Dynasty Gold launching 5,000-metre drill program to follow up new discovery at Thundercloud Project, Ontario

Dynasty Gold Corp. [TSXV: DYG; FSE: D5G1; OTC Pink: DGDCF] posted its plans for the 2025 exploration program on its 100%-owned Thundercloud property, located in the Archean Manitou-Stormy Lakes Greenstone Belt, 47 km southeast of Dryden, northwestern Ontario.

Dynasty’s previous exploration work in Pelham Zone outlined mineralization in a sub-horizontal north-easterly plunging body within a regional scale north-dipping shear zone. Gold at the Pelham is found in basalt, gabbro, and conglomerate. The Pelham Mineral Resource Estimate (MRE) zone coincides with a high-IP-Chargeability response at the vertical depth of the gold mineralization. Gold in the MRE zone is associated with sulphides, mainly pyrite (with higher-pyrite-content containing increased amounts of gold).

Also, in areas where pyrite and pyrrhotite are found together, it leads to higher gold tenor. These iron-bearing sulphides can also be detected by airborne magnetic surveys.

This drill program will target eastwardly-plunging northerly-dipping gold-bearing Shear zone east of Pelham to support an upgrade to the existing NI 43-101 open-pit Mineral Resource Estimate (MRE) for the Pelham Zone, completed in 2021 prior to Dynasty’s drilling. Through Dynasty’s 7,400 metres of drilling, an internal resource model indicates that the resource has expanded significantly in both size and grade.

Notably, the outline of the currently defined Pelham MRE Zone closely aligns with the northern margin of an east-west trending magnetic high anomaly, as identified in a 2022 drone-based airborne magnetic survey. Moderate to high IP chargeability responses coincide with zones of elevated sulphide concentrations and correspond with the variable depth distribution of gold mineralization intersected by drilling.

A significant interval of up to several percent pyrite with anomalous gold values was intersected by TC24-06 drilled 1 km south of the Pelham Zone in 2024, testing one of the IP anomalies, reminiscent of the low-grade pyrite halo surrounding the high-grade core mineralization at the Pelham Zone.

A program of up to 2,000 metres of drilling is planned in this area for 2025 to explore for a repeat of the Pelham Zone. Historical work conducted within these southern High-IP-Chargeability zones confirms the widespread occurrence of sulphides and anomalous gold mineralization. These chargeability anomalies coincide with moderate to high magnetic responses, the latter likely attributable to the presence of pyrrhotite.

Work in the southern Pelham includes geological mapping over the identified geophysical anomalies to assist with refining the location of drill targets planned for this area during the 2025 2000m drill campaign.

Recent evaluation and integration of historical magnetic, IP chargeability, and geochemical data for the Contact Zone has established a new exploration focus for the property, with several new targets identified for follow-up in the upcoming 2025 summer or fall season.

Dynasty Gold is focused on projects in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The 100%-owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines.