Tuesday, 7th June 2005 (2652 views)

Dynasty Gold has announced the completion of an independent mineral resource estimate for a mine in north-west China.

Canadian analyst Dr Jean-Francois Couture of Toronto-based SRK Consulting undertook the estimate for the Qi-2 deposit of the Hatu property.

His report estimates an inferred resource of 16.9 million tonnes grading 1.68 g/t gold for a total of 912,600 troy ounces of gold, at a cut-off grade of 1.0 g/t gold.

"We are very happy with this estimate as it validates the work we have done and gives the company a solid resource to build on," commented Brian McEwen, president of Dynasty Gold.

"The Qi-2 deposit is only one of over 300 gold showings on our Hatu property so this season we will be working towards expanding this deposit and adding resources throughout the property."

The 2005 exploration programme for the Hatu project is budgeted at US $840,000, and will attempt to expand the inferred resource through diamond drilling, both at the Qi-2 deposit and at other targets throughout the property.

 

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