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Discovery Silver Reports Measured & Indicated Resource of 910 Moz AgEq and Inferred Resource of 140Moz AgEq for Cordero
TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce an updated Mi
About this update from Discovery Silver Corp
[{"type":"text","content":" TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“Resource”) on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The Resource is pit-constrained with an estimated waste-to-ore ratio of 1.1 and is supported by 224,000 m of drilling in 517 drill holes and reinterpreted structural and geological models of the deposit. 87% of the contained metal is in the Measured and Indicated category. The Resource will be used to support an updated PEA scheduled for completion later this quarter. The size of the Resource positions Cordero as one of the largest development-stage silver projects globally. Highlights include: SULPHIDE RESOURCE (assumed to be processed via mill/flotation) Measured & Indicated Resource of 837 Moz AgEq1 at an average grade of 48 g/t AgEq1 (541 Mt grading 20 g/t Ag, 0.06 g/t Au, 0.29% Pb and 0.51% Zn) Inferred Resource of 119 Moz AgEq1 at an average grade of 34 g/t AgEq1 (108 Mt grading 14 g/t Ag, 0.03 g/t Au, 0.19% Pb and 0.38% Zn) High-grade subset – at a $25/t NSR cut-off a Measured & Indicated Resource of 509 Moz AgEq1 at an average grade of 101 g/t AgEq1 (42 g/t Ag, 0.11 g/t Au, 0.64% Pb and 1.04% Zn) OXIDE/TRANSITION RESOURCE (assumed to be processed by heap leaching) Measured & Indicated resource of 74 Moz AgEq1 at an average grade of 23 g/t AgEq1 (98 Mt grading 19 g/t Ag and 0.05 g/t Au) Inferred Resource of 22 Moz AgEq1 at an average grade of 20 g/t AgEq1 (35Mt grading 16 g/t Ag and 0.04 g/t Au) High-grade subset – at a $15/t NSR cut-off, a Measured & Indicated Resource of 26 Moz AgEq1 at an average grade of 60 g/t AgEq1 (52 g/t Ag and 0.09 g/t Au) Taj Singh, President and CEO, states: “This resource estimate represents a huge step forward in advancing Cordero for two key reasons. First, close to 90% of the contained metal is in the Measured and Indicated category. This achievement is reflective of the tight drill spacing supporting the resource along with the continuity of mineralization within each estimation domain. Second, the resource demonstrates the large volume of higher-grade mineralization within the deposit. This, along with the low strip ratio, excellent metallurgy and adjacent infrastructure, prov...