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
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
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
Regional Targets - Ground Surveys / Drill
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
- 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
President, CEO and Corporate Secretary
Disclaimer for Forward-Looking
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.