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Discovery Silver Intersects 241 g/t AgEq over 73 m in Initial Phase 2 Drilling at Cordero
TORONTO, Sept. 30, 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, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from the first 13 holes from its Phase 2 drill program on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. This current set of holes is focused on upgrading resources for inclusion in a prefeasibility study planned for 2022. The Company also wishes to advise that its resource update, originally scheduled for release at the end of this month, has been delayed slightly due to the inclusion of additional drill metres and is now expected to be completed in the middle of October. The preliminary economic assessment (“PEA”) is on track for completion in 4Q 2021. Highlight intercepts include: 73.1 m averaging 241 g/t AgEq1 from 75.0 m (104 g/t Ag, 0.06 g/t Au, 0.8% Pb and 2.5% Zn) in hole C21-510 133.8 m averaging 103 g/t AgEq1 from 69.0 m (39 g/t Ag, 0.07 g/t Au, 0.8% Pb and 0.7% Zn) in hole C21-523 28.6 m averaging 300 g/t AgEq1 from 265.5 m (101 g/t Ag, 0.12 g/t Au, 1.6% Pb and 3.2% Zn) including 9.4 m averaging 759 g/t AgEq1 (257 g/t Ag, 0.26 g/t Au, 4.1% Pb & 8.1% Zn) in hole C21-519 22.6 m averaging 298 g/t AgEq1 from 409.8 m (94 g/t Ag, 0.11 g/t Au, 1.7% Pb and 3.3% Zn) in hole C21-537 Taj Singh, President and CEO, states: “Highlight intercepts from this release are from both the North and South Corridors and demonstrate the potential to expand the higher-grade resource as we tighten up the drill spacing across the deposit through our Phase 2 drill program. The slight delay in delivering our resource estimate to mid-October is due to incorporating approximately 15,000 m of additional drill data completed subsequent to the cut-off date for the Phase 1 drill program. This additional drill data is expected to result in better definition of high-grade zones and enhance the overall classification of the resource estimate for the deposit.” DRILL RESULTS: The initial drill holes from Phase 2 drilling were predominantly focused on the South Corridor and in the Northeast Extension of the North Corridor. This set of holes were targeting improved definition of high-grade zones within the bulk-tonnage domain and will be included in a prefeasibility study on the Project planned for 2022. Hole C21-510, drilled in the northeast sectio...