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Tuesday, September 14, 2021 9:47:17 AM
I am a firm believer that only assays will give us the true value in the cores. So don"t invest until the assays are revealed by the end of October
""Company" or "Discovery Harbour") is pleased to announce that the Company's Caldera drill program is progressing well with four holes completed. Each hole has reached the planned target depth with excellent recoveries. The Company currently plans to test six drill targets, each one to a depth 100 to 300 metres, deeper than any previous drilling on Caldera. Discovery Harbour will be the first company to test the boiling zone, typically found at approximately 300+ metres depth, where precious metals come out of solution and potentially develop into a high grade portion of a low sulphidation epithermal gold system. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
The drill program is expected to be complete by the beginning of October. Selected drill core has been sent to the lab for analysis and will continue to be sent as further drill holes are completed. Results are expected to be available beginning the end of October and the Company will release the results in batches as they are available.
Mark Fields, the Company's President and CEO, stated "We are pleased that the drill program is proceeding smoothly and it is a tribute to our team that the program is being executed efficiently. We have done a series of videos describing our program and results to date and encourage everyone to view them on our website. The link is under "Videos" at: https://discoveryharbour.com/investors/media/. There are also videos describing Newcrest Mining Limited's progress, results and drill plans for this year on the Fortuity 89 property, which is immediately to the west of Caldera"
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