Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) s a Canadian mineral exploration company currently focused on gold exploration in North America. With projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada is exploring two 100% owned gold assets in the most desirable mining districts in North America. The Thundercloud property in Western Ontario has a geological setting similar to the Red Lake gold camp but is much less explored. The Golden Repeat property is strategically located in the prolific Midas region of Elko County, Nevada.
Our flag-ship Thundercloud gold project has returned very encouraging drill results. An internally generated 3D model demonstrates the resource has been increased from 182,000 oz inferred resource to 260,000 oz measured and indicated through drilling in 2022/23, an increase of 44% for this potentially open-pit mine. 98% of the property has yet to be drilled. We are well financed for 10,000 meters of drilling this year and will test the undrilled area for new discovery.
The legendary investor, mine operator, a strong financial backer of DYG, Rob McEwen invested $1.2M in DYG and he is now the largest shareholder of Dynasty. Dynasty has ~61M shares outstanding, a market cap of ~$10.4M with $3.5M in the bank, and a gold resource in the ground.