Business
Discovery Silver Intersects 194 g/t AgEq over 217 m in Final Drilling for Upcoming Resource Estimate at Cordero
TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from
About this update from Discovery Silver Corp
[{"type":"text","content":" TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from the final drill holes that will be used to support the new resource estimate on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The resource update is scheduled for completion toward the end of this quarter and will be followed by an updated PEA in 4Q 2021. Taj Singh, President and CEO, states: “The results from our first drill program at Cordero, including further exceptional results in this release, have exceeded our expectations. We have not only confirmed the size and scaleability of Cordero, but also highlighted the excellent margin potential of the Project too. The large volume of drill data we have added, totaling 91,000 m in 223 holes, has also significantly de-risked the Project. This new drilling, which will be complemented by our reinterpretation of the geological and structural controls of the deposit, provides a strong platform on which the upcoming resource and PEA will be based.” Highlight intercepts include: 217.3 m averaging 194 g/t AgEq1 from 39.3 m (75 g/t Ag, 0.45 g/t Au, 1.1% Pb and 1.0% Zn) in hole C21-481 including: 81.9 m averaging 254 g/t AgEq1 (99 g/t Ag, 0.54 g/t Au, 1.5% Pb and 1.4% Zn) 25.5 m averaging 404 g/t AgEq1 from 147.2 m (236 g/t Ag, 0.55 g/t Au, 1.2% Pb and 1.9% Zn) in hole C21-482 including: 1.5 m averaging 3,763 g/t AgEq1 (2,552 g/t Ag, 2.33 g/t Au, 13.3% Pb & 13.3% Zn) 56.8 m averaging 139 g/t AgEq1 from 358.7 m (40 g/t Ag, 0.05 g/t Au, 0.7% Pb and 1.7% Zn) in hole C21-442 52.5 m averaging 128 g/t AgEq1 from 214.8 m (42 g/t Ag, 0.08 g/t Au, 0.7% Pb and 1.3% Zn) and 54.9 m averaging 133 g/t AgEq1 from 392.8 m (39 g/t Ag, 0.06 g/t Au, 0.9% Pb and 1.3% Zn) in hole C21-493 DRILL RESULTS The final drill holes for the updated resource estimate were from multiple zones in both the North and South Corridors. Drilling in the South Corridor along the Josefina vein trend continues to intercept high-grade veins within broader zones of disseminated mineralization. Highlight intercepts include 25.5 m of 404 g/t AgEq1 from 147.2 m (C21-482), 21.0 m of 197 g/t AgEq1 from 121.5 m (C21-474) and 23.7 m of 195 g/t AgEq1 from 24.8 m (C21-516). Infill drilling within the central part of the South...