Discovery Harbour Resources Corp.: Drilling Program Initiated at the 2BAR Project - Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 29, 2014) - Discovery Harbour Resources Corp. ("DHR" or the "Company") (TSX VENTURE:DHR) is pleased to announce that it has entered into a contract with Marcus & Marcus Drilling Company of Idaho and has initiated a drilling program at the 2BAR Project in Nevada. Drilling will begin on or before October 31, 2014 after all equipment has been moved into the site. As described below, the primary mineral commodity targets, as envisioned from all field work and trenching to date, are copper and silver +/- gold, occurring in a manto-style depositional environment.
The objective of this phase of drilling is to test the projected down dip and strike extensions of the two zones (the Upper Zone and the Lower Zone) hosting the mineralization exposed at surface in outcrop and by trenching. (See DHR press release dated July 16, 2014). Road access over a distance of approximately 23 miles has been improved to allow for ingress and egress from the site. At present, DHR's budget will allow for approximately 1,000 feet of drilling during this phase of the program. Due to the relatively shallow dips, as measured at surface, this amount of footage should enable approximately four to seven holes to be drilled. We expect drilling will be completed two weeks after initiation.
All drill core will be logged on site, transported to, then processed and analyzed by ALS Global in Reno, Nevada. Assay results will be reported in detail when ALS has finalized all drill core samples. We anticipate that date to be before the end of November.
Bruno Hegner, President & CEO of the Company states: "I am confident we will succeed in intersecting the mineralized zones at depth with the majority of the drilling and anticipate that we will see grades and thicknesses maintain and possibly exceed the values and widths present at the surface. The apparent tabular nature of the mineralized zones and our ability to expand the areal extent of the zones (at depth and along strike) will serve well to assist in determining the viability of the project as well as give a more accurate view of potential sizes and grades. We are seeing evidence of supergene copper-silver +/- gold enrichment where these two zones strike under younger cover rocks. This drilling will also be testing for the presence of this enrichment. Further, I am also confident that our reconnaissance investigations of the outlying soils anomaly areas will confirm new mineralized horizons within the same host rocks, at distances up to 3 miles from the outcropping mineralization. Additionally, a soil anomaly with a porphyry style geochemical signature was discovered within our claims. It contains coincident copper-gold-molybdenum-tin geochemical responses and will also be followed up with reconnaissance mapping and rock sampling.
2BAR has the earmarks of an excellent asset for the Company. Our hypothesis for the apparent stratabound style of mineralization, our main focus at this time, with its brecciated Jurassic host rocks and structural environment, the batholithic-scale mafic intrusive complex in the subsurface (Humboldt Intrusive Complex) all support a manto-type deposit model. Economic deposits of this type reside within the Coastal Cordilleran region of the Americas."
The analysis of the samples will be performed at ALS Global using standard preparations for rock samples. All samples will be analyzed using ALS Global's aqua regia and weak acid digestion, code # ME-MS41L (51 element). All core samples will be logged onsite, halved (cut), collected, bagged, labeled and hand-delivered to ALS in Reno through a secure chain of custody process which is overseen and directed by DHR's professional staff and consultants.
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
Certain information regarding the Company contained in this press release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, opinions, forecasts, projections or other statements that are not statements of fact. Although the Company believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees.
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