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  • Discovery Harbour (DHR) announced the permit application for its Caldera property in Nevada has been approved
  • The low sulphidation epithermal gold project is located at the intersection of the Walker Lane and Northumberland Gold Belts
  • The United States Forest Service has concluded its review of the drill permit application with a positive decision.
  • The company expects to confirm logistics and contractors in order to begin drilling in August
  • Discovery Harbour Resources is up 33.33 per cent, trading at C$0.10 at 12:27 pm ET

Discovery Harbour (DHR) announced the permit application for its Caldera property in Nevada has been approved.

The United States Forest Service has concluded its review of the drill permit application with a positive decision.

The low sulphidation epithermal gold project is located at the intersection of the Walker Lane and Northumberland Gold Belts northwest of Tonopah, Nevada.

The Vancouver-based mineral resource company expects to confirm logistics and contractors in order to begin drilling in August. The company has engaged a drilling contractor and is finalizing all necessary arrangements.

The permit approval gives the company approval to undertake a drill program on up to 10 drill targets this summer.

"We are very pleased to receive the positive drill permit decision. It has been a longer process than we anticipated, however, we have used the time to carefully prepare for the drill program. We are fully funded to drill test a series of the low sulphidation epithermal gold targets at depths substantially deeper than any historical drilling at Caldera.

I would like to thank our shareholders for their patience as we worked our way towards this drill program. It is an exciting time with both the Caldera and Fortuity 89 properties advancing. We can now confirm our drill plans for Caldera, and Newcrest is rapidly advancing activity on the Fortuity 89 property through their evaluation and target identification for a drill program. The properties are only a few kilometres apart with similar geology and gold deposition models," said Discovery Harbour President and CEO Mark Fields.

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. Its current primary focus is to undertake a drill program on Caldera.

Discovery Harbour Resources is up 33.33 per cent, trading at C$0.10 at 12:27 pm ET.

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