LAS VEGAS, June 22, 2011 /CNW/ - Gold Dynamics Corp. (OTCBB: GLDN)
("Gold Dynamics Corp." or the "Company") is pleased to announce that a
National Instrument 43-101 will be commissioned on the Santiago Gold
Property. The Company is planning on conducting interviews with
various geological firms to undertake the implementation of producing a
National Instrument 43-101 Report.
National Instrument 43-101 (the "NI 43-101") is a mineral resource classification report used for the public disclosure of information relating to
mineral properties. The NI 43-101 is a strict guideline for how public
companies can disclose scientific and technical information about
mineral projects. Disclosures covered by the NI 43-101 code include
press releases of mineral exploration reports, reporting of resources and reserves, presentations, oral comments, and websites. The NI 43-101 covers
metalliferous, precious metals and solid energy commodities as well as
bulk minerals, dimension stone, precious stones and mineral sands
The Santiago Gold Property is located in the state of Durango, Mexico
which is situated in the "Sierra San Francisco" mountain range.
Abandoned historic mines and various smaller Au prospects are located
throughout the entire mountain range. A famous historic mining camp
called "Promontorio" is located 7 km north of the Santiago project.
Between 1180 and 1946 this mine was one of the most prominent Mexican
silver and gold producers.
There are several existing projects located within the region of the
Santiago Gold Project:
1) Promontorio 7km North
Silver Wheaton , $11.6B Marketcap
12M Oz Ag, historical resource
2) Yerbabuena 15km North
Camino Minerals, $22M Marketcap
3) Coneto 28km South East
Orex Minerals, $27M Marketcap - Joint venture with major operator
Fresnillo, $9.7B Marketcap
Exploration for gold/silver
4) Claudia 30km West
Silver Wheaton, $11.6B Marketcap
1.2M Oz Au historical resource
75M Oz Ag historical resource
The Company is planning on further examination of the past geological
work performed and also on commencing new exploration work including a
phase one drilling program to investigate the Bella-Vista and Tascate
For a full account of Gold Dynamics Corp. corporate objectives and
contact information, please visit the website at www.golddynamics.com
ABOUT GOLD DYNAMICS CORP.
Gold Dynamics Corp. is an emerging precious metals explorer focused on
underexplored regions of the world that is seeking to grow shareholder
value by building gold and silver mineral resources through systematic
exploration. The Company has brought together a highly experienced
board and management team consisting of capable professionals with
significant development and mine management experience.
Gold Dynamics Corp. seeks to identify, acquire, and develop deposits
which have the potential to be world class and in an acceptable risk
environment. Social responsibility and environmental stewardship are
core values of the Company.
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.
SOURCE Gold Dynamics Corp.
For further information:
please call 949-419-6588