New Destiny Mining Mobilizes Drill to Treasure Mountain Project, Tulameen B.C.
TSX VENTURE: NED
VANCOUVER, BC / ACCESSWIRE / August 14, 2019 / New Destiny Mining Corp. (TSXV: NED), (the “Company” or “NED”) is pleased to announce that it is mobilizing a drill to its Treasure Mountain Silver property, located near Tulameen, B.C.
The Company is about to mobilize a diamond drill to the property in the coming days to drill test areas trenched during the initial program completed last month. Drilling is to be conducted at the Superior (Lucky Todd) and Railroad Creek prospects and will consist of scout holes drilled across the mineralized zones that were exposed in this year’s trenches.
Initial rock sample geochemical results from the 2019 July trenching program returned significant values that warrant follow-up work. At the Superior (Lucky Todd) prospect, results ranged up to 1.6% copper, 0.87 grams per tonne gold and 109 grams per tonne silver on one sample, and 0.36% copper and 3.99 grams per tonne gold in another. At the Railroad prospect, results ranged up to 1.06% copper and 264 grams per tonne silver in one sample, and 0.95 grams per tonne gold, 0.9% Zinc and 0.4% lead in another sample. All samples were chip samples of varying widths between 0.3 and 1.5 metres. The true widths of the zones are unknown at this stage.
The Company’s Treasure Mountain Silver Property 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 Silver 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 Terrane, which hosts numerous porphyry copper deposits.
Photos of Railroad prospect trenched area (left) and historic adit (right) showing rusty zone of argillic alteration.
Photos of mineralized samples from Railroad prospect containing chalcopyrite (copper) and pyrite (fool’s gold - iron sulphide).
Exploration work was also started at the Jamie Creek area, where previous sampling returning values up to 11.3 grams per tonne gold. Planned work includes re-establishing the access road, locating the prospects and rock chip sampling. Drilling of selected sites is an option for later in the season if field results are positive.
Analytical results reported above were performed by ALS Laboratories in North Vancouver, BC., which is an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50 gram subsamples. Analyses for copper and other elements was by four acid digestion with ICP-MS finish. Overlimit results for silver were re-analyzed by HF-HNO3-HClO4 digestion with HCl leach, with an ICP-AES or AAS finish. Overlimit results for copper were analysed total copper by four acid digestion and ICP or AAS finish. Field quality control samples were not included with the sample batch due to the limited number of samples.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant from New Destiny Mining Corp, 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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