Discovery Silver - Interim CEO, Tony Makuch
Interim CEO, Tony Makuch
Source: Melbourne Mining Club
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Discovery Silver Corp. (DSV) announced the drill results from its Phase 2 program on the Cordero Silver Project
  • The drill program expanded the open pit and resource northeast of the project
  • Highlight intercepts from two holes showed high-grade silver equivalent mineralization
  • The holes will see follow-up drilling to explore the area’s potential
  • Most of the data collected will go towards a resource update and pre-feasibility study
  • Discovery Silver Corp. (DSV) is up 3.88 per cent and is trading at $1.07 per share as of 12:26 p.m. ET

Discovery Silver (DSV) has announced the drill results from its Phase 2 program on the Cordero Silver Project, Mexico.

The company stated its focus for the drill program was to expand the open pit and resource northeast of the project.

 “Our drilling in the far northeast of the deposit continues to intercept zones of high-grade mineralization well beyond the limits of our current resource… includes the two northeastern most holes we have drilled on the deposit,” Tony Makuch, Interim CEO of Discovery Silver, said.

According to Makuch, highlight intercepts from the two holes showed considerably high-grade silver equivalent mineralization which will see follow-up drilling to target the potential expansion of the resource in this direction.

Discovery Silver completed 235 holes over 82,000 metres as part of the drill program. Most of the data collected will go towards a resource update and pre-feasibility study which the company stated will be done during its fourth quarter.

Engineering drilling and the initial drill testing of five property-wide targets is ongoing.

Discovery Silver Corp. (DSV) is up 3.88 per cent and is trading at $1.07 per share as of 12:26 p.m. ET.

More From The Market Herald
The Market Herald Video

" A geophysical survey is underway at Peloton’s (CSE:PMC) Boulder Copper Porphyry Property

Peloton (PMC) is reporting that a pulse electromagnetic survey is underway at the Boulder Copper Property.

" Your one-stop-shop supplier for the critical energy metals market

As demand rises and supply falls, battery and energy metals stocks are becoming more critical.
Mountain Boy Minerals - Mountain Boy Mine

" Mountain Boy (TSXV:MTB) advances field work at Telegraph in BC’s Golden Triangle

Mountain Boy Minerals (MTB) has updated the exploration program at its Telegraph copper-gold project in BC’s Golden Triangle.

" Montero (TSXV:MON) confirms copper – molybdenum porphyry potential at its Avispa Project

Montero Mining and Exploration (MON) has completed initial geological mapping and geochemical sampling on its Avispa Copper-Molybdenum Project in Chile.