Vancouver, Canada, November 21st, 2017 – New Destiny Mining Corp. (“New Destiny” or the “Company”) (TSX-V Symbol: NED) is pleased to announce the completion of a fall prospecting, soil sampling and deep soil auger drilling program on the Treasure Mountain Silver Property in the Similkameen and / or New Westminster Mining Divisions. New Destiny’s Treasure Mountain Silver Property covers 10,700 hectares of geologically prospective ground adjacent to Nicola Mining Inc.’s Treasure Mountain Property (site of the historic Treasure Mountain Silver-Lead-Zinc mine). The Treasure Mountain Silver Property hosts at least seven gold, silver, lead, zinc and / or copper B.C. MINFILE occurrences in various regions. These include gold-quartz vein, polymetallic veins and porphyry type showings. Some of these mineral occurrences have associated historic underground workings. The Property occurs within the Intermontane Tectonic Belt, which hosts numerous porphyry copper deposits.
The fall 2017 program was conducted in the eastern region of the property in the area of gold bearing quartz veins discovered by the Company in 2016 and a BC Minfile gold occurrence.
The objective of the recent exploration program was to follow up on the results from the 2016 fall prospecting program. The 2016 program located an area of quartz veining in the east region of the property with grab samples returning anomalous gold values (samples of 0.51 and 1.15 g/t gold). The two vein exposures discovered in 2016 are approximately 700m apart and appear to be along a northwest strike. During the fall 2017 program, the Ximen crew collected 50 soil samples and 10 rock samples in the area between the two areas of anomalous quartz veins. In areas where the overburden was thick the crew used a deep soil auger drill to collect samples. Six such holes were completed.
The fall 2017 program also successfully located the historical Superior (also referred to Lucky Todd) Minfile occurrence, a porphyry type occurrence, in the east region of the property near Vuich Creek. A historic sample at this occurrence from a reported quartz porphyritic dyke was reported to return 0.69 g/t gold over 1.5 meters. This mineral occurrence has seen very limited modern exploration. Eight samples were collected in the Vuich Creek area.
All samples collected during the fall 2017 program have been shipped to ALS Laboratories in Vancouver, BC for gold and multi-element analysis.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
For further information on New Destiny contact Robert Birmingham, New Destiny’s President and Chief Executive Officer, at 604-783-0499.
ON BEHALF OF THE BOARD OF DIRECTORS
Robert L. Birmingham, President and Chief Executive Officer
This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and New Destiny undertakes no obligation to update such statements, except as required by law. There can be no assurance that the Proposed Transaction will be completed or, if completed, will be successful.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licenses and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, 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; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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.