VANCOUVER, May 15, 2013 /CNW/ - Discovery Harbour Resources
Corp. (TSXV:DHR) ("Discovery" or the "Company") is pleased to
announce gold assay results from its spring, 2013 drilling program
and its bore hole gravity survey at the Wabassi VMS Project,
located in Northwestern
Ontario.
In the process of drill testing Anomaly "N", a
high priority VTEM conductor interpreted to define a massive
sulfide target, an alteration zone with visible gold was
intercepted at 98.8 metres and gold mineralization continued to
101.1 metres. The auriferous zone appears to be related to an
intermediate intrusive dike or sill and occurs at the contact of
this intrusive and the altered mafic volcanic rocks. The table
below indicates the contiguous sample intervals, sample weights,
lengths and assay values though this zone. Weighted averages have
been calculated using the formulae in table 1.
Photographs showing the visible gold in the host
rocks are available at
http://www.discoveryharbour.com/projects/milestone/progress/.
The core drilled is B-sized, thin wall and
measures 42 millimetres / 1.65 inches in diameter.
Table 1:
Wabassi Project - DDH 13WA-33
(Azimuth 305o, UTM-NAD83, Zn 16, 528,603mE,
5,722,736mN) |
Sample # |
Hole ID |
From
(m) |
To
(m) |
Length
(m) |
Recv'd
Wt
(Kg) |
Au
(ppm) |
Au (ppm)
high-grade
Analysis |
Au
(oz/ton) |
122868 |
13WA-33 |
98.8 |
98.95 |
0.15 |
0.28 |
>10 |
2530 |
73.8 |
122869 |
13WA-33 |
98.95 |
100 |
1.05 |
1.78 |
0.067 |
|
0.00 |
122870 |
13WA-33 |
100 |
101.1 |
1.1 |
2.05 |
5.86 |
|
0.17 |
Totals |
|
|
|
2.3 |
4.11 |
|
|
|
|
|
|
|
|
|
|
|
|
32.151g = 1 Troy
Ounce |
|
1 Short Ton = 0.90719 Metric
Tonnes |
|
|
Composite Sample Interval Grade
Calculations |
|
Weighting by |
Hole ID |
From
(m) |
To
(m) |
Length
(m) |
Recv'd
Wt
(Kg) |
Weighted
Au
(ppm) |
Weighted
Au (oz/ton) |
|
Sample Weight |
13WA-33 |
98.8 |
101.1 |
2.3 |
4.11 |
175.3 |
5.11 |
|
Sample Length |
13WA-33 |
98.8 |
101.1 |
2.3 |
4.11 |
167.8 |
4.90 |
|
Au values shown in ppm are equivalent to
grams per metric tonne: e.g. 167.8ppm = 167.8g/tonne
Sample weight weighted average = sum of each sample wt *
assay grade / total weight of composite sample
Sample length weighted average = sum of each sample length *
assay grade / total length of composite sample
This discovery is the second gold system
discovery that has been made within the Wabassi claims group. As
reported in a press release dated August 22,
2012 (refer www.discoveryharbour.com, and as reported by
Northern Shield Resources (TSXV:NRN) in a press release dated
August 22, 2012 and available on
SEDAR at www.sedar.com), drilling at the A1 VMS Zone also
intersected anomalous gold mineralization over 3.07 metres in a
shear system. The table below shows the intervals and assay values
from this discovery as reported in August, 2012. All analyses were
performed by ALS Minerals in North
Vancouver. ALS Minerals has an arms's length relationship
with Discovery and Northern Shield. Trace level gold was analyzed
using the ALS Au-ICP-21 analytical method, a 30 gram fire assay
with ICP-AES finish and the high grade gold assay used the ALSm
Au-Gra-21 method, a 30 gram fire assay with Gravimetric finish.
Samples are subject to a project QA/QC process (described more
fully in the NI43-101 report previously filed by company on SEDAR):
for the high grade intercept reported here, a single check assay
was requested of ALS Minerals, North
Vancouver for its Au-Gra-21 analytical procedure on
recovered material from sample 122868: this check assay returned a
result of 2,490 ppm, a satisfactory repeat of 2,530 ppm initially
determined).
A1 Zone VTEM Drilling - August, 2012
Drill Hole |
From |
To |
Interval (m)* |
Au (g/t) |
12WA-30 |
135.52 |
136.55 |
1.03 |
16.3 |
and |
136.55 |
137.55 |
1 |
1.04 |
and |
137.55 |
138.59 |
1.04 |
0.173 |
Globally, gold mineralization is present in a
majority of VMS districts. Discovery Harbour is very pleased that
these gold occurrences have been identified with very little
drilling, a total of 36 exploration holes since 2008. Essentially,
no outcrop occurs within the claims group.
Drilling is planned to resume immediately after
the spring breakup period, tentatively prior to the end of May,
2013. We will be testing other VMS targets and are planning on
additional drilling at this new gold location.
Drilling will also be testing results from a
Gravilog (Abitibi Geophysics) survey that was conducted in March,
2013. The down-hole gravimetre surveyed four of the eight holes
that have been drilled into the VMS mineralization at Anomaly E.
From each reading station in the hole, the instrument is capable of
detecting a significant accumulation of higher density rock
formation well in excess of 100m from the sensor location. The data
from multiple holes allow for the plotting of density contrasts in
three dimensions in the subsurface where the density anomalies, in
this case, are interpreted to represent semi-massive and massive
sulfide mineralization.
The results from Abitibi show dense masses in
the subsurface that are coincident with and 'off hole' from drill
intercepts where strong zinc-copper-silver mineralization is
present (refer
http://www.discoveryharbour.com/projects/milestone/overview/ for
images of the inversion-modeled mineralization). Discovery and
Northern Shield are planning for the upcoming drill program to
include the testing of these newly developed targets at Anomaly E,
including tests to determine whether the modeled shallow
mineralization is present as well as the mineralization inferred at
depth (-400 metre to -500 metre level). Presently, our deepest
intercept is -324 metres in hole 11WA-20.
Discovery and Northern Shield are pleased with
the results of the Abitibi modeling of the mineralized zones at
Anomaly E and the newly discovered high grade gold intercept at
Anomaly N. "We continue to demonstrate high potential for extensive
VMS-base metal and structurally-controlled precious metal
mineralization at Wabassi: each application of a new technique, and
each round of drilling employed continue to confirm and extend our
hope for and belief in the compelling nature of this new Canadian
mineral district" says Michael Senn,
Senior Executive Vice-President for Discovery.
The scientific and technical information in this
news release has been reviewed and approved by Michael J. Senn, a licensed professional
geologist in the State of Wisconsin,
USA, and the Senior Executive Vice-President and a director
of Discovery. Mr. Senn is a Qualified Person under National
Instrument 43-101.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR
RESOURCES CORP.
"Ian
Graham"
Ian Graham
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 future drilling and testing
and drill 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 the shares
may not resume trading as planned and that future drilling and
testing may not occur as planned or at all.
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.