New Destiny Mining Results for Airborne LiDAR Survey at Treasure Mountain Silver Property Tulameen, BC
New Destiny Mining Results for Airborne
LiDAR Survey at Treasure Mountain Silver
Property Tulameen, BC
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) -
New Destiny Mining Corp. (TSXV:
NED), (the "Company" or "NED")
announces that it has conducted an initial interpretation of the
results from a LiDAR survey completed at its Treasure Mountain North property, located near Tulameen
in southern British Columbia. The survey was conducted last season and a preliminary interpretation was
completed by the company's technical staff.
Figure 1. LiDAR DEM and features identified with rose diagrams of the different types of
lineaments
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The Treasure Mountain North property sits within the Intermontane Belt, which hosts several past and
current producing gold, silver, lead, zinc and/or molybdenum mines. The property shows multiple types of
mineralization that includes, polymetallic veins, gold-bearing quartz veins, and porphyry-related
mineralization.
A helicopter-borne LiDAR survey was completed over an area of 108.2 km
2
at the Treasure Mountain
North property in 2022 (Figure 1). The survey resulted in two products: a digital elevation model (DEM)
and an orthophoto mosaic. The purpose of the survey was to obtain a high-resolution topographic base
and updated orthophotos of the area. The DEM was used to identify lineaments related to geological
and geomorphological features.
Figure 2. Image of the orthomosaic from the LiDAR survey showing lineaments identified
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Lineaments were identified using a combination of the 1 m resolution DEM (Figure 1) and the 10 cm
resolution orthomosaic (Figure 2). The lineaments were interpreted to be either faults/fractures or traces
of bedding and associated fold axis (Figure 1). The bedding traces show a dominant trend of NW-SE
and a secondary trend of NNW-SSE, these bedding traces can be readily identified on the orthomosaic
and even some fold axis have been determined that have a similar NW-SE trend (Figure 1). The faults
and/or fractures identified by this dataset show a contrasting trend, with a dominant NE-SW trend
(Figure 1).
"
We are excited about the preliminary results from the LiDAR survey at Treasure Mountain North. The
high-resolution data has provided valuable insights into the geological structures of the area,
highlighting significant mineralization potential. These findings will guide our future exploration efforts
as we aim to unlock the full potential of this promising property,
"
states Barry Brown, Director.
This dataset sheds light on the structure of area that has seen limited geological mapping due to its
remoteness and steep topography. These newly identified folds highlight structural complexity within the
sedimentary units of the Jurassic Ladner Group and the Cretaceous Pasayten Group. These folds
should be considered for future exploration targeting as these can potentially host mineralization,
specially where they are intersected by faults.
Additional features reflecting infrastructure, including logging roads and previous exploration workings,
were identified using a combination of the digital elevation model (DEM) (Figure 1) and the
orthomosaics (Figure 2).
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., independent consultant to the Company and a Qualified Person as defined by
NI 43-101, 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
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>> Corporate Powerpoint available upon request
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
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