MONTREAL, Oct. 20, 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 announces its second consecutive monthly record with sales of US$25.8 million (unaudited) (C$32.7 million) for September 2021, a US$5.7 million (+28%) month-to-month increase and a US$14.8 million increase (+135%) compared to September 2020. In addition to September's sales are $2.9 million pertaining to the export of the partial release of the 2019 customs retained gold bars.

 

Third-quarter sales amounted to US$61.9 million (C$78.0 million) compared to US$24.1 million (C$32.0 million) in 2020, an increase of 157%.

 

A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/646ff93b-3c00-49d5-9ced-02252a741e45

 

The average selling price of gold per ounce in September was US$1,767.

 

The Corporation recently announced revised financial guidance with projected sales of between US$185 and $190 million for 2021 (see, September 22, press release DYNACOR INCREASES SALES AND EARNINGS GUIDANCE BY APPROXIMATELY 25% and 35% RESPECTIVELY)

Highlights from the Shallow (Western) High Grade Zone include:

 

43.74 g/t Au over 6.90 m, including 531.99 g/t Au over 0.50 m, for a metal factor of 302 at a vertical depth of 350 m in hole PE-21-409;

76.61 g/t Au over 3.50 m, including 530.97 g/t Au over 0.50 m, for a metal factor of 268 at a vertical depth of 480 m in hole PE-21-383W1;

36.02 g/t Au over 6.55 m, including 218.15 g/t Au over 1.05 m, for a metal factor of 236 at a vertical depth of 250 m in hole PE-21-392;

102.43 g/t Au over 1.80 m, including 357.30 g/t Au over 0.50 m, for a metal factor of 184 at a vertical depth of 300 m in hole PE-21-413;

9.46 g/t Au over 6.25 m for a metal factor of 59 at a vertical depth of 160 m in hole PE-21-378;

7.87 g/t Au over 6.40 m, including 74.47 g/t Au over 1.00 m, for a metal factor of 50 at a vertical depth of 330 m in hole PE-21-399;

4.65 g/t Au over 10.65 m for a metal factor of 50 at a vertical depth of 650 m in hole PE-21-410.

VANCOUVER, BC / October 7, 2021 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that it has commenced its first drill program at the Margarita Iron-Oxide-Copper-Gold (IOCG) project, which is situated within the prolific Coastal Cordillera belt in northern Chile. The initial phase of drilling is expected to consist of approximately 4,000 metres (m) with the primary target being the copper - gold sulphide source mineralization to the observed widespread copper oxide mineralization in the southern region of the project (Figure 1). Margarita is host to a large-scale alteration system, which hosts three primary target areas that will be tested in the current drill program (Figures 1- 2). These target areas have been defined through geological mapping, rock and soil geochemical surveys and ground-based magnetics and induced polarization geophysical surveys (Figure 3).

 

A Message from Shawn Wallace, Executive Chairman:

 

"We are excited to commence our initial drill campaign at Margarita, which represents a solid year of negotiating the acquisition and refining the technical data in order to define the best drill targets on a very high quality, large-scale bulk tonnage exploration project. This will potentially be a catalytic period for Torq shareholders as we enter into the next level of exploration and continue to add to our already substantial portfolio in Chile."

Including 2,860 g/t Gold and 9,990 g/t Silver over 1.26 meters

 

HighGold Mining Inc. (TSX-V:HIGH, OTCQX:HGGOF) (“HighGold” or the “Company”) is pleased to announce exceptionally high-grade drill results from the Difficult Creek Prospect (“DC”), located four (4) km northeast of the Company’s 0.75 Moz indicated 10.9 g/t gold equivalent (“AuEq”) JT Deposit resource. Difficult Creek is one of several regional prospects being explored by HighGold on the district-scale Johnson Tract project (“Johnson Tract”, “JT” or the “Project”) in Southcentral Alaska, USA.

 

Drill Highlights – Drill Hole DC21-010

 

577.9 g/t Au, 2,023 g/t Ag, 2.15% Zn, 0.30% Cu over 6.40m, including

982.7 g/t Au, 3,436 g/t Ag, 2.80% Zn, 0.44% Cu over 3.76m, including

2,860 g/t Au, 9,990 g/t Ag, 5.04% Zn, 0.88% Cu over 1.26m

 

Figure 1. Difficult Creek - Cross Section with drill results