New Destiny Mining Receives Treasure Mountain Assay Results: 8.99 g/t and 32.7 g/t Gold Assays in Spokane and JK Veins
MWN-AI** Summary
New Destiny Mining Corp (TSXV: NED) has announced promising assay results from its Treasure Mountain project, located near Princeton, British Columbia. The assay results come from exploration activities conducted in 2024, highlighting the discovery potential of the Spokane and JK veins on the northeastern part of the property. Surj Uppal, President of New Destiny Mining, expressed enthusiasm about the findings, stating the company aims to maximize the value of its assets and enhance shareholder growth during a significant period in its development.
The assay results reveal gold concentrations reaching up to 8.99 grams per tonne (g/t) in the Spokane vein, complemented by a silver content of 32.3 g/t and copper percentages of 1.39%. Other outcrop samples from the vein range from 7.51 g/t gold to 7.72 g/t gold, with corresponding silver values between 24.6 and 36.1 g/t. These assays were derived from two outcrops located 35 meters apart, showcasing a generalized thickness of 0.35 to 1.0 meter.
The Spokane vein has not been fully characterized, but evidence suggests a potential strike length of 500 meters, as indicated by high-resolution LiDAR data. Historical records from the area document prior gold and copper extraction, confirming the site’s long-standing mineralization potential, which the company plans to further explore through trenching and drilling.
With ongoing efforts to secure a new Mines Act permit for additional exploration, New Destiny Mining aims to validate these findings while building on its commitment to advance its flagship Treasure Mountain project. The recent assays, performed by ALS Laboratories, could signal a transformative phase for New Destiny as it looks to capitalize on market opportunities within the mineral sector.
MWN-AI** Analysis
New Destiny Mining Corp (TSXV: NED) has recently announced promising assay results from its Treasure Mountain project, showcasing gold concentrations of 8.99 g/t and 32.7 g/t in separate samples. These results not only highlight the potential for economic mineralization at the Spokane and JK Veins but also set the stage for potential appreciation in the stock value as the market responds to these findings.
Investors should closely monitor NED's next steps, particularly the forthcoming drilling and trenching activities as they seek to expand on these discoveries. The geology suggests a strong correlation with copper porphyry systems, which could enhance the asset base value substantially, considering the increasing demand for copper in various industries due to green technology transitions. With historical assays also indicating robust mineralization in the area, there's a strong precedent for future exploration success.
Strategically, the company's intentions to apply for a new Mines Act permit to further explore these zones is a positive indicator of management's commitment to unlocking the project’s value. Additionally, the presence of significant silver alongside gold and copper adds a layer of diversification to the revenue potential from future production.
Given these factors, NED might present a favorable risk-reward proposition for investors looking for exposure in the mining sector, particularly in a market increasingly focused on commodities related to renewable energy and electronic vehicle production. However, caution should be exercised, as market sentiment can be volatile, and the execution of exploration activities remains pivotal for the realization of these promising assay results. Investors should conduct comprehensive due diligence and consider broader market conditions before making investment decisions in NED.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - New Destiny Mining Corp (TSXV: NED), (the "Company" or "NED") is pleased to provide an update on assay results from 2024 prospecting samples from the Treasure Mountain project, near Princeton, BC.
"We are excited to share assay results from samples collected last season from the northeastern part of our Treasure Mountain North property that indicates excellent discovery potential. We are committed to unlock the potential of our assets and drive shareholder growth to position NED as a growing contributor to the sector at such a pivotal juncture in the Company's progress," said Surj Uppal, President of New Destiny Mining.
In 2024, highly mineralized vein material was identified in float (release dated August 7, 2024) and follow-up prospecting upslope located the Spokane quartz vein, mineralized with up to 20% coarse chalcopyrite and pyrite (release dated September 3, 2024). The vein was sampled in two outcrops 35 meters apart and ranges from 0.35 to 1.0 meter in thickness. Assay results include 7.72 grams per tonne gold for the float sample, and 8.99 and 7.51 grams per tonne gold for the outcrop grab samples. Silver values range from 24.6 to 36.1 grams per tonne. Copper is 1.22% in the float sample, and 1.39% and 0.80% Cu in the grab samples.
| Sample | Gold g/t | Copper % | Description |
| V119625 | 8.99 | 1.39 | Grab sample. Spokane vein: Quartz vein with 5-10% pyrite and chalcopyrite. |
| V119626 | 7.51 | 0.80 | Grab sample. Spokane vein: Quartz vein with 10-15% pyrite and chalcopyrite. |
| V119628 | 7.72 | 1.22 | Grab sample. Float: Quartz vein with 5-10% coarse grained pyrite and chalcopyrite |
| V119622 | 32.70 | 0.08 | Grab sample. Jim Kelly mine portal: quartz vein with 10-15% coarse pyrite |
Table 1: Assay Results
Also sampled was the vein material located at the portal of the Jim Kelly mine. This is the vein that was drill targeted in 2024 but assay results from the drilling are pending.
The orientation of the Spokane vein remains undefined, but the grab samples align with an east-west lineament identified from high-resolution LiDAR data acquired in 2022. Based on this interpretation, the vein has a potential strike length of 500 meters (see map below). This indicates excellent discovery potential in this area.
The BC Minfile records indicate the Spokane was exposed in two open-cuts and consists of an east-trending fracture zone, infilled by irregular quartz veinlets carrying pyrite over a width of approximately 0.9 metre. In 1909, copper-gold ore was reportedly removed by James Kelly but the exact location of this is unknown. In 1913, a sample across 0.9 metre is reported to have assayed 4.11 grams per tonne gold (Minister of Mines Annual Report, page 233). Reports in 1937, reports describe a 12.5 to 65 centimetre wide quartz vein, exposed by a 6-metre open-cut and a short adit, hosting pyrite, minor chalcopyrite and trace galena in a sheared greenstone. The vein strikes north 80 degrees west and dips 60 degrees north. A sample across 66 centimetres yielded 10.9 grams per tonne gold and 68.4 grams per tonne silver (Minister of Mines Annual Report, 1937). In 1988, a sample of quartz vein exposed by former trenches assayed 4.70 grams per tonne gold and 27.0 grams per tonne silver (BC Property File 825480).
Spokane vein discovery samples. Left shows abundant chalcopyrite mineralization in float sample.
The middle sample yielded 8.99 g/t Au and 32.3 g/t Ag with 1.39 % Cu, and the sample on the right
yielded 7.51 g/t Au and 36.1 g/t Ag with 0.8 % Cu.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5001/271510_c2b0ac80840aa8ac_002full.jpg
Map showing Spokane vein outcrop samples (yellow dots)
and interpreted extension of vein (dashed red lines) based on LiDAR data
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5001/271510_c2b0ac80840aa8ac_003full.jpg
On review of the historic work, the Company acquired additional ground to cover an area of disseminated copper mineralization 900 meters to the northwest that was drilled in 1966. Historic results are in the table below (from BC Property File 812822).
| Hole | From (m) | To (m) | Length (m) | Copper % |
| 1 | 157.0 | 175.3 | 18.3 | 0.12 |
| 2 | 51.8 | 57.9 | 6.1 | 0.56 |
| 3 | 89.3 | 98.5 | 9.1 | 0.25 |
Table 2: Historic Results
A geological concept proposed for the area is that of cordilleran type base-metal quartz veins extending laterally from and/or above a porphyry copper deposit, similar to that at Butte, Montana. The Spokane vein potentially contains economic gold mineralization but also carries significant copper, which suggests it may be related to a copper porphyry system. The nearby disseminated copper mineralization drilled in 1966 might be part of a larger porphyry copper deposit.
The company is now in the process of applying for a new Mines Act permit for trenching and drilling at Spokane and the Northwest zone.
Map showing Treasure Mountain property and targets for 2024
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5001/271510_c2b0ac80840aa8ac_004full.jpg
The analyses quoted above were performed by ALS Laboratories in North Vancouver, BC., which is an independent ISO certified and accredited commercial laboratory. Analyses for gold in rocks and drill core were done by fire assay with AA finish (Atomic Absorption Spectrometry) on 30 gram subsamples (ALS code Au-AA25). Analyses for silver and 47 other elements were done by four acid digestion with ICP-MS (Inductively Coupled Plasma – Mass Spectrometry) finish (typically a 0.25 gram sub-sample) following ALS code MEMS-61. Quality control was monitored from the results for certified reference standards, blank material and field duplicate samples inserted alternately at a frequency of every 10 samples.
Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.
Dr. Mathew Ball, P.Geo., a Qualified Person as defined by NI 43-101 and consultant to the Company, approved the technical information contained in this News Release.
ON BEHALF OF THE BOARD OF DIRECTORS
Surj Uppal
President
For further information, please contact:
Surj Uppal, President
Email: office@newdestinymining.com
Phone: (604) 488-3900
About New Destiny Mining Corp.
New Destiny Mining Corp. is a Canadian-based mineral exploration company focused on the discovery and development of mineral resources. The Company's flagship project, the Treasure Mountain Silver Property, is located in southern British Columbia. New Destiny Mining Corp. is committed to creating value for its shareholders through the exploration and development of high-quality mineral assets.
Forward-Looking Information
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
New Destiny Mining Corp.
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271510
FAQ**
How does New Destiny Mining Corp. NED:CC plan to finance its upcoming drilling and trenching activities at the Spokane vein and the Northwest zone in light of current market conditions in Vancouver, British Columbia?
What challenges might New Destiny Mining Corp. NED:CC face in receiving the necessary permits for the proposed exploration activities at the Treasure Mountain property in Vancouver, BC?
With the reported gold and copper grades from the Spokane vein, how does New Destiny Mining Corp. NED:CC intend to assess the commercial viability of the mineralization in the current economic climate?
What role does the historical data from past mineral exploration at the Spokane vein play in shaping New Destiny Mining Corp. NED:CC's future exploration strategy in Vancouver, British Columbia?
**MWN-AI FAQ is based on asking OpenAI questions about New Destiny Mining Corp. (TSXVC: NED:CC).
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