Gold Dynamics acquires Santiago Gold Property near Promontorio Mining Camp
LAS VEGAS, NV, July 14, 2011 /PRNewswire/ - Gold Dynamics Corp. (OTCBB:GLDN) ("Gold Dynamics" or the "Company") is very excited to announce that it has acquired the Santiago Gold Property near the Promontorio Mining Camp located in Durango, Mexico.
The Santiago Gold Property is located in the state of Durango, Mexico and the property is situated in the "Sierra San Francisco" mountain range. Abandoned historic mines and various smaller Au prospects are located throughout the entire mountain range. A famous historic mining camp called "Promontorio" is located 7 km north of the Santiago project. Between 1180 and 1946 this mine was one of the most prominent Mexican silver and gold producers. The historical resource size of the Promontorio was estimated to be 12M ounces of gold. Based on a structural interpretation of the property derived from satellite imagery, the Au-Ag mineralization containing the greatest vein width and highest grade Au-Ag consistent with certain trending faults which are associated with the historic Promontorio mining camp, are also evident in the Santiago Gold Property, which essentially represents a similar favourable geological environment for the Santiago Project.
"We are pleased to be involved in the Santiago Gold Property," says Tie Ming Li, President of Gold Dynamics. "An extensive gold-in-soil anomaly combined with the similarities and proximity to the historic Promontorio makes the Santiago a compelling exploration target. The Promontorio Mine is one of the greatest mining successes in the history of Mexico and we look forward to developing our property as expediently as possible."
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 under-explored 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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