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Discovery Metals Corp.
Summary
| Project: | Cordero | |
|---|---|---|
| Deposit: | Cordero | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Zinc-Lead | |
| Date: | 4/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-4-2020: Discovery Metals Corp. announces an Exploration/Drilling Update report for its Cordero deposit at the Cordero project. Drilling results incl. 27.7m @ 119g/t Ag, 0.55g/t Au, 2.02% Pb, 0.28% Zn from 163.1m. April 7, 2020, Toronto, Ontario - Discov | |
| Resources: | (Resource): 990Mt @ 32g/t AgEq. (Ind.) and 282Mt @ 56g/t AgEq. (Inf.) | |
| CP/QP: | [Overall Report]: Gernot Wober (Internal) | |
| ABSTRACT: | April 7, 2020, Toronto, Ontario - 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. | |
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