New Destiny Mining (TSXV:NED) Confirms Copper Mineralization at Treasure Mountain with Promising Drill Results

New Destiny Mining (TSXV:NED) has provided an update on its 2024 exploration program at the Treasure Mountain project, located near Princeton, British Columbia. The company has completed six drill holes so far, totaling 1,060 meters, within the Railroad area of the property, which is known for copper-silver mineralization.

The most recent drilling, designated as Hole 6 (TMN24-06), targeted a significant magnetic anomaly identified in regional survey data. This anomaly, centered just north of the Railroad zone, measures approximately one kilometer in diameter and is believed to be caused by an intrusion at depth. The drilling aimed to investigate the potential for a mineralized porphyry intrusive that could serve as the source for the copper mineralization observed in the Railroad zone.

Hole 6 intersected a mineralized zone extending from 19.33 meters to 26.93 meters, with a total thickness of 7.6 meters. This zone contained disseminated, veinlet, and breccia-hosted chalcopyrite and pyrite, with mineral content estimated at 1-2% for each mineral. Adjacent to this mineralized zone, the drill encountered a 7.3-meter interval of altered porphyry dike. The hole reached a total depth of 429.3 meters, intersecting multiple altered felsic porphyry dikes along the way. A total of 24 intervals, or 70.6 meters (16% of the hole), consisted of altered felsic porphyry, supporting the presence of porphyry intrusive related to the magnetic anomaly.

Hole 6 was strategically drilled beneath a known copper soil anomaly that was identified during a 2015 soil survey. This anomaly extends to the limit of the survey and includes copper values as high as 730 ppm. The data from Hole 6 confirms that the copper mineralization and porphyry intrusives are related to the magnetic anomaly detected in the survey.

Following Hole 6, New Destiny Mining is moving forward with drilling Hole 7, which targets another area of anomalous copper in soils, with values reaching up to 112 ppm. This site is located southeast of the Railroad adits. The area had previously remained untested due to swampy conditions that hindered trenching efforts in 2019. However, visible malachite copper mineralization in a nearby road cut has further justified this drill target.

The Treasure Mountain property spans 10,819 hectares and is situated 38 kilometers west of the Copper Mountain mine in Princeton. The property holds potential for critical minerals in porphyry copper-molybdenum deposits, as well as gold-quartz vein and polymetallic silver-rich vein deposits. The company emphasized that while historical records have been reviewed, further work is required to verify their accuracy.

 

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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