Discovery Metals Receives TSX Venture 50 Award
February 21 2020 - 6:00AM
Discovery Metals Corp. (TSX-V: DSV, OTCQX: DSVMF)
(“Discovery” or the “Company”) is pleased to announce it has been
named to the TSX Venture Exchange’s 2020 Venture 50™ (“Venture
50”).
The Venture 50 award goes to the top 10
companies listed on the TSX Venture Exchange (“TSX-V”) in each of
five major industry sectors. The ranking formula is based on three
equally weighted criteria: 1) year-over-year share price
appreciation; 2) growth in market capitalization and; 3) trading
volume growth. Based on these criteria, Discovery ranked in the top
10 out of more than 900 mining companies listed on the TSX-V.
Taj Singh, President and CEO, states: “2019 was
a transformative year for Discovery owing to the acquisition of the
Cordero project mid-year. We are very pleased that the work we have
done post-acquisition in conjunction with a strengthening silver
price has translated to strong market performance culminating in
being named to the Venture 50. With four drill rigs now turning at
Cordero and a clear focus on building a tier one silver company, we
look forward to continued momentum in our story in 2020 and
beyond.”
Discovery’s Venture 50 profile video can be
found at https://player.vimeo.com/video/392766285 and more
information on the 2020 Venture 50 can be found at
www.tsx.com/venture50.
About DiscoveryDiscovery Metals
Corp. (TSX-V: DSV, OTCQX: DSVMF) is a Canadian exploration and
development company headquartered in Toronto, Canada, and focused
on historic mining districts in Mexico. Discovery’s flagship is its
100%-owned Cordero silver project in Chihuahua State, Mexico. The
35,000-hectare property covers a large district that hosts the
announced resource as well as multiple exploration targets for bulk
tonnage diatreme-hosted, porphyry-style, and carbonate replacement
deposits. In addition, Discovery is also exploring multiple
high-grade carbonate replacement-style silver-zinc-lead showings in
a land package of approximately 150,000 hectares in Coahuila State,
Mexico. Although the land holdings contain numerous historical
direct-ship ore workings and significant underground development,
no drill-testing has ever been carried out.
For further information contact:
Forbes Gemmell, CFAVP Corporate Development
& Investor
Relationsforbes.gemmell@dsvmetals.com416-613-9414
On Behalf of the Board of Directors,Taj Singh, M.Eng,
P.Eng, CPAPresident, Chief Executive Officer, and
Director
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.
This news release is not for distribution to United States
newswire services or for dissemination in the United States.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy nor shall there be any
sale of any of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful, including any of the
securities in the United States of America. The securities have not
been and will not be registered under the United States Securities
Act of 1933, as amended (the “1933 Act”) or any state securities
laws and may not be offered or sold within the United States or to,
or for account or benefit of, U.S. Persons (as defined in
Regulation S under the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such
registration requirements is available.
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
Discovery 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, 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. There can be no assurance that the Private
Placement will close on the announced terms. Discovery does not
assume any obligation to update any forward-looking statements
except as required under applicable laws.
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