|By Marketwire .||
|September 5, 2012 04:25 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/05/12 -- Gold Dynamics Corp. (GLDN) (OTCBB:GLDN)(OTCQB:GLDN) (http://www.golddynamics.com) - Gold Dynamics Corp CEO and President Mr. Gary Kirk is pleased to announce that the threshold of developmental expenditures required by the Ministry of Northern Mines and Development for Ontario for the company's Hoyle North project have been surpassed. The requisite filings to hold the claims in good standing will be made by the October 3rd, 2012 filing date as required.
Mr. Kirk said, " I am extremely pleased with our summer sampling program and all indications are that we have gained the rights to a very mineralized property, our objective remains to confirm a parallel or offshoot zone from the historic Destor-Porcupine Fault. To date we have discovered 56 minerals including precious metals, base metal and Rare Earth Elements in our samples. With Goldcorp's Hoyle Pond gold mine contiguous to our property and nearby Xstrata Coppers Kidd Creek mine with its massive sulphide base metals deposit, Lakeshore Gold with Bell Creek and West Timmins and Brigus Gold with their Black Fox Complex actively mining gold, I have every confidence that our exploration efforts will be rewarded when we begin drilling our known targets. More updates on our efforts will be forthcoming shortly."
This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.