Discovery Metals Announces Clarification of News Release Issued September 10, 2019
September 10 2019 - 12:41PM
Discovery Metals Corp. (TSX-V: DSV) (“Discovery”
or the “Company”) wishes to clarify information regarding its
earlier news release issued today:
Discovery acquired the Cordero project through
its acquisition of all of the issued and outstanding shares of
Levon Resources Ltd. (“Levon”) (see Discovery news release of
August 2, 2019). The mineral resource estimate and Preliminary
Economic Analysis (“PEA”) supporting the disclosure in the news
release were completed by Levon, now a wholly-owned subsidiary of
Discovery. These documents are available on Levon’s SEDAR profile
at www.sedar.com and on Discovery’s website at
www.dsvmetals.com.
For further information contact: Discovery Metals Corp., #701 -
55 University Ave, Toronto, ON Canada M5J 2H7,
info@dsvmetals.com.
On Behalf of the Board of Directors“Taj Singh”Taj Singh,
M.Eng, P.Eng, CPA President, Chief Executive Officer, and
Director
ABOUT DISCOVERY METALSDiscovery
is exploring its 100%-owned Cordero silver-zinc-lead-gold Project.
The 37,000-hectare property covers an entire porphyry district that
hosts the announced resource and numerous exploration targets for
bulk tonnage diatreme-hosted, porphyry-style, and carbonate
replacement deposits. In addition, Discovery is focused on
discovering and advancing high-grade silver-zinc-lead deposits in a
land package of approximately 150,000 hectares covering a historic
mining district in Coahuila State, Mexico. The portfolio of three
large-scale, drill-ready projects and several earlier-stage
prospects, all with shallow, high-grade mineralization, is situated
in a world-class carbonate replacement deposit belt that stretches
from southeast Arizona to central Mexico. The land holdings contain
numerous historical direct-ship ore workings with several
kilometers of underground development, but there was no modern
exploration or drill testing on the properties prior to the work
carried out by Discovery.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Note Regarding
Forward-Looking Statements This news release may include
forward-looking statements that are subject to inherent risks and
uncertainties. All statements within this news release, other than
statements of historical fact, are to be considered forward
looking. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those described in forward-looking statements.
Factors that could cause actual results to differ materially from
those described in forward-looking statements include fluctuations
in market prices, including metal prices, continued availability of
capital and financing, delays in receipt of required permits,
timing of commencement of drilling, and general economic, market or
business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements
except as required under applicable laws.
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