Breaking Mining Stock News: New Destiny
Mining (TSXV: $NED.V) - Drilling Update: Holes TMN24-02 and TMN24-03 at
Treasure Mountain Silver Property, Hope BC; @NEDminingcorp
VANCOUVER,
British Columbia - August 9, 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.
The 2024 drilling program continues
at the Railroad copper-silver zone (see photo). Hole TMN24-02 and TMN24-03 were
drilled at steeper angles compared to TMN24-01 (see press release of July 30)
to intersect the mineralized zone below the historic underground workings to
test the extension of the mineralization at depth. The Railroad zone was chosen
as a drill target as it falls within a copper soil geochemical anomaly where
historic workings have been found and mineralization has been trenched and
confirmed at surface.
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Hole TMN24-02 intersected 8 cm of the
mineralized zone that consisted in a siliceous schist containing chalcopyrite
and tetrahedrite before entering the mine workings from 13.95 to 15.93 m.
TMN24-02 also intersected a zone of hydrothermal alteration and cut a 10 cm
(core length) quartz vein with disseminated pyrite from 71.9 to 72.58 m (see
drill core photo). Hole TMN24-03 was drilled at 80 degrees and intersected a
highly oxidized and hydrothermally altered zone that includes a 10 cm quartz
vein with tetrahedrite, magnetite, minor chalcopyrite and disseminated pyrite
from 30 to 30.24 m depth.
The next holes will aim to test the
extension of the Railroad mineralized zone at depth and along strike.
Railroad zone that was trenched in
2019 and yielded an average of 0.64 wt.% copper and 116 g/t silver over 4.2
meters
Quartz vein with coarse pyrite and
finer grained disseminated pyrite within a hydrothermally altered feldspar
porphyry that was intersected in hole TMN24-02 from 71.9 to 72.58 m
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
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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