Gold Dynamics site visit on Hoyle North Gold property
LAS VEGAS, NEVADA–(Marketwire – May 21, 2012) – Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) – is pleased to report that Gary Kirk, CEO/President recently performed a five day site visit on the Hoyle North property recently acquired by option as announced on a March 12, 2012 news release.
Gary Kirk attended the gold property with Mr. Yvan Veronneau, a local prospector who is very familiar with the property. The purpose of the visit was to commence a soil, rock and outcrop sampling, and geochemical analysis work throughout the property targeting gold, silver, copper, molybdenum (moly), uranium, iron and other metals, with anticipation that a drill program will occur once the highest priority drill targets are finalized.
The following is Mr. Kirk's observations from his visit:
"The Hoyle North property, which is approximately 12 square kilometers, appears typical of the glacial moraine commonly found in the South Porcupine area, often low and very flat with many areas hosting muskeg at surface. The Hoyle North property is contiguous to the Goldcorp property to the south which is the Hoyle Pond deposit where over 2.5 million ounces of gold have been mined since 1985.
In 2007, a partial Induced Polarization was done on approximately 1/8th of the property which identified 2 strong anomalies as targets and a pre-existing mine shaft. The strongest of the two anomalies has been prepared for drilling when conditions will allow a drill access to the property. Mssrs. Kirk and Veronneau have commenced collecting soil samples off a grid around the one of the anomalies at 25 meter spacing and further sampling will be taken from the second anomaly."
As the geochemical samples are collected over the Hoyle North claims, they will be sent to the Activation Laboratories in Timmins, Ontario which will provide a stream of assay results to be sent to the Gold Dynamic's Toronto office. The geochemical information will indicate metal zoning patterns.
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.