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Discovery Harbour Announces New Ontario Discovery
Discovery Harbour Announces New Ontario Discovery of High Grade Mineralization at Wabassi; Drill Program Extended
Vancouver (May 4, 2010) – Discovery Harbour Resources Corp. ("Discovery Harbour") and its partner Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) are pleased to announce that assay results have been received from the first seven of the ten planned drill-holes at Northern Shield’s Wabassi property in northern Ontario. The drill program is being conducted to test several very high priority conductive features for anticipated Ni-Cu-PGE mineralization. At the A2 anomaly (refer the Wabassi Target map, Figure 1), drill-hole 10WA-07 intersected 2.25% zinc (Zn), 31.7 g/t (0.92 oz/ton) silver (Ag) and 0.17% copper (Cu) over 49.5 meters, including a higher grade section of 7.07% Zn over 7 meters. Three sample intervals from this drill-hole also contained over 100 g/t silver including a 0.7 meter interval grading 536 g/t silver (17.2 oz/ton) and three other intervals contained over 12% Zn.
Figure 1: Wabassi Target map. Targets are overlaid on an image of the 1st vertical derivative (magnetics) of the Wabassi Igneous Complex showing drill-hole (red diamonds in white halo) and VTEM anomaly locations (encompassed by yellow ellipses). Drill-holes 10WA-05 and 06, targeting the A1 anomalies, intersected pyrrhotite-dominated massive, semi-massive and disseminated sulphides containing copper, silver, zinc and nickel mineralization. Eighty-five of the one hundred and thirty-four samples assayed from drill-hole 10WA-05 assayed greater than 5g/t silver. Together the A1 and A2 target areas form part of an extensive series of conductive zones associated with a magnetic feature greater than 2km in length. Drilling to date has identified two distinct rock types and styles of mineralization along this target zone. Drill-hole 10WA-07 intersected volcanic rocks and volcanogenic massive sulphide (VMS) zinc-silver-copper mineralization adjacent to the contact with the Wabassi Intrusive Complex. Drill-holes 10WA-04 to 10WA-06 intersected rock types predominantly consisting of mafic and ultramafic lithologies belonging to the Wabassi Intrusive Complex. Drill-hole 10WA-05 intersected pyrrhotite-dominated massive, semi-massive and net-textured sulphides with a chemical signature suggesting that it may be a hybrid mixing of VMS and magmatic (nickel-copper) systems. Drill-hole10WA-06 intersected disseminated copper sulphide mineralization. Significant assay results include:
*All intervals composed of multiple samples are weighted averages. Intervals given are the length of core intersection and may not represent true widths. Ground and down-hole EM surveys have been running contemporaneously with the drill program to provide better resolution of the conductive bodies discovered from the airborne VTEM magnetic and electromagnetic survey. Preliminary results from the ground and down-hole pulse electromagnetic surveys suggest that drill-hole 10WA-07 (zinc-rich) apparently has only intersected the edge of the A2 anomaly and that this target may be more extensive than previously thought. The drill program is currently being expanded from a 10 drill-hole/2300 meter program to approximately 2700 meters over 13-14 drill-holes. The drilling and geophysics is funded under the terms of the option agreement between Northern Shield and Discovery Harbour under which Discovery Harbour has the option to earn a 51% interest in the Wabassi property (see press release dated March 18, 2010). An additional drill-hole is being planned to intersect the main body of the A2 conductor where higher grades of VMS mineralization may be expected. The survey also showed that the A1 VTEM anomaly is composed of multiple parallel and, sub-parallel conductive zones. The largest and strongest of these conductive bodies was not intersected in the first seven holes and is located wholly within the Wabassi Intrusive Complex. This zone is currently being tested for Ni-Cu-PGE in the expanded drill program. For the locations of A1 anomaly drill holes refer figure 2.
Figure 2: Map showing the locations of the drill-hole targeting the Wabassi A1 anomalies (targeting magmatic Ni-Cu-PGE). “We are off to a very successful start on the first substantial drill program at Wabassi with the discovery of a high grade zinc-silver occurrence at the A2 anomaly and evidence of further mineralization at A1,” says Northern Shield President and CEO, Ian Bliss. "The commitment to this project by our partners and their rapid and aggressive exploration approach is a testament to the excitement generated from this new discovery. The Wabassi project has become multi-faceted with the discovery of both high grade VMS and, magmatic styles of mineralization. As such we eagerly look forward to further exploration at Wabassi.” Michael Senn, Executive Vice President of Discovery Harbour comments: “From the instant we saw the compelling geophysical signatures from the Wabassi VTEM survey and the geological interpretation that was compiled by the Northern Shield technical staff during PDAC, Discovery Harbour was convinced of the strong probability of success in the drill testing of these exciting targets. Discovery Harbour entered the project with a focus on nickel exploration so the discovery of an apparent volcanogenic massive sulfide (VMS) system adjacent to the correct ultramafic lithologies and magmatic mineralization at Wabassi is a most pleasant surprise. Our assessment of the geological setting through the employment of interpretive methods using geochemistry and geophysics continues to suggest that, particularly the “A1” series targets, have great potential to be sourced by magmatic nickel-copper mineralization. Our continued exploration at Wabassi will be directed toward the further understanding of the VMS system on the property as well as the discovery of high grade nickel-copper mineralization, an indication of which is seen in the trace element geochemistry in drill holes 10WA-05 and 10WA-06. We are most excited with the results of this first round of drilling and are looking forward to results from our continued exploration here at Wabassi.” The drill program is being overseen by Christine Vaillancourt, Chief Geologist for Northern Shield and a Qualified Person under National Instrument 43-101. Due diligence for Discovery Harbour is provided by Michael Senn, Executive Vice President. The drilling is being conducted by Morecore Diamond Drilling Ltd. of Kelowna, British Columbia. The ground and down-hole geophysics was completed by Abitibi Geophysics of Val, D’or Quebec using the InfiniTEM system. Rock samples are being analysed by ALS Chemex laboratories in Vancouver, B.C. for Au, Pt, and Pd by Fire Assay with ICP-AES finish and 27 further elements by four acid digestion and ICP-AES. Discovery Harbour Resource Corp. is a company that seeks mineral projects requiring financial or added technical investment with a view to accelerating high value assets to generate wealth and returns for its shareholders. For more information regarding Discovery Harbour, please contact:
Pat Power Forward-Looking Statements Advisory This news release contains statements concerning the drilling plans, results and potential for Ni-Cu-PGE and Zn-Ag mineralization at the Wabassi property, geological, geophysical and/or geometrical analyses of the Wabassi property, and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. The forward-looking statements or information contained in this news release are made as of the date hereof and Discovery Harbour undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. |
