RENO, Nev., April 30, 2014 /PRNewswire/ -- Discovery Minerals
LTD. (OTC Pink: DSCR) (PINKSHEETS: DSCR) is pleased to provide
shareholders with additional information regarding the Joint
Venture (JV) with Syngar Technologies. As announced
yesterday, the newly formed JV is being extended an exclusive North
American license with Cellunol Inc. Cellunol Inc. is a joint
venture formed between ANW Inc. of South
Africa and Syngar Technologies.
Cellunol's proprietary technology will be deployed through a
pilot project set up with one of Discovery's Industrial Hemp
growing partners. An inventory of existing industrial hemp is being
secured for the purposes of the pilot project. The objectives are
to determine the overall cost reductions and increases in ethanol
production, resulting from the technology. A typical 600 acre hemp
parcel can potentially expect to generate $1,686,000 in revenue and $1,129,000 in profit, not including the
possibility of applying for available carbon tax credits.
The following findings are based on a 2011 Manitoba dual-purpose
crop report incorporated with a Western
Manitoba farmer's report. The conclusions and yield
calculations are as follows:
Hemp producing farmland yields approximately 189,000 plants per
acre which produces 700 lbs of grain (seed) and 1.5 tons of stalk.
Approximately 70% of the 1.5 tons of stalk is the inner hurd core
with the remainder being the coveted rope-like fiber or bast. Half
the stalk is reclaimed as the dried dead male plants along with any
premature stalk material pass through the processing unit. A
typical field size of 600 acres should yield about 315 tons of
cellulose hurd and 135 tons of the more valuable four foot long
green ribbon bast fiber. This estimated yield should generate
approximately $1.686 million dollars
offset by input costs of $557,000.
Once conclusive data is collected from the pilot project
additional research data will be reported.
About ANW Inc.:
ANW is a private South African based company that has developed
and owns a proprietary cellulose pre treatment technology and
fermentation tank designs that can rapidly pre-treat cellulose
materials into a slurry product suitable for fermentation by yeasts
into ethanol. Their Oxy-hydro technologies can rapidly breakdown
plant material without the use of stream, pressure, or dangerous
acids.
About Syngar and PLUSWave:
The Company is a private Canadian company based in Edmonton, Alberta. Syngar licensed a
technology, which we call "Pulsed Low Ultra Sound Wave" (PLUSWave)
Technology. The PLUS Wave™ license is a worldwide and
exclusive for application in biofuels. The PLUSWave Technology uses
specific and proprietary ultrasound frequencies, at specific power
levels, over set time intervals to stimulate the fermentation
growth of algae, bacteria, fungus or yeast microorganisms by
upwards of 30 - 50%.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage
company formed to acquire and develop natural resource properties.
Activities include gold, precious metals and petroleum minerals,
including rare earth minerals production and sales. The Company
initiated a new program to evaluate undervalued assets, including
clean tech and alternative energy investments, for potential
addition to its portfolio.
Safe Harbor: This release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 27E of the Securities Act of 1934. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
+1(310)961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.