/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES
VANCOUVER, June 25, 2013 /CNW/ - Discovery Harbour Resources Corp.
(TSXV:DHR) ("Discovery" or the "Company") is pleased to announce the
completion of the Drill Program as announced May 28, 2013 at the
Wabassi VMS Project, located in Northwestern Ontario.
This latest drilling completes a two phase program that commenced in
March: a total of nine holes for 2,889 meters of drilling have been
completed. The drilling achieves a significant milestone as it ensures
the company has satisfied the drilling commitment detailed in the NI
43-101 report scope that accompanied the RTO by way of a Plan of
Arrangement completed April 2, 2013.
Samples are currently being processed and sent to ALS Minerals, North
Vancouver. The assay results of all drill holes are expected to be
available through July once analyses have been received and subjected
to quality assurance/quality control review.
Two regional targets were tested in the first phase as per the company
News Release dated May 14, 2013. The second phase of the drilling was
designated for the testing of down-hole gravity targets at the Anomaly
E VMS occurrence (see May 28, 2013 News Release). We have demonstrated
that most gravity anomalies in the subsurface are attributable to
density contrasts between the intersected host rocks.
Presently down-hole electromagnetic surveys are being conducted. Results
from these surveys will be included for testing with the next round of
On behalf of the Board,
Ian Graham, President and CEO
Cautionary Note Regarding Forward-Looking Statements: This news release contains forward-looking statements concerning the
Company's plans for exploration of the Wabassi Property. These
forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements,
including, without limitation, the risk that the samples from the
drilling program may not be tested as planned or at all and that the
down-hole electromagnetic surveys may not be conducted as planned or at
all. Factors which may delay or prevent these forward-looking
statements from being realized include: we may not be able to raise
sufficient funds to complete our intended exploration, keep our
properties or carry on operations; there may be cost overruns;
misinterpretation of data is possible; and we may be unable to continue
exploration due to permitting requirements, weather, logistical
problems, labor or equipment problems or hazards even if funds are
available. Despite encouraging data there may be no commercially
exploitable mineralization on our properties. Such information
contained herein represents management's best judgment as of the date
hereof based on information currently available. The Company does not
intend to update this information, except as required by law, and
disclaims any legal liability to the contrary.
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:
Discovery Harbour Resource Corp.
604 689 1799
604 689 8199 (FAX)