Breaking Mining Stock News: New Destiny
Mining (TSXV: $NED.V) Drilling Hole 7 Intersects Porphyry Dikes and Copper
Mineralization at Treasure Mountain Silver Project, Hope BC; @NEDminingcorp
VANCOUVER, British Columbia - August 27, 2024 (Investorideas.com
Newswire) New Destiny Mining Corp. (TSXV: NED), (the "Company" or
"NED") provides a further update on its 2024 exploration program at
the Treasure Mountain project, near Princeton, BC.
Drilling continues at the Treasure
Mountain property with seven holes completed so far for a total of 1328.5
meters cored. All the holes have been drilled in the Railroad area of
copper-silver mineralization.
Hole 7 (TMN24-07) targeted a soil
copper anomaly (values to 112 ppm copper) located southeast of the Railroad
adits (Figure 1) that could possibly be an extension of the Railroad
copper-silver mineralized zone. Fracture controlled malachite copper
mineralization occurs in a road cut near the collar position of this hole.
The hole was drilled to a depth of
268.5 meters and intersected multiple intervals of altered felsic porphyry
amounting to 21.9 meters or 8% of the core. Alteration consists of pervasive
pale green sericite and quartz with pyrite. A quartz vein mineralized with
chalcopyrite (copper) and tetrahedrite (silver and antimony-bearing mineral)
occurs within one of the altered porphyry intervals at 43.7 meters depth
(Figure 2). Analysis using a portable XRF indicates the presence of significant
copper (0.34%) and antimony (0.16%). Chalcopyrite mineralization was also
observed in the host Zoa Intrusive Complex at 79.13 meters. Near the bottom of
the hole, a mineralized altered porphyry dike was intersected, containing
disseminated and fracture-controlled pyrite and possible fine-grained
chalcopyrite (Figure 3).
The results indicate the soil anomaly
is underlain and possibly sourced by copper-silver mineralization related to
altered felsic porphyry dikes. The association between altered porphyry and
mineralization appears to be characteristic of the Railroad copper-silver area.
Paid news dissemination on behalf of New Destiny Mining.
Read this news, featuring NED in full
at https://www.investorideas.com/news/2024/08271NED-Hole-7-Porphyry-Copper.asp
Figure 2. Photo of core from hole TMN24-07 showing
quartz vein mineralized with chalcopyrite and tetrahedrite at 43.7 meters depth
Figure 1. Color grid map of Cu ppm from Railroad
2015 soil survey, showing location of Hole TMN24-06 and planned location of
hole 7
Figure 3. Photo of core from hole TMN24-07 showing
altered porphyry from 253.3 to 259.2 meters (upper) mineralized with
fracture-controlled pyrite (lower, close-up)
The Treasure Mountain property covers
10,819 hectares and is located 38 km west of the Copper Mountain mine at
Princeton in southern BC. Targets on the property include critical minerals in
porphyry copper-moly deposits, and gold-quartz vein and polymetallic
silver-rich vein deposits.
Map showing Treasure Mountain property and targets
for 2024
Portable XRF (X-Ray Fluorescence)
readings are semi-quantitative measurements and are used as guideline to
augment the understanding of the mineralization observed. These measurements
are not intended to be representative of the geochemical composition of the
material measured. XRF readings are carried out using a handheld device and
could be influenced by external factors. Calibrations of the equipment in the
field do not always allow comparison with results of certified reference
materials.
Readers are cautioned that historical
records referred to in this News Release have been examined but not verified by
a Qualified Person. Further work is required to verify that historical records
referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., a Qualified
Person as defined by NI 43-101 and consultant to the Company, approved the
technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Al Beaton"
Director
604-488-3900
Investor Relations:
Lubica Parilakova
ir@NewDestinyMining.com
Forward Looking Information
This news release includes certain
statements that constitute "forward-looking information" within the
meaning of applicable securities law, including without limitation, the
Company's information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other plans,
intentions, expectations, estimates, and beliefs of the Company. Such
statements include statements regarding the completion of the proposed
transactions. Forward-looking statements address future events and conditions
and are necessarily based upon a number of estimates and assumptions. These
statements relate to analyses and other information that are based on forecasts
of future results, estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is
expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating
that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be
achieved), and variations of such words, and similar expressions are not
statements of historical fact and may be forward-looking statements.
Forward-looking statement are necessarily based upon several factors that, if
untrue, could cause the actual results, performances or achievements of the
Company to be materially different from future results, performances or
achievements express or implied by such statements. Such statements and
information are based on numerous assumptions regarding present and future
business strategies and the environment in which the Company will operate in
the future, including the price of gold and other metals, anticipated costs and
the ability to achieve goals, and the Company will be able to obtain required
licenses and permits. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to
significant business, economic, competitive and regulatory uncertainties and
risks including that resource exploration and development is a speculative
business; that environmental laws and regulations may become more onerous; that
the Company may not be able to raise additional funds when necessary;
fluctuating prices of metals; the possibility that future exploration,
development or mining results will not be consistent with the Company's
expectations; operating hazards and risks; and competition. There can be no
assurance that economic resources will be discovered or developed. Accordingly,
actual results may differ materially from those currently anticipated in such
statements. Factors that could cause actual results to differ materially from
those in forward looking statements include continued availability of capital
and financing and general economic, market or business conditions, the loss of key
directors, employees, advisors or consultants, equipment failures, litigation,
competition, fees charged by service providers and failure of counterparties to
perform their contractual obligations. Investors are cautioned that
forward-looking statements are not guarantees of future performance or events
and, accordingly are cautioned not to put undue reliance on forward-looking
statements due to the inherent uncertainty of such statements. The
forward-looking statements included in this news release are made as of the
date hereof and the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by applicable
securities legislation.
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
New
Destiny Mining Corp. (TSXV: NED) is a featured mining stock on
Investorideas.com
More info on NED at
Investorideas.com Visit: https://www.investorideas.com/CO/NED/
Disclaimer/Disclosure: New
Destiny Mining Corp. (NED.V) is a paid featured mining stock on Investor
Ideas. More info:Our site does not make
recommendations for purchases or sale of stocks, services or products. Nothing
on our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. Contact management and IR of
each company directly regarding specific questions. More disclaimer and disclosure info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our
other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each
country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Get more mining stock investor ideas- news, articles, and podcasts and stock directories
No comments:
Post a Comment