Gold Dynamics Completes Airborne Survey, Timmins, Ontario
TORONTO, ONTARIO -- (Marketwire) -- 12/13/12 -- Gold Dynamics Corp.
(GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (www.golddynamics.com) -
Gold Dynamics contracted with Geotech Ltd. to complete a helicopter
borne Versatile Time Domain Electromagnetic (VTEM Plus) and
Horizontal Magnetic Gradiometer Geophysical Survey on the Hoyle North
Palladium-Platinum-Gold Project located in Timmins, Ontario. A total
of 84 line kilometers of geophysical data were acquired, flown at 100
meter spacing on the property.
Analysis of the preliminary data from the VTEM Plus indicate
mineralized targets exist in the eastern portions and also a
mineralized trend from the southeast to the northwest of the property
at approximate depths of 200 meters. The survey also identifies a
system of dykes which are very common in mineralized zones on this
trend and are also common to the known geology of this area.
Further results and analysis are expected in the next few weeks. This
information will be evaluated to select targets for ground follow-up
in order to help prioritize anomalies for drilling.
Gary Kirk, CEO/President of Gold Dynamics Corp. said, "I am extremely
pleased that we were able to contract with Geotech Ltd. who are a
leader in their field, utilizing state of the art technology to help
us build our base of knowledge on the Hoyle North project. With
targets in hand, knowing the depth and location of these targets
brings us much closer to finally drilling. The known geology common
to the areas where other major international mining companies
(Goldcorp, Xstrata Copper, Lakeshore Gold and Brigus Gold), whom are
adjacent to our project, are currently producing large quantities of
gold and other precious metals out of geologic structure very similar
to what the VTEM Plus has identified in ours; is very encouraging for
This current report contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding
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the generation of positive cash flow as a result, updating of the
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Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
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forward-looking statements are made as of the date of this news
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set forth herein and should also refer to the risk factors disclosure
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our quarterly reports, and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Gold Dynamics Corp.
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