New Destiny Mining Begins 2018 Trenching Program at Treasure Mountain Silver Property, Southern British Columbia
TSX VENTURE: NED
Vancouver, British Columbia (FSCwire) - New Destiny Mining Corp. (TSXV: NED), (the “Company” or “NED”) is pleased to announce it has commenced the 2018 trenching program on the Treasure Mountain Silver, Precious - Base Metals, Property in southern British Columbia.
The trenching program is being conducted in the southeast region of the property. Till geochemical sampling during 2016 utilizing an auger drill identified gold and copper anomalies (up to 0.055 ppm gold and 132 ppm copper) in this region of the property. One of the till samples also returned anomalous values for lead (347 ppm Pb) and silver (2 ppm Ag). The Company has received a permit from the British Columbia government to conduct trenching and diamond drilling in this region. The program will consist of a series of trenches with the objective of locating the bedrock source of the till anomalies. Diamond drill pads will also be constructed during the current work program. A British Columbia MINFILE occurrence referred to as Rio Grande is reported 1 to 2 kilometers north-northwest of the 2016 till anomalies and area of current trenching. The Rio Grande occurrence is reported as a lead, zinc and silver bearing shear zone. Two copper and molybdenum MINFILE occurrences are also reported in the southeast region of the property, northwest of the area of current trenching.
The Treasure Mountain Silver Property hosts multiple occurrences of silver, gold, lead, zinc and copper; and two copper - molybdenum occurrences. Copper and nickel mineralization is also reported locally in the northern region of the property. In addition, the property partially surrounds the Treasure Mountain Property of Nicola Mining Inc. which hosts polymetallic veins and the historic Treasure Mountain silver-lead-zinc mine.
Some highlights of reported historic work within the Treasure Mountain Silver Property include (as per British Columbia MINFILE and Mineral Assessment Report Records):
- Rainy (Cedarflat) occurrence (north-central region): 2011 grab samples from rock piles near an adit were reported to return 6.5, 7.4 and 11.9% zinc.
- Spokane (northeast region near Jim Kelly creek): A sample reported in 1913 of 4.11 grams per tonne (g/t) gold over 0.9 meters across the zone.
- John Bull (northeast region near Jim Kelly creek): A channel sample reported in 1937 of 9.6 g/t gold over 0.18 meters across a quartz vein.
- Railroad creek area copper showing (east region north of Railroad creek): Two 2011 grab samples from rock piles near adits were reported to exceed 1% copper and up to 76.4 g/t silver.
- Rio Grande (southeast region): A 1.5 meter chip sample across a shear zone was reported in 1929 to return 1.2% zinc.
Previous 2018 summer work by the Company within the Treasure Mountain Silver Property included rock geochemical sampling in the northeast region of the property. Sample highlights included 11.3 and 8.81 g/t gold in grab samples at the northern Superior occurrence (Jim Kelly Creek area) and Superior (Lucky Rodd) occurrence (News Release of July 26, 2018).
Readers are warned 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 assays referred to in this News Release are accurate.
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
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