Treasure Mountain Silver Project Exploration Update
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NEW DESTINY MINING CORP.
Treasure Mountain Silver Project
Exploration Update
TSX-V : NED
Hope BC
Canada
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Vancouver, British Columbia – March 10, 2023 – New Destiny Mining Corp. (TSXV: NED) , (the
“Company” or “NED”) announces that the Company is planning to resume work this season at its
Treasure Mountain project, near Hope, BC.
Photo showing access construction and samples being collected at Railroad occurrence.
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Exploration field work was restricted over the last two seasons due to damaged roads and bridges
caused by flooding during the winter months of 2021. In 2022, an airborne LIDAR survey was
flown over the entire property. The results will aid in locating historic workings and geological
structures related to mineralization.
Hand sample showing chalcopyrite-pyrite mineralization at the Railroad occurrence.
Field work is being planned for the Railroad, Jim Kelly and Rio Grande mineral occurrences. The
Railroad is a zone of copper-silver mineralization hosted in quartz sericite schist at one of seven
historic adits. A 1.7 metre wide sample across the mineralization in 2019 returned values of 264
grams per tonne silver and 1.06% copper, with elevated arsenic (106 ppm As) and antimony (439
ppm Sb). The weighted average grades for this and two consecutive mineralized samples are
116.0 ppm silver and 0.64% copper over a 4.2 metre width (Assessment Report 38687). Plans are
to test the structure by diamond drilling and to explore for a northern extension using soil
geochemistry.
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The Jim Kelly Creek area contains gold -quartz veins, where a 2018 grab sample returned a result
of 11.3 grams per tonne gold (Assessment Rep ort 37650) . Plans are to expose the vein by
trenching and then test it by drilling. Geochemical surveys are also being planned.
The Rio Grande was last visited in 2018 when 7 rock grab samples were collected. The results
ranged up to 122 grams per tonne silver, 0.4 % copper, 1.45% zinc and 0.24 grams per tonne gold
(Assessment Report 37650). Plans are to collect representative channel samples and follow -up
by trenching and drilling.
The project is currently fully permitted and ready for drilling and trenching. Archeology studies
were completed in 2019. The field work will entail trenching, rock sampling and drilling , and is
scheduled to take up to 45 days and cost $375,000.
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.
The Company also announces that Mr. Brad Kitchen has resigned as a director but remains as an
advisor to New Destiny.
ON BEHALF OF THE BOARD OF DIRECTORS
“Al Beaton”
Director
604-488-3900
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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 fut ure 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 “exp ects” 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 estimat es 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 specul ative 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 statement s 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