The holes are part of a Phase 1 drill program scheduled for completion at the end of this month. The results from this program will be incorporated in a new resource estimate and revamped PEA in the second half of the year. Phase 1 drilling will be immediately followed by Phase 2 definition and expansion drilling.
DRILL RESULTS
Drill holes from this release build further higher-grade bulk-tonnage continuity in the South Corridor within northeast trending domains. These domains have been defined over a strike length of approximately 1.4 km and are open to the northeast and have been drilled to a depth of 500 m and remain open below this. Higher-grade zones of mineralization are typically flanked by medium and lower-grade mineralization pointing to the scaleability of the mineralized system at Cordero. Mineralization typically consists of galena, sphalerite and pyrite in disseminations, veinlets and stockworks predominately hosted in breccia, rhyodacite and intervals of replacement mineralization in calcareous sediments.
PHASE 1 DRILL PROGRAM UPDATE
The Company has completed 70,100 m (171 holes) as part of its expanded Phase 1 drill program that started in
The four drill rigs currently operating on site will continue uninterrupted with Phase 2 drilling. Phase 2 drilling will be focused on three key areas: (1) upgrading inferred resources to indicated for inclusion in a prefeasibility study on Cordero; (2) resource expansion of bulk-tonnage mineralization and (3) testing of the width, grade and continuity of extensive high-grade vein systems that transect the deposit.
About Discovery
Discovery's flagship project is its 100%-owned Cordero project, one of the few silver projects globally that offers margin, size and scaleability. The project is located in a prolific mining belt in Chihuahua State,
Contact:
Tel: 416-613-9410
Email: forbes.gemmell@discoverysilver.com
Web: www.discoverysilver.com
TECHNICAL NOTES & FORWARD-LOOKING STATEMENTS
The most recent technical report for the
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in
Cautionary Note Regarding Forward-Looking Statements
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. There can be no assurance that the Private Placement will close on the announced terms. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable law
(C) 2021 Electronic News Publishing, source