Discovery Silver Corp. (TSXV: DSV) announced today the results from 13 diamond drill holes at the Josefina vein at the company’s flagship Cordero silver project in Chihuahua State, Mexico. The highlights of the drill results include intersecting 3,934 g/t silver equivalent over 1.1 metres.
The drill holes in this report are part of the recently completed Phase 1 drill program, the results of which will be incorporated in a new resource estimate and PEA scheduled for Q3 and Q4 2021, respectively.
Highlight intercepts from the results are:
- C21-457: 3,934 g/t silver equivalent (1,570 g/t Ag, 16.25 g/t Au, 7.0% Pb, 19.0% Zn) over 1.1 metres
- C21-435: 1,179 g/t silver equivalent (385 g/t Ag, 1.15 g/t Au, 5.9% Pb, 11.9% Zn) over 4.5 metres
- C20-439: 1,202 g/t silver equivalent (883 g/t Ag, 0.16 g/t Au, 5.2% Pb, 3.0% Zn) over 1.3 metres
The company relayed that these drill results confirmed the continuity of bonanza grade mineralization along the central part of the Josefina vein target.
Discovery Silver is now currently in Phase 2 of its drilling program, which will be focused on upgrading inferred resources for the prefeasibility study at Cordero, expanding its bulk-tonnage mineralization, and testing extensive high-grade vein systems that transect the deposit. A total of 17,200 metres have been completed under the program to date via a total of 47 holes.
In April 2021, Discovery Silver released drill results from the Cordero project that saw a highlight intercept of 165 g/t silver equivalent over 128.2 metres.
Full details of the drill reports can be accessed here.
Discovery Silver Corp last traded at $1.97 on the TSX Venture.
Information for this briefing was found via Sedar and Discovery Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.