Dynasty begins drilling at Thundercloud

Executive Summary

• Dynasty Gold announced the discovery of surface rock showings containing up to 50 % pyrite in the South Pelham area, indicating potential gold mineralization.
• A 5,000‑meter drilling program has commenced at the Thundercloud project to test extensions of newly identified mineralized zones; drilling is expected to continue into the fall.
• The technical team is conducting detailed geologic mapping and sampling across multiple IP anomaly zones, with results to be assayed for gold content.

Key Details

• Discovery: Surface exposures in South Pelham exhibit up to 50 % pyrite (and other sulfides) within a historically under‑evaluated area ~1.2 km south of the known Pelham zone (NI 43‑101 resource estimate, 2021).
• Drilling Program: Initiated with hole TC‑25‑01; total planned depth = 5,000 m targeting northeastward extension of mineralization identified by prior hole TC24‑06 and a ~500 × 500 m induced polarization (IP) chargeability anomaly.
• Timeline: Drilling to continue through the fall season 2024.
• Geologic Mapping: Detailed mapping along South Pelham trend; outcrop area of 2.7 m × 1.7 m with up to 50 % sulfide minerals identified within a larger IP anomaly. Additional exposures spaced ~60 m apart on a NE‑SW strike direction.
• Sampling: Rock samples collected from mapped sites for laboratory assay; results pending.
• Technical Review: Content reviewed and approved by Peter Holbek, MSc, PGeo, qualified person under NI 43‑101.

Notable Quotes

“The discovery of up to 50 per cent pyrite in surface rock exposures gives a strong indication that gold mineralization is present in this area… Additional drilling is required to test these targets to expand mineralization to its full extents.” – Ivy Chong, President & CEO, Dynasty Gold Corp.