VANCOUVER, Dec. 11, 2013 /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 exploration program, which was initiated on
October 4, 2013, at their Wabassi
Project in Northwestern Ontario
has ended as of December 5, 2013.
This program had a planned budget of Cdn
$1.5 million which was funded by
Discovery Harbour 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 and November 14, 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
targets that were tested are Anomaly Q (2 holes / 541 meters
total), Anomaly C (1 hole / 239 meters) and Anomaly E (4 holes /
2,101 meters).
Samples are being assay tested at ALS Minerals
laboratory located Timmins,
Ontario which lab has an arm's length relationship with the
Company, Northern Shield and Great Lakes. The Assay results from
this Fall 2013 program will be reported once all the results have
been received.
Michael J. Senn,
a licensed professional geologist, is the Qualified Person for
Discovery Harbour Resources as described in National Instrument
43-101 and is responsible for and has approved the contents of this
release. Great Lakes is a private U.S. company controlled by
a director and significant shareholder of Discovery.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR
RESOURCES CORP.
"Ian
Graham"
Ian Graham
President, CEO, 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 the results of the Fall 2013 Drilling
Program, timing for receipt of results and timing for the reporting
of results. 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
results of the 2013 Drilling Program may not be favorable, the
results of the program may not be received on a timely basis or at
all, there may be unexpected delays in disclosing the results of
the drilling program, 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.