Dynasty Gold fights to retain its assets in China

Dynasty Gold (TSXV: DYG) was one of the first junior companies in Canada to explore for gold in China.

The Vancouver-based company entered into a co-operative joint venture in December 2003 with a Chinese state owned enterprise to explore for gold on a 1,000 km² property called Hatu in remote northwestern Xinjiang province.

Hatu – in China’s prolific Tienshan gold belt – hosts over 300 gold occurrences, some of which have been mined by local Chinese, and includes the Qi2 deposit, an area of known gold mineralization with a history of small scale production that became the focus of Dynasty's exploration efforts.

In June 2005 Dynasty completed a resource estimate on Qi2, calculating the deposit held an inferred resource of 16.9 million tonnes grading 1.68 g/t Au for 912,600 oz of gold at a cut-off grade of 1 g/t Au.

Read the complete article at NorthernMiner.com/news/dynasty-gold.