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Drill Results Received for Treasure Mountain Project, Tulameen BC

VANCOUVER, BC / ACCESSWIRE / December 31, 2019 / New Destiny Mining Corp. (NED.V), (the "Company" or "NED") has received results for drilling conducted this past season at its Treasure Mountain Silver Property, located near Tulameen, B.C.

Analytical results were received for drilling completed at the Lucky Todd copper-gold prospect this past season. Four diamond drill holes (102 metres) were completed that intersected granodiorite mineralized with quartz veinlets containing chalcopyrite. Analytical results show elevated copper and molybdenum values locally. Copper values ranged up to 833 ppm Cu and molybdenum ranged to 88.3 ppm Mo. For other metals of interest, gold ranged up to 0.08 ppm Au and silver ranged to 1.59 ppm Ag. The results are provided in the table below.

Hole

From
(m)

To
(m)

Interval
(m)

Au
ppm

Ag
ppm

Cu
ppm

Mo
ppm

TN19-01

3.51

4.51

1.00

0.01

0.07

70.2

1.39

TN19-01

4.51

4.95

0.44

0.05

1.59

833.0

25.8

TN19-01

4.95

5.66

0.71

0.01

0.31

288.0

5.18

TN19-01

5.66

6.66

1.00

<0.01

0.17

126.0

6.11

TN19-01

9.00

9.50

0.50

<0.01

0.20

88.1

61.5

TN19-01

12.06

12.74

0.68

0.08

0.34

48.2

20.5

TN19-02

20.55

21.67

1.12

0.01

0.23

140.5

22.1

TN19-02

21.67

22.10

0.43

0.01

0.20

102.5

38.9

TN19-02

22.10

22.59

0.49

0.04

0.24

129.5

5.95

TN19-03

3.66

6.36

2.70

0.01

0.05

46.5

75.5

TN19-03

6.73

7.39

0.66

<0.01

0.14

119.0

13.8

TN19-03

7.93

8.90

0.97

0.01

0.08

86.6

88.3

TN19-03

15.24

16.76

1.52

0.02

0.25

119.5

70.6

TN19-03

22.78

23.36

0.58

<0.01

0.12

22.0

11.95

TN19-04

10.59

11.78

1.19

0.04

0.40

116.0

31.1

TN19-04

11.78

13.54

1.76

<0.01

0.12

128.5

2.31

TN19-04

14.15

15.34

1.19

0.01

0.56

78.6

3.04

TN19-04

15.34

16.33

0.99

<0.01

0.05

34.8

1.06


Photo of drill core from Superior/Lucky Todd showing granodiorite hosting a quartz veinlet (white) mineralized with chalcopyrite grains (note:pink mineral is potassium feldspar).

Also, one additional sample was collected from a small historic adit exposed in Railroad Creek, thought to be the location of the Lucky Todd / Superior Minfile occurrence. The analytical results were slightly elevated in copper (1240 ppm Cu).

Results previously reported for trenching at the Superior/Lucky Todd include elevated values for gold (up to 1.96 ppm Au), copper (up to 250 ppm Cu), and molybdenum (up to 156.5 ppm Mo) over widths varying between 0.2 and 0.8 metres, and one channel sample of 10 metres that contains 0.15 ppm gold. One grab sample returned values of 3.99 ppm gold (= grams per tonne), 96.8 ppm silver, 3560 ppm (0.36%) copper and 45.1 ppm molybdenum. Also, channel sample results from the nearby Railroad copper-silver prospect include 116.0 ppm silver and 0.64% copper over a 4.2 metre width, including 264 ppm silver and 1.06% copper over 1.7 metres.

The Superior/Lucky Todd and Railroad mineralization is interpreted as porphyry-style, copper molybdenum +/- gold-silver and related peripheral veins. Additional exploration work is required to vector in on the center of the mineralized system.

An untested area of the property is the Jim Kelly Creek claims where a grab sample taken in 2018 returned a result of 11.3 grams per tonne gold. This appears to be an orogenic gold vein type mineral system.

The Company's Treasure Mountain Silver Property consists of 43 mineral claims covering 10,918 hectares that are under option from Ximen Mining Corp. The claims cover eight mineral occurrences including silver, gold, lead, zinc and copper, and numerous historic mine adits and trenches. The claims adjoin Nicola Mining Inc.'s Treasure Mountain Property (site of the historic Treasure Mountain Silver-Lead-Zinc or Huldra Silver mine). For more information, refer to the Company's 2017 Technical Report on the Treasure Mountain Silver property.

Geochemical analyses were performed by ALS Laboratories in North Vancouver, BC., which is an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50 gram subsamples. Analyses for copper and other elements was by four acid digestion with ICP-MS finish. Over-limit results for silver were re-analyzed by HF-HNO3-HClO4 digestion with HCl leach, with an ICP-AES or AAS finish. Over-limit results for copper were analysed total copper by four acid digestion and ICP or AAS finish. Field quality control samples were not included with the sample batch due to the limited number of samples.

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant from New Destiny Mining Corp, is responsible for the technical information contained in this News Release.

ON BEHALF OF THE BOARD OF DIRECTORS

"Al Beaton"

Director
604-488-3900

Forward Looking Information

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable securities law, including without limitation, the Company's information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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: New Destiny Mining Corp.



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