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Discovery Metals Corp.
Summary
| Project: | Cordero | |
|---|---|---|
| Deposit: | Cordero | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Zinc-Lead | |
| Date: | 1/8/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-1-2020: Discovery Metals Corp. announces an Exploration/Drilling Update report for its Cordero deposit at the Cordero project. Drilling results incl. 68.1m @ 117g/t Ag, 1.96g/t Au, 1.7% Pb, 1.1% Zn from 157.8m. January 8, 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: | January 8, 2020, Toronto, Ontario - Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF) (“Discovery” or the “Company”) is pleased to announce results from the first four diamond drill holes completed at its flagship Cordero project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. Discovery acquired Cordero through the acquisition of Levon Resources Ltd. (“Levon”) in August 2019. The results released here are part of a 30,000-35,000m Phase 1 drill program that Discovery plans to complete in 2020. The focus of Phase 1 is to: (1) delineate, expand and then re-domain areas of higher-grade mineralization within the existing Cordero resource; and (2) test new high priority targets outside the current resource, including targets on the large 35,000 hectare property package that surrounds Cordero. Taj Singh, President and CEO, states: “These first results from Cordero are very encouraging and support our thesis that within the very large resource area exists a shallow, higher-grade component that could redefine the Project entirely and vastly improve its economics. The presence of higher-grade gold in the most strongly mineralized areas is also positive. Cordero has many attractive features: open-pittable, good metallurgy and excellent surrounding infrastructure. We look forward to completing the exploration in 2020 required to re-scope and optimize this very exciting property.” | |
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