OUR WAIT IS OVER. FINALLY, APPROVAL RECEIVED SO THAT DRILLING CAN BEGIN IN NEVADA. LET THE GAME BEGIN.
""Discovery Harbour") is pleased to announce that the United States Forest Service ("USFS") has concluded its review of the drill permit application with a positive decision for the epithermal gold Caldera property in Nevada. The positive USFS Decision Memo provides approval of the Company's Plan of Operations for Discovery Harbour to undertake a drill program on up to 10 drill targets this summer (for a description of the drill targets please refer to the Company's website, www.discoveryharbour.com, and the news release of August 31, 2020). The Company has engaged a drill contractor and is finalizing all necessary arrange ments. In connection with the drill permit, the Company is making arrangements to post a $49,200 bond, a standard condition for a drill permit of this type. The Company expects to confirm all necessary logistics and contractors in order to begin drilling in August.
Mark Fields, the Company's President and CEO, stated, "We are very pleased to receive the positive drill permit decision. It has been a longer process than we anticipated, however, we have used the time to carefully prepare for the drill program. We are fully funded to drill test a series of the low sulphidation epithermal gold targets at depths substantially deeper than any historical drilling at Caldera. I would like to thank our shareholders for their patience as we worked our way towards this drill program."
Mark Fields continues, "It is an exciting time with both the Caldera and Fortuity 89 properties advancing. We can now confirm our drill plans for Caldera, and Newcrest is rapidly advancing activity on the Fortuity 89 property through their evaluation and target identification for a drill program (see Discovery Harbour news releases, March 9, 2021 and April 12, 2021). The properties are only a few kilometres apart with similar geology and gold deposition models."
Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.
About Discovery Harbour
Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.
About Newcrest
Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is one of the world's largest gold mining companies. Its purpose is to create a brighter future for people through safe and responsible mining. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects - predominantly in the Asia-Pacific and North and South America."
