Discovery Harbour Completes Drilling at Wabassi VMS Project, Assay Results Expected in July.
25 Jun, 2013, 17:23 ET
/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES./
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 drilling.
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)
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