/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES./
VANCOUVER , Oct. 11, 2013 /CNW/ - Discovery Harbour Resources Corp. (DHR.V) ("Discovery" or the "Company") and its joint-venture partner, Northern Shield Resources (NRN.V) ("Northern Shield") are pleased to announce the mobilization of line-cutting, geophysical and drilling crews to our Mink Lake camp for initiation of a Fall exploration program at the Wabassi Project, Northwestern Ontario .
The program that is underway has a budget of Cdn $1.5 million and is projected to complete detailed geophysical surveys and approximately 2,800 meters of drilling. Discovery and Northern Shield are presently supplying the Mink Lake camp with additional fuel and other necessities in anticipation of working through the Fall season and the freeze-up period expected in November.
The program's planned objectives are:
- To complete detailed ground geophysics and to test the high priority target, Anomaly "Q" which is located on one of the claims that was disputed by China Metallurgical Exploration Corp and Keystone Associates. This hearing was held in Sudbury, Ontario on August 19, 2013 and the dispute was subsequently dismissed by the Ministry of Northern Development and Mines for Ontario on August 21, 2013 . The claims under dispute have been assigned to Discovery and Northern Shield. See Discovery's press release dated August 23, 2013 which is available on SEDAR at www.sedar.com for additional information. Anomaly "Q" is represented by a strong airborne (VTEM) electromagnetic signature with a coincident weak to moderate magnetic response. Based on drilling and core logging from holes 13WA-33 & 34, located 15 kilometers to the southwest and inferred (from airborne magnetics) to lie along strike, Anomaly "Q" is interpreted to occur within felsic volcanics at their contact with intermediate volcanics. Ground-based pulse EM (PEM) and detailed magnetic surveys will be conducted to improve drill hole targeting. The airborne EM signature of Anomaly "Q" measures 800 meters (east-west) and is presently interpreted to be caused by a thick (>50 meters), inclined geophysical conductive plate dipping to the south-southeast. Modeled depths to the top of the conductive plates average 48 meters.
- To extend the known mineralization at the Anomaly "E" VMS discovery (2011) laterally (along strike) and vertically (to a depth of -500 meters) by drill testing. The drilling also aims to determine whether base-precious metal mineralization explains as yet untested conductive bodies detected during our 2013 down hole 3D electromagnetic and our 2011 surface PEM surveys. The aim of this drilling is to determine whether the known zinc-copper-silver-gold mineralization continues over the strike length of 600 meters displayed by the measured conductor and whether it continues at depth as suggested by the surface and downhole EM surveys. Discovery and Northern Shield plan to test whether the VMS body has continuity and is plunging to the northeast and to the southwest. Present interpretations indicate that a geophysical conductor persists to depths of -825 meters, the depth penetration limits of the PEM survey employed. Reporting of the Anomaly "E" exploration results to-date can be found in Discovery Harbour's NI 43-101 Technical Report entitled "Technical Report on the Wabassi Property Northern Ontario Canada" prepared by J. Garry Clark , P. Geo. dated November 16, 2012 (the "Technical Report") and more recent press releases, including those dated April 14, 2011 , June 6, 2011 , August 22, 2012 , May 15, 2013 , May 29, 2013 and August 22, 2013 all of which are available on SEDAR at www.sedar.com.
- To explain the strong airborne conductor at Anomaly N1 and N2. Drilling earlier in 2013 failed to explain the 2012 presence of ground PEM conductors but was successful in intercepting visible gold in drill hole 13WA-33, as reported in a press release dated May 13, 2013 , also available on SEDAR. Prior to drilling in this phase, additional ground PEM, Max-Min and detailed magnetic surveys will be conducted to more accurately locate drilling.
To expand the base-precious metal mineralization discovered at the A2 VMS discovery in 2010 and to prove whether the adjacent target, the A3 Zone, which has not yet been ground surveyed or drill tested, represents a
lateral extension of the A2 Zone. To accurately locate the drilling,
detailed ground PEM and magnetic surveys will be conducted over a large
survey grid covering both the A2 and the A3 Zones. Details of prior
exploration at the A2 discovery are reported in the Technical Report,
available on SEDAR at www.sedar.com.
To explain the Anomaly "M" conductor which was also drilled earlier this year but failed to
explain the strong airborne response associated with this zone. Drill
hole 13WA-35 was designed to test this conductor but appears to have
been drilled over the top of the conductive target. Prior to this
phase of drill testing, detailed ground PEM, Max-Min EM and magnetic
surveys will be completed to more accurately locate the source and
allow for accurate positioning of the drill.
- To explain the ground PEM targets generated from the surveying of Anomaly "C". This anomaly comprises 3 separate conductive zones, C1, C2 and C3. One of these zones, "C1", was drill tested in 2010 (10WA-18) and successfully intercepted VMS-style mineralization. However, the zinc-copper-silver assays were all contained within a gabbro-norite and not in the typical host of VMS, which are volcanics. This drill hole did, however, end in volcanic rocks very similar to the lithologies discovered in the Anomaly "E" VMS occurrence. Recent interpretation of the VTEM airborne magnetic survey suggests that the Anomaly "C" zones, C2 and C3, both occur in volcanic hosts and are located approximately 1,100 meters east, along strike from the Anomaly "E" VMS discovery. Detailed ground geophysical surveys will be performed prior to drilling to locate appropriate drill solutions.
Budget permitting, additional testing of the two gold zone discoveries will occur in concert with the testing of other high priority regional targets. Twenty-two such high priority targets remain to be explained.
Michael J. Senn , a licensed professional geologist and director of Discovery, is a Qualified Person as defined in National Instrument 43-101 and has reviewed, approved and is responsible for the scientific and technical information in this news release.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
" 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: (i) the planned exploration program, (ii) the mobilization of crews for the proposed work program, (iii) the timing and duration of the proposed work program, (iv) the budget for the proposed work program, (v) the geophysical surveys, magnetic surveys and drilling expected to be completed at the Wabassi property, (vi) the mineralization at the various high priority targets on the Wabassi property and elsewhere on the Wabassi property, (vii) the interpretations of prior exploration results, and (viii) the expected results from the proposed work program. 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: (1) the Company may not obtain required permits, (2) the Company may not have sufficient financing to carry out its plans, (3) the Company may run into drilling difficulties or other difficulties in carrying out the proposed work program, (4) the Company may not have sufficient experienced labour, and (5) despite encouraging results there may be no commercial mineralization on the Company's projects. Except as required by law, the Company does 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.
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contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199.