Canada Markets close in 33 mins

Discovery Harbour Resources Corp. (DHR.V)

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.0350+0.0100 (+40.00%)
As of 02:42PM EST. Market open.
Sign in to post a message.
  • f
    frank wood
    Just in case some of you are still in the game : Mark Fields, President & CEO, comments: "Encouraging gold values were intersected in three of the five drill holes, which were drilled in three very separate areas of the Caldera property. Some, but not all, of the extensive faulted and altered intervals carried multiple intersections in excess of one gram gold per tonne with other intercepts of anomalous gold values, all of which occurred from both shallow and deeper parts of the drill holes. Although we did not intersect the type of bonanza zone we were hoping for, the results point to the gold fertile nature of the mineralizing system at Caldera. We will use the extensive analytical data we have gathered as well as the geological and spectrometer data to better understand the low sulphidation epithermal gold system at Caldera and determine the next steps. In addition, we are looking forward to Newcrest's drill program, which, subject to drill rig availability, is planned to begin in January for the Fortuity 89 property (see news release October 28,2021)."
  • A
    Alexei
    What's hoing on?
  • H
    Harold
    Finally some news re drilling in Nevada.Not exactly exciting
    Of course only assay results will tell us the true value potential, can't depend on visuals.
    Patience only thing we can do.
    ""Company" or "Discovery Harbour") announces that the field drilling portion of the Company's Caldera drill program is complete. Selected core from each of the five holes will be assayed, with the initial assays expected by the end of October and further results over the following months.
    The Company completed drilling a total of slightly over 1900 metres, testing five low sulphidation epithermal gold targets on the Caldera Property. Although the Company planned to test six drill targets, budget constraints resulted in the program being limited to five holes. Each hole was deeper than any previous drilling on Caldera and each site was selected to test the boiling zone, typically found at approximately 300+ metres below the paleo-surface, where precious metals are concentrated. The Caldera gold property lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

    Mark Fields, the Company's President and CEO stated, "I'd like to commend the field personnel for a job well done. At times, particularly in the final holes, the drilling conditions proved very difficult and yet the drill contractor, working with our field crew, successfully reached the key target zone in each case. Core recovery was less than optimal in the final holes due to bad ground conditions. The original plan was to test more of the 10 targets permitted for drilling; however, the difficult drilling conditions, particularly in the fifth and final, resulted in the decision to conclude the program. We anticipate lab results as they become available, the earliest of which we expect by the end of October."

    Alan Morris, CPG, is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release."
  • H
    Harold
    Finally a positive report regarding the Nevada projec
    "Discovery Harbour Resources Corp. has made progress on the analysis of historic and recent work at its 100-per-cent-optioned Caldera Gold Project in southern Nevada. Two new targets have been refined, to be assessed among the 30 ranked targets in the upcoming detailed soil sampling program. The detailed soils program data will inform drill targeting for Discovery Harbour's first drilling campaign at Caldera, planned for mid-2020.

    Located at the junction of the prolific Northumberland and Walker Land gold belts in southern Nevada, the Caldera gold project covers over 30 square kilometres and hosts low-sulphidation epithermal-style gold and pathfinder mineralization over a significant area measuring approximately 6 km by 2.5 km. Discovery Harbour will be the first company to test Caldera's potential for the discovery of bonanza gold grades based on the low-sulphidation epithermal gold model.

    Data Compilation Advances

    The Company continues to compile results from past operators including data from geochemical and geophysical surveys, drill programs and structural models. Together with results collected from its own fieldwork, discrete data sets are being integrated into a comprehensive three-dimensional model with the application of modern investigative methodologies and techniques.

    Mark Fields, Discovery Harbour's President and CEO states, "We're seeing more and more evidence that past operators were not focused on the bonanza grade epithermal gold potential that the Caldera project provides. Major discoveries in the 21st Century will be made from the application of new thinking and technology to historic projects. All the evidence at Caldera points to a preserved bonanza-grade epithermal gold system at depth and we look forward to testing it in 2020."

    A weights-of-evidence approach has been used to rank a subset of the most prospective drill targets. Certain of these targets were chosen on the basis of high-grade gold occurrences at or near surface. These include gold in soils and chip samples up to 193 grams per tonne gold (g/t Au), and shallow drill intercepts including 8.33 g/t Au over 7.6 metres, and 37.92 g/t Au over 3 metres, which are interpreted by the Company to be expressions of a bonanza gold/silver zone at depth.

    New Priority Targets Identified

    A number of targets have been selected on the basis of structural features or the widespread presence of pathfinder elements and mineral textures predictive of high-grade gold mineralization at depth. Two such priority targets have been further refined, with both zones indicating some of the most complete signs of low-sulphidation gold epithermal zonation to date. The first target is 1 km west-southwest of the historic Golden King Mine workings and integrates rock-chip assays with clay alteration development, and coincident colour and geochemical soil anomalies. The second target is approximately 7 km west of Golden King and has similar geology. Both targets have been tested by drilling which was too shallow to intersect the predicted bonanza gold zone at depth.

    For Target 2019-1, the kaolinite, jarosite and gypsum noted in Discovery Harbour's sample Cld201710-08 is associated within a large jarositic gossan with lacustrine sediments and could indicate near-surface advanced argillic alteration near an up-flow zone. This potential near surface manifestation of a deeper target is further supported by the presence of a coincident antimony-mercury-arsenic geochemical soil anomaly. This area also corresponds with a distinctive colour anomaly and may be considered for expanding the imminent soils program currently being planned.

    At Target 2019-2, the geology is comprised of rhyolite crystal tuffs dacite/latites and distinctive felsic ash tuffs that are pervasively silicified, with local strong opaline silica and fossilized plant fragments. Shallow level and above groundwater table (acid sulphate) conditions are suggested by the significant amount of chalcedony and opal. A linear zone of tectonic-hydrothermal breccia with some minor silicification of the matrix cuts the silicified ash. Irregular low temperature massive to botryoidal chalcedony veins and stringers are common in the felsic tuffs. The silicification, opaline silica and fossilized fragments suggest a maar/volcanic lake-type setting and the existence of a paleosurface. The breccia zone indicates post-syn silicification faulting and a dynamic environment favourable for mineralization.

    Previously, Kennecott Exploration outlined low level gold-arsenic-mercury soil geochemical anomalies in the area of Target 2019-2. Argillic alteration and strong Fe-oxide colour anomalies lie in the recessive areas on the east side of the main outcrop area.

    On both targets, preliminary clay mineral determinations on 8 of 11 rock samples indicate the presence of the temperature sensitive clay, montmorillonite in the absence of illite, suggesting temperatures
  • H
    Harold
    Not surprised management would raise funds to develop the Nevada prospect.

    "(TSXV: DHR) (the "Company" or "Discovery Harbour") is pleased to announce a non-brokered private placement consisting of the issuance of up to 10,000,000 units (each, a "Unit") at a price of $0.10 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Insiders, as that term is defined in the policies of the TSX Venture Exchange, may participate in the Offering.

    Each Unit will consist of one common share of the Company (each, a "Share") and one half common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one Share at a price of $0.15 per Share for a period of two years following the closing of the Offering (the "Closing"), subject to an acceleration provision of the Company whereby, if for any ten (10) consecutive trading days the closing price of the Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 at any time commencing (4) months after the Closing and until their expiry date, then the remaining term of the Warrants will be reduced to thirty (30) days, commencing seven (7) days from the end of such ten (10) consecutive trading day period.

    Finders' fees may be payable in connection with the Offering in accordance with the policies of the Exchange.

    All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

    The aggregate gross proceeds from the sale of the Offering will be used to conduct further work, including a planned drill program on high priority targets, on the Company's Caldera epithermal gold project in southern Nevada (see news release dated January 9, 2020), to pay outstanding debt, and for general working capital.

    None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Discovery Harbour Resources Corp.

    Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.
  • H
    Harold
    A further update from management. Shows a significant discussion of the potential of the Nevada project and also the financial problems that must be overcome to provide the sums to do the drilling that is necessary.
    It won't happen overnight, but management realizes the problems.
    Hope remains our only option
    ""Discovery Harbour") is pleased to announce that it has submitted an Exploration Plan of Operations ("the Plan") to the United States Forest Service ("USFS") in furtherance of the Company's planned drill program at the Caldera gold project, Nevada. The Plan includes up to 10 drill targets in five separate mineralized areas.

    Mark Fields, the Company's President and CEO, states, "The work we have completed to date represents a major step towards drill testing the potential of the Caldera project. We have selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 attached to this news release outlines the locations of the 10 drill sites, each having the potential to deliver a high grade intersect. I would like to thank our consultants who have helped prioritize these targets."
    Pursuant to the Company's news release dated March 12, 2020, the Company has made the decision to terminate the remainder of its non-brokered tranche-structured private placement (the "Offering") of an aggregate of $1,000,000 through the issuance of 10,000,000 units priced at $0.10 per unit (each a "Unit"). The Company closed the initial and only tranche of the Offering in the amount of $187,500, consisting of 1,875,000 Units, pursuant to a news release dated February 25, 2020. Each issued Unit consists of one common share and one half of one share purchase warrant, with each whole warrant exercisable into one additional common share at a price of $0.15 for a period of two years, subject to an acceleration clause. It is anticipated that the proceeds of the financing will allow the Company to continue with its permitting process until such time as the financial markets stabilize or recover from the conditions caused in part from COVID-19."
  • H
    Harold
    Finally management is moving forward on attempts to evaluate a posssible major gold holding. The Market MAY reflect anticipation of results.
    "Discovery Harbour Resources Corp. (TSXV: DHR) is pleased to announce that it's detailed soil sampling program to select targets for it's planned 2020 drill program at the Caldera gold project in Nevada is underway. Following a field visit by Mark Fields, Discovery Harbour's President and CEO, and two consulting geologists, the Company determined to further expand the soil sampling grid to thoroughly cover the most prospective targets. Over 1,200 samples will be collected on 100m by 50m spacing to support the prioritization of the currently 30 ranked gold targets.

    The comprehensive soil sampling program will provide a cohesive and uniform data set over much of the Caldera property and in particular the specific targets that have been prioritized as possible drill targets. This data will be integrated with the historical data including previous shallow drilling, geology, rock samples, the patchwork of previous soil sampling, alteration and structural mapping, and geophysics to prioritize the most promising targets for a drill program planned for 2020.

    Mark Fields notes, "The field visit with our consulting geologists was very encouraging. The Caldera Gold Project is an untested bonanza-grade epithermal system we are targeting at depth. The extent of the gold mineralization as defined by various historical work programs, the intensity of the alteration and our observations of certain mineral textures - such as bladed silica after calcite and comb quartz - over various parts of the large 30 square kilometre Caldera project all provide strong encouragement for our planned deep drilling program. Our decision to expand the soil program speaks to our confidence that the new multi-element soil data will be fundamental to select the most promising drill targets."

    "Previous explorers at Caldera encountered sporadic but good gold grade results over widths of 5 to 20 feet as they searched for a shallow bulk tonnage gold deposit. However, they never drilled deeper than 200 metres, and generally only to 100 metres." Mark Fields continues, "I believe our plan to drill to 300 to 500 metres to reach the boiling zone where gold and silver would be deposited in a low sulphidation epithermal system is well founded. I am excited by the number and quality of targets we are evaluating for our drill program."

    The 100% optioned Caldera Gold Project was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States (www.genesisgoldcorp.com), the foundation of which are the claims first staked by Zsolt Rosta."
    Genesis Gold uses cutting edge technology to generate precious metal prospects. We have a list of Nevada gold exploration properties available for sale and lease.
    Genesis Gold uses cutting edge technology to generate precious metal prospects. We have a list of Nevada gold exploration properties available for sale and lease.
    www.genesisgoldcorp.com
  • H
    Harold
    More moves by management to prepare for drilling on the Caldera project. Hopefully, this summer will see action although probably a PP will be needed to finance the work.
    "Discovery Harbour") is pleased to announce positive progress towards receiving the required permits for a drill program on its Caldera gold project in Nevada. The Company has also negotiated improved property terms.

    The United States Forest Service ("USFS") has completed its review of the Exploration Plan of Operations ("the Plan") submitted by the Company (see News Release, April 8, 2020) in furtherance of the planned Caldera drill program. The USFS has determined the Plan meets the regulatory requirements to proceed with its environmental review. To conduct this review, the USFS has determined that only an archaeological survey will be required. The Company has engaged a Nevada contractor and expects that the required archaeological work will be completed within the next few weeks, at which point a report will be prepared and submitted to the USFS. The environmental review identifies the level of environmental impact and determines the form of impact assessment. Once a determination is made, the final environmental impact assessment will be completed. Future drilling will be subject to further USFS and other regulatory approvals.

    Mark Fields, the President and CEO of the Company, comments, "We are pleased that our permitting is proceeding in a timely manner. We are on track to undertake a drill program this fall, subject to financing and final regulatory approvals. The Plan includes testing up to 10 drill targets in five separate mineralized areas. Our strategy is to drill 100 to 300 metres deeper than any previous drilling on the Caldera project. We believe the high-grade gold occurrences historically drilled over significant widths at or near surface were deposited by a deeper, potentially high grade, low sulphidation epithermal gold system. The planned drill program will be the first test to the necessary depth." (See News Releases, April 8, March 4, February 10, January 9, 2020).

    The Company is also pleased to announce an amendment to the Company's property option agreement to acquire a 100% interest in the Caldera project, subject to advance minimum royalty payments and a 2% retained royalty. In light of the market uncertainty caused by the COVID-19 pandemic, the Optionor and Discovery Harbour have agreed that the US$100,000 Advance Minimum Royalty payment due in November this year will be amended such that US$50,000 will be paid in November and US$50,000 will be payable 6 months later.

    Mark Fields comments, "We continue to appreciate the co-operation and positive relationship we have with our Option partner, Genesis Gold Corporation and the Rostas."

    The 100% Discovery Harbour-optioned Caldera property was generated by Don Merrick and John Zimmerman of Genesis Gold Corporation, a private Utah company specializing in gold exploration in the Western United States (www.genesisgoldcorp.com), the foundation of which are the claims first staked by Zsolt Rosta.
    Genesis Gold uses cutting edge technology to generate precious metal prospects. We have a list of Nevada gold exploration properties available for sale and lease.
    Genesis Gold uses cutting edge technology to generate precious metal prospects. We have a list of Nevada gold exploration properties available for sale and lease.
    www.genesisgoldcorp.com
  • H
    Harold
    A very lengthy, detailed list of DHR drilling targets published today. Here are some highlights much more in their release
    " Discovery Harbour Describes Drilling Targets Submitted for Permitting
    2020-08-31 08:00 CT - News Release
    DHR Close 2020-08-28 C$ 0.12
    Vancouver, British Columbia--(Newsfile Corp. - August 31, 2020) - Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the "Company" or "Discovery Harbour") is pleased to provide a detailed description of targets for the 10 drill sites in five separate mineralized areas. Further to the Company's June 3, 2020 press release, it has submitted an Exploration Plan of Operations (the "Plan") to the United States Forest Service ("USFS") to advance the Company's planned drill program at the Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.
    Mark Fields, the Company's President and CEO, states, "Our plan is to drill 100 to 300 metres deeper than any previous drilling for which we have records on the Caldera gold project. We have selected 10 targets from no less than 33 targets within five of the eight distinct gold mineralized areas at Caldera. Figure 1 outlines the locations of the 10 drill sites (A through J), each having the potential to deliver a significant high grade intercept. Our recent In order to facilitate the permitting procedure, Discovery Harbour has elected to apply for only the most easily accessible target requiring minimal road preparation within the Calista area, which is shown as "A" in Figure 1 above.
    In the immediate vicinity of "A" the following results supported its selection for drilling:
    • Historical drill holes all intersected low grade gold mineralization, indicative of the gold bearing system in this area of the Caldera property;
    • Drill hole GN97-3 intersected 3.3 m@3.19 g/t gold ("Au"), from 43.9-47.0m;
    • Rock results from old workings and exposures include the following gold and silver assays: 8.2g/t Au, 4.93 g/t Au and 72 g/t silver ("Ag"), 15.6 g/t Au and 448 g/t Ag, 3.325 g/t Au and 203 g/t Ag, 2.98 g/t Au and 145 g/t Ag, 8.22 g/t Au and 217 g/t Ag.
    • The high silver ratio is an additional interesting and promising aspect of this target;
    • Historical soil sampling had anomalous gold;
    • The strong, continuous structure is often comprised of silicified fault breccia material.
    Darius (Drill Sites "B" and "C")
    The Darius area contains a total of eight targets. There are a number of structural trends that, in contrast to the Calista area, trend more northerly at approximately 340 degrees.
    Application has been made for a permit to drill two sites in the Darius area, shown as "B" and "C" in Figure 1 above.
    In the immediate vicinity of "B" the following results supported its selection for drilling:
    • No historical drill holes. Two historical vertical drill holes in the area would not have tested this target, so that the target is untested by any historical drilling;
    • There is minimal outcrop in the area. One rock sample did assay 6.24 g/t Au;
    • Soil sampling had anomalous Au, Ag, as well as arsenic and mercury that were coincident with mapped structure in this area;
    • Of particular interest is that the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
    In the immediate vicinity of "C" the following results supported its selection for drilling:
    • There is minimal outcrop in the area. One rock sample did assay 4.13 g/t Au;
    • Soil sampling had a long anomalous Au anomaly, as well as arsenic, antimony and mercury;
    • As with target "B", the anomalous Au, Ag in soils corresponds to bladed silica after calcite, a mineral texture supportive of the gold system being intact below surface.
    Faustus (Drill Sites "D" and "E")
    The Faustus area contains three targets. Targets within this area demonstrate two contrasting structural trends, one being northwesterly and the other northerly. The Faustus area also marks the southeast extent of a regional magnetic low that underlies much of the Caldera property, which Discovery Harbour has interpreted to represent the alteration zone associated with the low-sulphidation epithermal system
  • H
    Harold
    Finally. a fixed PP to provide the money to pay for the necessary drilling to prove the value of the Caldera holdings. Remember, the assays are the true value. Ignore reported visual results.
    " "Discovery Harbour") is pleased to announce a non-brokered private placement consisting of the issuance of up to 54,545,455 units (each, a "Unit") at a price of $0.055 per Unit for gross proceeds of up to $3,000,000 (the "Offering"). Insiders, as that term is defined in the policies of the TSX Venture Exchange, may participate in the Offering.

    Each Unit will consist of one common share of the Company (each, a "Share") and one common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one Share at a price of $0.10 per Share for a period of three years following the closing of the Offering (the "Closing"). The Offering is scheduled to close on or before July 17, 2020.

    Finders' fees may be payable in connection with the Offering in accordance with the policies of the Exchange.

    All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

    The aggregate gross proceeds from the sale of the Offering will be used to conduct further work, including a planned drill program on high priority targets on the Company's Caldera epithermal gold project in southern Nevada, to pay outstanding debt, and for general working capital.

    None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Discovery Harbour Resources Corp.

    Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada."
  • H
    Harold
    Everything now in place to begin the necessary drilling!! Remember, don't trust any "visual" reports as being reliable. Only the ASSAYS will tell us the true value of the property!! All things crossed in hopes of favourable gold results. Its been a long hold for me as an original investor.
    ""Discovery Harbour") is pleased to announce it has closed its fully subscribed non-brokered private placement for $3 million with a lead order from Palisades Goldcorp Ltd. and a co-lead order by AlphaNorth Asset Management. The company issued 54,545,455 units (each, a "Unit") at a price of $0.055 per Unit for gross proceeds of $3,000,000 (the "Offering"). Unless otherwise noted, all amounts noted in this news release are in Canadian dollars.

    Each Unit consists of one common share of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of $0.10 per Share for a period of three years following the closing of the Offering (the "Closing").

    In connection with the Offering the Company paid cash fees of $161,403 and issued 2,934,605 Warrants exercisable at $0.10 for a period of three years from closing to certain finders.

    Certain insiders of the Company participated in the Offering. The issuance of Units to insiders of the Company pursuant to the Offering is considered a related party transactions within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The Company intends to rely on exemptions from the formal valuation and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation, based on a determination that fair market value of the participation in the Offering by insiders will not exceed 25 per cent of the market capitalization of the Company, as determined in accordance with MI 61-101.

    The Units issued on Closing are subject to a four-month hold period under Canadian securities law. Aggregate gross proceeds from the sale under the Offering will be used for (i) a planned drill program on high priority targets on the Company's Caldera epithermal gold project in southern Nevada, (ii) to repay outstanding debt, and (iii) for general working capital purposes.

    Mark Fields, President & CEO comments "We are very pleased with the strong response to our offering and it was unfortunate that we were not able to accommodate all the interest expressed. I am very much looking forward to the planned Caldera drill program which is now fully funded. Discovery Harbour will now have the opportunity to drill deeper than any previous drilling at Caldera including, at selected specific targets, to a depth of approximately 300 metres or more. I'd like to extend my thanks to all the current shareholders who participated and welcome our new investors. We look forward to effectively and efficiently drilling our Caldera targets."

    None of the Units issued will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    About Palisades Goldcorp
    Palisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

    About AlphaNorth Asset Management
    AlphaNorth Asset Management is a Toronto based investment manager. AlphaNorth believes that superior long term equity returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection. The firm combines technical analysis with both a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities.

    About Discovery Harbour Resources Corp.
    Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.
  • H
    Harold
    Management continues to increase the size of their holdings in Nevada.
    Let's hope drilling this fall proves the value of their holdings.
    ""Discovery Harbour") is pleased to announce that it has staked additional mineral claims at its Caldera gold project, which lies in a fertile gold region at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

    Based on the results of the soil sampling program (see news release January 21, 2020) Discovery Harbour has further expanded its Caldera gold project by four mineral claims. The claims were added to cover prospective areas defined by anomalous gold and pathfinder element (arsenic, antimony and mercury) anomalies outlined in the soil sampling program. The new claims are contiguous to the south of the Faustus mineralized area where historic drilling intercepts returned 4.45 g/t gold over 7.6m and 7.36 g/t gold over 6.1m. Three gold targets have been previously identified, including two sites (D and E) being permitted for the upcoming drill program. These new claims cover the southeastern inferred trend of the northwesterly-southeast structural direction that the Company believes is a key feature controlling the gold mineralization. The Caldera property covers over 30 square kilometres, now comprised of 264 mineral claims.

    Mark Fields, the Company's President and CEO, states, "Since acquiring the Caldera gold project in 2016 Discovery Harbour has expanded the property three times. Each phase of work we undertake at Caldera increases our understanding of the structural and alteration patterns related to the significant gold mineralization encountered and boosts our confidence in the bonanza grade potential of this project."

    The Company is in the drill permitting process and anticipates that it will begin its drill program this fall on the first 10 of 33 targets at Caldera"
  • H
    Harold
    OUT OF THE BLUE A VERY INTERESTING NEW PROJECT SIGNED WITH A MAJOR GOLD COMPANY TO DEVELOP ANOTHER PROJECT IN NEVADA.
    " (the "Company" or "Discovery Harbour") is pleased to announce it has entered into an option and earn-in agreement ("the Agreement") with Newcrest Resources, Inc., a wholly owned subsidiary of Newcrest Mining Limited ("Newcrest") on the Fortuity 89 property in Nevada.

    Discovery Harbour holds the early stage epithermal gold Fortuity 89 property, which covers close to 34 square kilometres and is located approximately four kilometres west of Discovery Harbour's Caldera property. Fortuity 89 is characterized by limited outcrop in a large gravel covered plain. The limited outcrop is strongly altered and other indications are consistent with the area being high in a potentially gold bearing epithermal system.
    The basic terms of the Agreement for Newcrest to earn an interest are:

    Phase Expenditures
    (US$) Interest Earned by Newcrest (%) Total Time for Each Stage
    Initial $ 1,500,000 Nil 12 months
    I $10,000,000 51 Up to 24 months
    II $20,000,000 65 Up to 24 months
    III Completion of Positive Preliminary Economic Assessment in accordance with NI 43-101 (based on minimum of 1M oz gold) 75 Up to 24 months

    Notes:

    The initial US$1,500,000 is a minimum commitment ("Minimum Commitment"); Phases I, II and III are at Newcrest's election to proceed. Should Newcrest elect to continue to Phase I, it shall also pay to Discovery Harbour US$250,000. Newcrest can withdraw from the Agreement any time after meeting the Minimum Commitment.
    The cumulative expenditure through to the end of Phase II is US$31,500,000. Any excess expenditures from a previous phase will be applied to the subsequent phase.
    Newcrest may extend the Phase III period by 12 months by paying Discovery Harbour US$500,000.
    At the end of Stage III, if Newcrest earns a 75% interest it then must acquire Discovery Harbour's 25% interest at a fair value based upon parameters using standard industry valuation methods.
    If Newcrest earns a 65% interest in Phase II, but elects to not proceed to completion of Phase III, the respective participating interests in the joint venture will revert to Discovery Harbour owning 51% and Newcrest owning 49%.
    Discovery Harbour will retain a 2% Net Smelter Return ("NSR") royalty in a designated area of the joint venture area, that Newcrest has the right to buy down 0.5% at fair value after completion of Phase III.
    During the option and earn-in period, Newcrest will reimburse Discovery Harbour for advance royalty payments that Discovery Harbour must pay under the Option to Purchase Agreement for its Caldera and Fortuity 89 properties.
    Mark Fields, the Company's President and CEO, states, "We are very pleased to have Newcrest as a partner on Fortuity 89 to advance this promising area in a timely manner. I am particularly pleased to welcome Newcrest given their well recognized global expertise in epithermal gold deposits. I believe they will effectively mobilize the necessary resources to advance Fortuity 89 from its current early exploration stage compared to our Caldera property."

    Mark Fields continued, "Discovery Harbour will continue to focus its efforts on the drill targets we have developed at Caldera. The Fortuity 89 agreement with Newcrest further validates Discovery Harbour's view that this area and Caldera host promising low sulphidation epithermal gold targets. As previously announced (see Discovery Harbour news release, January 7, 2021) it is currently expected that the necessary drill permits will be in place for a summer drill program on a series of well-defined prospective targets on Caldera."

    Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news releas

    About Discovery Harbour

    Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

    About Newcrest

    Newcrest Mining Limited (ASX, TSX, PNGX: NCM) is one of the world's largest gold mining companies. Its purpose is to create a brighter future for people through safe and responsible mining. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects - predominantly in the Asia-Pacific and North and South America."
  • H
    Harold
    OUR WAIT IS OVER. FINALLY, APPROVAL RECEIVED SO THAT DRILLING CAN BEGIN IN NEVADA. LET THE GAME BEGIN.
    ""Discovery Harbour") is pleased to announce that the United States Forest Service ("USFS") has concluded its review of the drill permit application with a positive decision for the epithermal gold Caldera property in Nevada. The positive USFS Decision Memo provides approval of the Company's Plan of Operations for Discovery Harbour to undertake a drill program on up to 10 drill targets this summer (for a description of the drill targets please refer to the Company's website, www.discoveryharbour.com, and the news release of August 31, 2020). The Company has engaged a drill contractor and is finalizing all necessary arrange ments. In connection with the drill permit, the Company is making arrangements to post a $49,200 bond, a standard condition for a drill permit of this type. The Company expects to confirm all necessary logistics and contractors in order to begin drilling in August.

    Mark Fields, the Company's President and CEO, stated, "We are very pleased to receive the positive drill permit decision. It has been a longer process than we anticipated, however, we have used the time to carefully prepare for the drill program. We are fully funded to drill test a series of the low sulphidation epithermal gold targets at depths substantially deeper than any historical drilling at Caldera. I would like to thank our shareholders for their patience as we worked our way towards this drill program."

    Mark Fields continues, "It is an exciting time with both the Caldera and Fortuity 89 properties advancing. We can now confirm our drill plans for Caldera, and Newcrest is rapidly advancing activity on the Fortuity 89 property through their evaluation and target identification for a drill program (see Discovery Harbour news releases, March 9, 2021 and April 12, 2021). The properties are only a few kilometres apart with similar geology and gold deposition models."

    Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technical contents of this news release.

    About Discovery Harbour
    Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera, a low sulphidation epithermal gold project in Nevada. Additionally, Discovery Harbour has an agreement with Newcrest Resources, Inc on its Fortuity 89 property in Nevada.

    About Newcrest
    Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is one of the world's largest gold mining companies. Its purpose is to create a brighter future for people through safe and responsible mining. Newcrest owns and operates a portfolio of predominantly low cost, long life mines and a strong pipeline of brownfield and greenfield exploration projects - predominantly in the Asia-Pacific and North and South America."
  • J
    Joga
    Where can i buy this?
  • H
    Harold
    Management releases news regarding further results of drilling on Nevada project.Shareholders should read full report.
    Here are excerpts" DISCOVERY HARBOUR ANNOUNCES THREE NEW PRIORITY TARGETS ON CALDERA GOLD PROJECT, NEVADA
    Discovery Harbour Resources Corp. has provided further descriptions of specific areas on the Caldera gold project in Nevada, including three new priority targets. The Company is in the process of integrating the recently released detailed soil sampling results with historical data, including shallow drilling, rock sampling, mapping and structural data, to evaluate and prioritize targets for the drill program planned for this year. The Company has identified three new targets in the Darius Area, bringing the total to 33 prioritized targets that are being considered for drilling in eight separate Areas, lying within the 30 square kilometer project area. These targets have been systematically ranked with the current data in the context of a high grade - low sulphidation epithermal gold model. Discovery Harbour will focus on high grade gold-silver targets that management interprets to lie in the 300 to 500m depth interval.
    Eight Areas
    The Company has described the eight Areas throughout the 30 square km Caldera property (See Figure 1, also the Company's January 8, 2020 news release). Today's news release provides specific descriptions of the Calista, Darius and Electra Areas, which contain 13 separate targets.
    Calista Area

    The Calista Area contains three vein target trends, oriented northwest at 300degree strike, defined by historic prospecting pits, underground workings and multi-gram gold in surface samples. The structure extends in excess of 1.5km. Historical shallow drilling (10 holes, ranging in vertical depth from 104 m to 194 m) in this Area intersected anomalous gold, but the structures remain largely untested. The Calista Area structures are strongly developed with a long strike extent, significant alteration, and associated high grade rock samples. The shallow drilling along one structure demonstrates there is consistent low grade gold mineralization that Discovery Harbour interprets to lie structurally above a bonanza zone at depth. These various attributes strengthen Discovery Harbour's conviction that deep drilling is required to test the high grade potential of this zone.Darius Area

    The Darius Area now contains three new targets, for a total of eight targets. There are a number of structural trends that, in contrast to the Calista Area, trend more northerly at approximately 340 degrees. While the Darius Area contains numerous multi gram gold rock samples including 17 g/t gold and 11 g/t gold in two separate locations, there has only been minimal drilling on three of the targets.

    An outcome of Discovery Harbour's continuing data compilation and integration are three new targets in the Darius Area. One has been identified by the recognition of a poorly exposed trend of vein float containing bladed silica after calcite situated near the valley bottom that follows a similar 340 degree trend. The bladed habit corresponding with the lower elevation supports the epithermal model with a bonanza gold zone lying at depth. The second new target includes a rock sample of 17g/t gold associated with a prominent structural trend supported by a gold in soil anomaly and has not been tested by the historic drilling. The third new target is based on a rock sample of altered tuff grading 11 g/t gold where historical shallow drilling intersected 3.1 g/t gold over 3 metres.

    Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered the southern two thirds of the Darius Area and outlined multi-element anomalies including gold, silver, arsenic, antimony and mercury. Coherent anomalies, extending over a distance of 1500m, defined by >25 parts per billion ("ppb") Au and >50 ppb Au coincide with the identified structures. A parallel > 50 ppb Au in soil anomaly, over 1000m in length, lies further east and coincides with the distribution of bladed silica after calcite. The very limited drilling in the bladed silica area highlights this as a compelling new target.

    Electra Area

    The Electra Area contains two targets and is highlighted by well developed quartz veins that are exposed in historic workings and in outcrops along a prominent ridge. Historic drill hole EG-26, which appears to have been drilled subparallel to this vein possibly failing to intersect it, still intersected 6.1 metres grading 2.33 g/t gold from 65.1 to 71.2 metres. Other historical shallow drill holes also failed to adequately test the vein structures.

    Phase 1 of the detailed soil sampling program (see January 21, 2020 news release) covered this Area and again successfully outlined multi-element anomalies including, silver, arsenic, antimony and mercury. Associated gold anomalies indicate favourable potential to the southeast beyond the current areas of known mineralization.

    The 100% Discovery Harb
  • H
    Harold
    Management rewards insiders and employees before hoped for proven resources of the GOLD play. Nice work if you can get it
    "
    . Discovery Harbour Resources Corp. (TSXV: DHR) (the "Company" or "Discovery Harbour") announces that it has allocated 3,250,000 stock options to directors, employees and consultants of the Company that are exercisable at $0.12 per common share for a five year term.The stock options are subject to the acceptance of the TSX Venture Exchange.About Discovery Harbour Resources Corp.Discovery Harbour is a Canadian TSX Venture Exchange listed company (TSXV: DHR) focused on sourcing, exploring and developing mineral properties, with a strategic focus on gold projects, in order to enhance shareholder value. Its current focus is the Caldera low sulphidation epithermal gold project in southern Nevada.ON BEHALF OF THE BOARD OF DISCOVERY HARBOUR RESOURCES CORP."Mark Fields"Mark FieldsPresident and Chief Executive OfficerContact:Rodney Stevens604-765-8657Neither the 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."
  • H
    Harold
    First tranche of Financing completed
    "Discovery Harbour") is pleased to announce that, further to its news release of February 3, 2020, the Company has closed the first tranche of its non-brokered private placement ("Offering") to raise gross proceeds of $187,500 (the "First Tranche") through the sale of 1,875,000 units priced at $0.10 per unit (each a "Unit"). Each Unit consists of one common share of the Company (each, a "Share") and one half common share purchase warrant, with each whole warrant (each, a "Warrant") entitling the holder to purchase one additional Share at a price of $0.15 for a period of two years from the closing date, subject to an acceleration provision of the Company whereby, if for any ten (10) consecutive trading days the closing price of the Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 at any time commencing (4) months after the closing date and until their expiry date, then the remaining term of the Warrants will be reduced to thirty (30) days, commencing seven (7) days from the end of such ten (10) consecutive trading day period. The Company expects to complete the balance of the Offering on or before March 19, 2020.

    All securities issued in the First Tranche are subject to a four month hold period expiring June 26, 2020.

    Finder's fees of 6% cash ($9,450) and 6% finder's warrants (the "Finder's Warrants") (94,500 Finder's Warrants) were paid to registered representatives on $157,500 of the First Tranche. Each Finder's Warrant is exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance.

    The Company plans to use the proceeds from the Offering for development of the Company's Caldera project and for general working capital.

    Completion of the Offering is subject to the approval of the Exchange. Any participation by insiders in the Offering will constitute a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

    None of the securities sold in connection with the private placement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
  • H
    Harold
    PP final acceptance. Nice to se large insider participation. Usually a good sign
    "Discovery Harbour 54,545,454-share private placement

    2020-07-23 17:46 CT - Private Placement
    Shares issued 39,672,840
    DHR Close 2020-07-23 C$ 0.105

    The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced June 29, 2020.

    Number of shares: 54,545,454 shares

    Purchase price: 5.5 cents per share

    Warrants: 54,545,454 share purchase warrants to purchase 54,545,454 shares

    Warrant exercise price: 10 cents for a three-year period

    Number of placees: 117 placees

    Insiders: Rodney Stevens, 463,636; Jason Cubitt Holdings Inc. (Jason Cubitt), 200,000; MC Fields Ventures Inc. (Mark Fields), 700,000; AlphaNorth Asset Management, 10 million

    Total pro group involvement: 3,895,000 (14 placees)

    Finders' fees: $33,000 and 600,000 broker warrants, payable to AlphaNorth Asset Management; $73,699.69 and 1,339,994 broker warrants, payable to Haywood Securities Inc.; $4,075.50 and 74,100 broker warrants, payable to Leede Jones Gable Inc.; $14,889.11 and 270,711 broker warrants, payable to Pl Financial Corp.; $35,739 and 649,800 broker warrants, payable to Canaccord Genuity Corp. (The broker warrants are exercisable at 10 cents for a period of three years.)
  • H
    Harold
    A major discussion from management regarding past exploration of the Caldera Gold project in Nevada and proposed targets and work to be done this year.
    A lengthy discussion. Shareholders should read it all-link to web site for complete discussion