LAS VEGAS, Aug. 5, 2011 /PRNewswire/ - Gold Dynamics Corp. (OTCBB: GLDN) ("Gold Dynamics" or the "Company") Further to its July 6, 2011 press release, Gold Dynamics announces that Mr. Joseph Calpito Sr, (P.Geo.) the Company's geologist, has conducted a review of the historical exploration data of the Santiago Property, as prepared by Mr. Matthias Jurgeit (P.Geo.), as part of his due diligence review.
"I am greatly impressed with the gold-silver mineralization and vein occurrences on the Santiago Property and my following observations point to the high-grade gold potential of the Santiago Property", stated Joseph Calpito Sr.
- The Santiago Property has a high potential for occurrence of several gold vein systems (Main Bella Vista Vein, South Bella Vista Vein, Northern Bella Vein, Main Tascate Vein, North Tascate Vein, South Tascate Vein ). These vein systems contain ore shoots that contain high gold concentrations. There exists a wide potential for the discovery of additional parallel high grade gold vein systems occurring in an echelon pattern depending on the host rock occurrences.
- Abandoned historic mines and numerous smaller AU prospects occur throughout the Santiago Property and are located at altitudes between 2,000 and 3,100 meters above the sea level. When one considers this extremely high elevation, definitely means that the potential of high grade gold veins occurring at lower elevations (down dip continuity) does exist and hence will greatly increase the inferred gold reserve of one particular vein of 71,343 ounces (not NI 43-101 compliant). Diamond drilling after IP survey will prove this as ore shoots/mineralization might occur at lower elevations.
- We may be able to add revenue to the Company very rapidly by re-opening some of the numerous abandoned mines that occur throughout the Santiago Property. Also, additional tonnage can be obtained by processing mine dumps that resulted from historic production which would further increase revenues. A small scale plant can be set up in a very timely fashion to take advantage of the record high prices of gold.
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