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WILDHORSE
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Key Facts
Location:
Gansu, China
750 km of Lanzhou Commodities: Gold
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Comparable Properties
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Latest Information December 31, 2007 Reported to have received the final results from the 20 hole 3,360 metre diamond drilling program from the Red Valley project. Highlights include from Hole DH065 from 208m with 1m at 3.14g/t Au including 3m at 1.54g/t Au from 226m, in DH069 with 1m at 6.25g/t Au from 21m and in DH079 from 87m with 1m at 2.64g/t Au. During the third quarter of 2006 field crews continued reconnaissance exploration and sampling. April 4, 2006 Designed the first significant exploration program for the Property including 100 km of ground magnetic geophysical surveys, 1,000 cubic metres of trenching and 7,500 soil and rock samples. Work will be regional but will include considerable focus at the Heicigou showing. A reconnaissance work program was conducted in order to define specific areas of interest for detailed exploration. A 3.5-kilometre by 1.5-kilometre zone of alteration which was sampled on surface and returned assay results from 20 samples ranging from five to over 3,500 parts per billion Au (0.005 to 2.5 grams per tonne). Additional reconnaissance programis scheduled for this summer to further investigate the area (Sep/05).  February 27, 2006 Dynasty Gold announced Monday a Can$2.3 million investment by mining giant AngloGold Ashanti for exploration projects in China. The money will be used for exploration at the Red Valley and Wild Horse prospective gold properties in northwest China, Vancouver-based Dynasty said in a release. AngloGold will buy 5.75 million units of Dynasty at 40 cents each, representing an 8.74 percent stake. |
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