Discovery Harbour Completes Due Diligence of Nevada Project and Announces Confirmation Geochemical Sampling Results

VANCOUVER, July 16, 2014 /CNW/ - Discovery Harbour Resources Corp. ("DHR") (TSX-V:DHR) is pleased to announce the results from its due diligence review of the 2BAR property (the "Property") in Nevada, USA, following its entry into an  Exploration License with Option to Purchase dated June 19, 2014 whereby DHR was granted an option to acquire a 100% interest in the Property.  See DHR press release dated June 20, 2014.

The Property is comprised of eleven patented mining claims comprising approximately 227.26 non-contiguous acres (91.97 hectares). Staking of 71 new unpatented claims began on June 29, 2014 and was completed on July 9, 2014. The unpatented claims total approximately 1,491 acres (603 hectares). The Property is now comprised of approximately 1,717.6 acres (695.1 hectares) that DHR holds either through option or direct ownership, none of which are subject to royalties of any type. All claims are located near Lovelock, in the Table Mountain Mining District, Churchill County, Nevada. The Property lies in the vicinity of the historic Bradshaw copper and Bolivia nickel mines.

The due diligence field trip was undertaken by DHR to assess the extent of any environmental liabilities resulting from historic mining activities on the Property, and to confirm the existence of the mineralization previously presented to DHR.  

Conditions resulting from previous mining activities on the Property claims are an open, vertical shaft, three horizontal adits, an open decline, a horizontal adit located approximately 200' beneath the decline described above and a number of other discovery workings.  A small dump of charcoal slag used for roasting copper ore is present next to the shaft. Geochemical samples were taken to determine whether this slag contains concentrations of contaminants or base / precious metals from the roasting process. Assay results did not indicate any ore or contaminants within the slag samples. These conditions do not suggest material environmental liability. As DHR holds the patented claims under an option agreement, title currently remains with the landowner. No liability from historic mining operations will attach to DHR unless and until DHR exercises its option and becomes owner of record title.

DHR was introduced to the Property on the basis of a submittal from Mr. Theodore DeMatties II, a Qualified Person under NI 43-101 and member of the American Association of Professional Geologists (AAPG). His previous experience in this belt, lead to his exposure of the potential for base-precious mineralization within the group of patented claims comprising the Property, as well as the regional potential contained in the volcanics occurring in this belt. His proposal included previously-conducted, systematic sampling (channel sampling) of the trenches and some of the workings on the Property.

The main claim group contains old workings from the early 1900s and more recent trenches in the outcropping mineralized zones. Previous sampling by DeMatties, encountered high grade copper and silver mineralization at surface residing in a minimum of two separate zones separated by approximately 120 vertical feet of section. See www.sedar.com under Boxxer Gold Corp., News releases dated September 20, 2007 October 23, 2007 and February 19, 2007. DHR collected 12 grab samples from the workings and trenches and submitted them to ALS Chemex in Reno, Nevada for gold; 30 gram fire assay ICP-AES finish; and, 41 element ICPMS. ALS Chemex and DHR have an arm's length relationship.

Table 1 below indicates DHR's recent confirmation assay results received from ALS Chemex in comparison to the original trenching results from DeMatties. (See www.sedar.com under Boxxer Gold Corp.'s September 20, 2007 news release describing their trenching results). Please note that these are grab samples only, collected to confirm the presence of the copper mineralization on the Property.  These samples do not necessarily represent the mineral potential of the entire property. The sampling of the outcrop, trench and adits was performed by Michael Senn, a Qualified Person under NI 43-101. Samples were collected onsite, bagged, labeled and transported to ALS Global in Reno, Nevada. All samples were in the possession of the QP and were hand-delivered to ALS by QP.

Table 1: DHR Due Diligence Rock Samples – 2BAR Project, Nevada

During the unpatented claim staking process, soil samples were collected from all corners of each new claim and also from the center points of the long dimensions of each claim line totaling approximately 166 total samples. These samples will be assayed and anomalous areas will be followed up. This exercise was designed to detect shallowly buried copper mineralization within the main claims area. All soils samples were collected by employees of Carlin Trend Mining Services of Elko, Nevada. All samples were in the continuous possession of Carlin Trend personnel and were hand-delivered to ALS Global in Reno, Nevada. Soils are being processed and analyzed using a 41element aqua regia and weak acid digestion for soils; code ME-MS41L.

Existing records indicate that this area has not been drill tested.DHR will announce plans for a drill campaign after the completion of appropriate preparatory work and analysis of previous and current data. Due to the location of these drill sites within the patented claims, the lengthy Bureau of Land Management ("BLM") application for exploration licenses is not necessary. DHR has filed the pertinent notices with the BLM field office so that drilling may commence upon identification of suitable targets.

Michael J. Senn, a licensed professional geologist, is the Qualified Person for Discovery Harbour Resources as described in National Instrument 43-101 and has reviewed and approved the technical contents of this release. 

ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.

"Bruno Hegner"

Frank D. Hegner
President, CEO, 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 grant and exercise of the option to acquire a 100% interest in the Property, DHR's plans and timing for exploration of the Property and testing of samples collected during the proposed exploration program on the Property, the mineral potential of the Property, and DHR's for drilling the Property. 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 DHR may not have the funds necessary to make its option payments pursuant to the Agreement, the proposed exploration and drilling program on the Property may not be completed as and when expected or at all, such other risks as are customarily associated with mineral exploration activities, and such other factors beyond the control of DHR. Except as required by law, DHR expressly disclaims any obligation, and does not intend, to update any forward-looking statements or forward-looking information in this news release.

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.