New Destiny Mining Receives Rock Sample Results 11.3 g/t Gold, 14.5 g/t Silver & 1175 g/t Copper 8.81 g/t Gold, 14.45 g/t Silver & 165 g/t Copper Treasure Mountain Silver Property, Southern British Columbia
TSX-V : NED
Vancouver, British Columbia – July 26, 2018 – New Destiny Mining Corp. (TSX-V: NED), (the “Company” or “NED”) is pleased to announce it has received the first batch of analytical results from the 2018 summer program on the Treasure Mountain Silver, Precious – Base Metals, Property in BC.
The rock sampling was focused around areas of historical workings and mineral occurrences in the eastern part of the property. Due to an above average snowpack and a cooler spring, showings at higher elevations were still inaccessible. Parts of the Jim Kelly creek, Railroad creek and Tulameen river showings were accessible.
Rock sampling was carried out on the Railroad Creek Copper showing that consists of historical workings that follow copper mineralization. The Superior mineshaft on the bank of Jim Kelly creek was also located and sampled. The mineshaft follows a gold and silver bearing quartz vein. Another mineral occurrence also referred to as the Superior (or Lucky Todd) was located and sampled in the Tulameen river area. This showing consists of hand dug trenches on a porphyry dyke. Listed below are the highlights from the rock sampling program. The samples listed below are either outcrop or subcrop grab samples (grams per tonne or g/t).
The rock samples were analyzed by ALS Canada Ltd. (North Vancouver laboratory). The samples were analyzed for gold by Fire Assay – AA and for 48 elements by four acid ICP-MS.
A more detailed work program is planned for these showings. Currently work is underway on prospects at higher elevations.
The Treasure Mountain Silver property hosts multiple occurrences of silver, gold, lead, zinc and copper; and two copper – molybdenum occurrences. Copper and nickel mineralization is also reported locally in the northern region of the property. In addition, the property partially surrounds the Treasure Mountain property of Nicola Mining Inc. which hosts polymetallic veins and the historic Treasure Mountain silver-lead-zinc mine.
Some highlights of reported historic work within the Treasure Mountain Silver property include (as per British Columbia MINFILE and Mineral Assessment Report Records):
- Rainy (Cedarflat) occurrence (north-central region): 2011 grab samples from rock piles near an adit were reported to return 6.5, 7.4 and 11.9% zinc.
- Spokane (northeast region near Jim Kelly creek): A sample reported in 1913 of 4.11 g/t gold over 0.9 meters across the zone.
- John Bull (northeast region near Jim Kelly creek): A channel sample reported in 1937 of 9.6 g/t gold over 0.18 meters across a quartz vein.
- Railroad creek area copper showing ( east region north of Railroad creek): Two 2011 grab samples from rock piles near adits were reported to exceed 1% copper and up to 76.4 g/t silver.
- Rio Grande (southeast region): A 1.5 meter chip sample across a shear zone was reported in 1929 to return 1.2% zinc.
Readers are warned 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 assays referred to in this News Release are accurate.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS,
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