|By Marketwired .||
|July 24, 2014 08:30 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/24/14 -- Discovery Harbour Resources Corp ("DHR") (TSX VENTURE: DHR) is pleased to announce that it continues to advance its 2BAR project in Nevada with the contracting of Aeroquest Airborne, a Geotech company, for the purpose of surveying the project area.
The contracted survey is a high resolution, 3-axis magnetic gradiometer survey over an area of approximately 11 miles (17.7 kilometers) by 5 miles (8.1 kilometers). The line spacing is planned to be 200 meters with perpendicular tie lines every 250 meters to produce a reasonably tight grid cell arrangement. Aeroquest has projected the survey to begin on August 1, 2014. Barring mechanical or weather-related issues, a survey time of approximately 4 days is further projected. DHR will have access to newly developed data on a daily basis. This will expedite the interpretation and target selection processes.
Observations made during the due diligence field trip to the project area, conducted at the end of June, indicated that the high grade copper-silver mineralization sampled in outcrop and workings is hosted in two types of lithologies, fault breccias (tectonic breccias) and amygdaloidal flow tops, both occurring in the Jurassic andesitic (intermediate volcanic) units. The amygdaloidal flow units are vertically-stacked lithologies (layer cake configuration). The tectonic breccias units were noted to be developed at the intersections of high angle normal and reverse block faults where they encountered other block fault contacts, shear zones and intrusive (diorite-gabbro) contacts.
A strong contrast in magnetic susceptibilities exists among the rock units exposed in the survey area and this contrast will enable the mapping of the geology of this region using the magnetic datasets. No detailed geological or structural mapping has been undertaken for this area. Strongly magnetic mafic intrusive rocks of the Humboldt Complex are contrasted with weakly to non-magnetic Tertiary felsic volcanics. The targeted Jurassic andesitic units are moderately magnetic. Using the gradiometer system, these contrasts will become enhanced and discernible in plan view. Additionally, the gradiometer system will produce a dataset allowing deeply buried lithologies to be detected and mapped. This will also have implications for ore fluid genesis.
The structural complexity of the area was evident from the field visit. Pronounced structural lineaments associated with the block faulting, drastic changes in attitudes (strikes and dips of units, lateral offsets and tilting) of the Jurassic sequences and dynamic outcrops of vertical and sub-vertical shear zones in the volcanics all appear to be related to, and the conduits for, ascending fluids producing the mineralization. When combined with known copper occurrences and new occurrences found in the course of diligence review and staking, the structural information produced from the gradiometer dataset will also serve to more accurately locate targets for next phase, drilling, when combined with all data presently in hand. The drilling program will be announced after the survey results have been evaluated.
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
Forward Looking Statement
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.
Discovery Harbour Resources Corp
(604) 689-8199 (FAX)