Source: Discovery Silver Corp.
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  • Discovery Silver Corp. (DSV) released the results of the final 26 drill holes from the second phase of its drill program at the Cordero silver project
  • These holes consisted of upgrade and expansion drilling of the preliminary economic assessment pit and expansion drilling of the 2021 resource pit
  • Drilling will be used to support a pre-feasibility study planned for early 2023
  • Discovery Silver Corp. (DSV) is up 4.40 per cent, trading at $0.95 per share as of 11:05 a.m. ET

Discovery Silver (DSV) released the results of the final 26 drill holes from the second phase of its drill program at Cordero.

The Cordero silver project is located in Mexico.

These holes consisted of upgrade and expansion drilling of the preliminary economic assessment pit and expansion drilling of the 2021 resource pit. Drilling will be used to support a pre-feasibility study planned for early 2023.

Highlights:

  • 58 metres averaging 208 g/t AgEq1 (99 g/t Ag, 0.33 g/t Au, 1.6 per cent Pb and 1.0 per cent Zn) from 78 metres and 48 metres averaging 231 g/t AgEq1 (100 g/t Ag, 0.63 g/t Au, 1.8 per cent Pb and 0.8 per cent Zn) from 148 metres in hole C22-614
  • 125 metres averaging 111 g/t AgEq1 (37 g/t Ag, 0.04 g/t Au, 0.4 per cent Pb and 1.6 per cent Zn) from 265 metres in hole C22-644
  • 42 metres averaging 201 g/t AgEq1 (76 g/t Ag, 0.06 g/t Au, 1.0 per cent Pb and 2.4 per cent Zn) from 453 metres in hole C22-634
  • 86 metres averaging 120 g/t AgEq1 (32 g/t Ag, 0.02 g/t Au, 0.1 per cent Pb and 2.2 per cent Zn

Discovery Silver’s Interim CEO, Tony Makuch, stated that the second phase saw nearly 80,000 metres in over 250 drill holes, which represents another major milestone in the advancement of the Cordero project.

“This program consistently intercepted mineralization beneath and to the northeast of the open pit outlined in last year’s preliminary economic assessment highlighting the potential to expand the size of the open pit in our upcoming pre-feasibility study,” he said. “Our pre-feasibility study is now expected to be completed in early 2023, a slight delay from our original target of mid to late Q4 2022. The additional time will allow us to further optimize the study to incorporate recent positive metallurgical developments, including the streamlining of the processing circuit via co-processing of oxides and sulphides and cost efficiencies through lower reagent consumption and coarse grind size.”

In total, results from 2,190 surface rock samples and 3,639 soil samples have been received. An additional 1,508 soil samples are pending results. 

Discovery Silver (DSV) is an exploration and development company building a large-scale, high-margin silver asset in Chihuahua State, Mexico.

Discovery Silver Corp. (DSV) is up 4.40 per cent, trading at $0.95 per share as of 11:05 a.m. ET.


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