Home > Boards > Canadian > Mining/Resources > Discovery Harbour Resources (TSXV:DHR)

Very significant PR- will go a long way

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Sam Dan Member Profile
Member Level 
Followed By 23
Posts 3,276
Boards Moderated 3
Alias Born 01/02/03
160x600 placeholder
Sam Dan Member Level  Friday, 10/11/13 12:45:26 PM
Re: None
Post # of 46 
Very significant PR- will go a long way towards knowing whether we have substantial positive indications!!


Discovery Harbour Resources Corp. and its joint venture partner Northern Shield Resources Inc. have mobilized line cutting, geophysical and drilling crews to their Mink Lake camp for initiation of a fall exploration program at the Wabassi project, Northwestern Ontario.

The program that is under way has a budget of $1.5-million and is projected to complete detailed geophysical surveys and approximately 2,800 metres of drilling. Discovery and Northern Shield are presently supplying the Mink Lake camp with additional fuel and other necessities in anticipation of working through the fall season and the freeze-up period expected in November.

The program's planned objectives include completing detailed ground geophysics and testing the high-priority target, anomaly Q, which is located on one of the claims that was disputed by China Metallurgical Exploration Corp. and Keystone Associates. This hearing was held in Sudbury, Ont., on Aug. 19, 2013, and the dispute was subsequently dismissed by the Ministry of Northern Development and Mines for Ontario on Aug. 21, 2013. The claims under dispute have been assigned to Discovery and Northern Shield. See Discovery's press release dated Aug. 23, 2013, which is available on SEDAR for additional information. Anomaly Q is represented by a strong airborne (VTEM) electromagnetic signature with a coincident weak to moderate magnetic response. Based on drilling and core logging from holes 13WA-33 and 34, located 15 kilometres to the southwest and inferred (from airborne magnetics) to lie along strike, anomaly Q is interpreted to occur within felsic volcanics at their contact with intermediate volcanics. Ground-based pulse EM (PEM) and detailed magnetic surveys will be conducted to improve drill hole targeting. The airborne EM signature of anomaly Q measures 800 metres (east-west) and is presently interpreted to be caused by a thick (greater-than-50-metre), inclined geophysical conductive plate dipping to the south-southeast. Modelled depths to the top of the conductive plates average 48 metres.

The program will also attempt to extend the known mineralization at the anomaly E VMS discovery (2011) laterally (along strike) and vertically (to a depth of minus 500 metres) by drill testing. The drilling also aims to determine whether base precious metal mineralization explains as-yet-untested conductive bodies detected during the company's 2013 downhole 3-D electromagnetic and its 2011 surface PEM surveys. The aim of this drilling is to determine whether the known zinc-copper-silver-gold mineralization continues over the strike length of 600 metres displayed by the measured conductor and whether it continues at depth as suggested by the surface and downhole EM surveys. Discovery and Northern Shield plan to test whether the VMS body has continuity and is plunging to the northeast and to the southwest. Present interpretations indicate that a geophysical conductor persists to depths of minus 825 metres, the depth penetration limits of the PEM survey employed. Reporting of the anomaly E exploration results to date can be found in Discovery Harbour's NI 43-101 technical report entitled "Technical report on the Wabassi property Northern Ontario, Canada," prepared by J. Garry Clark, PGeo, dated Nov. 16, 2012, and more recent press releases, including those dated April 14, 2011, June 6, 2011, Aug. 22, 2012, May 15, 2013, May 29, 2013, and Aug. 22, 2013, all of which are available on SEDAR.

The program also aims to explain the strong airborne conductor at anomaly N1 and anomaly N2. Drilling earlier in 2013 failed to explain the 2012 presence of ground PEM conductors but was successful in intercepting visible gold in drill hole 13WA-33, as reported in a press release dated May 13, 2013, also available on SEDAR. Prior to drilling in this phase, additional ground PEM, Max-Min and detailed magnetic surveys will be conducted to more accurately locate drilling. To expand the base/precious metal mineralization discovered at the A2 VMS discovery in 2010 and to prove whether the adjacent target, the A3 zone, which has not yet been ground surveyed or drill tested, represents a lateral extension of the A2 zone. To accurately locate the drilling, detailed ground PEM and magnetic surveys will be conducted over a large survey grid covering both the A2 and the A3 zones. Details of prior exploration at the A2 discovery are reported in the technical report, available on SEDAR.

The program's objectives also include explaining the anomaly M conductor which was also drilled earlier this year but failed to explain the strong airborne response associated with this zone. Drill hole 13WA-35 was designed to test this conductor but appears to have been drilled over the top of the conductive target. Prior to this phase of drill testing, detailed ground PEM, Max-Min EM and magnetic surveys will be completed to more accurately locate the source and allow for accurate positioning of the drill.

The program will attempt to explain the ground PEM targets generated from the surveying of anomaly C. This anomaly comprises three separate conductive zones, C1, C2 and C3. One of these zones, C1 was drill tested in 2010 (10WA-18) and successfully intercepted VMS-style mineralization. However, the zinc-copper-silver assays were all contained within a gabbro-norite and not in the typical host of VMS, which are volcanics. This drill hole did, however, end in volcanic rocks very similar to the lithologies discovered in the anomaly E VMS occurrence. Recent interpretation of the VTEM airborne magnetic survey suggests that the anomaly C zones, C2 and C3, both occur in volcanic hosts and are located approximately 1,100 metres east, along strike from the anomaly E VMS discovery. Detailed ground geophysical surveys will be performed prior to drilling to locate appropriate drill solutions.

Budget permitting, additional testing of the two gold zone discoveries will occur in concert with the testing of other high-priority regional targets. Twenty-two such high-priority targets remain to be explained.

Michael J. Senn, a licensed professional geologist and director of Discovery, is a qualified person as defined in National Instrument 43-101 and has reviewed, approved and is responsible for the scientific and technical information in this news release.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist