Darnley Bay Resources Discovers Large Magneto-Telluric Anomaly

Darnley Bay Resources Discovers Large Magneto-Telluric Anomaly 
TORONTO, ONTARIO -- (Marketwired) -- 10/15/13 -- Darnley Bay
Resources Limited (TSX VENTURE:DBL) (DBL) is pleased to announce the
discovery of a large magneto-telluric (MT) anomaly at its 100% owned
Darnley Bay Property, located near Paulatuk, Northwest Territories.
Importantly, the new anomaly is spatially coincident with
previously-discovered gravity and magnetic anomalies. 
A 3D-inversion model of the August 2013 MT survey revealed a
conductive zone of approximately 3.5 kilometres long, 1,000 metres
wide and 250 to 750 metres thick, at a depth of 1,500 metres. The
anomaly is considered a good to moderate conductor with apparent
resistivity between 10 and 30 Ohm-metres. It is favourably located
within prospective Proterozoic rocks and is bounded to the west by a
fault, interpreted from previous seismic and magnetic surveys. The
extent, depth, conductivity and the geological setting of the MT
anomaly fit the metalogenetic exploration models Darnley Bay is
aiming for: either a copper-nickel magmatic model (example: Sudbury
in Ontario or Norilsk in Russia) or an Iron Oxide Copper Gold model
(example: Olympic Dam in Australia). 
The MT anomaly is 1.5 kilometres west of diamond drill hole DBR-001,
the only deep hole completed on the Property. This vertical hole was
spotted by geoscientists from DBL and Falconbridge in 2000 and
reached the depth of 1,800 meters. DBL was searching for Sudbury
style nickel-copper mineralization, and selected this location for
deep drilling because it is one of the few areas where there are
overlapping gravity and magnetic anomalies. The hole was stopped for
technical reasons and did not explain the anomalies. Figure 1
(www.darnleybay.com/news/Figure%201_10.15.2013.html) provides a plan
view and a vertical section showing the result of the MT survey and
the location of DBR-001 relative to the seismic survey and the
magnetic and gravity anomalies of this part of the Property. 
Jamie Levy, President of Darnley Bay, comments that "The results from
the magneto-telluric survey are exactly what we were hoping for when
we initiated the program. The fact that the large anomaly is
coincident with both a gravity and magnetic anomalies provides us
with a high priority drill target, and also demons
trates that the one
deep drill hole on the property was likely drilled in the wrong
The Darnley Bay Property covers a total of 456,000 hectares with a
series of mineral concessions and prospecting permits obtained from
the Inuvialuit Regional Corporation and the Canadian Government. The
Property encompasses what is considered one of the largest and
strongest coincident regional gravity and magnetic anomalies in the
world with dimensions of 80 x 100 kilometers. The regional gravity
anomaly has absolute amplitude of 132 mGal (milli-gals), while the
magnetism reaches 1,350 nT (nano-teslas). The source of this anomaly
is thought by DBL staff to be a large and deep mafic-ultramafic
intrusion, the type underlying world class base metal mining camps,
with the mineralization being at shallower depth than the main
intrusion itself. It is thought that it was formed during the
regional Franklin or the Mackenzie magmatic events, both Proterozoic
in age (720 million years and 1,270 million years respectively). 
MT is a geophysical method of imaging the Earth's subsurface by
measuring natural variations of electrical and magnetic fields at the
Earth's surface. In the 1990s, MT was successfully used to locate
mineral deposits as deep as 1,750 metres in the Sudbury nickel mining
camp. In the last 10 years, the technique has seen many improvements,
particularly with the development of modern 3D inversion. In the oil
industry, it is now routinely used, in conjunction with seismic, to
better define deep drilling targets. Recently, a 3D-inversion applied
to magneto-telluric data from Voisey Bay nickel mine detected the
nickel-copper mineralization at depth, with apparent resistivity
between 10 and 25 Ohm-m (www.cemi.utah.edu/appls/mt/); the same range
of values as the MT anomaly detected on Darnley Bay Property this
August. Readers are cautioned that the similarity of the surveys is
not necessarily indicative of the mineralization on the Property. 
The 2013 MT survey on the Darnley Bay Property was performed by
EMpulse Geophysics Ltd, from Dalmeny, Saskatchewan (www.empulse.ca).
The technique used for this survey is Transient
Audio-Magneto-Telluric, with proprietary SFERIC II instrumentation
and Adaptive Polarization Stacking algorithm. EMpulse also performed
the 3D-inversion and interpretation of the data. Stations were
surveyed every 500 metres over two selected areas on the Property
(see Figure 2, www.darnleybay.com/news/Figure%202_10.15.2013.html):
the Northern Line which is 30 kilometres long and located 15
kilometres south of Paulatuk, (the subject of this press release);
and the Southern sector, 40 kilometres SE of Paulatuk, where two
perpendicular lines totalling 30 kilometres of survey were performed
(final interpretation pending). DBL is planning to do more detailed
MT surveying on each sides of the actual MT anomaly, in order to
better define its attitude and orientation for an eventual drilling
program. DBL is also planning more MT surveying over other selected
areas on the Property. 
Qualified Person 
David Goldak, M.Sc. (Physics), President of EMpulse Geophysics, was
in charge of the survey in the field and responsible for the
interpretation. The technical information of this Press Release has
been prepared, reviewed and approved by Mr. J. Gauthier, P. Eng., P.
Geo., a "qualified person" for the purposes of National Instrument
43-101 Standards of Disclosure for Mineral Properties. 
Darnley Bay would also like to take this time to announce the
appointment of Mr. Chris Irwin as Corporate Secretary. Mr. Irwin has
over 19 years of experience in advising public mineral exploration
companies on a variety of issues including: takeover bids, credit
facilities, agency transactions, private placements, initial public
offerings (IPO) and credit facilities. During his career he has
served as an officer and/or director of several junior mining
companies including: Canada Lithium Corp.; Trelawney Mining and
Exploration Inc.; Roscan Minerals Corporations; Southern Star
Resources; and Laramide Resources Ltd., to name a few. He has been a
member of the Law Society of Upper Canada since 1996. 
Forward-Looking Information 
This 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 production,
reserve potential, exploration drilling, exploitation activities and
events or developments that Darnley Bay expects are forward-looking
statements. Although Darnley Bay believes the expectations expressed
in such 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 the
statements. There are certain factors that could cause actual results
to differ materially from those in forward-looking statements. These
include market prices, exploitation and exploration successes,
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and
actual results or developments may differ materially from those
projected in the forward-looking statements. For more information on
Darnley Bay, investors should review registered filings at
Neither the 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.
Darnley Bay Resources Limited
Jamie Levy
President and CEO
(416) 862-7885
(416) 862-7889 (FAX)
Darnley Bay Resources Limited
Greg O'Halloran
Investor Relations
(647) 385-2113
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