Business
Discovery Harbour Caldera Drill Permit Still Pending
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Discovery Harbour Resources ...
About this update from Discovery Harbour Resources Corp.
[{"type":"text","content":"Discovery Harbour Caldera Drill Permit Still PendingVancouver, British Columbia--(Newsfile Corp. - January 7, 2021) - Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the \"Company\" or \"Discovery Harbour\") is updating the status of its Caldera drill permit under its Exploration Plan of Operations (the \"Plan\") from the United States Forest Service (\"USFS\"). The Company has been in regular contact with the USFS which, the Company understands, has not identified any issues or concerns. However, the process remains under review due to the required input from various parties. Because of anticipated spring drilling restrictions attached with the final drill permit approval and the length of time for the drill permit approval process, the Company believes that it will not be able to initiate the planned drill program until summer of this year. Mark Fields, the Company's President and CEO, states \"The delay in receiving the drill permit has been very disappointing for the Company. However, we continue to work with the USFS so that we can initiate the drill program upon receipt of the drill permit. The Company's news release on August 31, 2020 provides a detailed description of the 10 selected drill targets (A through J on the diagram below) from no less than 33 identified drill targets within five of the eight distinct gold mineralized areas at Caldera. The targeting includes two or more prospective structures (drill sites A to E and F to J). We remain fully funded to undertake the planed drill program.\"TEN DRILL SITES SUBMITTED FOR PERMITTING (Figure 1)To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1559/71521_b95d5e424434a96d_001full.jpgDiscovery Harbour also notes that Metalla Royalty and Streaming Ltd. (www.metallaroyalty.com), has purchased a 1% net smelter royalty from an original underlying vendor of the Caldera property (see Metalla's news release dated December 14, 2020).Mark Fields, the Company's President and CEO, noted \"We welcome Metalla as a new underlying royalty holder on Caldera, which we believe is an additional measure of confidence in the discovery potential of the Company's planned Caldera drill program.\"Mark Fields, P.Geo., is the Qualified Person for Discovery Harbour as defined in NI 43-101 and has reviewed and approved the technica...