Gold Dynamics Corp. contracted with Geotech Ltd. to complete a helicopter borne Versatile Time Domain Electromagnetic (VTEM Plus) and Horizontal Magnetic Gradiometer Geophysical Survey on the Hoyle North Palladium-Platinum-Gold Project located in Timmins, Ontario. A total of 84 line kilometers of geophysical data were acquired, flown at 100 meter spacing on the property.
Analysis of the preliminary data from the VTEM Plus indicate mineralized targets exist in the eastern portions and also a mineralized trend from the southeast to the northwest of the property at approximate depths of 200 meters. The survey also identifies a system of dykes which are very common in mineralized zones on this trend and are also common to the known geology of this area.
Further results and analysis are expected in the next few weeks. This information will be evaluated to select targets for ground follow-up in order to help prioritize anomalies for drilling.
Gary Kirk, CEO/President of Gold Dynamics Corp. said, “I am extremely pleased that we were able to contract with Geotech Ltd. who are a leader in their field, utilizing state of the art technology to help us build our base of knowledge on the Hoyle North project. With targets in hand, knowing the depth and location of these targets brings us much closer to finally drilling. The known geology common to the areas where other major international mining companies (Goldcorp, Xstrata Copper, Lakeshore Gold and Brigus Gold), whom are adjacent to our project, are currently producing large quantities of gold and other precious metals out of geologic structure very similar to what the VTEM Plus has identified in ours; is very encouraging for us.”
The Hoyle North property is contiguous to Goldcorp’s Hoyle Pond mine and is within short distances to significant resources such as Owl Creek and Bell Creek. The Hoyle North property remains relatively unexplored near to expansive mining and exploration efforts by significant companies such as, Goldcorp, Xstrata, Lakeshore Gold, San Gold, Osisko Mining and VG Gold and others.