Breaking Mining Stock News: New Destiny Mining (TSXV: $NED.V) -
Drilling Update: Holes TMN24-04 and TMN24-05 at Treasure Mountain Silver
Property, Hope BC; @NEDminingcorp
VANCOUVER,
British Columbia - August 13, 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.
Drilling
continues at the Railroad copper-silver zone from the Treasure Mountain
property. Hole TMN24-04 was designed to test the extension of the mineralized
zone at the Railroad zone. TMN24-04 intersected an altered and banded volcanic
unit from 13.61 to 14.17 meters depth (0.56 meters core length) with gray
silica, chalcopyrite, and pyrite (see photo A) as well as a zone with a network
textured chalcopyrite in bands with minor pyrite and sphalerite (see photo B).
The true width of the mineralized zone is not known because the geometry of the
Railroad mineralized zone is not fully understood. In any case, this
intersection is interpreted as an extension of the Railroad mineralized zone
along strike to the south.
Drill
hole TMN24-05 was aimed to test the extension further to the south and at depth
and intersected (from 34.66 to 40.75 m) a zone of white to pale green
quartz-sericite altered porphyritic intrusive rock with disseminated pyrite and
quartz-pyrite veinlets.
Paid news dissemination on behalf of New Destiny Mining.
Read
this news, featuring NED in full at https://www.investorideas.com/news/2024/08131NED-Drilling-Update-TMN24-04-and-TMN24-05.asp
Copper mineralization on hole TMN24-04 (from 13.61 to 14.17 m). A) Hydrothermally altered and banded volcanic unit with gray silica, chalcopyrite, and pyrite in bands. B) Disseminated network textured chalcopyrite in bands with pyrite and sphalerite within a volcanic unit.
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
Corporate
Powerpoint available upon request
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 statements 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
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Investorideas.com Visit: https://www.investorideas.com/CO/NED/
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