Gold Dynamics Is Pleased To Report Positive Due Diligence
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.
For a full account of Gold Dynamics Corp. corporate objectives and contact information, please visit the website at www.golddynamics.com
ABOUT GOLD DYNAMICS CORP.
Gold Dynamics Corp. is an emerging precious metals explorer focused on underexplored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The Company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.
Gold Dynamics Corp. seeks to identify, acquire, and develop deposits which have the potential to be world class and in an acceptable risk environment. Social responsibility and environmental stewardship are core values of the Company.
Forward-Looking Statements
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 beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
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 financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Gold Dynamics
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