Discovery Minerals LTD (DSCR)

Discovery Minerals Ltd 

 

OTC:DSCR 

 Discovery Minerals Ltd.,is an acquisition and development company that targets natural resource properties through its subsidiaries. The Board of Directors has determined that these activities be clearly defined and separated within the company. All previous operations and activities such as precious metals/mining and industrial hemp growing & processing and clean alternative energy technology will be preserved and held in a new corporate structure as a subsidiary. Suitable management recruits are being sought for these pursuits by Discovery at this time. Shareholders will be kept advised of these arrangements in the normal way. The Company currently has an Option Agreement with Meritus Minerals to acquire their interest in a Gold Mining Project in Mongolia. Discovery has engaged a local attorney in Ulaan Bataar following a site & Country visit and is carrying out their Due Diligence investigation. Discoverys Project Manager has recently travelled to Kyrgyzstan to evaluate the possibility of entering into a joint venture with a well established local mineral exploration group into a high grade gold mine that has been delineated by diamond and reverse circulation drilling. Further drilling is planned to increase reserves.

 

Discovery Minerals Ltd  OTC:DSCR  
 Company  listing now shows all information current.    August 27^th  2018.

The Board of Directors are pleased to announce that the Company is now current with all compliance filings including Financials for June Quarterly 2018.

As announced recently Discovery Minerals Ltd  currently has an Option Agreement with Meritus Minerals to acquire their interest in a Gold Mining Project in Mongolia. Discovery’s Mining Projects Manager,  Girvan Jackson,  has just arrived in Ulaan Bataar to continue  the Company’s Due Diligence investigation of this Project.  Some information regarding requests by the local population in the mine vicinity have been delivered to Discovery’s  local attorney in Ulaan Bataar and will be addressed by Mr Jackson while there,  as a matter of priority. Mr Jackson stated that these matters are best known early so as to be factored into the mining development Plan. Local construction groups have offered to build mine accommodation for all personnel using local materials and a conveniently located bridge which will save many thousands of miles of travel over the course of the mine life.

While in Mongolia the Manager plans to visit other gold mine orebodies that have become available through their Mining Industry network.

Discovery Minerals Ltd Announces Shareholder Update and Executed LOI for US Mining Project

GlobeNewswire•December 27, 2018







 

An LOI was executed for a Gold and Silver Project on War Eagle Mountain, Idaho. The Company expands Board of Directors and Advisory Board.

Phoenix, Arizona, Dec. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Discovery Minerals LTD (DSCR) is an acquisition and development Company that targets natural resource properties primarily in precious metals and mining operations. Discovery Minerals is pleased to announce a shareholder update from the Board of Directors.

Dear Shareholders: 

We are very pleased to announce recent accomplishments and plans for expanded operations in 2019.  These include:

·         Earlier in 2018 the Company brought all filings current.

·         The Company has changed domicile to Wyoming creating direct cost benefits as well as additional investment opportunities for the Company.

·         The Company has raised sufficient capital to enable active programs of inspection and investigation for suitable gold and precious metals mining projects targeted “near to production.”

·         The Company is continuing to negotiate for more favorable terms with Meritus Minerals for the Mongolian Gold mining project.

·         Mr. Girvan Jackson, a seasoned expert with over 30 years operational experience in mining and specific expertise in underground mining operations, has joined the Board of Directors of the Company and accepted the position of Operations Manager.

·         The Company has created an advisory panel to include John Archibald, Geologist, Rex Motton, Geologist and Darryl Pilgrim, Metallurgist and Mine Economist.

·         The Company has executed an LOI for a joint venture with the owners of Gold & Silver Project on War Eagle Mountain, Mahogany, Poorman, Oro Fino, Golden Chariot workings, IDAHO.  The Joint Venture will commence a pre-mining program in January 2019 which will include survey reports, geological mapping as well as a report on the existing, milling and extraction facility with a view of increasing throughput from 3 tons per hour to 10 tons per hour.  In addition, the JV will continue the excellent work of the owners to gain access to the previous workings where industry knowledgeable commentators declared that these mines rivaled the Comstock lode in Virginia City in production of volume of gold and silver bullion.

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.

OTC DISCLOSURE & NEWS SERVICE

DSCR Announces Update for War Eagle Mining Plan 1/23/2018

Discovery Minerals Ltd Announces Shareholder Update and Executed LOI for US Mining Project 12/27/2018

All Quarterlies & Financial Information Now Current and Cleared   08/27/2018

Discovery Minerals Ltd. New Gold Production Prospect  | 07/31/2018

Discovery Minerals signs agreement for Mongolia Gold Project  05/31/2018



FILINGS AND DISCLOSURE
 

Pink Current Information

Verified Profile 07/2018

Annual Report - September 30  12/28/2018

Quarterly Report - Quarterly June 2018 08/22/2018

                                 Contact :       info@discoveryminerals.com            

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