Discovery Harbour Announces 4.90 Ounces per Ton Gold Over 2.3 Uncut Metres Containing 73.8 Ounces per Ton Gold Over 0.15 Metres at Wabassi and Positive Results from Down Hole Gravity Survey at the Anomaly "E" VMS Discovery. Drilling to Resume

VANCOUVER, May 15, 2013 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company") is pleased to announce gold assay results from its spring, 2013 drilling program and its bore hole gravity survey at the Wabassi VMS Project, located in Northwestern Ontario.

In the process of drill testing Anomaly "N", a high priority VTEM conductor interpreted to define a massive sulfide target, an alteration zone with visible gold was intercepted at 98.8 metres and gold mineralization continued to 101.1 metres. The auriferous zone appears to be related to an intermediate intrusive dike or sill and occurs at the contact of this intrusive and the altered mafic volcanic rocks. The table below indicates the contiguous sample intervals, sample weights, lengths and assay values though this zone. Weighted averages have been calculated using the formulae in table 1.

Photographs showing the visible gold in the host rocks are available at    http://www.discoveryharbour.com/projects/milestone/progress/.

The core drilled is B-sized, thin wall and measures 42 millimetres / 1.65 inches in diameter.

Table 1:

Wabassi Project - DDH 13WA-33 (Azimuth 305o, UTM-NAD83, Zn 16, 528,603mE, 5,722,736mN)
Sample # Hole ID From
(m)
To
(m)
Length
(m)
Recv'd
Wt
(Kg)
Au
(ppm)
Au (ppm) 
high-grade
Analysis
Au
(oz/ton)
122868 13WA-33 98.8 98.95 0.15 0.28 >10 2530 73.8
122869 13WA-33 98.95 100 1.05 1.78 0.067   0.00
122870 13WA-33 100 101.1 1.1 2.05 5.86   0.17
Totals       2.3 4.11      
                 
32.151g = 1 Troy Ounce   1 Short Ton = 0.90719 Metric Tonnes    
Composite Sample Interval Grade Calculations  
Weighting by Hole ID From
(m)
To
(m)
Length
(m)
Recv'd
Wt
(Kg)
Weighted
Au
(ppm)
Weighted
Au (oz/ton)
 
Sample Weight 13WA-33 98.8 101.1 2.3 4.11 175.3 5.11  
Sample Length 13WA-33 98.8 101.1 2.3 4.11 167.8 4.90  

Au values shown in ppm are equivalent to grams per metric tonne: e.g. 167.8ppm = 167.8g/tonne
Sample weight weighted average = sum of each sample wt * assay grade / total weight of composite sample
Sample length weighted average = sum of each sample length * assay grade / total length of composite sample

This discovery is the second gold system discovery that has been made within the Wabassi claims group. As reported in a press release dated August 22, 2012 (refer www.discoveryharbour.com, and as reported by Northern Shield Resources (TSXV:NRN) in a press release dated August 22, 2012 and available on SEDAR at www.sedar.com), drilling at the A1 VMS Zone also intersected anomalous gold mineralization over 3.07 metres in a shear system. The table below shows the intervals and assay values from this discovery as reported in August, 2012. All analyses were performed by ALS Minerals in North Vancouver. ALS Minerals has an arms's length relationship with Discovery and Northern Shield. Trace level gold was analyzed using the ALS Au-ICP-21 analytical method, a 30 gram fire assay with ICP-AES finish and the high grade gold assay used the ALSm Au-Gra-21 method, a 30 gram fire assay with Gravimetric finish. Samples are subject to a project QA/QC process (described more fully in the NI43-101 report previously filed by company on SEDAR): for the high grade intercept reported here, a single check assay was requested of ALS Minerals, North Vancouver for its Au-Gra-21 analytical procedure on recovered material from sample 122868: this check assay returned a result of 2,490 ppm, a satisfactory repeat of 2,530 ppm initially determined).

A1 Zone VTEM Drilling - August, 2012

Drill Hole From To Interval (m)* Au (g/t)
12WA-30 135.52 136.55 1.03 16.3
and 136.55 137.55 1 1.04
and 137.55 138.59 1.04 0.173

Globally, gold mineralization is present in a majority of VMS districts. Discovery Harbour is very pleased that these gold occurrences have been identified with very little drilling, a total of 36 exploration holes since 2008. Essentially, no outcrop occurs within the claims group.

Drilling is planned to resume immediately after the spring breakup period, tentatively prior to the end of May, 2013. We will be testing other VMS targets and are planning on additional drilling at this new gold location.

Drilling will also be testing results from a Gravilog (Abitibi Geophysics) survey that was conducted in March, 2013. The down-hole gravimetre surveyed four of the eight holes that have been drilled into the VMS mineralization at Anomaly E. From each reading station in the hole, the instrument is capable of detecting a significant accumulation of higher density rock formation well in excess of 100m from the sensor location. The data from multiple holes allow for the plotting of density contrasts in three dimensions in the subsurface where the density anomalies, in this case, are interpreted to represent semi-massive and massive sulfide mineralization.

The results from Abitibi show dense masses in the subsurface that are coincident with and 'off hole' from drill intercepts where strong zinc-copper-silver mineralization is present (refer http://www.discoveryharbour.com/projects/milestone/overview/ for images of the inversion-modeled mineralization). Discovery and Northern Shield are planning for the upcoming drill program to include the testing of these newly developed targets at Anomaly E, including tests to determine whether the modeled shallow mineralization is present as well as the mineralization inferred at depth (-400 metre to -500 metre level). Presently, our deepest intercept is -324 metres in hole 11WA-20.

Discovery and Northern Shield are pleased with the results of the Abitibi modeling of the mineralized zones at Anomaly E and the newly discovered high grade gold intercept at Anomaly N. "We continue to demonstrate high potential for extensive VMS-base metal and structurally-controlled precious metal mineralization at Wabassi: each application of a new technique, and each round of drilling employed continue to confirm and extend our hope for and belief in the compelling nature of this new Canadian mineral district" says Michael Senn, Senior Executive Vice-President for Discovery.

The scientific and technical information in this news release has been reviewed and approved by Michael J. Senn, a licensed professional geologist in the State of Wisconsin, USA, and the Senior Executive Vice-President and a director of Discovery. Mr. Senn is a Qualified Person under National Instrument 43-101.

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

"Ian Graham"

Ian Graham
President, CEO, Corporate Secretary and Director

Disclaimer for Forward-Looking Information

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding future drilling and testing and drill targets. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the shares may not resume trading as planned and that future drilling and testing may not occur as planned or at all.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

SOURCE: Discovery Harbour Resources Corp.

For further information:

contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199.

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