TORONTO, June 12, 2013 /CNW/ - Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) is pleased to report their Hoyle North property is situated in an active mining area and is also within resource trend lines of several successful operators with recent excellent drill results.
At the neighbouring Bell Creek Mine operated by Lake Shore Gold, they recently drilled 625 holes with excellent results. The gold resource totals 4.68 Mt grading 4.72 grams per ton (g/t) amounting to 710,300 ounces of gold in the Measured and Indicated category and 6.08 Mt grading 4.62 g/t amounting to 903,700 ounces of gold in the inferred category.
The Bell Creek Mine is situated approximately 10 km south west of Gold Dynamic's Hoyle North and both properties lie in the south-west trending Porcupine-Destor Fault and mesothermal gold mineralization associated with several styles of vein structures at or near the contacts of Timiskaming sediments with mafic and ultramafic volcanic rocks in Abitibi greenstone belt.
About Gold Dynamics
Gold Dynamics Corp. is an emerging precious metal explorer focused on under-explored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration.
This press release contains forward-looking statements that are based on the beliefs of management and reflect the Company's current expectations. The forward-looking statements are based on certain assumptions, which could change materially in the future. By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include the risk that the Company may not fully advance the North Hoyle Project contemplated in this press release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking information. Forward-looking information is provided as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required in accordance with applicable laws.
SOURCE: Gold Dynamics Corp.
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