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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Discovery Harbour Resources Corp | TSXV:DHR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.10 | 0.08 | 0.10 | 0 | 14:09:36 |
/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES./
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:
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.
Copyright 2013 Canada NewsWire
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