Management has published a review of the potential of the Nevada gold project.
Lengthy and detailed. Shareholders should do DD on this news.
Here are excerpts
Discovery Harbour Resources Corp. has further developed drill targets in three priority target areas, as additional geochemical data add to the Caldera gold property's integrated geologic model. Faustus, Gemina and Harmonia comprise three of a total eight distinct target areas defined on the Caldera property (see Figure 1). Together they form a 6 kilometer trend characterized by consistent alteration, geochemical gold and pathfinder anomalies in soils, and intermittent high-grade gold intercepts in shallow drilling.
Historic shallow drilling in the Faustus Area returned assays up to 7.36 grams per tonne ("g/t") gold over 6.1 m from a chalcedonic vein (see Figure 2), interpreted to be further evidence of leakage from a high grade gold system in the deeper "boiling zone". The Gemina and Harmonia areas have seen relatively little drilling. The Gemina area has a notably long strike length, a series of historical workings, and several rock samples that produced high-grade gold results in assay up to 37 g/t gold. The Harmonia area is characterized by low temperature clay alteration and geochemical pathfinder elements anomalies, an indication that the area is high in the epithermal system.
Mark Fields, Discovery Harbour's President and CEO, commented, "We have a better understanding than ever before of the extent and potential of this mineralized system. The high-grade gold occurrences at or near surface were deposited by a deeper source, and all of the data we've gathered and analyzed support our thesis that this source is intact and a productive low sulphidation epithermal gold system. We look forward to drilling to 300 to 500 meters depth, the first systematic drilling consistently below 100 meters, to test these deeper targets."
The Faustus area contains three targets. The first consists of northwesterly-trending sheeted veins that were drilled to a shallow depth producing good gold intercepts in several holes and at least anomalous results in all holes. Targets within this area demonstrate two contrasting structural trends, one being northwesterly and the other northerly.
Other areas are similarily discussed.
