Gold Dynamics Performs Due Diligence on Santiago Gold Property, Durango, Mexico
LAS VEGAS, July 6, 2011 /PRNewswire/ - Gold Dynamics Corp. (GLDN - OTCBB) ("Gold Dynamics Corp." or the "Company") is pleased to announce that it has engaged Mr. Joseph Calpito Sr to perform a due diligence analysis on the geological feasibility of the Santiago Gold Property.
The Company commissioned Mr. Joseph Calpito Sr, a professional geologist, to carry out a due diligence study on the Santiago Gold Property on which the Company has signed a letter of intent for (see press release dated June 15, 2011). Mr. Calpito Sr has over 44 years of work experience as a professional geologist working on various mining projects located in Mexico, South America, Papa New Guinea, and the Philippines. Mr. Calpito Sr's main expertise is field and mine exploration which specifically consists of: geological mapping and interpretation, trench planning, core logging, stream sediment sampling, identification of target areas, planning of diamond drilling targets, developing geological models, confirming Geological Drill Reserves, and preparing economic potential analysis of mining properties and feasibility studies.
The Santiago Gold Property is located in Durango, Mexico and is about 150 km to the north of the city of Durango. The property is accessible by paved and dirt roads and the total driving time from Durango to one of the abandoned mines is about four hours.
This latest move by the Company underlines its commitment to the shareholders to acquire the Santiago Gold Property to conduct further immediate exploration and development.
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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