The discoveries were made in a new trench sampling program that, to date, has included 222 channel rock samples from over 140 trenches. 153 assays have now been received, with results ranging from 17.27 grams per tonne ("g/t") gold to 0.20 g/t gold and 297 g/t silver to 1 g/t silver over an average channel sample width of 1.2 m. The exploration program is on-going.
Significant results received to date are set out in the table below:
Company President and CEO, Rob Washer, commented: "We are very pleased with these results. Together with the results from our initial, 2005 drilling at Cerro Verde and Papayal, they support our view that the Dynasty Goldfield is a world-class gold and silver exploration target."
The Company expects shortly to have two diamond drill rigs on site and to commence drilling at the Dynasty Goldfield to further test both the previously-identified, and the newly-discovered, vein and stockwork systems.
Initial Dynasty Goldfield Resources Estimate
As previously announced, the Company has commissioned an independent, initial estimate of gold and silver resources identified at the Dynasty Goldfield by drilling and sampling completed in 2005. The database includes 1,816 drill sample assays from 6,843 meters of diamond core drilling in 58 holes and assays from 1,186 channel rock samples from trenches. The Company has been advised that this NI 43-101 compliant report is substantially complete and should be delivered shortly.
Cerro Blanco Sampling
The Company also reports results from an initial rock channel sampling program at the Cerro Blanco porphyry-style system. Cerro Blanco covers an area 1500 metres by 500 metres and is thought possibly to be associated with the Dynasty Goldfield. It is located adjacent to southern end of Cerro Verde, in the Dynasty Copper-Gold Belt, a 90 km by 20 km corridor of contiguous mineral concessions held by the Company that runs north from the Peruvian border in southern Ecuador.
To date, assays results have been received from a total of 11 rock channel samples varying in length from 2 metres to 0.6 metres. Grades range from 0.8% copper to 0.002% copper, 2.45 g/t gold to 0.02 g/t gold and 13.2 g/t silver to 0.3 g/t silver. Significant copper, gold and molybdenum results are set out in the table below:
These results are interpreted to indicate potential for a major, disseminated, bulk-mineable copper-gold target. Further exploration is planned.
Cerro Blanco is one of a number of porphyry-style targets that the Company has identified to date and is beginning to explore in the Dynasty Copper-Gold Belt.
Quality Control and Assurance
Exploration of the Company's properties is under the supervision, of Greg Whitfield, the Company's Exploration Manager and a "qualified person", as defined by National Instrument 43-101. Mr. Whitfield is responsible for the preparation of technical information in this news release. Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Quito, Ecuador for preparation. Sample pulps are shipped by BSI Inspectorate to its laboratory in Lima, Peru for gold fire assay, silver and multi-element ICP analysis.
Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador. The Company has two advanced stage projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield. For further information about the Company, please contact Murray Oliver at (604) 687-0888 or firstname.lastname@example.org visit the Company's website at www.dynastymining.com.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
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