Dynasty Gold Renews Golden Repeat Drill Permit and Granting Stock Options
Nov 08, 2017, 18:23 ET
VANCOUVER, Nov. 8, 2017 /CNW/ - Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is pleased to announce that it has renewed the Golden Repeat drill permit by depositing additional bonds with the Bureau of Land Management ("BLM") in Elko County, Nevada, U.S.A.
The Company's 100-per-cent-owned Golden Repeat claims are located in the Elko County, in the most prolific Midas region of Nevada. The Property is located 15 kilometers west-southwest of Klondex's Midas Mine and 15 kilometres west-northwest of Klondex's Hollister Mine. The Golden Repeat claims host many geological similarities with the well-known Midas epithermal gold-silver mining district. Surface work carried out in the fall of 2016 has confirmed that the NNW-trending Clover Fault zone does extend northward from the Clover property (owned by Waterton, LLP) boundary, through the Golden Repeat property. The same surface program also identified drill targets that delineate the Clover Fault zone and tested the high-grade Midas-style gold-silver mineralization that was found disseminated in the Clover Rhyolite on the Clover property.
The Company is to grant 1,075,000 five-year incentive stock options to officers and directors. The options are granted in accordance with the terms of the Company's stock option plan. They are exercisable at a price of $0.20, and will vest over a period of 18 months.
The Company's Director, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information contained in this news release.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America. For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
Ivy Chong, President & CEO
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Dynasty Gold Corp.
For further information: Vancouver Office: Ivy Chong, Phone: 604.633.2100. Email: [email protected]
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