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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Daytek77 who wrote (6586)	2/14/2002 12:18:07 PM
From: Al Collard	Respond to of 11802

DYN-v...in the news: Dynacor contracts G ologica to investigate Tumipampa Thu 14 Feb 2002 Mr. Marc Blais reports TUMIPAMPA PROJECT (PERU): INDEPENDENT EVALUATION OF THE GEO ... Dynacor Mines has awarded a contract to an independent geological consulting firm G ologica Groupe Conseil Inc. to carry out a geological evaluation of the Tumipampa properties in Peru. The contract calls for G ologica to, following a field trip to the properties, give an independent assessment of the geological potential and detail further exploration work that needs to be done on the properties that cover a total surface area of 700 hectares (seven square kilometres). The properties are located approximately 500 kilometres southeast of Lima on the eastern side of the Oriental cordillera of the Peruvian Andes at an altitude of 4,500 metres. Exploration of the properties to date has enabled Dynacor to identify several hydrothermal gold-bearing veins intersecting several sedimentary formations that are in contact with a porphyritic granodioritic intrusive locally altered and enriched in copper and gold. The copper/gold porphyry has been identified at several locations on the property. It has been altered locally (argillic alteration in particular at the outer limits of the intrusive), fractured and brecciated which are the results of significant hydrothermal mineralization processes. Private placement completed In January, 2002, Dynacor completed a small private placement for $50,400 which led to the issuing of 280,000 ordinary shares at a unit price of 18 cents. The funds will be used for the normal operations of the company.