Dynacor Gold Mines Inc. Expands Tumipampa Land Holdings
MONTREAL, QUEBEC–(Marketwire – May 8, 2012) – Dynacor Gold Mines Inc. (TSX:DNG) (Dynacor or the Company) is pleased to announce it has acquired an additional 900 hectares immediately adjacent to the west side of the Tumipampa property in southern Peru. This acquisition expands the Tumipampa project and adjoins Southern Copper Corporation’s Los Chancas copper/gold project (See Figure 1).
This new expansion increases the Company’s Tumipampa concession to 4,842 hectares (48.42 km²). It strategically adjoins it to a large and developing copper/gold resource consisting of 355 million tonnes at 0.62% Copper held by Southern Copper Corp. Notably in the last few months, Southern Copper Corporation similarly increased the size of their Los Chancas claim by staking land eastward to within 2 km of Tumipampa’s border. Dynacor’s new land holdings now closes the gap between the two companies’ assets. Currently all of the land around Tumipampa is claimed by major mining companies such as Southern Copper Corporation, BHP Billiton, Buenaventura, Golden Ideal Gold Mining (China), Super Strong Mining (China), and Bear Creek Mining.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold exploration and mining company active in Peru through its subsidiaries since 1996. The Company differentiates itself from pure exploration companies as it also generates income and cash flow from its wholly owned ore processing plant in Peru. The Company’s assets include six exploration properties, including the Tumipampa property, along with its recently upgraded 220 tpd ore processing mill at Acari. Dynacor’s mill produces gold from the processing of ore purchased from local producers. Dynacor’s strength and competitive advantage comes with the experience and knowledge the Company has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees, partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.
President and CEO
Dynacor Gold Mines Inc.
514-288-3224 ext. 228
Dynacor Gold Mines Inc.
778.574.2806 / M: 604.562.1348