Dynasty Metals & Mining Inc fka DMM

[Tackler]

DMM Dynasty Metals acquires Copper Mountain property

2005-06-21 09:43 ET - News Release

Mr. Robert Washer reports

DYNASTY ACQUIRES ADDITIONAL COPPER-GOLD PORPHYRY-STYLE SYSTEM IN ECUADOR

Dynasty Metals & Mining Inc. has acquired the Copper Mountain copper-gold porphyry property in southern Ecuador.

Copper Mountain is located approximately 110 kilometres northeast of the company's Zaruma gold project, and 40 kilometres from Iamgold Corp.'s advanced Quimsacocha gold project. Copper Mountain is a three-kilometre by six-kilometre porphyry-style system featuring advanced high-temperature argillic alteration.

Previous exploration at the property identified a large copper, gold and molybdenum anomaly on porphyry, within a regional, nine-square-kilometre volcanic caldera structure. Approximately 320 soil samples, on 100-metre spacing over leached soils, outlined an anomaly of 1.2 kilometres by 1.0 kilometre in copper and molybdenum, with values ranging from 33 to 105 parts per million and two parts per million to 14 parts per million, respectively.

Copper Mountain also includes a 200-metre by 1,200-metre epithermal vein system, comprising two major outcropping veins, 1.5 kilometres to the west of the porphyry system. Previous exploration of these leached quartz-sulphide veins included a total of 15 channel rock samples with results ranging from 0.1 gram per tonne gold to 1.0 gram per tonne gold and two grams per tonne silver to 10 grams per tonne silver, over an average width of six metres.

The company will now proceed to map the surface anomaly so as to understand structural controls and the possible depletion of mineralization in the surface weathering environment. The anomaly appears to be similar to the iron oxide copper-gold Candelaria deposit in Chile and is extensively soil covered in the north, suggesting the possibility of future expansion in that direction.

Other projects

The company continues to advance its other gold projects in southern Ecuador. Drilling is continuing at the company's Dynasty copper-gold belt, where results to date suggest the existence of a new gold-bearing system. Intersections of 17.38 grams per tonne gold and 723 grams per tonne silver over 3.3 metres and 2.16 grams per tonne gold and 21 grams per tonne silver over 50.40 metres in holes 05DDH05 and 05DDH13, respectively, were announced in the company's news issued in Stockwatch on May 19, 2005.

On the company's Zaruma and Jerusalem gold projects, underground and surface exploration and scoping studies are in progress.

Quality control and assurance

Exploration of the company's properties is under the supervision, of Greg Whitfield, the company's exploration manager and a qualified person, as defined by National Instrument 43-101. Mr. Whitfield is responsible for the preparation of technical information in this news. Samples are sealed on the property and shipped to the BSI Inspectorate laboratory in Lima, Peru, for preparation and gold fire assay. Sample pulps are shipped by BSI Inspectorate to its laboratory in Reno, Nev., for silver and multielement ICP analysis.