Business
Discovery Metals Drills 1.0 m of 2,153 g/t AgEq as well as 62.8 m of 217 g/t AgEq at its Cordero Project, Mexico
TORONTO, April 07, 2020 (GLOBE NEWSWIRE) -- Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) is pleased to announce results from
About this update from Discovery Silver Corp
[{"type":"text","content":" TORONTO, April 07, 2020 (GLOBE NEWSWIRE) -- Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) is pleased to announce results from ten diamond drill holes completed at its flagship Cordero project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The holes are part of a 30,000-35,000 metre (“m”) Phase 1 drill program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. As previously announced on March 31, 2020, exploration activity at Cordero has been temporarily suspended in response to concerns relating to COVID-19. Business continuity plans have been put in place so the Phase 1 drill program can ramp up quickly once current risks subside. Taj Singh, President and CEO, states: “These drill results are particularly positive for two reasons. First, they confirm that higher-grade breccia-hosted Ag-Au-Pb-Zn mineralization extends to the north-east beyond the previously defined limits of the Pozo de Plata zone. Second, drilling along the southernmost vein trend intercepted multiple sulfide veins that returned kilogram per tonne silver-equivalent intercepts. The first-ever drill test of veins highlights the excellent potential that may exist within this and other vein trends on the property. Follow-up drilling that targets expansion of higher-grade resources, is planned on both the north-east extension and the vein targets, as soon as exploration resumes at Cordero.” HIGHLIGHTS1 (best intercepts are bolded) Hole ID From (m) To (m) Width(m) Ag (g/t) Au (g/t) Pb (%) Zn (%) AgEq2(g/t) Mineralization C19-307 17.5 19.5 2.0 700 0.06 1.33 2.05 837 Vein/Stockwork and 155.3 156.1 0.8 1,175 0.22 7.41 4.53 1,642 Vein and 202.7 204.0 1.3 516 0.05 5.65 6.94 1,007 Vein C19-308 3.6 17.6 14.0 185 0.02 0.05 0.13 194 Breccia and 128.5 128.9 0.3 645 0.14 7.16 17.25 1,624 Vein C19-309 59.1 60.3 1.3 673 0.26 10.13 3.73 1,205 Vein/Fault Breccia C20-310 51.1 52.3 1.2 904 0.08 5.40 8.08 1,436 Vein/Fault Breccia and 137.0 137.9 0.9 576 0.06 1.64 3.99 805 Vein/Stockwork ...