- Discovery (DSV) has released results from the first 15 drill holes at the Cordero Silver Project in Mexico
- The holes consisted of upgrade and expansion drilling of the proposed open pit
- Highlights include 77 m averaging 126 g/t AgEq, 96 m averaging 124 g/t AgEq, and 43 m averaging 179 g/t AgEq
- The pre-feasibility study is progressing well and remains on track to be delivered in early 2023
- Discovery Silver is focused on developing its flagship 100-per-cent-owned Cordero Project, one of the world’s largest silver deposits
- Discovery (DSV) is up by 3.45 per cent, trading at $1.20 per share
Discovery (DSV) has released results from the first 15 drill holes at the Cordero Silver Project in Mexico.
The holes consisted of upgrade and expansion drilling of the proposed open pit and were drilled subsequent to the data cut-off for the pre-feasibility study (PFS).
The PFS is progressing well and remains on track to be delivered in early 2023.
Geotechnical evaluation work has confirmed favourable ground conditions for key infrastructure, including the rock storage facility and the tailings storage facility.
Mine design is targeting a reduction in the volume of pre-strip during the development period.
The process design incorporates a conventional flowsheet with silver production and operating costs expected to benefit from better metallurgical recoveries and mill throughput rates roughly 25-per-cent higher than assumed in the preliminary economic assessment.
“Results from our first set of drill holes to increase the confidence level of the resource model continue to demonstrate the excellent continuity of mineralization within the open pit at Cordero and support the mineral resource estimation,” stated Tony Makuch, Discovery’s Interim CEO. “Drilling on the margins of the pit also outlines the opportunity to expand the size of the pit laterally and at depth as we proactively target value-creation opportunities.”
Highlights from initial feasibility study drill holes
Drill program update
The company has completed approximately 17,000 m over 52 holes as part of its feasibility study drill program. Feasibility study drilling will consist of engineering drilling, resource upgrade drilling and drilling targeting the expansion of the PFS open pit.
Discovery Silver is focused on developing its flagship 100-per-cent-owned Cordero Project, one of the world’s largest silver deposits. The project’s PEA (November 2021) demonstrates that it has the potential to become a highly capital-efficient mine with margin, size and scalability.
Discovery (DSV) is up by 3.45 per cent, trading at $1.20 per share as of 9:51 am ET.
