InvestorsHub Logo
Followers 23
Posts 3662
Boards Moderated 0
Alias Born 01/02/2003

Re: None

Tuesday, 11/26/2019 10:05:54 AM

Tuesday, November 26, 2019 10:05:54 AM

Post# of 69
Finally management is moving forward on attempts to evaluate a posssible major gold holding. The Market MAY reflect anticipation of results.
"Discovery Harbour Resources Corp. (TSXV: DHR) is pleased to announce that its detailed soil sampling program to select targets for its planned 2020 drill program at the Caldera gold project in Nevada is underway. Following a field visit by Mark Fields, Discovery Harbour's President and CEO, and two consulting geologists, the Company determined to further expand the soil sampling grid to thoroughly cover the most prospective targets. Over 1,200 samples will be collected on 100m by 50m spacing to support the prioritization of the currently 30 ranked gold targets.

The comprehensive soil sampling program will provide a cohesive and uniform data set over much of the Caldera property and in particular the specific targets that have been prioritized as possible drill targets. This data will be integrated with the historical data including previous shallow drilling, geology, rock samples, the patchwork of previous soil sampling, alteration and structural mapping, and geophysics to prioritize the most promising targets for a drill program planned for 2020.

Mark Fields notes, "The field visit with our consulting geologists was very encouraging. The Caldera Gold Project is an untested bonanza-grade epithermal system we are targeting at depth. The extent of the gold mineralization as defined by various historical work programs, the intensity of the alteration and our observations of certain mineral textures - such as bladed silica after calcite and comb quartz - over various parts of the large 30 square kilometre Caldera project all provide strong encouragement for our planned deep drilling program. Our decision to expand the soil program speaks to our confidence that the new multi-element soil data will be fundamental to select the most promising drill targets."

"Previous explorers at Caldera encountered sporadic but good gold grade results over widths of 5 to 20 feet as they searched for a shallow bulk tonnage gold deposit. However, they never drilled deeper than 200 metres, and generally only to 100 metres." Mark Fields continues, "I believe our plan to drill to 300 to 500 metres to reach the boiling zone where gold and silver would be deposited in a low sulphidation epithermal system is well founded. I am excited by the number and quality of targets we are evaluating for our drill program."

The 100% optioned Caldera Gold Project was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States (, the foundation of which are the claims first staked by Zsolt Rosta."

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent DHR News