Investors of Canadian exploration company Dynasty Gold (TSX-V: DYG) (OTC: DGDCF) saw their holdings skyrocket as Dynasty Gold climbed to new multi-year all time highs. On Tuesday, Dynasty reported assay results of its Phase 1 2022 maiden drill campaign on its Thundercloud gold property in northern Ontario.

The newly released assay results are the best the company has reported from its Thundercloud property. The drill program consisted of four near-surface shallow holes, returning samples measuring as high as 246 g/t over 1.5m length in core.

During drilling, three holes were made in areas that were identified as magnetic “highs” by drone magnetic survey, and to DYG’s surprise, a new discovery of wide zones and high-grade gold-bearing quartz veins has been made. The new discovery of high-grade gold-bearing quartz veins warrants the need to further its drilling operations.

President and CEO of Dynasty Gold, Ms. Ivy Chong was quoted “We are thrilled with these outstanding results in our first drill program on the property. They are the highest gold grades, the longest and the widest intercepts ever drilled at the property. These drill results indicate a much bigger resource potential with higher grades at Thundercloud. The data will assist in building a structural model for a NI 43-101 resource update, and future drill target planning for resource expansion."

Significant Assay Highlights:

• DP22-02 intercepted 1.31 g/t Au over 121 m from 102 m;
  • Including 15.06 g/t Au over 9 m:
  • Including 43.47 g/t Au over 3 m.
• DP22-03 intercepted 7.35 g/t Au over 51 m from 88.5 m, contains the longest intercepts with the highest gold grades to date;
  • Including 13.01 g/t Au over 28.5m:
  • Including 25.66 g/t Au over 12.5 m:
  • Including 101 g/t Au over 3 m:
  • Including 246 g/t Au over 1.5 m.
• DP22-04 intercepted 0.764 g/t Au over 40.5 meters from 120 m;
  • Including 8.61 g/t Au over 3 m:
  • Including 25.1 g/t Au over 1.5 m.

• Assay Results:

  Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)
  DP22-01	9.0 25.5 30.0	25.5 30.0 252.0	15.5 4.5 222.0	0.104 0.269 0.0815
  DP22-02 Including Including Including	0 77.0 83.0 102.0 189.0 189.0 190.5	77.0 83.0 102.0 223.50 214.5 198.0 193.5	Not sampled 5.0 Not sampled 121.0 25.5 9.0 3.0	0.072 1.31 5.37 15.06 43.47
  DP22-03 Including Including Including Including And	0 88.5 111.0 112.5 118.5 118.5 139.5 148.5	88.5 139.5 139.5 125.0 121.5 120.0 148.5 154.5	Not sampled 51.0 28.5 12.5 3.0 1.5 Not sampled 6.0	7.35 13.01 25.66 101.1 246.0 1.90
  DP22-04 Including Including	0 20.58 120.0 144.0 147.0	20.58 120 160.5 147.0 148.5	Not sampled Negligible values 40.5 3.0 1.5	0.764 8.61 25.1

   

  The first sample of assay results from Thundercloud look extremely promising for the potential of continued high-grade gold mineralization. Dynasty Gold acquired the Thundercloud property from resource giant Teck Resources after amending an agreement back in September 2021.

  Dynasty’s strong assays results catapulted the stock during yesterday’s trading session, as DYG soared 242%, hitting $.43 cents, a new 52 week and multi-year high. Not only did shares of DYG hit a new high, the trading volume was also the highest in the corporation’s history, with 4.25 million shares trading hands. 

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