New Destiny Mining Discovers New Spokane Vein - Outcrops Sampled 35 Meters Apart 6.6% Copper and 100 G/T Silver Using XRF Spot Analysis Treasure Mountain Silver Project, Hope BC
New Destiny Mining Discovers New Spokane
Vein - Outcrops Sampled 35 Meters Apart 6.6%
Copper and 100 G/T Silver Using XRF Spot
Analysis
Treasure Mountain Silver Project, Hope BC
Vancouver, British Columbia--(Newsfile Corp. - September 3, 2024) -
New Destiny Mining Corp.
(TSXV: NED) (the "Company" or "NED")
provides an update on results of prospecting done in
conjunction with the 2024 drilling program at the Treasure Mountain project, near Princeton, BC.
Newly discovered vein north of Jim Kelly, Spokane vein (Quartz vein with up to 20% coarse grained
pyrite and chalcopyrite). On left yielded 5.5 wt% Cu with 50 g/t Ag, sample on right yielded 6.6 wt% Cu
and 104 g/t Ag on a portable XRF.
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Prospecting north if the Jim Kelly occurrence located highly mineralized vein material (release dated
August 7, 2024).
Recent follow-up prospecting upslope located the Spokane quartz vein, mineralized
with up to 20% coarse chalcopyrite and pyrite.
The vein was sampled in two outcrops 35 meters apart
(see photos) where it ranges from 0.35 to 1.0 meter in thickness. Portable XRF spot analysis results up
to 6.6 percent copper and 100 grams per tonne silver were obtained, indicating base and precious
metal potential (gold content cannot be determined using this instrument).
Spokane vein samples (yellow dots) and interpreted extension of veins (dashed red lines) based on
LiDAR data
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The vein aligns with an east-west lineament identified from high-resolution LiDAR data acquired in 2022.
Based on this interpretation, the vein has a potential strike length of 500 meters (see map below). This
highlights the excellent discovery potential of this area. The samples are now being sent to the lab for
assays and ICP analyses. Further prospecting efforts are planned in this area. The company will be
applying for permits for future trenching and drilling. Additionally, an airborne magnetic survey at the
property scale is being considered.
Map showing Treasure Mountain property and targets for 2024
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Portable XRF (X-Ray Fluorescence) readings are semi-quantitative measurements and are used as
guideline to augment the understanding of the mineralization observed. These measurements are not
intended to be representative of the geochemical composition of the material measured.
XRF readings
are carried out using a handheld device and could be influenced by external factors.
Calibrations of the
equipment in the field do not always allow comparison with results of certified reference materials. For
the above results, the portable XRF data do not show any contamination based on blank analyses, and
the Cu and Ag values have good accuracy based on readings done on standard NIST 2710a.
Readers are cautioned 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 records referred to in
this News Release are accurate.
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by NI 43-101 and consultant to the Company,
approved the technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
"Al Beaton"
Director
604-488-3900
Investor Relations:
Lubica Parilakova
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 statements 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.
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