VANCOUVER, May 29, 2013 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company") is pleased to announce that drilling has resumed at the Wabassi VMS Project, located in Northwestern Ontario. The program is anticipated to include +1,700m of drilling to occur principally at Anomaly "E" with the intention of further testing for conductive mineralization inferred from surface EM surveys and to test targets inferred from the down-hole gravity survey reported to the project partners (Discovery (51%) and Northern Shield Resources Inc. [NRN:V] (49%)) by Abitibi Geophysics in May, 2013.
The Wabassi Property features a land position covering 38,720 ha. This District-Size land holding with multiple volcanogenic massive sulphide (VMS) discoveries, two significant gold drill intercepts and indications of Cu-Zn-Ag is the most recent VMS District to be discovered in Canada. The proposed road access to the Cliffs Natural Resources owned Black Thor chromite deposits in the "Ring of Fire" passes through the Wabassi Property.
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, including that the drilling program is anticipated to include +1,700m of drilling principally at Anomaly "E". 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 proposed drilling program may not be completed as intended 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)