Dynacor Gold Mines Inc
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Dynacor drills 20.2 g/t Au over 1.15 m at Tumipampa

2008-02-12 08:54 ET - News Release

Mr. Jean Martineau reports

TUMIPAMPA: FIRST DRILLING RESULTS

Dynacor Gold Mines Inc. has released the first results from its Tumipampa drilling campaign that began in November, 2007. Three drill holes have been completed, the first two holes targeted vein 1 and the third hole the Manto Dorado structure. These first results are very encouraging since they show the continuity of, and moreover the importance of, the latter two gold-bearing structures.

Drilling results

The first drill hole, HDD-01, intersected vein 1 at a depth of 44 metres, over a width of 1.15 metres, and had a gold grade of 20.2 grams per tonne Au. Drill hole HDD-02 intersected the same vein at a depth of 84.4 metres, over 4.3 metres, and had a gold grade of 0.005 g/t Au. In 2003, drilling of vein 1 had revealed a gold grade of 7.33 g/t Au over 6.0 metres, at a depth of 16 metres.

Drill hole HDD-03 targeted the structure known as Manto Dorado. The Manto Dorado was intersected at a depth of 26.1 metres, over a width of 26.12 metres. The gold grades from this intersect ranged from trace values to 12.8 g/t over 1.4 metres.

This third drill hole was laid 100 metres north of the Manto Dorado's known outcropping, which was discovered during the construction of an access road to the Tumipampa property in 2003. It is worth remembering that this outcropping has a width of more than 12 metres and gold grades of 6.86 g/t Au over 4.9 metres were found.

Structure     Drill hole             Depth    Width (m)     Au (g/t)  Vein 1             HDD 1       44.00-45.15        1.15         20.2 Vein 1             HDD 2       84.40-88.70        4.30        0.005 Manto Dorado       HDD 3       26.10-28.72        2.62        0.015                                28.72-29.15        0.43          0.5                                29.15-50.82       21.67        0.046                                50.82-52.22        1.40         12.8 

Phase 1 of the 2007-2008 diamond drilling campaign consists of 3,000 metres of drilling over a seven-month period. The main objective of this campaign is to explore the following structures: Manto Dorado and veins 1, A, Z, San Pedro, 2007, and Esperanza. It is important to underline that in an earlier drilling campaign in 2003, veins 1, Z and A showed high gold mineralization, namely: HDD1 (vein 1 -- 7.33 g/t Au over a six-metre intercept), HDD3 (vein Z -- 8.20 g/t Au over a four-metre-wide intercept) and HDD6 (vein A -- 12.25 g/t Au with a width of two metres).

The next several drill holes are to target the Manto Dorado in order to verify the continuity of the mineralization within this very significant structure. Based on the results obtained from these holes, further drilling will test the Manto Dorado's extension at depth. The entire drilling program, totalling 11,000 metres, is planned to take course over a period of 24 months.

Chemical analysis was done by ALS Chemex laboratories in Lima and samples were analyzed by the Au-AA23, Au-AA25, Au-SCR21 and ME-ICP61 methods.

Alonso Sanchez, chief geologist, having graduated from the Universidad National de Ingenieria, is Dynacor Gold's qualified person and is responsible for the technical information contained in this press release. Thus, Mr. Sanchez can testify to the precision and exactitude of the data and the mining and geological knowledge of the Tumipampa property, as required by National Instrument 43-101 and its annexes with respect to the reporting and content of this press release.

We seek Safe Harbor.