/NOT FOR DISSEMINATION IN THE UNITED
STATES OR OVER THE UNITED
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VANCOUVER,
Oct. 11, 2013 /CNW/ - Discovery
Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company")
and its joint-venture partner, Northern Shield Resources (TSXV:NRN)
("Northern Shield") are pleased to announce the mobilization of
line-cutting, geophysical and drilling crews to our Mink Lake camp for initiation of a Fall
exploration program at the Wabassi Project, Northwestern Ontario.
The program that is underway has a budget of Cdn
$1.5 million and is projected to
complete detailed geophysical surveys and approximately 2,800
meters 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 are:
- To complete detailed ground geophysics and to test 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,
Ontario on August 19, 2013 and
the dispute was subsequently dismissed by the Ministry of Northern
Development and Mines for Ontario
on August 21, 2013. The claims under
dispute have been assigned to Discovery and Northern Shield. See
Discovery's press release dated August 23,
2013 which is available on SEDAR at www.sedar.com 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 & 34, located 15 kilometers 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 meters (east-west) and is presently interpreted to
be caused by a thick (>50 meters), inclined geophysical
conductive plate dipping to the south-southeast. Modeled
depths to the top of the conductive plates average 48 meters.
- To extend the known mineralization at the Anomaly "E"
VMS discovery (2011) laterally (along strike) and vertically (to a
depth of -500 meters) by drill testing. The drilling also
aims to determine whether base-precious metal mineralization
explains as yet untested conductive bodies detected during our 2013
down hole 3D electromagnetic and our 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 meters 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 -825 meters, 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, P. Geo. dated November 16,
2012 (the "Technical Report") and more recent press
releases, including those dated April 14,
2011, June 6, 2011,
August 22, 2012, May 15, 2013, May 29,
2013 and August 22, 2013 all
of which are available on SEDAR at www.sedar.com.
- To explain the strong airborne conductor at Anomaly N1 and
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 at www.sedar.com.
- To explain 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.
- To explain the ground PEM targets generated from the surveying
of Anomaly "C". This anomaly comprises 3 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 meters 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.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR
RESOURCES CORP.
"Ian
Graham"
Ian Graham
President, CEO, Corporate Secretary and Director
Disclaimer for Forward-Looking
Information
Except for statements of historical fact, this
news release contains certain "forward-looking information" within
the meaning of applicable securities law. Forward-looking
information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate"
and other similar words, or statements that certain events or
conditions "may" occur. Forward-looking information in this press
release includes, but is not limited to, statements regarding
expectations of management regarding: (i) the planned exploration
program, (ii) the mobilization of crews for the proposed work
program, (iii) the timing and duration of the proposed work
program, (iv) the budget for the proposed work program, (v) the
geophysical surveys, magnetic surveys and drilling expected to be
completed at the Wabassi property, (vi) the mineralization at the
various high priority targets on the Wabassi property and elsewhere
on the Wabassi property, (vii) the interpretations of prior
exploration results, and (viii) the expected results from the
proposed work program. Although the Company believes that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. Such forward-looking statements are subject to
risks and uncertainties that may cause actual results, performance
or developments to differ materially from those contained in the
statements including, without limitation, the risks that: (1) the
Company may not obtain required permits, (2) the Company may not
have sufficient financing to carry out its plans, (3) the Company
may run into drilling difficulties or other difficulties in
carrying out the proposed work program, (4) the Company may not
have sufficient experienced labour, and (5) despite encouraging
results there may be no commercial mineralization on the Company's
projects. Except as required by law, the Company does not intend to
update these forward-looking statements.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Discovery Harbour Resources Corp.