Dynasty finds high-grade gold in Ecuador

Vancouver — Dynasty Metals & Mining (DMM-V) has uncovered high-grade gold and silver mineralization on its Dynasty copper-gold project in southwestern Ecuador.

Sixteen trench samples taken on 12 epithermal vein swarms at the Papayal and Cerro Verde zones returned an average grade of 21 grams gold per tonne over typical widths of 1.3 metres. Silver values ranged from 29 to 5,100 grams per tonne.

The vein swarms occur over a 12-by-3-km area. They are associated with porphyry intrusives occurring in a 90-by-20-km-wide mineralized corridor trending northeast from Peru.

Dynasty has identified six major copper-gold porphyry systems in the project area.

Dynasty recently traded at 95 and has a market capitalization of $18 million. There are 19.4 million shares outstanding.