Zone 2        1223      0.126       0.016     0.002        20         5
    -------------------------------------------------------------------------
    Zone 2        1482      0.108       0.833     1.340        29         8
    -------------------------------------------------------------------------
    Zone 2        1239      0.102       0.016     0.001        14         2
    -------------------------------------------------------------------------
    Zone 2        2171      0.056       0.402     2.050         2        67
    -------------------------------------------------------------------------
    Zone 2        2162      0.032       0.138     1.140         2        40
    -------------------------------------------------------------------------
    Zone 2        1801      0.034       0.492     0.995         7         2
    -------------------------------------------------------------------------
    Zone 2        2178      0.049       0.395     0.958         7       116
    -------------------------------------------------------------------------
    Zone 2        1244      0.085       0.087     0.801        10        42
    -------------------------------------------------------------------------
    Zone 2        2179      0.018       0.215     0.502         3        35
    -------------------------------------------------------------------------
    Zone 2        1802      0.042       0.212     0.425        22         6
    -------------------------------------------------------------------------
    Zone 2        2174      0.017       0.116     0.341         4        36
    -------------------------------------------------------------------------
    Zone 2        1483      0.069       0.267     0.283        36        12
    -------------------------------------------------------------------------
    Zone 2        1241      0.061       0.180     0.282         1        18
    -------------------------------------------------------------------------
    Zone 2        1818      0.036       0.058     0.152         1        15
    -------------------------------------------------------------------------
    

Table 3 : Channel samples from Zone 3 with significant results. Gold (Au) grades from 0.1 to 14.65 g/t and copper (Cu) grades from 0.001 to 3.06%. Molybdenum grades up to 325 ppm.

    
    -------------------------------------------------------------------------
    ZONE       Samples    Au (g/t)   Ag (oz/t)    Cu (%)  Mo (ppm)  Bi (ppm)
    -------------------------------------------------------------------------
    Zone 3        1769     14.650       0.537     0.006         3         2
    -------------------------------------------------------------------------
    Zone 3        1745     10.250       0.222     0.019        85        24
    -------------------------------------------------------------------------
    Zone 3        1732      6.050       0.193     0.014       100        51
    -------------------------------------------------------------------------
    Zone 3        1372      5.820       0.077     0.006        19         2
    -------------------------------------------------------------------------
    Zone 3        1573      4.040       0.167     0.006         7         7
    -------------------------------------------------------------------------
    Zone 3        1381      3.780       0.048     0.080        12        30
    -------------------------------------------------------------------------
    Zone 3        1742      3.440       0.138     0.005       325        18
    -------------------------------------------------------------------------
    Zone 3        1369      2.880       0.080     0.009        35         2
    -------------------------------------------------------------------------
    Zone 3        1706      2.110       0.180     0.141        90        47
    -------------------------------------------------------------------------
    Zone 3        1736      2.100       0.019     0.002        14         2
    -------------------------------------------------------------------------
    Zone 3        1803      1.775       0.016     0.003         8         9
    -------------------------------------------------------------------------
    Zone 3        1571      1.620       0.035     0.002        10         5
    -------------------------------------------------------------------------
    Zone 3        1603      1.440       0.228     0.005         9        20
    -------------------------------------------------------------------------
    Zone 3        1770      1.305       0.051     0.012         1         2
    -------------------------------------------------------------------------
    Zone 3        1804      1.255       0.016     0.009        25         4
    -------------------------------------------------------------------------
    Zone 3        1838      1.135       0.016     0.004         6         4
    -------------------------------------------------------------------------
    Zone 3        1772      0.985       0.016     0.001         3         2
    -------------------------------------------------------------------------
    Zone 3        1572      0.838       0.068     0.011        10         8
    -------------------------------------------------------------------------
    Zone 3        1367      0.737       0.032     0.002         5         2
    -------------------------------------------------------------------------
    Zone 3        1744      0.584       0.537     0.014        85        42
    -------------------------------------------------------------------------
    Zone 3        1839      0.543       0.035     0.007        30        13
    -------------------------------------------------------------------------
    Zone 3        1743      0.422       0.026     0.002        15         2
    -------------------------------------------------------------------------
    Zone 3        1739      0.411       0.019     0.003        82         6
    -------------------------------------------------------------------------
    Zone 3        1569      0.377       0.476     0.007       294        61
    -------------------------------------------------------------------------
    Zone 3        1741      0.322       0.016     0.002        40         2
    -------------------------------------------------------------------------
    Zone 3        1574      0.302       0.016     0.003        27         7
    -------------------------------------------------------------------------
    Zone 3        1596      0.282       0.039     0.002         4         2
    -------------------------------------------------------------------------
    Zone 3        1816      0.228       1.202     3.060        17        13
    -------------------------------------------------------------------------
    Zone 3        1567      0.213       0.129     0.005        70        41
    -------------------------------------------------------------------------
    Zone 3        1710      0.201       0.035     0.003        13         4
    -------------------------------------------------------------------------
    Zone 3        1707      0.175       0.100     0.107        36        25
    -------------------------------------------------------------------------
    Zone 3        1576      0.156       0.016     0.013         2         2
    -------------------------------------------------------------------------
    Zone 3        1737      0.156       0.016     0.000        11         2
    -------------------------------------------------------------------------
    Zone 3        1702      0.150       0.035     0.004         9         2
    -------------------------------------------------------------------------
    Zone 3        1723      0.111       0.016     0.003         8         3
    -------------------------------------------------------------------------
    

Table 4 : Channel samples from Zone 4 with significant results. Gold (Au) grades from 0.01 to 13.4 g/t and copper (Cu) grades from 0.004 to 2.91%. Bismuth (Bi) grades greater than the detection limit (10000 ppm) or 1%. Molybdenum grades up to 769 ppm.

    
    -------------------------------------------------------------------------
    ZONE       Samples    Au (g/t)   Ag (oz/t)    Cu (%)  Mo (ppm)  Bi (ppm)
    -------------------------------------------------------------------------
    Zone 4        2059     13.400       0.039     0.096       114        15
    -------------------------------------------------------------------------
    Zone 4        2035      2.870       0.016     0.014        51       334
    -------------------------------------------------------------------------
    Zone 4        1590      2.540       0.473     0.218       769      1200
    -------------------------------------------------------------------------
    Zone 4        1610      2.300       0.122     0.099       372      1170
    -------------------------------------------------------------------------
    Zone 4        2029      2.000       0.019     0.037       207         8
    -------------------------------------------------------------------------
    Zone 4        1615      1.440       0.209     0.197        88     10000
    -------------------------------------------------------------------------
    Zone 4        2044      1.370       0.016     0.037        41        13
    -------------------------------------------------------------------------
    Zone 4        1614      1.360       0.190     0.194        35      8340
    -------------------------------------------------------------------------
    Zone 4        1583      0.959       0.016     0.109        54        10
    -------------------------------------------------------------------------
    Zone 4        1616      0.871       0.055     0.151        31       963
    -------------------------------------------------------------------------
    Zone 4        1617      0.812       0.174     0.416        32      2640
    -------------------------------------------------------------------------
    Zone 4        1611      0.683       0.228     0.202       171     10000
    -------------------------------------------------------------------------
    Zone 4        2024      0.629       0.016     0.029        72         9
    -------------------------------------------------------------------------
    Zone 4        2031      0.595       0.016     0.041        73         3
    -------------------------------------------------------------------------
    Zone 4        2027      0.556       0.016     0.148        41        19
    -------------------------------------------------------------------------
    Zone 4        1613      0.451       0.235     0.194       268      2370
    -------------------------------------------------------------------------
    Zone 4        1622      0.381       0.026     0.020        11         7
    -------------------------------------------------------------------------
    Zone 4        1584      0.320       0.019     0.140        29        11
    -------------------------------------------------------------------------
    Zone 4        1588      0.266       0.019     0.047        14         8
    -------------------------------------------------------------------------
    Zone 4        2038      0.261       0.016     0.010         4        20
    -------------------------------------------------------------------------
    Zone 4        2030      0.245       0.045     0.064        44         6
    -------------------------------------------------------------------------
    Zone 4        1623      0.243       0.019     0.023         3         4
    -------------------------------------------------------------------------
    Zone 4        1609      0.227       0.158     0.519        37       209
    -------------------------------------------------------------------------
    Zone 4        2009      0.224       0.019     0.010         7        18
    -------------------------------------------------------------------------
    Zone 4        1589      0.199       0.331     0.102        12        10
    -------------------------------------------------------------------------
    Zone 4        2060      0.170       0.016     0.034         5         7
    -------------------------------------------------------------------------
    Zone 4        2068      0.168       0.100     0.112        28        15
    -------------------------------------------------------------------------
    Zone 4        1587      0.158       0.151     0.104       133         9
    -------------------------------------------------------------------------
    Zone 4        1624      0.155       0.026     0.022         1         5
    -------------------------------------------------------------------------
    Zone 4        2062      0.152       0.016     0.069         2         7
    -------------------------------------------------------------------------
    Zone 4        1578      0.133       0.129     0.024         1         5
    -------------------------------------------------------------------------
    Zone 4        1580      0.124       0.058     0.004        18         4
    -------------------------------------------------------------------------
    Zone 4        1577      0.123       0.276     0.014         1         2
    -------------------------------------------------------------------------
    Zone 4        2007      0.102       0.286     0.030        21      1570
    -------------------------------------------------------------------------
    Zone 4        1799      0.043       0.733     2.910        16        76
    -------------------------------------------------------------------------
    Zone 4        2004      0.019       0.096     0.291         6        10
    -------------------------------------------------------------------------
    Zone 4        1612      0.015       0.026     0.241        10        74
    -------------------------------------------------------------------------
    Zone 4        2006      0.013       0.071     0.230        12        14
    -------------------------------------------------------------------------
    Zone 4        1585      0.073       0.064     0.198        33        19
    -------------------------------------------------------------------------
    Zone 4        2076      0.028       0.096     0.175        31         5
    -------------------------------------------------------------------------
    Zone 4        2075      0.015       0.116     0.162        19         2
    -------------------------------------------------------------------------
    Zone 4        2077      0.028       0.051     0.114         6         4
    -------------------------------------------------------------------------
    

All the samples were assayed at ALS CHEMEX Laboratories in Lima, Peru. The samples were analyzed for gold by Fire Assay (FA-AA-Finish) and finished by Atomic Absorption Spectroscopy, as well as for copper by inductively coupled plasma (ICP-AES) and atomic emission spectroscopy (AES) for over limits. Strict QA/QC protocols were followed for all samples.

PRELIMINARY DIAMOND DRILLING RESULTS ON THE SKARN (2008-2009)

In 2008 and 2009, two holes were drilled directly into the skarn structure and the following results were obtained DDH-08-19 (from 151.40 to 156.30 m : 15.464 g/t Au / 4.90 m) and DDH-08-20 (from 54.00 to 55.05 m: 1.205 g/t Au / 1.05 m)

EXPLORATION OUTLOOK for 2010

Dynacor's exploration team, led by the company's chief geologist, Alonso Sanchez, is actively preparing the 2010 exploration campaign that will build upon the very promising results obtained to date. The company plans to focus its exploration on the skarn structure and this will include surface geology, geophysical studies and diamond drilling of the most promising targets.

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).

    
    Sampling Location: Northern Sector of the Tumipampa Property:
    http://files.newswire.ca/848/Tumipampa.doc
    

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold exploration and mining company, that has been active in Peru through its subsidiaries since 1996. The Company's assets include the Acari, Casaden and Tumipampa exploration properties. The Acari mill produces gold by custom milling. 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.

SOURCE DYNACOR GOLD MINES INC.

For further information: For further information: Jean Martineau, President & CEO, Dynacor Gold Mines Inc., (514) 288-3224; Dale Nejmeldeen, Investor Relations, Dynacor Gold Mines Inc., (514) 288-3224, (778) 574-2806, nejmeldeen@dynacor

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