Breaking Mining Stock News: New Destiny
Mining (TSXV: $NED.V) Drilling Update: First Hole Intersected Unmapped Historic
Mine Workings at Treasure Mountain Silver Property, Hope BC; @NEDminingcorp
VANCOUVER, British Columbia - July 30, 2024 (Investorideas.com Newswire) New Destiny Mining Corp. (TSXV: NED), (the "Company" or "NED") provides the following update on its 2024 exploration program at the Treasure Mountain project, near Princeton, BC.
Photo of Historic Railroad Mine Adit
The 2024 drilling program is underway
at the Railroad copper-silver mineralized zone. Hole TMN24-01 was drilled under
the 2019 trench, where an average grade of 0.64% copper and 116.0 ppm silver
was channel sampled over 4.2 metres near the historic mine adit. This drill
hole intersected unmapped historic mine workings, which are now recognized to
be more extensive than originally estimated. It appears there was some
excavation done on the Railroad zone in the historic mine. Hole TMN24-02 will
be drilled from the same location at a steeper angle to try and intersect the
zone below the historic workings.
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.
Paid news dissemination on behalf of
New Destiny Mining
Read
this news, featuring NED in full at https://www.investorideas.com/news/2024/07301NED-Drilling-Update.asp
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
Investorideas.com
More info on NED at
Investorideas.com Visit: https://www.investorideas.com/CO/NED/
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Destiny Mining Corp. (NED.V) is a paid featured mining stock on Investor
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