VANCOUVER, Jan. 15, 2014 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company") and its partners, Northern Shield Resources (TSXV:NRN) ("Northern Shield") and Great Lakes Resources LLC ("Great Lakes"), a private company, announce that the Fall 2013 exploration program, which was initiated on October 4, 2013, at their Wabassi Project in Northwestern Ontario ended on December 5, 2013 and final assay results from drilling have been received.
As reported in the press release dated December 11, 2013, the program had a planned budget of Cdn $1.5 million which was funded by Discovery and Great Lakes and was designed to complete detailed geophysical surveys and approximately 2,800 meters of drilling (see Discovery News Releases dated October 11, 2013, November 14, 2013 and December 11, 2013).
Ground and Bore Hole EM (electromagnetic) surveys were completed on 5 separate grids and drilling of both surface-derived and bore hole EM targets was completed on 3 targets within the Wabassi Project for a total of 7 holes, comprising an actual total of 2,881 meters of drilling for an approximate total expenditure of Cdn $1.65 million.
The best result was drill hole 13WA-43 where mineralization graded 4.88% Zn; 0.6% Cu; 18.9 g/t Ag and 0.183 g/t Au from 314.7m to 328.95m (14.22m) on Anomaly "E". Other drill holes did not generally intercept significant mineralization. However, where drilling failed to explain the targeted geophysical responses, volcanic lithologies, typical hosts to VMS style mineralization, were intersected. Additionally, down hole pulse EM surveys conducted during this program identified a number of off hole anomalies that have sufficient intensity and size to merit ranking as priority targets for future drill testing.
The targets that were tested are all priority geophysical responses from airborne and ground electromagnetic and magnetic surveys. The results for each target are described below.
Anomaly "Q" - Drill holes 13WA-46 (approximately 284m) & 13WA-47 (approximately 257m)
Two holes, spaced approximately 225m apart, along the axis of the conductor, were drilled at Anomaly Q. However the anomaly was not satisfactorily explained and therefore bore hole (down hole) pulse EM surveys were conducted from top to bottom of each of holes 13WA-46 & 47. The results of these two down hole surveys indicate that moderate to strong conductors reside off-hole (approximately 35m to 50m) in each of holes 13WA-46 & 13WA-47. Anomaly Q remains as a priority drill target at Wabassi.
Anomaly "E" - Drill holes 13WA-43 (approximately 362m), 13WA- 44 (approximately 563m), 13WA-45 (approximately 356m) & 13WA-49 (approximately 820m)
The planned objective of this phase of drilling at the Anomaly E VMS discovery was to test the continuity of the mineralization, both laterally, along strike and vertically to a depth of at least -500m.
Hole 13WA-43 was planned to prove that three conductors, located approximately 325 vertical meters below surface, are attributable to VMS-style mineralization. Drilling intersected stringer zone pyrite, pyrrhotite & chalcopyrite mineralization and alteration in the footwall, beneath the main sulfide body from approximately 283.15m to 314.7m (approximately 31.55m). A zone of continuous semi-massive and massive sulfide mineralization (pyrrhotite-pyrite-sphalerite-chalcopyrite) was intercepted in 13WA-43 as predicted. As reported by ALS Chemex, assays from 314.7m to 328.95m indicate 14.22m @ 4.88% Zn; 0.6% Cu; 18.9 g/t Ag and 0.183 g/t Au, including, 324.05m to 328m (3.95m) @ 17.3% Zn; 0.983% Cu; 30 g/t Ag and 0.2 g/t Au.
These intercepts exhibit that the zinc-copper-silver-gold mineralization residing at shallower depths in the core portion of Anomaly E, continues at least -257 vertical meters below surface. Additional down hole EM surveying is warranted to determine if this mineralization continues at depths below hole 13WA-43.
Hole 13WA-44 was designed to test surface pulse EM responses located at vertical depths of -450m to at least -650 m. No semi-massive or massive sulfides were encountered and the deep conductor was not explained. Footwall alteration and copper stringer zone mineralization (pyrrhotite-pyrite-chalcopyrite) was encountered from approximately 448.1m to 505.8m (57.7m). This approximate 57.7m section of copper stringer zone ranged from 0.26% Cu with assays reporting highs of 1.2% Cu from 465.25m to 465.75m (0.5m) and 2.5% Cu from 504.8m to 505.8m (1m).
Consequently, a bore hole EM survey was performed in 13WA-44. This survey produced a strong off-hole response, interpreted to be located approximately 35m to the southwest of this hole. The response occurred from approximately 505m to 535m.
Holes 13WA-45 and 49 did not explain the targeted conductors and further work is required to determine the conductor source. Assays from hole 13WA-45 did not indicate anomalous base or precious metal mineralization. However, hole 13WA-49 did intercept 7.3 g/t Au associated with a quartz-tourmaline vein. This intercept was assayed from 539.87m to 540.87m (1 meter interval / 1 sample). The conductors present in this portion of Anomaly E remain as priorities to test.
Another objective of this program was to explain the ground PEM targets generated from the surveying of Anomaly "C" which consists of 3 separate conductive zones, C1, C2 and C3. One of these zones, "C1" was drill tested in 2010 (10WA-18) and successfully intercepted weak to moderate zinc-copper-silver mineralization contained within a gabbro-norite of the Wabassi Intrusion and not in typical volcanic lithologies that are host to VMS systems globally.
Drill hole 13WA-48 explained the conductor as it intercepted pyrrhotite with minor sphalerite, chalcopyrite and silver as disseminations and net-textured mineralization in the gabbros from 171m to 226m (55 m). These gabbros are believed to be part of the younger Wabassi Intrusive Complex and, during intrusion into the volcanic stratigraphy, may have incorporated pre-existing VMS mineralization.
Regional Targets - Ground Surveys / Drill Site Preparation
In addition to the ground surveys already mentioned above, pulse EM and magnetic survey data were collected over Anomalies M, N1 and A3. The results of the EM surveys over these zones indicate that:
- Anomaly M has a weak to moderate conductor but is located deeper than expected. The drilling attempt during the 2013 spring program apparently drilled over the top of the ground response. Additional drill testing at Anomaly M is warranted while further work is required to understand the source of other geophysical anomalies on the Wabassi Project.
- Anomaly N ground survey results did not reveal any new targets. The original target there remains unexplained. One hole from the spring, 2013 program at Anomaly N produced visible gold as reported in a press release dated May 15, 2013. This occurrence also warrants additional investigation.
- Ground pulse EM surveying of the A3 Zone, the proposed southwestern extension of the A2 VMS discovery from 2010, did not produce a drill target of merit. Further work within the A2 discovery area may produce further knowledge of the A3 response. A2 also warrants further drilling and bore hole EM.
Please note that the drill intercepts reported do not represent true thickness or width of the mineralized intervals. Additional drilling is required to determine true dimensions of the mineralization described.
All geochemical analyses were performed by ALS Chemex in Vancouver, BC. ALS Chemex has an arms's length relationship with Discovery, Great Lakes and Northern Shield.
Trace level gold was analyzed using the Chemex Au-ICP-21 analytical method, a 30 gram fire assay with ICP-AES finish and the high grade gold assay used the Chemex Au-Gra-21 method, a 30 gram fire assay with Gravimetric finish. Samples were analyzed for base metals by four acid digestion and ICP-AES.
Michael J. Senn, a licensed professional geologist and director of Discovery, is the Qualified Person for Discovery as described in National Instrument 43-101 and is responsible for and has approved the technical contents of this release.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
President, CEO and Corporate Secretary
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 exploration, drilling and testing, and future 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 we may not obtain required permits, we may not have sufficient financing to carry out our plans, we may run into drilling difficulties, we may not have sufficient experienced labour, future exploration, drilling and testing may not occur as planned or at all, and despite encouraging results there may be no commercial mineralization on our projects. Except as required by law, we do 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.