Discovery Minerals LTD (DSCR)

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Latest News of DSCR:

Discovery Minerals Set to Launch M.I.N.E. (TM)

RENO, NV--(Marketwired - Jan 13, 2014) - Discovery Minerals, Ltd. (OTC Pink: DSCR) is pleased to inform its shareholders that its mobile mining application has been submitted to Android and Apple for final approval before the workable beta version is ready to use. The name of the Application is M.I.N.E™ which stands for "Mineral Industry Network Explorer." The logo and App Icon are currently being finalized and a full launch is expected within the next two weeks.

Russell Smith, Discovery's CEO, stated, "The progress we have made in launching the mining application sets the Company on target to provide a much needed tool which will be beneficial to both Issuers and Investors within the Mining Industry."

Discovery's Chief Operating Officer, Henry Manayan, added, "We are happy to publicly share this app with others which we anticipate will not only bring a better understanding of what we do, but also provide a greater awareness and interest in our world's natural resources."

In addition to its previous announcement regarding the company's option to purchase a royalty interest in a Canadian gold mine, Discovery Minerals has commenced negotiating the option to purchase its second Net Smelter Revenue interest royalty. The details regarding the option agreement will be released in the coming weeks.

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Discovery Minerals Takes Option to Purchase Royalty on Menary Gold Mine

RENO, NV--(Marketwired - Jan 8, 2014) - Discovery Minerals Ltd. (OTC Pink: DSCR) CEO, Russell Smith, was pleased to announce Discovery has taken an option to purchase a royalty in a Canadian gold mine. The royalty is a 1.5% Net Smelter Revenue (NSR) interest on gold production from certain claim blocks located in Menary Township, Ontario.

The Option to purchase the NSR for $50,000 is for a six-month minimum period with an extension available at the election of the Company, by paying an extension Fee.

Highlights of the factors affecting the value of the NSR are below:

Diamond drill program on over 4700 meters throughout multiple gold zones in quartz-carbonate hosted shears/vein systems over the Wagg area (on Patented claim).
Multiple, visible gold hits observed in the core and in bedrock surface exposures often over 1 ounce per ton in grade.
Preliminary bulk sample test of approximately 1000 metric tons, recovered a significant amount of free-milled gold.
Approximately 900 tons of tailings on site; a grading of 3.5 grams per ton are on site.
A number of other gold occurrences can be found on the property -- in the Wagg, Galbraith 'A,' New Shear and Galbraith 'B' veins.
Property is along the strike and in the same geological belt as the Rainy River Resource (Richardson Township Deposit, now New Gold Inc. with + 5 million ounces of gold outlined -- see link to New Gold Inc. -- 'www.newgold.com')
Property is in "good standing" and will be for at least 5+ years having over $1.2 million expended on it in the last three years -- see press release from Kings Bay Gold Corp. (link -- 'www.kingsbaygold.com' -- Menary Property).
Total land package include 10 claims for 61 claim units or approximately 2440 acres in size.
Property is close to Nestor Falls, Ontario, about an hour's drive south of Kenora or one hour north of Fort Frances, Ontario, and is readily accessible for field work and drilling viewing in the summer months.
High potential for gold, silver, copper, nickel and cobalt findings on the property.

About Discovery Minerals Limited

Discovery Minerals Ltd. (FRANKFURT: A0LB3X) (Kurzel: D7Z) (OTC Pink: 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.

- Go DSCR