VANCOUVER, Dec. 11, 2013 /CNW/ - Discovery Harbour Resources Corp. (TSXV:DHR) ("Discovery" or the "Company") and its partners, Northern Shield Resources (TSXV:NRN) ("Northern Shield") and Great Lakes Resources, LLC ("Great Lakes"), a private company, announce that the Fall exploration program, which was initiated on October 4, 2013, at their Wabassi Project in Northwestern Ontario has ended as of December 5, 2013.
This program had a planned budget of Cdn $1.5 million which was funded by Discovery Harbour and Great Lakes and was designed to complete detailed geophysical surveys and approximately 2,800 meters of drilling (see Discovery News Releases dated October 11, 2013 and November 14, 2013).
Ground and Bore Hole EM (electromagnetic) surveys were completed on 5 separate grids and drilling of both surface-derived and bore hole EM targets was completed on 3 targets within the Wabassi Project for a total of 7 holes, comprising an actual total of 2,881 meters of drilling for an approximate total expenditure of Cdn $1.65 million. The targets that were tested are Anomaly Q (2 holes / 541 meters total), Anomaly C (1 hole / 239 meters) and Anomaly E (4 holes / 2,101 meters).
Samples are being assay tested at ALS Minerals laboratory located Timmins, Ontario which lab has an arm's length relationship with the Company, Northern Shield and Great Lakes. The Assay results from this Fall 2013 program will be reported once all the results have been received.
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 and has approved the contents of this release. Great Lakes is a private U.S. company controlled by a director and significant shareholder of Discovery.
ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP.
"Ian Graham"
Ian Graham
President, CEO, Corporate Secretary
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 results of the Fall 2013 Drilling Program, timing for receipt of results and timing for the reporting of results. 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 the results of the 2013 Drilling Program may not be favorable, the results of the program may not be received on a timely basis or at all, there may be unexpected delays in disclosing the results of the drilling program, 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.
For further information:
contact Ian Graham by telephone at (604) 689-1799 or by fax at (604) 689-8199
