VANCOUVER, British Columbia – June 28, 2024 (Investorideas.com Newswire) New Future Mining Corp. (TSXV: NED), (the “Firm” or “NED) declares it’s making ready to begin the 2024 exploration program at its Treasure Mountain venture, close to Hope, BC.
Map displaying Treasure Mountain property and targets for 2024.
“We’re excited to begin our 2024 exploration program on the Treasure Mountain venture. With the current restore of the entry highway and the promising outcomes from our earlier surveys, we’re optimistic about uncovering important mineral deposits. This 12 months’s deal with the Railroad, David, and Jim Kelly occurrences, together with our efforts on the Superior, Properly, and Rio Grande targets, underscores our dedication to advancing this venture and creating worth for our shareholders,” states Barry Brown, Director of New Future Mining Corp.
This information is paid commercial/ information disseminated on behalf of/issued on behalf of New Future Mining Corp.
About Treasure Mountain Property
The Treasure Mountain property covers 10,819 hectares and is located 38 km west of the Copper Mountain mine at Princeton in southern BC. Targets on the property embrace important minerals in porphyry copper-moly deposits, and gold-quartz vein and polymetallic silver-rich vein deposits.
The property surrounds the previous Treasure Mountain or Huldra silver mine and is totally permitted for exploration drilling and trenching. Exploration was curtailed as a result of a wash-out of the entry highway brought on by the 2021 BC atmospheric river occasion, however the highway has now been repaired. An airborne LIDAR survey was flown over your complete property to offer help for area exploration. An airborne magnetic survey is being thought-about this 12 months to find delineate porphyry-related supply intrusions and description magnetic anomalies associated to mineralization.
About Treasure Mountain Exploration Program
The 2024 program will deal with the Railroad, David and Jim Kelly occurrences, with secondary consideration directed to the Superior, Properly and Rio Grande occurrences.
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Railroad is copper-silver mineralized zone hosted in quartz sericite schist uncovered in historic adits. The prevalence is spatially associated to a regional magnetic survey anomaly that’s interpreted to be a hid porphyry intrusion. In 2019, a 1.7 metre broad pattern throughout the zone returned values of 1.06% copper and 264 grams per tonne silver. The weighted common grades for consecutive mineralized samples over a 4.2 metre width are 0.64% copper and 116.0 ppm silver. Plans are to drill check the zone and to probe for a northern extension utilizing soil geochemistry and floor geophysics.
Hand pattern displaying chalcopyrite-pyrite mineralization on the Railroad prevalence.
Picture displaying samples being collected over the alteration zone at Railroad.
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The David prospect was explored traditionally for porphyry-style copper mineralization. Mineralization consists of disseminated and fracture-filling pyrite, chalcopyrite and pyrrhotite, hosted by a chloritized diorite to hornblendite. Elevated nickel values are reported in affiliation with the Most important zone. In 1966, floor sampling of the Most important zone yielded as much as 0.20 per cent copper, 2.4 grams per tonne silver, and 0.31 per cent nickel over 29.26 metres. Diamond drilling in 1966 yielded intercepts of as much as 0.56 per cent copper over 6.0 metres, 0.25 per cent copper over 9.0 metres in drill gap 3, and 0.12 per cent copper over 18 metres in drill gap 1, all from the Northwest zone. Plans for 2024 are to re-locate and pattern the uncovered showings and consider the potential for porphyry copper and nickel-copper sulphide mineralization.
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Jim Kelly Creek is a gold vein goal. A 2018 seize pattern returned a results of 11.3 grams per tonne gold. Plans are to show the vein by trenching after which check it by drilling. Geochemical surveys are additionally being deliberate.
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Superior is a porphyry copper-molybdenum goal. Copper-gold mineralization was recognized in a number of quartz veinlets in 2019 trenches. Rock geochemical values for gold ranged as much as 1.96 ppm, copper as much as 250 ppm, and molybdenum as much as 354 ppm. A seize pattern of chosen mineralized quartz contained 3.99 ppm gold, 96.8 ppm silver, 3560 ppm copper and 45.1 ppm molybdenum.
Superior was examined in 2019 by 4 quick diamond drill holes that penetrated lower than 30 meters depth. Quartz veinlets mineralized with pyrite and chalcopyrite have been intersected. Analytical outcomes confirmed elevated copper and molybdenum values, with copper ranging as much as 833 ppm and molybdenum ranging as much as 88.3 ppm. The supply intrusion associated to the copper-gold-molybdenum mineralization has but to be recognized.
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The Properly porphyry Cu-Mo goal within the southeastern nook of the property consists of pyrite, chalcopyrite and molybdenite in quartz veins hosted inside granodiorite of the Eagle Plutonic Advanced. Mineralization is spatially related to late stage differentiates, together with pegmatite, aplite, microgranite and monzonite our bodies. Earlier floor samples yielded as much as 3 wt.% Mo and common 0.5 wt.%. Historic samples from the Wel 11-12 and Wel 15-16 yielded 0.48 to 0.89 wt.% Cu, 5.2 to 36 g/t Ag, and 0.075 to 0.46 g/t Au. For 2024, Verification sampling will probably be finished, and probably trenching to show and lengthen the recognized mineral occurrences.
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The Rio Grande is a silver-rich polymetallic vein goal with similarities to the close by former Huldra silver mine. 2018 rock seize pattern outcomes ranged as much as 122 grams per tonne silver, 0.4 % copper, 1.45% zinc and 0.24 grams per tonne gold (Evaluation Report 37650). Plans are to gather consultant channel samples and design follow-up trenching and drilling.
Readers are cautioned that historic data referred to on this Information Launch have been examined however not verified by a Certified Individual. Additional work is required to confirm that historic data referred to on this Information Launch are correct.
Dr. Mathew Ball, P.Geo., a Certified Individual as outlined by NI 43-101 and marketing consultant to the Firm, authorised the technical info contained on this Information Launch.
ON BEHALF OF THE BOARD OF DIRECTORS
“Al Beaton”
Director 604-488-3900
Lubica Parilakova
ir@NewDestinyMining.com
Ahead-Wanting Data
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