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DHR announces beginning of drill program.
Important for shareholders as the Ontario project doesn't seem to have much traction.
"DISCOVERY HARBOUR RESOURCES CORP.: DRILLING PROGRAM INITIATED AT THE 2BAR PROJECT - NEVADA
Discovery Harbour Resources Corp. has entered into a contract with Marcus & Marcus Drilling Company of Idaho and has initiated a drilling program at the 2BAR project in Nevada. Drilling will begin on or before October 31, 2014 after all equipment has been moved into the site. As described below, the primary mineral commodity targets, as envisioned from all field work and trenching to date, are copper and silver +/- gold, occurring in a manto-style depositional environment.
The objective of this phase of drilling is to test the projected down dip and strike extensions of the two zones (the Upper Zone and the Lower Zone) hosting the mineralization exposed at surface in outcrop and by trenching. (See DHR press release dated July 16, 2014). Road access over a distance of approximately 23 miles has been improved to allow for ingress and egress from the site. At present, DHR's budget will allow for approximately 1,000 feet of drilling during this phase of the program. Due to the relatively shallow dips, as measured at surface, this amount of footage should enable approximately four to seven holes to be drilled. We expect drilling will be completed two weeks after initiation.
All drill core will be logged on site, transported to, then processed and analyzed by ALS Global in Reno, Nevada. Assay results will be reported in detail when ALS has finalized all drill core samples. We anticipate that date to be before the end of November.
Bruno Hegner, President & CEO of the Company states: "I am confident we will succeed in intersecting the mineralized zones at depth with the majority of the drilling and anticipate that we will see grades and thicknesses maintain and possibly exceed the values and widths present at the surface. The apparent tabular nature of the mineralized zones and our ability to expand the areal extent of the zones (at depth and along strike) will serve well to assist in determining the viability of the project as well as give a more accurate view of potential sizes and grades. We are seeing evidence of supergene copper-silver +/- gold enrichment where these two zones strike under younger cover rocks. This drilling will also be testing for the presence of this enrichment. Further, I am also confident that our reconnaissance investigations of the outlying soils anomaly areas will confirm new mineralized horizons within the same host rocks, at distances up to 3 miles from the outcropping mineralization. Additionally, a soil anomaly with a porphyry style geochemical signature was discovered within our claims. It contains coincident copper-gold-molybdenum-tin geochemical responses and will also be followed up with reconnaissance mapping and rock sampling.
2BAR has the earmarks of an excellent asset for the Company. Our hypothesis for the apparent stratabound style of mineralization, our main focus at this time, with its brecciated Jurassic host rocks and structural environment, the batholithic-scale mafic intrusive complex in the subsurface (Humboldt Intrusive Complex) all support a manto-type deposit model. Economic deposits of this type reside within the Coastal Cordilleran region of the Americas."
The analysis of the samples will be performed at ALS Global using standard preparations for rock samples. All samples will be analyzed using ALS Global's aqua regia and weak acid digestion, code # ME-MS41L (51 element). All core samples will be logged onsite, halved (cut), collected, bagged, labeled and hand-delivered to ALS in Reno through a secure chain of custody process which is overseen and directed by DHR's professional staff and consultants.
Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and has reviewed and approved the technical contents of this release."
Exciting news today. The tone of the PR is more upbeat then
most management PRs.
BAR PROJECT-NEVADA-DISCOVERY HARBOUR DEVELOPS NEW TARGETS RESULTING FROM SOILS GRID SAMPLING...
Discovery Harbour Resources Corp. has received the results from the analysis of residual soil samples collected from all claims and monument corners of the new unpatented claims block on the 2BAR project in west-central Nevada. A total of 144 samples were collected over the claims area (approximately 1,024 acres or seven acres per sample). The existing patented claims that contain the surface outcrops and workings were not sampled during this program.
New targets have been identified that are not associated with the projected strikes and dips of the ore-grade mineralization that is exposed in outcrops and trenches within the property. (See DHR press release dated July 16, 2014). In addition to the known mineralization, four new copper-in-soil targets have been identified within the DHR claim group. The copper values range from 1.01ppm to 404ppm (over 10 times the background of 37.5ppm - see tabulations below). Interestingly, one of the new copper-in-soils anomalies is coincident with strong tungsten-molybdenum-gold responses. This is suggestive of a possible buried porphyry system within the claims area. This wide sample spacing (7 acres per sample) allows for the possibility of additional anomalies to present.
Contour images of these geochemical results will be posted on the Company's website as they become available. The new targets will need ground follow up for sampling and mapping of outcrops proximal to the anomalous sample site locations.
Background values were calculated as an average of all sample assays and are: -- Copper - 37.5 ppm, -- Silver - 0.11 ppm (g/t), -- Zinc - 82.3 ppm, -- Gold - 0.003 ppm (g/t) -- Molybdenum - 1.22 ppm -- Tungsten - 0.56 ppm.
Minimum values obtained for these elements are: -- Copper - 1.01 ppm, -- Silver - 0.007 ppm, -- Zinc - 14.2 ppm -- Gold - 0.0004 ppm, -- Molybdenum - 0.22 ppm, -- Tungsten - 0.052 ppm
Maximum values obtained for these elements are: -- Copper - 404 ppm - 10.8 times background, -- Silver - 1.425 ppm (g/t) - 12.95 times background, -- Zinc - 399 ppm - 4.85 times background, -- Gold - 0.03 ppm (g/t) - 10 times background -- Molybdenum - 56.8 ppm - 46.6 times background, -- Tungsten - 5.62 ppm - 9.4 times background.
Additionally, the Company is pleased to announce that the airborne magnetic gradiometer survey in Nevada began on August 10. The survey is due to be completed by August 16th.
The Company is excited to have identified new targets through its soil geochemical survey. It plans to follow these up in conjunction with the results from the airborne magnetic survey. The data produced from these preparatory surveys are integral to the planning of the drilling program. Tentatively, the drilling program is scheduled to start end-September, 2014.
Bruno Hegner, President & CEO of the Company states; "Our due diligence review of both the project area and the regional potential suggested that this portion of the Stillwater Range is underexplored and has not been exposed to systematic or modern exploration techniques. The review also suggests that the identification of additional, buried mineralization is probable. We are pleased with these new results, bolstering the diligence findings and are excited to receive the results from the airborne survey which will assist in determining the program's direction. Drilling will be designed to test the ore grade surface mineralization at depth, along strike and dip of the outcropping occurrences and a more regional mapping and sampling program will be initiated as soon as practical."
The analysis of the samples was performed at ALS Global using standard preparations for soils and rock samples. All samples were analyzed using aqua regia and weak acid digestion, code # ME-MS41L (51 element). Soil samples were collected, bagged, labeled and hand-delivered to ALS in Reno by Carlin Trend Mining Services.
Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and has reviewed and approved the technical contents of this release.
As DHR moves forward on 2BAR obviously their Ontario project must see infrastructure completion before they can develop Wabassi project
DISCOVERY HARBOUR ENTERS CONTRACT WITH AEROQUEST FOR THE SURVEYING OF THE 2BAR PROJECT AREA IN NEVADA
Discovery Harbour Resources Corp. (DHR) continues to advance its 2BAR project in Nevada with the contracting of Aeroquest Airborne, a Geotech company, for the purpose of surveying the project area.
The contracted survey is a high resolution, 3-axis magnetic gradiometer survey over an area of approximately 11 miles (17.7 kilometers) by 5 miles (8.1 kilometers). The line spacing is planned to be 200 meters with perpendicular tie lines every 250 meters to produce a reasonably tight grid cell arrangement. Aeroquest has projected the survey to begin on August 1, 2014. Barring mechanical or weather-related issues, a survey time of approximately 4 days is further projected. DHR will have access to newly developed data on a daily basis. This will expedite the interpretation and target selection processes.
Observations made during the due diligence field trip to the project area, conducted at the end of June, indicated that the high grade copper-silver mineralization sampled in outcrop and workings is hosted in two types of lithologies, fault breccias (tectonic breccias) and amygdaloidal flow tops, both occurring in the Jurassic andesitic (intermediate volcanic) units. The amygdaloidal flow units are vertically-stacked lithologies (layer cake configuration). The tectonic breccias units were noted to be developed at the intersections of high angle normal and reverse block faults where they encountered other block fault contacts, shear zones and intrusive (diorite-gabbro) contacts.
A strong contrast in magnetic susceptibilities exists among the rock units exposed in the survey area and this contrast will enable the mapping of the geology of this region using the magnetic datasets. No detailed geological or structural mapping has been undertaken for this area. Strongly magnetic mafic intrusive rocks of the Humboldt Complex are contrasted with weakly to non-magnetic Tertiary felsic volcanics. The targeted Jurassic andesitic units are moderately magnetic. Using the gradiometer system, these contrasts will become enhanced and discernible in plan view. Additionally, the gradiometer system will produce a dataset allowing deeply buried lithologies to be detected and mapped. This will also have implications for ore fluid genesis.
The structural complexity of the area was evident from the field visit. Pronounced structural lineaments associated with the block faulting, drastic changes in attitudes (strikes and dips of units, lateral offsets and tilting) of the Jurassic sequences and dynamic outcrops of vertical and sub-vertical shear zones in the volcanics all appear to be related to, and the conduits for, ascending fluids producing the mineralization. When combined with known copper occurrences and new occurrences found in the course of diligence review and staking, the structural information produced from the gradiometer dataset will also serve to more accurately locate targets for next phase, drilling, when combined with all data presently in hand. The drilling program will be announced after the survey results have been evaluated.
Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and has reviewed and approved the technical contents of this release.
Further update re newest play at 2 BAR
ISCOVERY HARBOUR COMPLETES DUE DILIGENCE OF NEVADA PROJECT AND ANNOUNCES CONFIRMATION GEOCHEMICAL SA
Discovery Harbour Resources Corp. has released the results from its due diligence review of the 2BAR property in Nevada, United States, following its entry into an exploration licence with option to purchase dated June 19, 2014, whereby DHR was granted an option to acquire a 100-per-cent interest in the property. See DHR press release dated June 20, 2014.
The Property is comprised of eleven patented mining claims comprising approximately 227.26 non-contiguous acres (91.97 hectares). Staking of 71 new unpatented claims began on June 29, 2014 and was completed on July 9, 2014. The unpatented claims total approximately 1,491 acres (603 hectares). The Property is now comprised of approximately 1,717.6 acres (695.1 hectares) that DHR holds either through option or direct ownership, none of which are subject to royalties of any type. All claims are located near Lovelock, in the Table Mountain Mining District, Churchill County, Nevada. The Property lies in the vicinity of the historic Bradshaw copper and Bolivia nickel mines.
The due diligence field trip was undertaken by DHR to assess the extent of any environmental liabilities resulting from historic mining activities on the Property, and to confirm the existence of the mineralization previously presented to DHR.
Conditions resulting from previous mining activities on the Property claims are an open, vertical shaft, three horizontal adits, an open decline, a horizontal adit located approximately 200' beneath the decline described above and a number of other discovery workings. A small dump of charcoal slag used for roasting copper ore is present next to the shaft. Geochemical samples were taken to determine whether this slag contains concentrations of contaminants or base / precious metals from the roasting process. Assay results did not indicate any ore or contaminants within the slag samples. These conditions do not suggest material environmental liability. As DHR holds the patented claims under an option agreement, title currently remains with the landowner. No liability from historic mining operations will attach to DHR unless and until DHR exercises its option and becomes owner of record title.
DHR was introduced to the Property on the basis of a submittal from Mr. Theodore DeMatties II, a Qualified Person under NI 43-101 and member of the American Association of Professional Geologists (AAPG). His previous experience in this belt, lead to his exposure of the potential for base-precious mineralization within the group of patented claims comprising the Property, as well as the regional potential contained in the volcanics occurring in this belt. His proposal included previously-conducted, systematic sampling (channel sampling) of the trenches and some of the workings on the Property.
The main claim group contains old workings from the early 1900s and more recent trenches in the outcropping mineralized zones. Previous sampling by DeMatties, encountered high grade copper and silver mineralization at surface residing in a minimum of two separate zones separated by approximately 120 vertical feet of section. See www.sedar.com under Boxxer Gold Corp, News releases dated September 20, 2007October 23, 2007 and February 19, 2007. DHR collected 12 grab samples from the workings and trenches and submitted them to ALS Chemex in Reno, Nevada for gold; 30 gram fire assay ICP-AES finish; and, 41 element ICPMS. ALS Chemex and DHR have an arm's length relationship.
During the unpatented claim staking process, soil samples were collected from all corners of each new claim and also from the center points of the long dimensions of each claim line totaling approximately 166 total samples. These samples will be assayed and anomalous areas will be followed up. This exercise was designed to detect shallowly buried copper mineralization within the main claims area. All soils samples were collected by employees of Carlin Trend Mining Services of Elko, Nevada. All samples were in the continuous possession of Carlin Trend personnel and were hand-delivered to ALS Global in Reno, Nevada. Soils are being processed and analyzed using a 41element aqua regia and weak acid digestion for soils; code ME-MS41L.
Existing records indicate that this area has not been drill tested.DHR will announce plans for a drill campaign after the completion of appropriate preparatory work and analysis of previous and current data. Due to the location of these drill sites within the patented claims, the lengthy Bureau of Land Management ("BLM") application for exploration licenses is not necessary. DHR has filed the pertinent notices with the BLM field office so that drilling may commence upon identification of suitable targets.
Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and has reviewed and approved the technical contents of this release.
A new project for Discovery Harbour. Hope they have a source of funding without too much dilution.
"DISCOVERY HARBOUR GRANTED OPTION TO PURCHASE 100% OWNERSHIP OF NEVADA PROJECT
Discovery Harbour Resources Corp. has entered into an exploration licence with option to purchase, dated June 19, 2014, with Blind Mice Mining Company Inc., whereby the optionor granted the company an option to acquire 100-per-cent ownership of the 2BAR project located in the Table Mountain mining district, Churchill county, Nevada. The 2BAR project is comprised of eleven patented mining claims comprising approximately 227.26 non-contiguous acres (91.97 hectares). General terms of the Agreement are:
Three year option period with annual option payment schedule of: (all amounts in US$)
Upon Execution (within two days of signing) $50,000
First Anniversary $50,000
Second Anniversary $50,000
Third Anniversary-Purchase $2,100,000
Total Purchase Price $2,250,000
DHR may exercise its Option to purchase 100% ownership of the Property at any time by paying the $2,250,000 purchase price, less any option payments made previous to its decision to exercise the Option;
Upon exercise of the Option by payment of the total purchase price of $2,250,000, DHR will own 100% of the Property and all attendant mining rights to the claims. There are no royalties due to the landowner;
DHR is granted exclusive rights to explore the property for three (3) years from the date of entry into the Agreement; and
DHR may terminate the Agreement at any time.
DHR is aware of five vertical shafts of unknown depths and eight adits and drifts of unknown lengths, all within the patented claim blocks comprising the property. Previous sampling encountered high grade copper and silver mineralization at surface. DHR's Qualified Person has been unable to verify the above information and it is not necessarily indicative of mineralization on the property. A due diligence trip to the properties is presently being arranged. This trip will serve to determine if any environmental liabilities exist on the optioned claims, allow access to the outcropping mineralization on all claims for geochemical sampling and assay confirmation of previous work, determine priority drilling sites, determine what access road repairs are needed for the ingress-egress of the drilling rigs and initiate the stream sediment sampling program.Previous exploration on the main 2BAR property suggests that the mineralization resides in a minimum of two separate zones and are separated by approximately 120 vertical feet of section. Host lithologies to the mineralization at 2BAR are Jurassic volcanics, basalts and andesites. Copper mineralization is dominated by copper oxides and carbonates, azurite, malachite and cuprite with lesser amounts of copper sulfides, chalcocite, chalcopyrite. DHR's plans for testing 2BAR this summer include approximately 2,000 feet of core drilling, mapping of outcrop and sampling of outcrop, soils over the claims area and stream sediments.The Company intends to submit all samples (rock, core, soils and reconnaissance stream sediments) from the summer exploration program to ALS Chemex in Reno, Nevada for preparation and geochemical analysis.
Bruno Hegner, President and CEO of Discovery Harbour comments, "We are very pleased to have been granted this option and are eager to commence exploration on this project. From the results derived from previous programs on the property, to-date, we see the potential for grade and size at 2BAR." "The acquisition of the 2Bar project does not mean that we will ignore our Wabassi VMS project in Ontario. Our efforts this summer will focus on improving the development profile of the Wabassi District through continued interaction with Provincial and First Nations leaders on access and infrastructure issues."A finder's fee of $10,000 is payable to DeMatties LLC, a private company in the United States, in connection with the granting of the Option.
Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 has reviewed and approved the technical contents of this release. All dollar amounts referred to in this news release are in United States dollars."
Mr. Bruno Hegner reports
DISCOVERY HARBOUR GRANTED OPTION TO ACQUIRE ADDITIONAL 49% INTEREST IN WABASSI JOINT VENTURE, NORTHWEST ONTARIO
Northern Shield Resources Inc. has sold its 49-per-cent interest in Discovery Harbour Resources Corp.'s Wabassi joint venture and its 59-per-cent interest in the joint venture for the neighbouring Max property to Great Lakes Resources LLC, a private U.S. based company, and has granted Great Lakes a first right of refusal to acquire its 100-per-cent interest in the Storm property. As a result of this acquisition by Great Lakes, the interests in the Wabassi JV are held by the company (51 per cent) and Great Lakes (49 per cent) and the interests in the Max JV are held by Great Lakes (59 per cent) and by Rainy Mountain Royalty Corp. (41 per cent).
On completion of this purchase by Great Lakes, the company was granted an option by Great Lakes to acquire a 49-per-cent interest in the Wabassi JV, a 59-per-cent interest in the Max JV and the Storm rights. The option may be exercised by the company paying $2,605,684 plus 8-per-cent accumulated interest thereon, compounded monthly, by June 18, 2015. If the option is exercised by the company, the company will acquire a 49-per-cent interest in the Wabassi JV which would make the company the 100-per-cent owner of the Wabassi property, a 59-per-cent interest in the Max JV and the Storm rights, all subject to the NRN Wabassi royalty (as defined below) and the NRN Max royalty (as defined below).
As part of purchase transaction between Great Lakes and Northern Shield, Great Lakes granted Northern Shield a 0.5-per-cent net smelter returns royalty from the Wabassi property (the NRN Wabassi royalty) and a 0.6-per-cent net smelter returns royalty from the Max property (the NRN Max royalty). Half of each of the NRN Wabassi royalty and NRN Max royalty may be purchased by the royalty payor paying $750,000 to Northern Shield at any time on or before June 18, 2019, or by paying $1.5-million thereafter in respect of each royalty.
In addition, the company, Great Lakes and Northern Shield have agreed with respect to each of the Wabassi JV and the Max JV, that if Great Lakes' participating interest in each of these joint ventures is diluted below 10 per cent before the option is exercised by the company, then: (i) the NRN Wabassi royalty and NRN Max royalty will be terminated, and (ii) the 2.0-per-cent net smelter returns royalty that would otherwise be payable to Great Lakes under the terms of the joint venture agreements for such properties, shall be replaced with: (a) a 1.5-per-cent net smelter returns royalty payable to Great Lakes, which the company shall have the pre-emptive right to reduce from 1.5 per cent to 0.75 per cent by paying Great Lakes $700,000, and (b) a 0.5-per-cent net smelter returns royalty payable to Northern Shield, which the company shall have the pre-emptive right to reduce from 0.5 per cent to 0.25 per cent by paying Northern Shield $300,000. Also, in connection with these transactions, the company has granted Northern Shield a limited non-exclusive licence to use and access the Wabassi camp in consideration for certain rental fees and consumable fees. It is expected that the company will continue as operator of the Wabassi JV.
"Completion of this transaction marks the first step toward the company's strategic goal of consolidating the Wabassi district under a single entity. It is important to remember that Wabassi is not a single project, but a previously undiscovered district. We will now turn our attention to integrating our efforts with those of the province of Ontario, first nations and private companies to develop access and infrastructure to support development of the Ring of Fire mineral province. The Wabassi joint venture holds over 12 kilometres of right-of-way along southern portion of one of the proposed access routes. Improved access is key to lowering our exploration costs and improving the overall development profile of the Wabassi district.," stated Bruno Hegner, president and chief executive officer of the company.
Great Lakes is a private U.S. company controlled by Richard B. Gilliam, a director and significant shareholder of the company. The company's exercise of the option remains subject to approval of the TSX Venture Exchange and, if required, approval of the shareholders of the company.
Change in the head of DHR- hope they continue to move forward!!
"Discovery Harbour Resources Corp (C:DHR)
Shares Issued 45,293,513
Last Close 2/4/2014 $0.045
Thursday February 06 2014 - News Release
Mr. Patricio Varas reports
DISCOVERY HARBOUR APPOINTS FRANK ("BRUNO") HEGNER AS PRESIDENT AND CEO
Discovery Harbour Resources Corp. has appointed Frank D. (Bruno) Hegner as president and chief executive officer of the company. Mr. Hegner will replace Ian Graham who was President and CEO of Discovery Harbour since its founding as a private company in March, 2009, and continued as President and CEO following its transition to the public markets through a Reverse Takeover transaction with Cayman Ventures Corp. by way of Plan of Arrangement on April 2nd, 2013.
Mr. Hegner has been an Independent Board Member of Discovery Harbour since October 2011, and continued on the public company board following the Company's RTO in April, 2013. He has over 25 years of experience in the mining industry and has held a variety of staff and operational positions with Cyprus Minerals Company, Magma Copper Company and Rio Tinto plc. He retired from Rio Tinto as Managing Director of the Copper Projects Group where he was responsible for development of the Resolution and La Granja copper projects. Mr. Hegner holds a Bachelor of Arts Degree in Russian History from Fort Lewis College in Durango, Colorado and a Juris Doctor Degree from the University of Denver College of Law. He has also pursued post-graduate studies at Duke University, the London School of Business and the Colorado School of Mines.
"Bruno is a wonderful choice of President for Discovery", states Ian Graham, outgoing President and CEO. "His international experience among large and mid-size production companies in both their operating and exploration units has given Bruno a comprehensive knowledge of the discovery pipeline process, from evaluation through to production. Bruno and I met at Rio Tinto whilst Bruno oversaw the exploration business' farm-in, JV and investment relationships with junior exploration companies, a role he created and defined, and which lead to great value creation for that company. I am thrilled that Bruno has agreed to replace me at Discovery Harbour, and I leave Discovery confident that it will prosper under his leadership."
The Board wishes to welcome Bruno to the role of President and CEO, and looks forward to working with him to advance the Company and its projects. The Board also would like to thank Mr. Graham for his efforts to establish the company and succeed with listing the company in difficult public markets. All at Discovery Harbour wish him success in his future endeavours."
ASSAY REPORTS FROM FIRST MAJOR DRILLING AT WABASSI
Today's report should be read carefully
WHILE HINTS OF SIGNIFICANT ORE WERE OBTAINING NO PROMISING ELEPHANT FINDINGS, BUT REMEMBER THIS IS INITIAL DRILLING. WILL HELP IN THE SELECTION OF FURTHER TARGETS. "NEEDLE IN HAY STACK ANALOGY" IN STARTING ON VIRGIN AREA.
MY GUESS IS A FURTHER PP WILL BE NEEDED BEFORE SPRING DRILLING WILL BE STARTED
Read more at http://www.stockhouse.com/companies/bullboard/v.dhr/discovery-harbour-resources-corp#YQyK3U28WQsDk7QL.99
UPDATE Wait for the assays.
Mr. Ian Graham of Discovery reports
DISCOVERY HARBOUR REPORTS THE COMPLETION OF THE FALL, 2013 DRILLING PROGRAM AT THE WABASSI BASE-PRECIOUS METAL PROJECT, NORTHWEST ONTARIO
The fall exploration program, which was initiated on Oct. 4, 2013, at the Wabassi project (owned by Discovery Harbour Resources Corp., and its partners, Northern Shield Resources Inc. and Great Lakes Resources LLC, a private company) in Northwestern Ontario has ended as of Dec. 5, 2013.
This program had a planned budget of $1.5-million, which was financed by Discovery Harbour and Great Lakes, and was designed to complete detailed geophysical surveys and approximately 2,800 metres of drilling (see Discovery news releases dated Oct. 11, 2013, and Nov. 14, 2013).
Ground and borehole electromagnetic surveys were completed on five separate grids, and drilling of both surface-derived and borehole EM targets was completed on three targets within the Wabassi project for a total of seven holes, comprising an actual total of 2,881 metres of drilling for an approximate total expenditure of $1.65-million. The targets that were tested are anomaly Q (two holes totalling 541 metres), anomaly C (one hole totalling 239 metres) and anomaly E (four holes totalling 2,101 metres).
Samples are being assay tested at ALS Minerals laboratory located Timmins, Ont., 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.
TSX approves this important move by DHR
Of course will only work if DHR can meet the cash call.
"The TSX Venture Exchange has accepted for filing a reoption agreement between Discovery Harbour Resources Corp. and Great Lakes Resources LLC. Under the reoption agreement, Great Lakes has granted to Discovery the option to acquire a 24-per-cent interest in the Wabassi joint venture, which has been granted to Great Lakes by Northern Shield Resources Inc. under an option agreement between Great Lakes and Northern Shield dated Nov. 11, 2013. The reoption to acquire the interest is exercisable until Feb. 28, 2014, by Discovery paying to Great Lakes the total amount Great Lakes has paid Northern Shield under the option agreement up to the date on which the reoption is exercised.
Under the option agreement, Northern Shield granted Great Lakes an option to acquire the interest by paying $400,000 to Northern Shield on signing of the option agreement, incurring $1.5-million in exploration expenditures by Dec. 31, 2014, and paying a further $600,000 to Northern Shield on exercise of the option. Upon Great Lakes exercising the option, the Wabassi joint venture will be jointly held by Discovery (51 per cent), Northern Shield (25 per cent) and Great Lakes (24 per cent). If the reoption is exercised, the Wabassi joint venture will be jointly held by Discovery (75 per cent) and Northern Shield (25 per cent).
Insider/pro group participation:Great Lakes is a private company controlled by Richard Gilliam, a director and significant shareholder of Discovery."
Lonely here Latest news could use some explanation But looks good for DHR
"DISCOVERY HARBOUR GRANTED OPTION TO ACQUIRE ADDITIONAL 24% INTEREST IN WABASSI JOINT VENTURE, NORTHWEST ONTARIO AND A 2,800 METER DRILL PROGRAM CONTINUES AT WABASSI
Discovery Harbour Resources Corp.'s joint venture partner, Northern Shield Resources Inc., has entered into an option agreement with Great Lakes Resources LLC, a private company based in the United States, whereby Northern Shield granted Great Lakes an option to acquire a 24-per-cent interest in the Wabassi joint venture by paying $400,000 to Northern Shield on signing of the option agreement, incurring $1.5-million in exploration expenditures by Dec. 31, 2014, and paying a further $600,000 to Northern Shield on exercise of the option. Upon Great Lakes exercising the Option, the Wabassi Joint Venture will be jointly held by the Company (51%), Northern Shield (25%) and Great Lakes (24%), and it is expected that Northern Shield will continue as contracted provider of logistics and staff to the Wabassi joint venture (the "JV").
Concurrent with entry into the Option Agreement, Great Lakes entered into an option agreement (the "Re-Option Agreement") with the Company whereby Great Lakes granted the Company an option to acquire the Interest (the "Re-Option"). The Re-Option is exercisable until February 28, 2014 by the Company paying Great Lakes the aggregate amount Great Lakes has paid Northern Shield under the Option Agreement up to the date on which the Re-Option is exercised.
The Company, Great Lakes and Northern Shield also entered into a tri-partite agreement which sets out the terms and conditions on which the parties will operate the Wabassi Joint Venture. If the Re-Option is exercised such that the Company holds a 75% interest in the Wabassi Joint Venture and Northern Shield holds a 25% interest, the parties will revert to the terms of the option and joint venture agreement between the Company and Northern Shield dated as of March 16, 2010.
A 10 to 11 hole drill program totaling 2,800 meters is underway at Wabassi; up to four of these holes will test the extension of the copper-zinc-silver mineralization at Anomaly E while the remaining holes will test regional targets with similar geophysical signatures to Anomalies E and A2, the two volcanogenic massive sulfide discoveries from 2011 and 2010, respectively. In particular the program has completed ground geophysical surveys at Anomaly Q that define and support the initial drill tests of that very compelling target. Anomaly Q is located in the area previously affected by a claims dispute (see the Company's News Release dated August 23, 2013. A favorable decision for the Company, from the Ministry of Northern Development and Mines following a claims dispute hearing in Sudbury was announced in that release).
"The Option Agreement ensures that Discovery and Northern can execute on a robust fall/winter ground geophysical and drilling program, whilst the Re-Option Agreement provides an avenue for Discovery to increase its participating interest at Wabassi in the event of compelling results and successful financing: the Re-Option is a very generous opportunity provided to the Company by Great Lakes," stated Ian Graham, President and CEO of the Company.
The exploration program at Wabassi is being overseen by Christine Vaillancourt, a Qualified Person under National Instrument 43-101.
Samples are being analyzed by ALS Global in Vancouver, BC, for Au by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES.
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.
Great Lakes is a private US company controlled by Richard B. Gilliam, a director and significant shareholder of the Company. The Company's exercise of the Re-Option remains subject to approval of the TSX Venture Exchange.
Very significant PR- will go a long way towards knowing whether we have substantial positive indications!!
DISCOVERY HARBOUR ANNOUNCES MOBILIZATION FOR A FALL 2013 DRILLING PROGRAM AT THE WABASSI BASE-PRECIOUS METAL PROJECT, NORTHWEST ONTARIO
Discovery Harbour Resources Corp. and its joint venture partner Northern Shield Resources Inc. have mobilized line cutting, geophysical and drilling crews to their Mink Lake camp for initiation of a fall exploration program at the Wabassi project, Northwestern Ontario.
The program that is under way has a budget of $1.5-million and is projected to complete detailed geophysical surveys and approximately 2,800 metres 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 include completing detailed ground geophysics and testing 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, Ont., on Aug. 19, 2013, and the dispute was subsequently dismissed by the Ministry of Northern Development and Mines for Ontario on Aug. 21, 2013. The claims under dispute have been assigned to Discovery and Northern Shield. See Discovery's press release dated Aug. 23, 2013, which is available on SEDAR 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 and 34, located 15 kilometres 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 metres (east-west) and is presently interpreted to be caused by a thick (greater-than-50-metre), inclined geophysical conductive plate dipping to the south-southeast. Modelled depths to the top of the conductive plates average 48 metres.
The program will also attempt to extend the known mineralization at the anomaly E VMS discovery (2011) laterally (along strike) and vertically (to a depth of minus 500 metres) by drill testing. The drilling also aims to determine whether base precious metal mineralization explains as-yet-untested conductive bodies detected during the company's 2013 downhole 3-D electromagnetic and its 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 metres 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 minus 825 metres, 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, PGeo, dated Nov. 16, 2012, and more recent press releases, including those dated April 14, 2011, June 6, 2011, Aug. 22, 2012, May 15, 2013, May 29, 2013, and Aug. 22, 2013, all of which are available on SEDAR.
The program also aims to explain the strong airborne conductor at anomaly N1 and anomaly 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.
The program's objectives also include explaining 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.
The program will attempt to explain the ground PEM targets generated from the surveying of anomaly C. This anomaly comprises three 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 metres 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.
This PR shows a significant controlling share purchase! Can't think of a more positive action!! Mr Gilliam is showing great believe in the future of DHR
Shares Issued 33,076,513
Last Close 9/11/2013 $0.07
Thursday September 12 2013 - News Release
Mr. Richard Gilliam reports
EARLY WARNING REPORT ISSUED PURSUANT TO NI 62-103 ACQUISITION OF SHARES OF
DISCOVERY HARBOUR RESOURCES CORP.
On Sept. 10, 2013, Richard Gilliam acquired direct ownership of 10 million
units of Discovery Harbour Resources Corp. pursuant to a subscription
agreement dated Sept. 10, 2013, at a price of 10 cents per unit and indirect
ownership of one million units of the issuer pursuant to a subscription
agreement dated Sept. 10, 2013, between Westwood Tall Oaks LLC. Each Unit was
comprised of one common share (each, a "Share") of the Issuer and one common
share purchase warrant (each, a "Warrant"), with each Warrant being
exercisable into one Share at an exercise price of $0.20 until September 10,
2015. The expiry date of the Warrants may be accelerated in the event the
volume weighted average trading price of the Issuer's shares is greater than
$0.30 for 20 consecutive trading days, in which case the Issuer may provide
notice to the warrant holders to exercise their Warrants within 30 days.
Westwood is a trust over which the Offeror has control and direction. As
such, the Offeror is the beneficial owner of all the Shares and Warrants
owned by Westwood. The Shares acquired pursuant to the Purchase represent
24.3% of the issued and outstanding Shares on an undiluted basis, prior to
the exercise of any Warrants. Assuming the exercise of the Warrants, the
Shares acquired pursuant to the Purchase would represent 39.1% of the issued
and outstanding Shares on a diluted basis. Immediately following the
Purchase, the Offeror has ownership, control and direction over 18,390,915
Shares representing 40.6% of the issued and outstanding Shares on an
undiluted basis. The Offeror also has ownership, control and direction over
11,396,000 Warrants. Assuming the exercise of the Warrants, the Offeror would
hold 29,786,915 Shares which would represent approximately 52.5% of the
issued and outstanding Shares on a diluted basis. The Offeror acquired the
Shares for investment purposes and as a principal of the Issuer may continue
to acquire securities of the Issuer from time to time in accordance with
applicable securities laws.
FINALLY PP CLOSED- HOPEFULLY SHARE PRICE NOW FREE TO MOVE HIGHER if warranted!!
DISCOVERY CLOSES $1,221,700 PRIVATE PLACEMENT
Discovery Harbour Resources Corp. has completed a non-brokered private placement of 12,217,000 units of the company at 10 cents per unit for gross proceeds of $1,221,700. Each unit comprises one common share of the company and one common share purchase warrant, with each warrant being exercisable into one share at an exercise price of 20 cents until Sept. 10, 2015. The expiry date of the warrants may be accelerated in the event the volume-weighted average trading price of the company's shares is greater than 30 cents for 20 consecutive trading days, in which case the company may provide notice to the warrantholders to exercise their warrants within 30 days. Richard B. Gilliam, a director and significant shareholder of the company, acquired 10 million units directly and one million units indirectly through Westwood Tall Oaks LLC, a trust over which Mr. Gilliam has control and direction. On closing of the financing, Mr. Gilliam held a total of 18,390,915 shares, representing approximately 40.6 per cent of the outstanding shares on an undiluted basis.
In connection with the closing of the financing, the company paid aggregate finders' fees of $7,302.
All of the securities issued in connection with this private placement will be subject to a hold period expiring Jan. 11, 2014. Proceeds from the private placement are expected to be used to finance exploration and development of the company's Wabassi project and for general working capital purposes.
Another positive result for DHR- if anyone cares
DISCOVERY HARBOUR WINS DECISION IN CLAIMS DISPUTE AT WABASSI PROJECT, NW ONTARIO
Discovery Harbour Resources Corp. and its partner, Northern Shield Resources Inc., are pleased to announce the favourable decision from the Ministry of Northern Development and Mines following a claims dispute hearing in Sudbury, Ont., on Monday, August 19, 2013.
On August 11th, 2011, a claims dispute against Northern Shield was filed by the China Metallurgical Exploration Corp and Keystone Associates (disputants) of Markham, Ontario. Specifically, the claims involved were #P4248322 through P4248326, Gittins Lake Area and #P4263974 through P4263980, Nottik Island Area, Porcupine Sault Ste Marie Mining Division, comprising 12 claims totaling 192 claim units of approximately 3,072 hectares. The disputants alleged, on the basis of recommendation from their field and staking advisors, that Northern Shield's staking did not comply with provincial standards and substantial compliance was not met, and that the Discovery and Northern Shield completed staking after the dates indicated in the Application to Record.
As a result of the specific and substantial evidence presented to the Ministry by Northern Shield and Discovery Harbour, and the defense that was presented on behalf of the Company and Northern Shield by Ian Bliss (President and CEO, Northern Shield) during the hearing, we have received the Ministry's decision to dismiss the dispute, to revoke the 'pending proceedings' status that was assigned to the above-listed claims and to refuse the 'applications to record' certain subsequently staked claims, as filed by the disputant. The Ministry has also extended the time for performing and reporting assessment work on the mining claim by 726 days.
The disputant has a period of thirty days from August 21, 2013 in which to file a request for an appeal to the Mining and Lands Commissioner in Toronto.
Discovery Harbour and Northern Shield continue to plan for another phase of exploration to focus on the results from the down hole 3D EM survey results at Anomaly "E" and to drill test an as yet undetermined number of the regional VTEM targets developed from the 2010 and 2011 airborne surveys at Wabassi.
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 the contents of this release.
This news just in as well- ANYONE OUT THERE READING THIS FORUM
Discovery Harbour Reports Wabassi Summer Drill Program Intercepts and Results of Down Hole Electromagnetic 3D Surveys at the Anomaly ‘E’ VMS Discovery
Vancouver, British Columbia – August 21st, 2013 – Discovery Harbour Resources Corp. (TSXV:DHR) (“Discovery” or the “Company”) and its partner, Northern Shield Resources Inc. (TSXV:NRN) (“Northern Shield”) are pleased to announce the results of the summer drilling program at Anomaly ‘E’ within the Wabassi Project, located in northwestern Ontario. Down hole (hole to hole) electromagnetic surveys, to supplement the in-hole gravity survey results from June this year, were also completed in July.
As announced in our June 25, 2013 press release, 9 holes were completed during this Spring-Summer program for a total of 2,889 meters. Six of these holes were designed to test the responses received from the in-hole gravity survey at Anomaly ‘E’, as reported in that press release. Our drilling revealed that only a portion of the subsurface gravity anomalies modeled may be attributed to mineralization. The geological environment at Anomaly ‘E’ is complicated by the density contrasts caused by younger ultramafics intruding the bimodal volcanic sequences that host the VMS mineralization. Two holes, 13WA-39 and 13WA-42 intersected sulfide mineralization associated with the gravity anomalies as modeled by Abitibi geophysics. Assays results from these intercepts are reported in Table 1.
All samples were sent to ALS Minerals laboratory in Timmins, Ontario for preparation. Samples are submitted using the standard ALS Sample Submittal Form with sample chain of custody following standard ALS Group procedures. ALS Minerals is a division of the ALS Group and each of ALS Minerals laboratories in North America are registered to ISO 9001:2008 for the “provision of assay and geochemical analytical services” by QMI Quality Registrars.
The ALS Group companies are independent of, and unrelated to each and any of Discovery Harbour Resources and Northern Shield Resources.
All analyses were completed using industry standard methods. Analysis completed utilized ALS Minerals process codes PGM-MS23 for platinum, palladium and gold, ME-MS81 for a 38 element trace element package and ME-ICP61 for a 33 element trace element package. Sample Preparation Package PREP-31 is a standard sample preparation for analysis that involves the following steps: Dry, Crush, Split and Pulverize.
All certificates of analysis for samples processed for assay and for whole-rock lithogeochemistry are filed at the Northern Shield offices, and duplicate copies can be obtained from ALS Minerals laboratories. All steps of the sample selection and transportation to the laboratory were supervised and monitored by Northern Shield personnel.
Table 1
Hole # from to length (m)* Cu (%) Zn (%) Ag (ppm) Au (ppm)
13WA-39 76.65 93.6 16.95 0.52 1.99 16.49 0.05
including 78.5 81.9 3.4 0.91 3.87 25.08 0.06
including 85.5 86.9 1.4 0.83 1.97 25.92 0.12
including 90 90.25 0.25 0.07 8.02 2.64 0.04
including 90.25 90.65 0.4 0.11 33.9 7 0.17
13WA-42 172 181.77 9.77 0.66 0.08 18.47 0.05
including 177 180.7 3.7 1.30 0.12 32.88 0.09
13WA-42 193 198.8 5.8 0.54 0.24 16.14 0.07
including 194.62 195.6 0.98 1.69 1.12 50.5 0.26
*Note: The length of the intercepts reported are as drilled and are therefore approximate. Additional drilling at Anomaly “E” is required to establish actual true thicknesses of the mineralized horizons.
These results have led to the contracting of hole to hole electromagnetic (3D-EM) surveys for nine holes at Anomaly ‘E’. Initial results from this work illustrate that the numerous conductive targets (3D-EM anomalies), likely representative of sulfide mineralization, as supported by multiple intercepts in the previous drilling from 2011 to present, are generally not associated with the high density 3D gravity anomalies. An image illustrating these results is available for viewing at http://www.discoveryharbour.com/media/Gravity-EM-image-txt.JPG.
Discovery and Northern Shield are planning a next phase of drilling for this year to test the new 3D-EM targets as well as to test the open plates (deep penetrating PEM) at depths of greater than 450 meters at Anomaly ‘E’. The PEM survey had a maximum depth penetration capability of -825 meters. The PEM conductive sources are shown to be present at that depth. This drill program will also test an undetermined number of regional targets from the 2011 VTEM surveys.
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 the contents of this release.
For further information, contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
“Ian Graham”
Ian Graham
President, CEO, Corporate Secretary and Director
Guess this dilution is necessary although disappointing
Discovery Harbour arranges $1.2-million placement
Discovery Harbour Resources Corp (C:DHR)
Shares Issued 33,076,513
Last Close 8/19/2013 $0.065
Thursday August 22 2013 - News Release
Mr. Ian Graham reports
DISCOVERY HARBOUR ANNOUNCES PRIVATE PLACEMENT
Discovery Harbour Resources Corp. has set up a non-brokered private placement to raise gross proceeds of up to $1.2-million through the issuance of up to 12 million units at 10 cents per unit. Each unit comprises one common share and one non-transferable common share purchase warrant. Each warrant is exercisable into one warrant share at an exercise price of 20 cents for two years from the closing of the private placement. In the event the volume-weighted average trading price of the company's shares is above 30 cents for 20 consecutive trading days, the company may provide notice to the warrant holders to exercise their warrants within 30 days or the warrants will expire.
An insider of Discovery will subscribe for most of the units pursuant to the private placement, and such subscription by the insider will result in that shareholder holding the largest single-share position in the company.
All of the securities issued in connection with this private placement will be subject to a hold period expiring four months and one day after the closing of the private placement.
Proceeds from the private placement are expected to be used to finance exploration and development of Discovery's Wabassi project and for general working capital purposes. The private placement is subject to approval of the TSX Venture Exchange.
Notice that drilling has started from management today May 29
The only real proof of the value of the Wabassi Project will be the assays we get from cores of new drilling!!
DISCOVERY HARBOUR REPORTS RESUMPTION OF DRILLING AT WABASSI VMS PROJECT
Discovery Harbour Resources Corp. has resumed drilling at the Wabassi volcanogenic massive sulphide project located in Northwestern Ontario. The program is anticipated to include at least 1,700 metres of drilling to occur principally at anomaly E with the intention of further testing for conductive mineralization inferred from surface electromagnetic surveys and to test targets inferred from the downhole gravity survey reported to the project partners (Discovery (51 per cent) and Northern Shield Resources Inc. (49 per cent)) by Abitibi Geophysics in May, 2013.
The Wabassi property features a land position covering 38,720 hectares. This district-size landholding, with multiple volcanogenic massive sulphide discoveries, two significant gold drill intercepts, and indications of copper, zinc and silver, is the most recent VMS district to be discovered in Canada. The proposed road access to the Black Thor chromite deposits in the Ring of Fire owned by Cliffs Natural Resources passes through the Wabassi property.
R
[bDiscovery Harbour Announces 4.90 Ounces per Ton Gold Over 2.3 Uncut Meters Containing 73.8 Ounces per Ton Gold Over 0.15 Meters at Wabassi and Positive Results from Down Hole Gravity Survey at the Anomaly “E” VMS Discovery. Drilling to Resume.
Vancouver, British Columbia – May 15, 2013 – Discovery Harbour Resources Corp. (TSXV:DHR) (“Discovery” or the “Company”) is pleased to announce gold assay results from its spring, 2013 drilling program and its bore hole gravity survey at the Wabassi VMS Project, located in Northwestern Ontario.
In the process of drill testing Anomaly “N”, a high priority VTEM conductor interpreted to define a massive sulfide target, an alteration zone with visible gold was intercepted at 98.8 meters and gold mineralization continued to 101.1 meters. The auriferous zone appears to be related to an intermediate intrusive dike or sill and occurs at the contact of this intrusive and the altered mafic volcanic rocks. The table below indicates the contiguous sample intervals, sample weights, lengths and assay values though this zone. Weighted averages have been calculated using the formulae in table 1.
Photographs showing the visible gold in the host rocks are available at http://www.discoveryharbour.com/projects/milestone/progress/.
The core drilled is B-sized, thin wall and measures 42 millimeters / 1.65 inches in diameter.
Table 1:
Wabassi Project - DDH 13WA-33 (Azimuth 305o, UTM-NAD83, Zn 16, 528,603mE, 5,722,736mN)
Sample # Hole ID From
(m) To
(m) Length (m) Recv'd Wt
(Kg) Au
(ppm) Au (ppm) high-grade Analysis Au (oz/ton)
122868 13WA-33 98.8 98.95 0.15 0.28 >10 2530 73.8
122869 13WA-33 98.95 100 1.05 1.78 0.067 0.00
122870 13WA-33 100 101.1 1.1 2.05 5.86 0.17
Totals 2.3 4.11
32.151g = 1 Troy Ounce 1 Short Ton = 0.90719 Metric Tonnes
Composite Sample Interval Grade Calculations
Weighting by Hole ID From
(m) To
(m) Length (m) Recv'd Wt
(Kg) Weighted Au
(ppm) Weighted Au (oz/ton)
Sample Weight 13WA-33 98.8 101.1 2.3 4.11 175.3 5.11
Sample Length 13WA-33 98.8 101.1 2.3 4.11 167.8 4.90 Au values shown in ppm are equivalent to grams per metric tonne: e.g. 167.8ppm = 167.8g/tonne
Sample weight weighted average = sum of each sample wt * assay grade / total weight of composite sample
Sample length weighted average = sum of each sample length * assay grade / total length of composite sample
This discovery is the second gold system discovery that has been made within the Wabassi claims group. As reported in a press release dated August 22, 2012 (refer www.discoveryharbour.com, and as reported by Northern Shield Resources (TSXV:NRN) in a press release dated August 22, 2012 and available on SEDAR at www.sedar.com), drilling at the A1 VMS Zone also intersected anomalous gold mineralization over 3.07 meters in a shear system. The table below shows the intervals and assay values from this discovery as reported in August, 2012. All analyses were performed by ALS Minerals in North Vancouver. ALS Minerals has an arms’s length relationship with Discovery and Northern Shield. Trace level gold was analyzed using the ALS Au-ICP-21 analytical method, a 30 gram fire assay with ICP-AES finish and the high grade gold assay used the ALSm Au-Gra-21 method, a 30 gram fire assay with Gravimetric finish. Samples are subject to a project QA/QC process (described more fully in the NI43-101 report previously filed by company on SEDAR): for the high grade intercept reported here, a single check assay was requested of ALS Minerals, North Vancouver for its Au-Gra-21 analytical procedure on recovered material from sample 122868: this check assay returned a result of 2,490 ppm, a satisfactory repeat of 2,530 ppm initially determined).
A1 Zone VTEM Drilling – August, 2012
Drill Hole From To Interval (m)* Au (g/t)
12WA-30 135.52 136.55 1.03 16.3
and 136.55 137.55 1 1.04
and 137.55 138.59 1.04 0.173
Globally, gold mineralization is present in a majority of VMS districts. Discovery Harbour is very pleased that these gold occurrences have been identified with very little drilling, a total of 36 exploration holes since 2008. Essentially, no outcrop occurs within the claims group.
Drilling is planned to resume immediately after the spring breakup period, tentatively prior to the end of May, 2013. We will be testing other VMS targets and are planning on additional drilling at this new gold location.
Drilling will also be testing results from a Gravilog (Abitibi Geophysics) survey that was conducted in March, 2013. The down-hole gravimeter surveyed four of the eight holes that have been drilled into the VMS mineralization at Anomaly E. From each reading station in the hole, the instrument is capable of detecting a significant accumulation of higher density rock formation well in excess of 100m from the sensor location. The data from multiple holes allow for the plotting of density contrasts in three dimensions in the subsurface where the density anomalies, in this case, are interpreted to represent semi-massive and massive sulfide mineralization.
The results from Abitibi show dense masses in the subsurface that are coincident with and ‘off hole’ from drill intercepts where strong zinc-copper-silver mineralization is present (refer http://www.discoveryharbour.com/projects/milestone/overview/ for images of the inversion-modeled mineralization). Discovery and Northern Shield are planning for the upcoming drill program to include the testing of these newly developed targets at Anomaly E, including tests to determine whether the modeled shallow mineralization is present as well as the mineralization inferred at depth (-400 meter to -500 meter level). Presently, our deepest intercept is -324 meters in hole 11WA-20.
Discovery and Northern Shield are pleased with the results of the Abitibi modeling of the mineralized zones at Anomaly E and the newly discovered high grade gold intercept at Anomaly N. “We continue to demonstrate high potential for extensive VMS-base metal and structurally-controlled precious metal mineralization at Wabassi: each application of a new technique, and each round of drilling employed continue to confirm and extend our hope for and belief in the compelling nature of this new Canadian mineral district” says Michael Senn, Senior Executive Vice-President for Discovery.
The scientific and technical information in this news release has been reviewed and approved by Michael J. Senn, a licensed professional geologist in the State of Wisconsin, USA, and the Senior Executive Vice-President and a director of Discovery. Mr. Senn is a Qualified Person under National Instrument 43-101.
For further information, contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199.
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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 onDecember 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 (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 Wabassi.
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 metalmineralization. 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.
Anomaly "C"
Another objective of this program was to explain the ground PEM targets generated from the surveying ofAnomaly "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:
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.
"Ian Graham"
Ian Graham
President, CEO and Corporate Secretary
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