Breaking Mining Stock News: New Destiny
Mining (TSXV: $NED.V) Discovers New Spokane Vein - Outcrops Sampled 35 Meters
Apart 6.6% Copper and 100 G/T Silver Using XRF Spot Analysis - Treasure Mountain Silver
Project, Hope BC; @NEDminingcorp
Vancouver, British Columbia - September 3, 2024 (Investorideas.com
Newswire) New Destiny Mining Corp. (TSXV: NED), (the "Company" or "NED") provides an update on
results of prospecting done in conjunction with the 2024 drilling program at
the Treasure Mountain project, near Princeton, BC.
Prospecting north if the Jim Kelly
occurrence located highly mineralized vein material (release dated August 7,
2024). Recent follow-up prospecting upslope located the Spokane quartz vein,
mineralized with up to 20% coarse chalcopyrite and pyrite. The vein was sampled
in two outcrops 35 meters apart (see photos) where it ranges from 0.35 to 1.0
meter in thickness. Portable XRF spot analysis results up to 6.6 percent copper
and 100 grams per tonne silver were obtained, indicating base and precious
metal potential (gold content cannot be determined using this instrument).
The vein aligns with an east-west
lineament identified from high-resolution LiDAR data acquired in 2022. Based on
this interpretation, the vein has a potential strike length of 500 meters (see
map below). This highlights the excellent discovery potential of this area. The
samples are now being sent to the lab for assays and ICP analyses. Further
prospecting efforts are planned in this area. The company will be applying for
permits for future trenching and drilling. Additionally, an airborne magnetic
survey at the property scale is being considered.
Paid news dissemination on behalf of New Destiny Mining.
Read this
news, featuring NED in full at https://www.investorideas.com/news/2024/09031NED-New-Spokane-Vein.asp
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. For the above results, the portable XRF data do not show any contamination
based on blank analyses, and the Cu and Ag values have good accuracy based on
readings done on standard NIST 2710a.
Newly discovered vein north of Jim Kelly, Spokane
vein (Quartz vein with up to 20% coarse grained pyrite and chalcopyrite). On
left yielded 5.5 wt% Cu with 50 g/t Ag, sample on right yielded 6.6 wt% Cu and
104 g/t Ag on a portable XRF.
Spokane vein samples (yellow dots) and interpreted
extension of veins (dashed red lines) based on LiDAR data
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
Map showing Treasure Mountain property and targets
for 2024
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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