Discovery Harbour Resources Corp.: Staking Program Completed at 2BAR, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 25, 2015) - Discovery Harbour Resources Corp. ("DHR" or the "Company") (TSX VENTURE:DHR) is pleased to announce that it has completed the staking of an additional 129 unpatented lode claims at its 100% owned 2BAR Project in Nevada.
This staking adds approximately 2,657 acres (1,075 hectares) to the Company's holdings that now total approximately 4,243 acres (1,717 hectares), including the patent claims under option to purchase.
Staking
The purpose of staking additional claims was to complete the acquisition of the remaining portion of the targeted unconformity containing the oxide copper mineralization as described in the Company's press release of January 26, 2015. Drilling highlights from that release are repeated below.
[Excerpt from January 26, 2015 press release ]
"Hole 2B14-06 - Upper Zone: Contained from 32.8 to 107 feet (74.2 feet/22.6 m) an average of 1.20 % Cu. This interval contains, from 82.7 to 104.6 feet (21.9 feet/6.7 m), an average of 3.73% Cu. Also contained within this interval, from 97.0 to 104.6 feet (7.6 feet/2.3 m), an average of 4.50% Cu and contained within this interval, from 99.0 to 104.6 feet (5.6 feet/1.7 m), an average of 5.89% Cu. Of additional interest are some of the individual sample interval results: from 87 to 88 feet- 10.09% Cu; from 99 to 101 feet- 8.9% Cu; from 101 to 103 feet- 6.62% Cu; and from 103 to 105 feet- 17.45% Cu.
Hole 2B14-07 - Upper zone: Contained, from seven to 71 feet (64.0 feet/19.5 m), an average of 0.74% Cu. This interval contains, from 26 to 40 feet (14 feet/4.3 m), an average of 1.25% Cu. Contained within this interval, from 26 to 34 feet (eight feet/2.4 m), an average of 1.54% Cu. Also contained within the 70.2-foot interval, from 66 to 71 feet (five feet/1.5 m), averaging 1.99% Cu. Of additional interest are some of the individual sample interval results: from 26 to 28 feet- 1.23% Cu; from 28 to 30 feet- 2.17% Cu; from 30 to 32 feet- 1.16% Cu; from 32 to 34 feet- 1.58% Cu; from 48 to 50 feet- 1.02% Cu; from 52 to 54 feet- 1.13% Cu; from 56 to 58 feet- 1.94% Cu; from 66 to 68 feet- 2.27% Cu; and from 68 to 71 feet- 1.81% Cu."
DHR-held claims now cover an area containing approximately 6.5 miles (10.5 kilometers) of strike length (lateral distance) of this unconformity, all of which is deemed as highly prospective to host additional occurrences of copper mineralization.
The estimated cost of staking, claims registration, August 2015 claims renewal / maintenance, sample collection (soils and streams) and sample analysis will total approximately US$72,000.00.
Sampling
In the process of staking the claims, soil samples were collected from all four corners of each new claim and from the midpoints of the long dimensions of each claim. In Nevada, claim dimensions are 600 feet by 1,500 feet, yielding a sample grid of approximately 600' x 750'. In addition to the soils grid sampling, stream sediment samples were collected at points where claims lines crossed drainages. A total of 358 soil samples and 67 stream sediment samples have been collected and submitted to ALS Global in Reno, Nevada for preparation and analysis. These samples and their analytical results will be combined with the existing soils database that was compiled from the same style of sampling when the Company staked its claims during August, 2014 (see DHR press release dated August 11, 2014).
The August, 2014 sampling survey produced five new copper anomalies from soils, two of which were coincident with gold-in-soil anomalies, and one of which yielded coincident copper-gold-molybdenum-tin responses, suggestive of a porphyry source area. Additionally, strong zinc-in-soil anomalies were developed in an isolated area, peripheral to the interpreted porphyry signature.
We anticipate that this sampling, particularly when combined with detailed stream sediment sampling results and the 2014 soils results, will allow for vectoring to anomalous source locations along the unconformity. These areas will be mapped and sampled in detail.
The analysis of the stream sediment and soil samples is presently being performed at ALS Global using standard preparations for sediment samples for ICP analysis. All samples will be analyzed using ALS Global's aqua regia and weak acid digestion, code #ME-MS41L (51 element). These results will be reported when received.
Summary
Bruno Hegner, President & CEO of Discovery states, "The acquisition of these new claims secures the Company's land position on the highly prospective target that the Company confirmed through drilling during November of last year. We now hold all of the prospective ground for this target type in this region of the Stillwater Range. As with the results of our sampling last summer during the staking process, I expect that we will identify new prospects that will be followed up to new occurrences of oxide copper mineralization contained within the unconformity. Our program for 2015 involves detailed geophysical surveying in the Upper Zone to assist in the efficient placement of exploration drill holes, ground follow-up of soil and stream anomalies and, of course, drilling. One of the anomalous areas from the 2014 soil sampling that was investigated during 2014 produced an outcrop where chip-channel samples over a 12.5 foot interval averaged 1.3% copper and 0.3% zinc. We have planned to thoroughly examine this area through mapping and sampling as well. Also, the area yielding the coincident porphyry-style geochemical signatures will be mapped and sampled for lithology, alteration and trace element geochemistry to further determine if the soils anomalies present there indicate a porphyry source. It will be an exciting year for DHR!"
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.
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.
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.
