Dis­cov­ery Met­als granted five Mex­ico drill per­mits

Stockwatch Daily - - MINES & METALS - Mr. Taj Singh re­ports

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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