Discovery Silver Corp. (TSXV: DSV) announced today the results of drilling at its Cordero silver project in Chihuahua State, Mexico. The highlights of the 13-diamond drill hole results include intersecting 165 g/t silver equivalent over 128.2 metres.
The drill holes reported are part of a Phase 1 drill program slated to be completed by the end of the month. This also comes a month after Discovery Silver released drill results from another 14 holes at Cordero that saw an intercept of 2,290 g/t silver equivalent over 1.3 metres.
Highlight intercepts from the 13-drill hole program include:
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- C20-405: 165 g/t silver equivalent (65 g/t Ag, 0.05 g/t Au, 1.2% Pb and 1.3% Zn) over 128.2 metres
- C21-414: 110 g/t silver equivalent (37 g/t Ag, 0.04 g/t Au, 0.8% Pb and 1.0% Zn) over 110.0 metres
As the company prepares to end its 70,100 metre Phase 1 drill program at the Cordero project, it says Phase 2 will be focused on upgrading inferred resources for prefeasibility study at Cordero, expanding its bulk-tonnage mineralization, and testing extensive high-grade vein systems that transect the deposit. A revised resource estimate and PEA are slated to be released in the second half of the year.
Full drill results released this morning can be accessed here.
Discovery Silver Corp last traded at $2.35 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. 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.
