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Discovery-Corp Clarifies Disclosures at BCSC Request
Discovery-Corp Clarifies Disclosures at BCSC Request Vancouver, British Columbia CANADA, Sept...
About this update from Discovery-corp Enterprises Inc.
[{"type":"text","content":"Discovery-Corp Clarifies Disclosures at BCSC RequestDiscovery-Corp Clarifies Disclosures at BCSC Request\n\nVancouver, British Columbia CANADA, September 27, 2013 /FSC/ - Discovery-Corp Enterprises Inc. (DCY - TSX Venture), As a result of a review by the British Columbia Securities Commission, Discovery-Corp Enterprises Inc. (the \"Company\") is issuing the following news release to clarify its disclosure as required by National Instrument 43-101. \n\nThe Company is withdrawing all statements regarding mineral resources, pit outlines, project economics and infrastructure plans from the September 10th news release. The Company cautions investors not to rely on the September 10th news release as indicating there is a mineral resource or economic studies on the Galaxy Project.\n\nThe Company does not have a mineral resource on the Galaxy Project.  The Company also advises that a preliminary economic assessment has not been undertaken on the Galaxy Project as there is no mineral resource to base the study on.  The Galaxy Project is at the exploration stage.  The Company will be filing a NI 43-101 compliant technical report to support the statement that it does not have a mineral resource on its Galaxy Project.  \n\n\nMetallurgical Test Work Clarification\nMaterial details of the test work of the metallurgical results disclosed in the September 10th news release are provided below:\n\nA total of 107 samples weighing 203 kilograms of minus 10 mesh assay reject material (taken from the 2012 Galaxy drill core) were received at ALS Metallurgy in Kamloops, BC.  The principle objectives of the test work were defined by Iain Brown, CFO of Discovery-Corp.  \n\nA sub sample was taken from head analysis and indicated a grade of 0.51% Cu, 0.14 g/t Au and 1 g/t Ag.  Most of the copper was reported to be contained in chalcopyrite with trace amounts of tennantite/tetrahedrite, bornite, chalcocite, and covellite. Pyrite was the other major sulphide mineral and measured about 0.8 percent\n\nInitial testing indicated that utilizing PAX resulted in poor final copper concentrate grades and a regrind size of finer than 26 micrometre K80 was required to produce high copper grade concentrates at high copper recovery.\n\nThe selected copper flotation conditions were employed for the lock...