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
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
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
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
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
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
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
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.