Business
Wabassi Joint Venture Partner Comments on the Agreement between the Province of Ontario and Matawa First Nations
/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES NEWSWIRE SERVICES...
About this update from Discovery Harbour Resources Corp.
[{"type":"text","content":"\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER THE UNITED STATES\n NEWSWIRE SERVICES./\n\n\nVANCOUVER, April 1, 2014 /CNW/ - Discovery Harbour Resources Corp (51%\n owner & Operator of the Wabassi Project, Northwestern Ontario) (\"DHR\"\n or the \"Company\") (TSX-V:DHR) is pleased that a framework agreement was\n entered on March 26, 2014, between the nine Matawa-member First Nations\n and the Province of Ontario to move forward with a negotiation process\n on a community-based regional approach to development in the Ring of\n Fire mineral province. This will include development of an access\n corridor which is planned to pass through the Wabassi Joint Venture's\n claim group located between Eabametoong and Marten Falls settlements.\n\n\n\"We are encouraged that the initial step has been taken between the two\n groups. We understand that numerous logistical and political challenges\n lie ahead, but that the infrastructure development to serve the\n northwestern Ontario First Nations communities and the Ring of Fire\n will stand as a monumental benefit to all of Ontario, once completed,\"\n said Frank Hegner, President and CEO of the Company. \"We believe that\n perseverance and fairness in these negotiations with all concerned will\n ultimately result in a very positive outcome.\"\n\n\nDiscovery Harbour and its joint venture partners, Northern Shield\n Resources (TSX-V: NRN) and Great Lakes Resources, a private company,\n completed their fall, 2013 exploration program in December 2013.\n To-date, the group has discovered two polymetallic VMS (volcanogenic\n massive sulfide) systems and two shear zone-hosted gold systems with 32\n exploration drill holes. Twenty-two untested priority massive sulfide\n targets remain to be explored (see Discovery Harbour press release\n dated October 11, 2013). www.sedar.com\n\n\nMr. Hegner comments further stating, \"Importantly, the proposed route to\n the Ring of Fire bisects the property and the group's claims block\n contains approximately 11.8 kilometers of the proposed route. Although\n DHR may have other options for the development of these and future\n discoveries within Wabassi, the construction of the planned\n infrastructure will benefit our assets there tremendously.\"\n\n\nMichael J. Senn, a licensed professional geologist, is the Qualified\n Person for Discovery Harbo...