MONTREAL, May 17, 2021  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) released its unaudited consolidated financial statements and the management's discussion and analysis (MD&A) for the first quarter ended March 31, 2021.

 

These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.

 

(All figures in this press release are in Ms of US$ unless stated otherwise. All amounts per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).

 

Q1-2021 OVERVIEW AND HIGHLIGHTS

 

OVERVIEW

 

Dynacor completed the three-month period ended March 31, 2021 (“Q1-2021”) with quarterly record sales of $40.9 million and a net income of $2.1 million (US$0.05 per share), ahead of annual guidance, compared to sales of $30.9 million and a net income of $2.4 million (US$0.06 per share) in the first quarter of 2020 (“Q1-2020”).

MONTREAL, May 13, 2021  -- Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced total sales of US$12.5 million (unaudited) (C$15.6 million) for April 2021 and cumulative 2021 sales of US$53.4 million (unaudited) (C$67.4 million) at April 30, 2021.

 

On February 18, 2021 (see news release), Dynacor published its annual financial guidance, including sales of $US150 million (C$191 million) at an average US$1850 per ounce gold price. As of April 30, 2021, the Corporation exceeds its sales guidance due to a continuous strong ore purchase level.

 

The average selling price of gold per ounce in April 2021 was US$ 1,764.

 

(1) sales are converted using the monthly average exchange rate

 

First Quarter 2021 Financial Results

 

Dynacor will publish its first-quarter 2021 financial results news release on Monday, May 17th, 2021, before the market opens.

VANCOUVER, British Columbia, May 12, 2021  -- Westhaven Gold Corp. (TSX-V:WHN) is pleased to announce drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia.

 

Recent Highlights:

 

SN21-161 (FMN: 220.32-236.29m) 15.97m of 9.15 g/t Au and 27.43 g/t Ag, including 6.13m of 11.07 g/t Au and 34.26 g/t Ag, and 2.49m of 28.56 g/t Au and 79.12 g/t Ag.

 

SNR21-02 (South Zone: 167.00-246.00m) 79.00 metres (m) of 2.73 g/t gold (Au) and 15.78 g/t silver (Ag), including 12.44m of 6.35 g/t Au and 3.38 g/t Ag.

 

SN21-158 (FMN: 93.22-150.90m) 57.68m of 0.68 g/t Au and 11.19 g/t Ag, including 3.46m of 9.46 g/t Au and 151.82 g/t Ag, including 0.90m of 31.70 g/t Au and 529.00 g/t Ag.

 

SN21-160 (South Zone: 275.09-311.40m) 36.31m of 0.72 g/t Au and 2.52 g/t Ag, including 6.53m of 2.23 g/t Au and 4.59 g/t Ag.

VANCOUVER, BC / May 11, 2021 / GATLING EXPLORATION INC. (TSXV:GTR)(OTCQB:GATGF) (the "Company" or "Gatling) is pleased to announce that it has added a second drill rig to accelerate its exploration efforts ahead of the Q3 2021 resource update. The second rig will be designated to the Bear deposit to explore near surface extensions from the high-grade core of the deposit. Gatling has also commenced preliminary metallurgical testing with industry leader SGS Canada to analyze gold recoveries across all three high-grade deposits.

 

News Highlights

 

Second Drill Rig to Test Shallow Targets at Bear Deposit. A second rig has been added to the ongoing drill program at the Larder Gold project to accelerate high priority targets ahead of the upcoming resource update (Figure 1). The core of the Bear deposit starts at approximately 450 m below surface. Importantly, there are also two developed zones up plunge approximately 90 m below surface (Figure 2). The second drill rig is assigned to test the connection of these near surface zones with the core of the Bear deposit with a 5,000 m program.