Business
Discovery Minerals has issued a work order to test Griffiths Mine Tailings
Discovery Minerals has issued a work order to test Griffiths Mine Tailings.
About this update from Discovery Minerals Ltd.
[{"type":"text","content":"\n \n \n \n\n\nReno, NV November 13, 2013 ? Discovery Minerals Ltd.\n(Pinksheets: DSCR), as per an Agreement signed in February of 2013 with\nNorthern Iron Corporation, Discovery technical personnel will perform metals\nextraction tests on material taken during the year from the 66 million tons of\npreviously crushed and ground tailings from the Griffin Mine in Ontario,\nCA. This material is the result of a large mining and processing\noperation carried out by Pickands Mather and Co. commencing in the late\n1960s, to extract and upgrade iron ore material for steel making.\n\nRecently a geological\nsurvey indicated that a broad spectrum of rare earth elements were present in\nthe tailings, as well as + / - 14% iron. After analysis, the Company has\ndecided to further test the collected samples for economic recovery of any of\nthese metals. It is anticipated these tests will be completed by February\n2014.\n\nIn the event of any\nproduction operation for recovery of the contained metals starting up, Northern\nIron will receive 2.5 % of net proceeds. \n\nAbout Discovery Minerals Limited\n\nDiscovery Minerals Ltd. (Frankfurt WKN: A0LB3X) (Kurzel:\nD7Z) (OTC: DSCR) is a production stage company formed to acquire and develop\nnatural resource properties. Activities include gold, precious metals and\npetroleum minerals, including rare earth minerals production and sales. The\nCompany initiated a new program to evaluate undervalued assets, including clean\ntech and alternative energy investments, for potential addition to its\nportfolio. \n\nSafe Harbor: This\nrelease includes forward-looking statements within the meaning of Section 27A\nof the Securities Act of 1933 and Section 27E of the Securities Act of 1934.\nStatements contained in this release that are not historical facts may be\ndeemed to be forward-looking statements. Investors are cautioned that forward-looking statements are\ninherently uncertain. Actual performance and results may differ materially from\nthat projected or suggested herein due to certain risks and uncertainties\nincluding, without limitation, ability to obtain financing and regulatory and\nshareholder approval for anticipated actions.\n\n\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ...