New Destiny Mining Commences 2018 Exploration Program on the Treasure Mountain Silver Project, Tulameen B.C.
TSX VENTURE: NED
Vancouver, British Columbia (FSCwire) - New Destiny Mining Corp. (TSXV: NED), (the “Company” or “NED”) is pleased to announce the start of the 2018 field exploration program on the Treasure Mountain Silver project, located near Tulameen, B.C. The Company has received a exploration permit to conduct diamond drilling and trenching within the Property.
The Company’s Treasure Mountain Silver Project covers 10,700 hectares of geologically prospective ground adjacent to Nicola Mining Inc.’s Treasure Mountain Property (site of the historic Treasure Mountain Silver-Lead-Zinc mine). The Treasure Mountain North Property hosts at least seven gold, silver, lead, zinc and / or copper B.C. MINFILE occurrences in various regions. These include gold-quartz vein, polymetallic veins and porphyry type showings. Some of these mineral occurrences have associated historic underground workings. The Property occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper deposits.
The first phase of the work program will consist of a thorough rock geochemical sampling program in selected target areas along with soil geochemical sampling. These include areas of soil / till geochemical anomalies identified during previous work programs on the property. One target area is located in the east region of the property in the Vuich Creek area. Company personnel located an historical hand pit on a silicified porphyritic dyke in this area during the 2017 program. A grab sample from this pit returned 6.24 grams per tonne Gold. Other samples in this area were also anomalous for gold. Additional prospecting and rock geochemical sampling is planned for this target area.
The Company identified a new target area during 2016 in the southeast region of the Property. Multiple till samples collected using an auger drill in this area returned anomalous values for copper, with a few samples returning anomalous values for gold. The Company is planning additional work in the area of these geochemical anomalies during the 2018 program, including prospecting and rock and soil geochemical sampling. The Company has a permit to conduct diamond drilling and trenching in this region of the Property. Following Phase I results, the Company will identify drill and trench targets and begin construction of drill pads and clearing of trench sites.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
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.
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