On August 21, 2024, New Destiny Mining Corp., trading on the TSXV as NED, released an update regarding its 2024 exploration program at the Treasure Mountain project near Princeton, BC. The company has completed six drill holes totaling 1060 meters in the Railroad area, focusing on copper-silver mineralization.
One of the drill holes, TMN24-06, targeted a magnetic anomaly identified in regional survey data located north of the Railroad zone. This anomaly, measuring approximately 1km in diameter, is believed to be caused by an intrusion at depth, possibly a mineralized porphyry intrusive that could feed into the Railroad copper zone.
Results from TMN24-06 revealed a mineralized zone from 19.33 to 26.93 meters containing chalcopyrite and pyrite. Additionally, several intervals of altered felsic porphyry were encountered in the drill core. The drilling also targeted a copper soil anomaly extending to 112 ppm copper, indicating potential mineralization in the area.
The Treasure Mountain property covers 10,819 hectares and is located west of the Copper Mountain mine at Princeton. The property holds promise for porphyry copper-moly deposits, as well as gold-quartz vein and polymetallic silver-rich vein deposits.
It is important to note that historical records mentioned in this release have not been verified by a Qualified Person. Dr. Mathew Ball, P.Geo., a Qualified Person, and consultant to the company, has approved the technical information presented in this release.
This news release contains forward-looking statements based on certain assumptions and factors that could impact the company’s future performance. Investors are advised to exercise caution when considering forward-looking statements due to the inherent uncertainties and risks involved in resource exploration and development. The company disclaims any obligation to update or revise forward-looking statements unless required by applicable securities legislation.
The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the accuracy or adequacy of this release. For the original source version, please visit New Destiny Mining Corp. at https://www.newsfilecorp.com/company/5001/New-Destiny-Mining-Corp.
