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$DSCR DD file for release 5/16/21
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Discovery Minerals Ltd. (OTC PINK:DSCR) is an acquisition and development company that targets natural resource properties and cutting edge technology opportunities through its subsidiaries. The Board of Directors has determined that these activities be continued with an emphasis on early positive cash flow from any projects undertaken.
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As of May 14, 2021, the number of shares outstanding of our Common Stock was: 6,599,913,081
Trading symbol: DSCR
Exact title and class of securities outstanding: Common Shares
CUSIP: 25470V109
Par or stated value: $0.0001
Total shares authorized: 10,000,000,000 as of date: 3/31/2021
Total shares outstanding: 6,599,913,081 as of date: 3/31/2021
Number of shares in Public Float: 1,540,871,578 as of date: 3/31/2021
Total number of shareholders of record: 57 as of date: 3/31/2021
Quarterly Financials released 5/15/21
https://backend.otcmarkets.com/otcapi/company/financial-report/283276/content
No O/S change as of 3/31 & 5/14/21.
Increased cash on-hand QoQ.
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Websites:
https://discoveryminerals.com
https://discoverymineralscoin.com
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DSC Coin Information and Contract:
Total amount minted: 210m
Contract: 0xF4A9b9311D5167Dc36E6b39f5c0BaaA60BbcBbC1
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1
April 20, 2021 / Discovery Minerals LTD (OTC PINK:DSCR)
The precious metals exploration and production company, is pleased to announce the selection of Alt 5 Sigma Inc., for the development of its Discovery Coin ("DSG") and Payment Gateway.
"The Discovery Gold Coin is a great opportunity for both our shareholders and holders of the Coins alike. As the Ruby gold mine consolidates into expanded production, Discovery Minerals Ltd will explore dedicating part of the reserves and production to the Discovery Gold Coin assets. Details of such a transaction are currently being formulated," further added Mr. Smith. Mr. Andre Beauchesne, Chairman of ALT 5 Sigma, applauded this concept as being positive for both Discovery Gold Coin and Discovery Minerals Ltd.
May 11, 2021 / Discovery Minerals LTD (OTC PINK:DSCR)
The precious metals exploration and production company, is pleased to announce the launch of it's Discovery Minerals Coin, a utility cryptocurrency. The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
Coins can be purchased by going to the DSC website:
https://discoverymineralscoin.com
As of the creation of this file, DSC has a total of:
Holders: 104
Transfers: 137
The total amount of coins sold as of the time of this file is: 26,458.5
At $2 per coin (current sales price) sales have generated: $52,917
https://etherscan.io/token/0xf4a9b9311d5167dc36e6b39f5c0baaa60bbcbbc1#balances
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What about Crypto and other assets!?
This screenshot shows $465,575 worth of Ether and $241,077 in cash, in an account that funded the original ether to the account that holds the 210m DSC coins, and received 1 DSC coin in return (address 0x4016eE5A7698C17b3c0A451FEE0126bb1cEc593 to contract 0xF4A9b9311D5167Dc36E6b39f5c0BaaA60BbcBbC1).
That is a total of $706,652 in assets in the account that “funded” the DSC coin contract and received 1 coin in return:
Source: https://etherscan.io/address/0x4016eE5A7698C17b3c0A451FEE0126bb1cEc5935
And what else has that account (address 0x4016eE5A7698C17b3c0A451FEE0126bb1cEc5935) been up to?
It has transferred ether and funds to address 0x5797F722b1FeE36e3D2c3481D938d1372bCD99A7 that holds $7,883,814 in ether and $6,932,173 in Tether:
Source: https://etherscan.io/address/0x5797F722b1FeE36e3D2c3481D938d1372bCD99A7
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Some of this is speculation. I will admit I cannot prove much of anything when it comes to these contracts… but maybe I can get the CEO to confirm ownership of one or both.
Some other things we know about the coin:
The coins can be transferred to an erc-20 wallet such as atomic wallet or trust wallet (although there are many that will work). DO NOT transfer tokens to an Etherium wallet yet (or you risk losing all of your coins).
Transactions placed for the DSC coin must be on a 3DS supported credit or debit card. Also, due to it being a foreign transaction, you may have to call your bank prior to placing the transaction successfully.
We know for sure that these issuers WILL DO NOT SUPPORT 3DS: Bank of America, Chase, and Citi (therefore cards from these issuers will not work).
The minimum amount allowed is a $250 transaction… although the company stated $50, and the initial minimum was 50 coins, or $100… I am working to get clarification on this from the company and will be asking that they lower the minimum to 25 or 50 tokens.
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What, if anything, do we know about the Share Structure and Transfer Agent:
$DSCR ~ Ok so Pacific Stock Transfer is the TA... their website is: www.pacificstocktransfer.com/
When you go there and click on Share Structure, you get this:
Pacific Stock Transfer is now a member of the Transfer Agent Verified Shares Program (TAVSP) through OTC Markets.
Please visit their website, search for the company you are inquiring about, and locate their share structure information under the Security Details menu. If a shield is shown, it means the information is automatically pulled from our system as of the date shown.
When you click "website" in this paragraph, it takes you to https://otcmarkets.com
And when you search for DSCR, and go to "Security Details" as per the paragraph from Pacific's website) you will see the shields next to each line of share structure data.
So these numbers are UPDATED DAILY, and they haven't changed in quite some time.
There is no dilution as far I can tell ( and this was confirmed with 5/15/21 Quarterly).
**Insiders own 15.006% of the outstanding shares (per latest quarterly filing)**
Insider Ownership:
Russell Smith CEO/Director/Beneficial owner 754,000,000 Common 12.5%
William McNereny Director 35,500,000 Common .006%
Girvan Jackson Director 150,000,000 Common 2.5%
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How about the Mine? (Ruby Gold Mine):
"DSCR is pleased to announce that it has completed an agreement to acquire the Ruby Mine from Sierra Gold LLC. Discovery's geologists have commenced generating a 3-D model of the property and workings as well as geological evaluation and assessment of all known existing resource targets."
"We are pleased to announce Discovery's technical team is set to meet on site next week. Among the major items to be discussed is the possible use of GPR (ground penetrating radar) to pinpoint the position of the coarse gold sources in the underlying green stone formation."
Now I know that the Ruby Mine is in escrow until early August… the real estate agent that brokered the deal confirmed this information within the last couple days… also there are many sites that show that the mine is off market.
Here are 3 examples:
https://www.landandfarm.com/property/Ruby_Gold_Mine_Fully_Permitted_and_Operational-4733201/
https://www.landwatch.com/sierra-county-california-undeveloped-land-for-sale/pid/332502916
https://www.loopnet.com/Listing/14714654/Old-Henness-Pass-Rd-Downieville-CA/
Conversation with listing agent:
Source: https://investorshub.advfn.com/uimage/uploads/2021/5/16/ycfbudscr_2.jpg
Discovery Minerals Commences Mining Operations
Press Release | 04/13/2021
Discovery Minerals Executes Agreement with Sierra Gold LLC to acquire the Ruby Mine in California and has commenced preliminary work.
GRASS VALLEY, CA / ACCESSWIRE / April 13, 2021 / Discovery Minerals LTD (OTC PINK:DSCR), is an acquisition and development company that targets natural resource properties and cutting edge technology opportunities is pleased to announce that it has completed an agreement to acquire the Ruby Mine from Sierra Gold LLC.
Discovery's geologists have commenced generating a 3-D model of the property and workings as well as geological evaluation and assessment of all known existing resource targets.
The Ruby is one of California's best-known buried placer mines, and is considered by many to be one of the largest producing river channel mines of modern times. It features a system of gold-bearing Tertiary channels which have been reported to have already produced over 250,000 ounces of gold.
The Ruby is also renowned for its production of coarse and jewelers-grade gold, with the largest gold nugget weighing 201 ounces or 17 pounds. It is conservatively estimated that 134,844 ounces of gold are available for near-term recovery from identified channels using the existing Ruby infrastructure. Placer, refers to mining the buried watercourse river bed at Ruby.
There are 3.5 miles of river channels yet to be mined on the Ruby mining claims. Historically the channels have produced up to 106,000 oz per mile, indicating a potential of 370,000 oz of gold still to be mined from the buried placer.
In addition to the well established placer ore that will be mined initially, one of the most exciting features of the Ruby mine is the large greenstone belt formed in the Archean Age that is largely unexplored and is the source of the placer gold. The Discovery Minerals Geologists will be investigating this greenstone belt.
There are clear indications of this occurrence in the Wolf Vein that produced 1625 oz of gold by the earlier miners from the vertical greenstone formation that underlies the buried river channels. Although only worked at very shallow depths underfoot from the main Ruby access tunnel, the production was reported to have averaged 10 grams per ton of gold at working widths.
Using modern geological concepts & technologies that have emerged around the world in other gold mining areas, Discovery Geologists will use experience gained in the past 40 years where shut down mines have often doubled their original output of gold by starting new operations adjacent to and underneath these previous operations.
Geologists have proposed that with careful evaluation and a judicious drilling program a substantial new resource could be uncovered.
The Ruby Mine is located between Downieville and Forest City, in Sierra County, California, approximately 100 miles north of Sacramento and 90 miles west of Reno, NV. The property covers approximately 1,755 acres consisting of the subsurface mineral rights and mining claims.
Discovery Minerals (@DiscoverDSCR) May 4, 2021
$DSCR-The company is pleased to announce it has completed the meeting with the geologist at The Ruby Mine. We had a extremely successful trip and will be tweeting more images from our meeting .
And on May 12th, 2021 we got this update:
$DSCR-The ruby gold chief geologist has just arrived back in his home office and will be working on the 3-D maps of the main workings and structures. He will also be working on orereserve calculations and drill targets.
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Other information:
Go to: https://otcmarkets.com
Under Company Profile >> Profile Data you will see this:
Shell:
No
Yet the DSCR still shows as a “shell risk” on otcmarkets. I am in the process of emailing them for clarification.
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All of this in the last 45 days:
NEWS
Discovery Minerals Announces Official Launch of the Discovery Minerals Coin ACSW | 05/11/2021
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Announces-Official-Launch-of-the-Discovery-Minerals-Coin?id=302333
Discovery Minerals Selects Alt 5 Sigma for the Development of its Discovery Coin and Payment Gateway ACSW | 04/20/2021
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Selects-Alt-5-Sigma-for-the-Development-of-its-Discovery-Coin-and-Payment-Gateway?id=299060
Discovery Minerals Commences Mining Operations ACSW | 04/13/2021
https://www.otcmarkets.com/stock/DSCR/news/Discovery-Minerals-Commences-Mining-Operations?id=297906
FILINGS AND DISCLOSURE
Quarterly Report - March 31 2021 | 05/15/2021
https://backend.otcmarkets.com/otcapi/company/financial-report/283276/content
Attorney Letter with Respect to Current Information - Attorney Letter of Opinion | 04/05/2021
https://backend.otcmarkets.com/otcapi/company/financial-report/277310/content
Quarterly Report - December 31 Quarterly | 03/30/2021
https://backend.otcmarkets.com/otcapi/company/financial-report/276041/content
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Image: https://investorshub.advfn.com/uimage/uploads/2021/5/16/xoaqydscr.png
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Social Media resources:
iHub - Discovery Minerals board
https://investorshub.advfn.com/Discovery-Minerals-LTD-DSCR-7600/
iHub - Discovery Minerals Coin board
https://investorshub.advfn.com/Discovery-Minerals-Coin-DSCX-39475/
Stocktwits - DSCR
https://stocktwits.com/symbol/DSCR
Reddit - /r/DSCR
https://www.reddit.com/r/DSCR/
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