Dynamic Gold Corp. Completes a National Instrument 43-101 Technical Report on the Super Mammoth Gravel Project
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VANCOUVER, BRITISH COLUMBIA, Jun 06 (MARKET WIRE) --
Dynamic Gold Corp. (the "Company") (OTCBB: DYGO) is pleased to announce
that it has completed a comprehensive National Instrument 43-101
compliant report on the Super Mammoth Gravel Project. The NI 43-101
report was prepared in accordance with the guidelines of National
Instrument 43-101 "Standards of Disclosure for Mineral Projects" and is
based on data and geological information gathered from public sources,
assessment files, historical information, British Columbia provincial
government maps and reports. The source information of data presented in
this report discusses the geology and mineral potential of the Super
Mammoth Gravel project and is believed to be reliable and accurate. The
Super Mammoth Gravel Project consists of two mineral claim tenures that
are each approximately 124.1 hectares in size, for a total of 248.2
hectares. A detailed report used in obtaining aggregate samples was filed
and accepted by the British Columbia's Gold commissioner's office in
September 2007. The claims are currently in good standing until their
respective anniversary dates which include November 6, 2014 (Northern
Gravel) and January 19, 2015 (Super Mammoth).
The Super Mammoth Gravel Project is located at Lloyd Point on the east
arm of Toba Inlet situated 50 kilometers east of Campbell River, British
Columbia, Canada and 28 kilometers north of Powell River on the British
Columbia mainland. The existence of the Super Mammoth gravel deposit has
been identified by Lands and Water British Columbia Inc. and has been the
subject of numerous preliminary investigations over the years, with the
potential to host a year round future sand and gravel aggregate operation
with tidewater access that could supply growing demand for a range of raw
materials to both British Columbia, Washington State, California, Hawaii
and other United States and Pacific Rim coastal construction markets. The
Super Mammoth Gravel Project is situated on tidewater between sea level
to about 300 meters in elevation that comprises a sorted accumulation of
sand and gravel that is considered desirable for supplying construction
aggregates. The ongoing supply concerns combined with dwindling supply,
strong demand and high costs associated with securing and permitting new
gravel reserves near urban areas, has increased pressure to begin
developing known reserves situated on British Columbia's coast.
On behalf of the Board of Directors of DYNAMIC GOLD CORP.
Tim Coupland, President & CEO
This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that the Company expects to occur, are forward looking
statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the
words "expects", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur.
Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to
be forward looking statements, as it constitutes a prediction of what
might be found to be present when and if a project is actually developed.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
may differ materially from those in the forward-looking statements.
Factors that could cause the actual results to differ materially from
those in forward-looking statements include market prices, exploitation
and exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. The Company
undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other
factors, should change. For further information investors should review
the Company's filings that are available at www.edgar.com or contact Tim
Coupland, President at (604) 681-3131.
Contacts:
Dynamic Gold Corp.
Tim Coupland
President and CEO
(604) 681-3131
(604) 408-3884 (FAX)
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