
Monday, August 31, 2020 10:35:47 AM
" Discovery Harbour Describes Drilling Targets Submitted for Permitting
2020-08-31 08:00 CT - News Release
DHR Close 2020-08-28 C$ 0.12
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company" or "Discovery Harbour") is pleased to provide a detailed description of targets for the 10 drill sites in five separate mineralized areas. Further to the Company's June 3, 2020 press release, it has submitted an Exploration Plan of Operations (the "Plan") to the United States Forest Service ("USFS") to advance the Company's planned drill program at the Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
Mark Fields, the Company's President and CEO, states, "Our plan is to drill 100 to 300 metres deeper than any previous drilling for which we have records on the Caldera gold project. We have selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 outlines the locations of the 10 drill sites (A through J), each having the potential to deliver a significant high grade intercept. Our recent In order to facilitate the permitting procedure, Discovery Harbour has elected to apply for only the most easily accessible target requiring minimal road preparation within the Calista area, which is shown as "A" in Figure 1 above.
In the immediate vicinity of "A" the following results supported its selection for drilling:
• Historical drill holes all intersected low grade gold mineralization, indicative of the gold bearing system in this area of the Caldera property;
• Drill hole GN97-3 intersected 3.3 m@3.19 g/t gold ("Au"), from 43.9-47.0m;
• Rock results from old workings and exposures include the following gold and silver assays: 8.2g/t Au, 4.93 g/t Au and 72 g/t silver ("Ag"), 15.6 g/t Au and 448 g/t Ag, 3.325 g/t Au and 203 g/t Ag, 2.98 g/t Au and 145 g/t Ag, 8.22 g/t Au and 217 g/t Ag.
• The high silver ratio is an additional interesting and promising aspect of this target;
• Historical soil sampling had anomalous gold;
• The strong, continuous structure is often comprised of silicified fault breccia material.
Darius (Drill Sites "B" and "C")
The Darius area contains a total of eight targets. There are a number of structural trends that, in contrast to the Calista area, trend more northerly at approximately 340 degrees.
Application has been made for a permit to drill two sites in the Darius area, shown as "B" and "C" in Figure 1 above.
In the immediate vicinity of "B" the following results supported its selection for drilling:
• No historical drill holes. Two historical vertical drill holes in the area would not have tested this target, so that the target is untested by any historical drilling;
• There is minimal outcrop in the area. One rock sample did assay 6.24 g/t Au;
• Soil sampling had anomalous Au, Ag, as well as arsenic and mercury that were coincident with mapped structure in this area;
• Of particular interest is that the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
In the immediate vicinity of "C" the following results supported its selection for drilling:
• There is minimal outcrop in the area. One rock sample did assay 4.13 g/t Au;
• Soil sampling had a long anomalous Au anomaly, as well as arsenic, antimony and mercury;
• As with target "B", the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
Faustus (Drill Sites "D" and "E")
The Faustus area contains three targets. Targets within this area demonstrate two contrasting structural trends, one being northwesterly and the other northerly. The Faustus area also marks the southeast extent of a regional magnetic low that underlies much of the Caldera property, which Discovery Harbour has interpreted to represent the alteration zone associated with the low-sulphidation epithermal system
"
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