New Areas of Gold and Copper Mineralization At Tumipampa

MONTREAL - Dynacor Gold Mines Inc. reported further exploration results on the northeastern extension of the highly mineralized Manto Dorado structure at Tumipampa in Peru.

During the last few months, a fifth raise, Raise 215, was excavated from the 27-meter mark along Drift 190NE. Raise 215 has a total length of 83 meters and has an average gold grade of 18.59 g/t and 1.14% copper over an average TW of 1.18 m. The complete results for Raise 215 have already been published.

In 2013, a 45-meter long drift orientated N45íE was excavated into the Manto Dorado structure (Drift 190NE) and channel sampling revealed high grades of gold and copper. The first 26 meters of Drift 190NE was well mineralized (27.83 g/t Au and 1.69% Cu over an average true width of 1.5 meters) but the final 7 meters showed lower mineralization (0.04 g/t Au and 0.01% Cu over an average TW of 1.5 m). However, in 2008 three (3) surface diamond drill holes (HDD-03-2008, HDD-05-2008 and HDD-06-2008) had indicated that further to the northeast there was another area of high grade gold mineralization. Based on this evidence, Drift 190NE was extended a further 117 meters following a N43íE orientation dipping 22íNW along the Manto Dorado structure which in this NE location has a width of up to 1.5 meters and consists of a bituminous fault structure set in limonite and showing evidence of hydrothermal and tectonic brecciated mineralization with disseminated pyrite.

Within the 117-meter extension of Drift 190NE the first 52 meters (red point D) and the last 21 meters (red point F) demonstrated structural continuity but were not highly mineralized. However, the middle 44-meter long segment was highly mineralized (red point E) and included many high grade gold and copper channel samples. Within this segment 60 channel samples were taken and analyzed. An average gold grade of 7.99 g/t and 0.55% copper was found over an average TW of 1.12 m.

Within the newly discovered 44-meter mineralized segment of Drift 190NE in the Manto Dorado four (4) raises have been excavated and channel sampled in order to determine the vertical extension of the mineralization within the Manto Dorado structure. All the channel samples taken in the raises were divided into sub-channel samples in order to investigate the distribution of mineralization at a given sampling point.

Raise 265 was excavated from the 96-meter mark over a total length of 10 meters and has an average grade 7.07 g/t Au and 0.51% Cu over an average TW of 1.04 meters. Nine channel samples were taken and were divided into 24 sub-channel samples, which were analyzed. High grade sub-channel samples included: sample #12288 grading 110.0 g/t Au and 3.9% Cu over a true width of 0.25 m and sample #12281 grading 41.80 g/t Au and 3.31% Cu over a true width of 0.25 m.

Raise 275 was excavated from the 111-meter mark over a total length of 9 meters and has an average grade 2.99 g/t Au and 0.08% Cu over an average TW of 1.23 meters. Eight channel samples were taken and divided up into twenty sub-channel samples, which were analyzed. High grade sub-channel samples included: sample #12105 grading 38.69 g/t Au and 0.09% Cu over a true width of 0.3 m and sample #12111 grading 24.36 g/t Au and 0.03% Cu over a true width of 0.30 m.

Raise 285 was excavated from the 121-meter mark over a total length of 17 meters and has an average grade 5.55 g/t Au and 0.26% Cu over an average TW of 1.23 meters. Fifteen channel samples were taken and divided up into thirty-four sub-channel samples, which were analyzed. High grade sub-channel samples included: sample #12374 grading 36.75 g/t Au and 1.93% Cu over a true width of 0.7 m and sample #12326 grading 30.01 g/t Au and 0.01% Cu over a true width of 0.25 m.

Raise 290 was excavated from the 133-meter mark over a total length of 13 meters and has an average grade 8.11 g/t Au and 0.60% Cu over an average TW of 1.15 meters. Thirteen channel samples were taken and divided into thirty-eight sub-channel samples, which were analyzed. High grade sub-channel samples included: sample #12986 grading 43.38 g/t Au and 2.18% Cu over a true width of 0.3 m and sample #12992 grading 39.17 g/t Au and 7.38% Cu over a true width of 0.4 m.

The results obtained in the northeastern extension of the Manto Dorado structure are very encouraging: Drift 190NE located at level 350 has an average grade of 6.69 g/t Au and 0.43% Cu over a total length of 162 meters with an average true width of 1.49 meters. It includes 2 segments with higher grades; Raise 215 - shows continuous high grade gold and copper mineralization in an 83-meter long raise (18.59 g/t Au and 1.14% Cu with an average true width of 1.18 m) towards the surface. This highly mineralized raise is open at depth and laterally; Raises 265, 275, 285 and 290 - are all mineralized in gold and copper and have average gold grades ranging from 2.99 to 8.11 g/t Au and average copper grades ranging from 0.08 to 0.6 % Cu. Assays from the four raises include high grade gold and silver channel and sub-channel samples.

Finally, the results demonstrate and underline that the Manto Dorado is a very important gold and copper mineralized structure at Tumipampa. It is open at depth and will also need to explore in much greater detail its northeastern and southwestern extensions.