Fortuity 89 And Caldera Project Updates

VANCOUVER - Discovery Harbour Resources Corp. reported on its Fortuity 89 and Caldera low sulphidation epithermal gold projects in the Walker Land Gold Belt of Nevada. Newcrest Resources, Inc., a wholly owned subsidiary of Newcrest Mining Limited, commenced its Fortuity 89 drill program in late January. Five reverse circulation drill holes have been completed for 1,663 meters. Samples have been submitted by Newcrest for assay and results are pending. At Caldera, Discovery Harbour has undertaken a detailed evaluation of the 2021 drill data and the full property wide data set. As well as Discovery Harbour's current consultants, two other well respected consultants have been engaged for the detailed evaluation, one focused on an evaluation of the spectral data and the other on the Caldera low sulphidation epithermal gold system. The data review is expected to be completed by late May.

Mark Fields, President & CEO, said, "We are looking forward to the Fortuity 89 drill program results from Newcrest. At Caldera the detailed geological review is an important process to determine the next steps that are merited. We know the Caldera system is gold fertile, however after our limited 2021 drill program did not intersect bonanza gold grades at depth, we need to use what we learned from the drilling to do a comprehensive review on further deep drilling that may be warranted and the most prospective areas."