Discovery Metals granted five Mexico drill permits
DISCOVERY METALS Corp. has been granted drill permits for five of its projects from Mexican regulator Semarnat (Mexico’s Secretary of Environment and Natural Resources).
The company has option agreements on seven projects (including the five for which permits have just been granted), all located in northern Coahuila state within a historic high-grade and past producing silver-zinc-lead belt. All projects display alteration and mineralization styles suggestive of carbonate-replacement-style mineralization, and include numerous historical artisanal workings. The projects have not been explored with modern methods and all are virtually undrilled. The newly granted permits cover the La Kika, Renata, Santa Rosa, La Minerva and Jemi-Rare projects.
Discovery Metals president and chief executive officer, Taj Singh, commented: “This is a significant step for us. Our company came into existence in August, so we are very pleased to have received these permits in such a short time. Our newly formed team has been working diligently to develop a detailed exploration plan and has prioritized a number of high-impact targets. We expect to be drilling on at least one project before the end of the year.”
The preparation of the application documents for submission to Semarnat for Discovery Metals’ other two projects, Puerto Rico and Monclova, is also under way.
About Discovery Metals Corp.
Discovery Metals is focused on discovering and advancing high-grade polymetallic deposits in a recently assembled land package of approximately 300,000 hectares over a large and historic mining district in northern Coahuila state, Mexico. The portfolio of seven key properties, all with shallow high-grade silver-zinc-lead mineralization, is situated in a world-class carbonate replacement deposit (CRD) belt that stretches from southeastern Arizona to central Mexico. The landholdings contain numerous historical direct-ship ore workings with over 4,000 metres of underground development. No modern exploration or exploration drill testing has been carried out on the properties.
We seek Safe Harbor.
Brent Ackerman, Scott Edwin Ackerman, William Murray John, Douglas John McFaul, David Grant Nelson, Mark Gerard O’Dea, Jeffrey Scott Parr, Tajpreet Singh, Jose Alberto Vizquerra-Benavides
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