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Discovery Metals Corp.
Summary
| Project: | Cordero | |
|---|---|---|
| Deposit: | Cordero | |
| Location: | Mexico | |
| Commodities: | Lead-Zinc-Silver-Gold | |
| Date: | 5/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2020: Discovery Metals Corp. announces an Exploration/Drilling Update report for its Cordero deposit at the Cordero project. Drilling results incl. 168.8m @ 70g/t Ag, 0.1g/t Au, 1.5% Pb, 1.9% Zn from 140m. May 7, 2020, Toronto, Ontario - Discovery Met | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: Gernot Wober (Internal) | |
| ABSTRACT: | May 7, 2020, Toronto, Ontario - Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) is pleased to announce results from eight 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. Drill holes for this current release (C20-317 through C20-324) were focused on defining and extending the higher-grade mineralized footprint to the north-east and south-west of the previously defined limits of the Pozo de Plata zone. Taj Singh, President and CEO, states: “These drill results continue to illustrate the strongly mineralized footprint at Cordero. Hole C20-319, the furthest north-east hole drilled by Discovery for which assays have been received, intercepted 168.8 m of 207 g/t AgEq1 (70 g/t Ag, 0.10 g/t Au, 1.5% Pb and 1.9% Zn). Hole C20-317, the Company’s furthest south-west hole drilled to date, intercepted 79.0 m of 159 AgEq1 g/t (90 g/t Ag, 0.22 g/t Au, 0.9% Pb and 0.5% Zn). In total there is approximately 1,250 m of strike extent between these two holes. This not only demonstrates the sheer scale of the mineralized system but the broad widths and excellent grades near-surface also highlight the high-margin potential that exists at Cordero.” | |
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