• Freitag, 22 November 2024
  • 11:39 Uhr Frankfurt
  • 10:39 Uhr London
  • 05:39 Uhr New York
  • 05:39 Uhr Toronto
  • 02:39 Uhr Vancouver
  • 21:39 Uhr Sydney

Discovery Harbour Wins Decision in Claims Dispute at Wabassi Project, NW Ontario

23.08.2013  |  CNW

/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES./

VANCOUVER, Aug. 23, 2013 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company") and its partner, Northern Shield Resources Inc. (TSXV:NRN) ("Northern Shield") are pleased to announce the favorable decision from the Ministry of Northern Development and Mines following a claims dispute hearing in Sudbury, Ontario on Monday, August 19, 2013.

On August 11th, 2011, a claims dispute against Northern Shield was filed by the China Metallurgical Exploration Corp and Keystone Associates (disputants) of Markham, Ontario. Specifically, the claims involved were #P4248322 through P4248326, Gittins Lake Area and #P4263974 through P4263980, Nottik Island Area, Porcupine Sault Ste Marie Mining Division, comprising 12 claims totaling 192 claim units of approximately 3,072 hectares. The disputants alleged, on the basis of recommendation from their field and staking advisors, that Northern Shield's staking did not comply with provincial standards and substantial compliance was not met, and that the Discovery and Northern Shield completed staking after the dates indicated in the Application to Record.

As a result of the specific and substantial evidence presented to the Ministry by Northern Shield and Discovery Harbour, and the defense that was presented on behalf of the Company and Northern Shield by Ian Bliss (President and CEO, Northern Shield) during the hearing, we have received the Ministry's decision to dismiss the dispute, to revoke the 'pending proceedings' status that was assigned to the above-listed claims and to refuse the 'applications to record' certain subsequently staked claims, as filed by the disputant. The Ministry has also extended the time for performing and reporting assessment work on the mining claim by 726 days.

The disputant has a period of thirty days from August 21, 2013 in which to file a request for an appeal to the Mining and Lands Commissioner in Toronto.

Discovery Harbour and Northern Shield continue to plan for another phase of exploration to focus on the results from the down hole 3D EM survey results at Anomaly "E" and to drill test an as yet undetermined number of the regional VTEM targets developed from the 2010 and 2011 airborne surveys at Wabassi.

Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and is responsible for the contents of this 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 the planned exploration 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 we may not obtain required permits, we may not have sufficient financing to carry out our plans, we may run into drilling difficulties, we may not have sufficient experienced labour, and despite encouraging results there may be no commercial mineralization on our projects. Except as required by law, we do 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.



Contact

For further information, contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199.


Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Discovery Harbour Resources Corp.
Bergbau
A2P05T
CA25470W2067
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.