Vancouver, British Columbia (FSCwire) - New Destiny Mining Corp. (TSX-V: NED), (the “Company” or “NED”) is pleased to announce it has received the first batch of analytical results from the 2018 summer program on the Treasure Mountain Silver, Precious - Base Metals, Property in BC.

 

To view the graphic in its original size, please click here

 

The rock sampling was focused around areas of historical workings and mineral occurrences in the eastern part of the property. Due to an above average snowpack and a cooler spring, showings at higher elevations were still inaccessible. Parts of the Jim Kelly creek, Railroad creek and Tulameen river showings were accessible.

 

To view the graphic in its original size, please click here

 

Rock sampling was carried out on the Railroad Creek Copper showing that consists of historical workings that follow copper mineralization. The Superior mineshaft on the bank of Jim Kelly creek was also located and sampled. The mineshaft follows a gold and silver bearing quartz vein. Another mineral occurrence also referred to as the Superior (or Lucky Todd) was located and sampled in the Tulameen river area. This showing consists of hand dug trenches on a porphyry dyke. Listed below are the highlights from the rock sampling program. The samples listed below are either outcrop or subcrop grab samples (grams per tonne or g/t).

 

Sample ID	Target	Gold g/t	Silver g/t	Copper g/t
111117	Superior Porphyry	8.81	14.45	165
111130	Superior Mineshaft	11.3	14.5	1175
111131	Superior Mineshaft	1.28	1.71	1215
111124	Railroad Creek Copper	0.08	45.2	8940
111125	Railroad Creek Copper	0.46	59.3	2130

 

The rock samples were analyzed by ALS Canada Ltd. (North Vancouver laboratory). The samples were analyzed for gold by Fire Assay - AA and for 48 elements by four acid ICP-MS.

 

A more detailed work program is planned for these showings. Currently work is underway on prospects at higher elevations.

 

To view the graphic in its original size, please click here

 

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 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. 

 

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,

 

Robert Birmingham

Director

604-488-3900

 

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.

To view the original release (with media), please click here

Source: New Destiny Mining Corp. (TSX Venture:NED)

To follow New Destiny Mining Corp. on your favorite social media platform or financial websites, please click on the icons below.

 

Maximum News Dissemination by FSCwire. https://www.fscwire.com

Copyright © 2018 FSCwire