/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES
VANCOUVER, Oct. 11, 2013 /CNW/ - Discovery Harbour Resources Corp.
(TSXV:DHR) ("Discovery" or the "Company") and its joint-venture
partner, Northern Shield Resources (TSXV:NRN) ("Northern Shield") are
pleased to announce the mobilization of line-cutting, geophysical and
drilling crews to our Mink Lake camp for initiation of a Fall
exploration program at the Wabassi Project, Northwestern Ontario.
The program that is underway has a budget of Cdn $1.5 million and is
projected to complete detailed geophysical surveys and approximately
2,800 meters of drilling. Discovery and Northern Shield are presently
supplying the Mink Lake camp with additional fuel and other necessities
in anticipation of working through the Fall season and the freeze-up
period expected in November.
The program's planned objectives are:
To complete detailed ground geophysics and to test the high priority
target, Anomaly "Q" which is located on one of the claims that was disputed by China
Metallurgical Exploration Corp and Keystone Associates. This hearing
was held in Sudbury, Ontario on August 19, 2013 and the dispute was
subsequently dismissed by the Ministry of Northern Development and
Mines for Ontario on August 21, 2013. The claims under dispute have
been assigned to Discovery and Northern Shield. See Discovery's press
release dated August 23, 2013 which is available on SEDAR at www.sedar.com for additional information. Anomaly "Q" is represented by a strong
airborne (VTEM) electromagnetic signature with a coincident weak to
moderate magnetic response. Based on drilling and core logging from
holes 13WA-33 & 34, located 15 kilometers to the southwest and inferred
(from airborne magnetics) to lie along strike, Anomaly "Q" is
interpreted to occur within felsic volcanics at their contact with
intermediate volcanics. Ground-based pulse EM (PEM) and detailed
magnetic surveys will be conducted to improve drill hole targeting.
The airborne EM signature of Anomaly "Q" measures 800 meters
(east-west) and is presently interpreted to be caused by a thick (>50
meters), inclined geophysical conductive plate dipping to the
south-southeast. Modeled depths to the top of the conductive plates
average 48 meters.
To extend the known mineralization at the Anomaly "E" VMS discovery (2011) laterally (along strike) and vertically (to a
depth of -500 meters) by drill testing. The drilling also aims to
determine whether base-precious metal mineralization explains as yet
untested conductive bodies detected during our 2013 down hole 3D
electromagnetic and our 2011 surface PEM surveys. The aim of this
drilling is to determine whether the known zinc-copper-silver-gold
mineralization continues over the strike length of 600 meters displayed
by the measured conductor and whether it continues at depth as
suggested by the surface and downhole EM surveys. Discovery and
Northern Shield plan to test whether the VMS body has continuity and is
plunging to the northeast and to the southwest. Present interpretations
indicate that a geophysical conductor persists to depths of -825
meters, the depth penetration limits of the PEM survey employed.
Reporting of the Anomaly "E" exploration results to-date can be found
in Discovery Harbour's NI 43-101 Technical Report entitled "Technical Report on the Wabassi Property Northern Ontario Canada" prepared by J. Garry Clark, P. Geo. dated November 16, 2012 (the
"Technical Report") and more recent press releases, including those dated April 14, 2011,
June 6, 2011, August 22, 2012, May 15, 2013, May 29, 2013 and August
22, 2013 all of which are available on SEDAR at www.sedar.com.
To explain the strong airborne conductor at Anomaly N1 and N2. Drilling earlier in 2013 failed to explain the 2012 presence of
ground PEM conductors but was successful in intercepting visible gold
in drill hole 13WA-33, as reported in a press release dated May 13,
2013, also available on SEDAR. Prior to drilling in this phase,
additional ground PEM, Max-Min and detailed magnetic surveys will be
conducted to more accurately locate drilling.
To expand the base-precious metal mineralization discovered at the A2 VMS discovery in 2010 and to prove whether the adjacent target, the A3 Zone, which has not yet been ground surveyed or drill tested, represents a
lateral extension of the A2 Zone. To accurately locate the drilling,
detailed ground PEM and magnetic surveys will be conducted over a large
survey grid covering both the A2 and the A3 Zones. Details of prior
exploration at the A2 discovery are reported in the Technical Report,
available on SEDAR at www.sedar.com.
To explain the Anomaly "M" conductor which was also drilled earlier this year but failed to
explain the strong airborne response associated with this zone. Drill
hole 13WA-35 was designed to test this conductor but appears to have
been drilled over the top of the conductive target. Prior to this
phase of drill testing, detailed ground PEM, Max-Min EM and magnetic
surveys will be completed to more accurately locate the source and
allow for accurate positioning of the drill.
To explain the ground PEM targets generated from the surveying of Anomaly "C". This anomaly comprises 3 separate conductive zones, C1, C2 and C3.
One of these zones, "C1", was drill tested in 2010 (10WA-18) and
successfully intercepted VMS-style mineralization. However, the
zinc-copper-silver assays were all contained within a gabbro-norite and
not in the typical host of VMS, which are volcanics. This drill hole
did, however, end in volcanic rocks very similar to the lithologies
discovered in the Anomaly "E" VMS occurrence. Recent interpretation of
the VTEM airborne magnetic survey suggests that the Anomaly "C" zones,
C2 and C3, both occur in volcanic hosts and are located approximately
1,100 meters east, along strike from the Anomaly "E" VMS discovery.
Detailed ground geophysical surveys will be performed prior to drilling
to locate appropriate drill solutions.
Budget permitting, additional testing of the two gold zone discoveries
will occur in concert with the testing of other high priority regional
targets. Twenty-two such high priority targets remain to be explained.
Michael J. Senn, a licensed professional geologist and director of
Discovery, is a Qualified Person as defined in National Instrument
43-101 and has reviewed, approved and is responsible for the scientific
and technical information in this news release.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
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: (i) the planned
exploration program, (ii) the mobilization of crews for the proposed
work program, (iii) the timing and duration of the proposed work
program, (iv) the budget for the proposed work program, (v) the
geophysical surveys, magnetic surveys and drilling expected to be
completed at the Wabassi property, (vi) the mineralization at the
various high priority targets on the Wabassi property and elsewhere on
the Wabassi property, (vii) the interpretations of prior exploration
results, and (viii) the expected results from the proposed work
program. 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: (1) the Company may not obtain required
permits, (2) the Company may not have sufficient financing to carry out
its plans, (3) the Company may run into drilling difficulties or other
difficulties in carrying out the proposed work program, (4) the Company
may not have sufficient experienced labour, and (5) despite encouraging
results there may be no commercial mineralization on the Company's
projects. Except as required by law, the Company does not intend to
update these forward-looking statements.
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.