Discovery Harbour & Northern Shield Announce New Cu-Zn-Ag Volcanogenic Massive Sulfide Discovery at Wabassi, N.W. Ontario

Up to 9% Copper, 25% Zinc and 217 g/t Silver

VANCOUVER, April 14 /CNW/ - Discovery Harbour Resources Corp. ("Discovery Harbour") and its partner Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) are very pleased to announce the discovery of significant copper-zinc-silver-(gold) mineralization at the Wabassi Property in northern Ontario after receiving partial assay results from four of the seven holes completed during the winter 2011 exploration program.

Drilling - "Anomaly E"

Drill-holes 11WA-16 and 17 were designed to test "Anomaly E" which was initially detected by a VTEM survey in 2010 and followed up with ground magnetic and Pulse EM surveys this past winter. Ground geophysics shows Anomaly E to be a sizeable target with a strike length of 600 meters and considerable depth extent. Geophysical modeling interprets the target plunging to the northeast to depths below 800 meters and drilling along strike of the conductor supports this interpretation.

Drill-hole 11WA-16, collared on line 400S, intersected 1.1% Cu, 2.3% Zn, 54 g/t Ag and 0.14 g/t Au over 20.05 meters, which included  higher grade sections of:

  • 1.5% Cu, 3.3% Zn, 76 g/t Ag and 0.2 g/t Au over 13.1 meters;
  • 1.7% Cu, 4.5% Zn and 91 g/t Ag and 0.2 g/t Au over 7.6 meters; and,

a deeper and separate mineralized zone of 1.2% Zn over 9.3 meters.

Drill-hole 11WA-17, located 100 meters to the northeast, along strike on line 300S, intersected 1.4% Cu, 2.1% Zn and 34 g/t Ag and 0.11 g/t Au over 30.64 meters, which included higher grade sections of:

  • 2.6% Cu, 4.8% Zn, 68 g/t Ag and 0.2g/t Au over 13.1 meters; and,
  • 5.7% Cu, 9.9% Zn and 150 g/t Ag and 0.33 g/t Au over 3.6 meters.

Two additional holes have since been completed on Anomaly E. DDH 11WA-19 was designed to test mineralization at depth on line 400S and DDH 11WA-20 was drilled on line 200S to extend the strike length of the known mineralization a further 100 meters to the northeast. Discovery Harbour and Northern Shield are pleased to report that VMS-type mineralization was intersected in this hole (11WA-20). Assay results are pending. Drill-hole locations and a table of results can be seen at www.northern-shield.com.

Last year (April, 2010) Discovery Harbour and Northern Shield intersected high-grade copper-zinc-silver mineralization at the A2 Target Zone, located 4 kilometers north of "Anomaly E." Additionally, four unexplained high priority conductors remain unresolved in the A1 Zone and three other VTEM Target Zones remain to be surveyed and tested (A3, A4 and F).

"We are very excited to have hit significant VMS-type mineralization on all three of the survey grid lines we have tested so far at Anomaly E. Given the assay results and the projected size from our modeling of the ground geophysical data, Anomaly E has the potential to be a major new base metal deposit," says Northern Shield President and CEO, Ian Bliss.

VMS deposits rarely occur as singular bodies and normally occur in clusters or "camps." The Noranda, Bathurst and Matagami districts are all examples of well known VMS camps in Canada.

"We have identified two copper-zinc-silver (gold) VMS systems on the Wabassi property and this strongly suggests we may have discovered a new VMS district in Northwestern Ontario. I am very enthusiastic about "Anomaly E" and the "A2" discoveries because they possess mineralization, alteration and lithologies that are comparable to other VMS districts we have successfully explored in the past. It will require significant drilling to define these two high grade occurrences as well as a carefully planned and executed exploration program to add new discoveries to this already significant inventory," adds Michael Senn, Vice-President for Discovery Harbour.

Staking & Airborne Geophysics

Discovery Harbour and Northern Shield have jointly staked an additional 100 claims that now cover 40 kilometers of the volcanic belt that hosts the known VMS occurrences at Wabassi. The new claims triple the size of the Wabassi property from 50 claims and 110 square kilometers to 150 claims covering over 350 square kilometers. Further staking continues. An airborne magnetic and electromagnetic survey, to cover the new claims is presently being contracted for.

The partnership is planning the construction of a new exploration camp at Wabassi from which to base accelerated exploration and drilling. "Because of the significance of our two discoveries and the quality of the targets remaining to be tested at Wabassi, we felt it was necessary to, first and most importantly, expand our land position to cover the ground we researched and determined to be highly prospective for additional discovery in the Wabassi Segment of the Fort Hope Greenstone Belt. We felt that we needed to secure these additional properties immediately and initiated the acquisition of the priority lands. Next, we are contracting for the flying of airborne magnetic and EM surveys to cover our new ground. We also felt that the time has come to establish a camp that is more central to our activities, which have already accelerated," continued Michael Senn from Discovery Harbour.

Drilling - "A-1 Zone"

Partial results from drill-holes 11WA-14 and 15 targeting the A1 Nickel-Copper Zone have also been received. Drill-hole 11WA-14 targeted a deep conductor hosted within the Wabassi Intrusion that was identified on a ground geophysical survey completed last year. Although extensive copper mineralization was encountered during the drilling, the conductor was not intersected and will require further testing. Importantly, one sample interval assayed 4.52 g/t Au and 0.47% Cu. The sample interval measured 0.5 meters yet the only visible mineralization was a 5-10 centimeter diameter breccia fragment (xenolith) of volcanic rock containing veinlets of chalcopyrite (copper sulphide). This fragment was derived from the host rock and was assimilated into the gabbro as it was intruded through the host or country rock. This implies that higher grades of copper-gold mineralization may occur in the volcanics adjacent to this part of the intrusion.

Drill-hole 11WA-15, located 100 meters west of 11WA-14 targeted a near surface EM anomaly that is one of the strongest conductors on the property. The drill-hole intersected disseminated chalcopyrite mineralization hosted within volcanic rocks. This conductance of this disseminated mineralization alone, however, does not explain the strength of the EM conductor. Assays have only been received from the top portion of the hole but returned a 30 meter intersection grading 0.24% Cu. The conduct and appearance of the mineralization in the core from 11WA-15 indicates that it may be part of a copper-rich sulfide system that is causing the strong electromagnetic response. We believe that DDH 11WA-15 was drilled above the main conductor there. Additional drilling will explain the source of the 23,000 siemens ground EM anomaly.

Assays are still pending for the remaining samples from drill-holes 11WA-15, 16 and 17 and for all of 18, 19 and 20.

Significant assay results include:

Drill Hole From To Interval (m)* Cu (%) Zn (%) Ag (g/t) Au (g/t)
11WA-16 158.00 178.05 20.05 1.1 2.3 54 0.14
including 161.00 174.10 13.10 1.5 3.3 76 0.20
including 161.00 168.60 7.60 1.7 4.5 91 0.20
including 161.00 162.00 1.00 0.7 15.3 38 0.07
and 162.00 163.00 1.00 1.3 14.3 62 0.09
and 163.00 163.75 0.75 3.7 4.4 194 0.83
and 163.75 164.50 0.75 1.9 0.5 96 0.31
and 164.50 165.50 1.00 4.0 0.2 194 0.16

Drill Hole From To Interval (m)* Cu (%) Zn (%) Ag (g/t) Au (g/t)
11WA-17 254.86 285.50 30.64 1.4 2.1 34 0.11
including 272.40 285.50 13.10 2.6 4.8 66 0.24
including 272.40 276.00 3.60 5.7 9.9 150 0.33
including 272.40 272.90 0.50 3.5 4.4 92 0.43
and 272.90 273.60 0.70 7.0 25.3 193 0.29
and 273.60 274.20 0.60 9.1 11.9 217 0.34
and 274.20 275.00 0.80 2.4 0.4 66 0.30
and 275.00 275.50 0.50 5.7 0.8 150 0.29
and 275.50 276.00 0.50 7.3 15.6 202 0.37

Drill Hole From To Interval (m)* Cu (%) Au (g/t)
11WA-14 50.00 50.50 0.50 0.47 4.52
  62.00 73.02 11.02 0.3 0.01
  78.37 81.16 2.79 1.3 0.16

Drill Hole From To Interval (m)* Cu (%) Au (g/t)
11WA-15 29.00 59.00 30.00 0.24 0.01

*All intervals composed of multiple samples are weighted averages. Intervals given are the length of core intersection and may not represent true widths.

Discovery Harbour is currently earning a 51% interest in the Wabassi project and property. This earn-in will be completed during 2011, at which time a joint venture will be formed between Northern Shield and Discovery Harbour. Each will then contribute funding to the project on a pro-rata basis. Northern Shield will continue to operate the project on behalf of the partnership.

The drill program was overseen by Christine Vaillancourt, Chief Geologist for Northern Shield and a Qualified Person under National Instrument 43-101. The drilling is being conducted by Layne Christensen of Chandler, Arizona. The ground and down-hole geophysics were completed by Crone Geophysics. Samples are being analyzed by ALS Chemex laboratories in Vancouver, B.C. for Au, Pt, and Pd using Fire Assay with ICP-AES finish and 27 further elements using four acid digestion and ICP-AES.

About Discovery Harbour

Discovery Harbour Resources Corp. is a privately held investment vehicle that identifies, invests in and grows high margin mineral resource projects and strategically placed, early stage companies in low to moderate risk jurisdictions. Discovery is presently focused upon the acquisition of a 'Flagship Transaction'. Negotiations are advancing on transactions of merit: these are being sequenced to ensure that the priority opportunities advance.

For more information on Discovery Harbour, please visit the Company's website at: www.discoveryharbour.com

ON BEHALF OF THE BOARD OF DIRECTORS

"Ian Graham"     
Ian Graham
President and CEO

Some of the statements contained in this press release are forward-looking statements, such as statements that describe Discovery Harbour's future plans, intentions, objectives or goals. In certain cases, forward-looking statements can be identified by the use of words such as "expects", "will", "enable", "anticipate", "estimate", "suggest" or words of similar effect. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements inherently involve unknown risks, uncertainties, assumptions and other factors well beyond the Company's ability to control or predict. Actual results and developments may differ materially from those contemplated by such forward-looking statements depending on, among others, such key factors as negotiating and entering into definitive agreements, fluctuating metal prices, and other factors. The forward-looking statements included in this document represent Discovery Harbour's views as of the date of this document and subsequent events and developments may cause Discovery Harbour's views to change. These forward-looking statements should not be relied upon as representing Discovery Harbour's views as of any date subsequent to the date of this document. Although Discovery Harbour has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Discovery Harbour Resources Corp.

For further information:

Ian Graham, President & CEO
Discovery Harbour Resources Corp.
Telephone: (604) 689-1799
Fax: (604) 681-8199 
Email: ian@discoveryharbour.com

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Discovery Harbour Resources Corp.

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