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Discovery Silver Intercepts 197 g/t AgEq over 41 m in Feasibility Study Drilling at Cordero
TORONTO, May 24, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from Fea
About this update from Discovery Silver Corp
[{"type":"text","content":" TORONTO, May 24, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from Feasibility Study drill holes on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. These holes consist of reserve expansion drilling and will be incorporated in a Feasibility Study in conjunction with a resource update planned for the first half of 2024. Highlight intercepts from this current set of drill holes include: 41 m averaging 197 g/t AgEq1 (63 g/t Ag, 0.09 g/t Au, 1.2% Pb and 2.7% Zn) from 386 m and 8 m averaging 416 g/t AgEq1 (195 g/t Ag, 0.23 g/t Au, 2.2% Pb and 4.1% Zn) from 79 m in the core of the South Corridor in hole C22-688. 37 m averaging 139 g/t AgEq1 (58 g/t Ag, 0.05 g/t Au, 0.8% Pb and 1.5% Zn) from 236 m and 104 m averaging 86 g/t AgEq1 (37 g/t Ag, 0.04 g/t Au, 0.3% Pb and 1.1% Zn) from 91 m in hole C22-705; these intervals were in the southern portion of the South Corridor within the reserves pit. 51 m averaging 105 g/t AgEq1 (51 g/t Ag, 0.06 g/t Au, 0.7% Pb and 0.9% Zn) from 63 m in hole C22-697 in the southern portion of the South Corridor. Tony Makuch, CEO, states: “Our Feasibility Study drilling continues to demonstrate the potential to grow reserves at Cordero whilst building further confidence in the underlying resource model. This drill program is nearing completion upon which drilling will then focus on testing multiple highly prospective targets identified by our extensive field programs that have been ongoing since 2021. “Meanwhile, we continue to make excellent progress on our environmental impact assessment (‘Manifesto de Impacto Ambiental’ or ‘MIA’) which we plan to submit to the Mexican Federal Environmental Department (SEMARNAT) later this quarter. The MIA is one of the principal permits required for the development of Cordero. We have completed an initial review of the new mining law in Mexico and while we are awaiting further clarification on certain amendments, we do not expect the new mining law will have a material impact on the Project timeline. It is our intention to adhere to all Mexican regulatory requirements alongside our overarching corporate objective of delivering the highest industry standards for environmental protection, social responsibility and health and safety.” DRI...