Breaking Mining Stock News: New Destiny
Mining (TSXV: $NED.V) Drilling Holes 10 and 11 at the Jim Kelly Gold Zone -
Treasure Mountain Silver Project, Hope BC; @NEDminingcorp
Vancouver,
British Columbia - September 25, 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 has been completed for this season at the Jim
Kelly gold zone (see map above). Holes TMN24-10 and TMN24-11 aimed to test the
Jim Kelly mineralized zone along strike and down dip, closer to the known
shallow dipping mineralized zone exposed in a historic mine adit. TMN24-10 was
drilled towards the southeast and TMN24-11 was drilled towards the
south-southeast.
Hole TMN24-10 intersected an
interval of brecciated rock with carbonate alteration, silicification and
disseminated pyrite from 78.7 to 80.4 meters depth (see top photo below), this
intercept is an extension of the Jim Kelly mineralized zone along strike 35
meters from the intersect in TMN24-08. Hole TMN24-11 did not intersect the
projected Jim Kelly mineralized zone but intersected a chlorite altered gabbro
with vuggy gray silica alteration, disseminated fine grained pyrite and
hematite on fractures from 135.9 to 136.4 m depth (see bottom photo below).
This zone is interpreted as a deeper parallel mineralized zone that can be
correlated with similar intersects on holes TMN24-08, TMN24-09, and TMN24-10
(see map above). The drilling results, along with prospecting work done along
the Jim Kelly Creek, indicate potential for multiple veins and mineralized
zones in this Jim Kelly gold area.
Core samples are now being
prepared to be submitted to the lab for assaying. Further exploration trenching
and drilling will be permitted in this and other areas of the property for
future exploration campaigns.
Paid news dissemination on behalf of New Destiny
Mining
Read this news, featuring NED in
full at https://www.investorideas.com/news/2024/09251NED-Hole-10-11-Treasure-Mountain-Silver-Project-BC.asp
Figure 1. Plan view (looking down) of drill holes TMN24-08 to 11, at the Jim Kelly area. The red dashed line is the interpreted extension of Jim Kelly mineralized zone.
Figure
2. Photo of core from hole TMN24-10 showing a) interval of brecciated,
silicified and carbonate altered rock with pyrite (top photo), and b) a photo
of core from hole TMN24-11 showing chlorite altered gabbro with vuggy gray
silica alteration and disseminated fine grained pyrite with hematite on
fractures (bottom photo).
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
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
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