Riding the gold rush in $DSCR
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These assays are consistent with the previous report by Geoff Boswell of Underhill Associates, with up to 15.9 grams per ton gold (half ounce per ton) and a ratio of 20:1 of silver to gold. The Board of Directors of DSCR is pleased that given the quality of the sampling from the potential ore zones combined with the increase in gold prices, the yield from the target zone is expected to coincide with the original mining plan.
The assay results were from a set of 48 reconnaissance samples from War Eagle Mountain that have been recently received. Overall the samples averaged 2.67 ppm Au and 53.9 ppm Ag and ranged up to 15.9ppm Au and 493 ppm Ag. Forty-three samples were taken from the Oro Fino reef zone or associated waste material and these averaged 2.94 ppm Au and 58.4 ppm Ag. Of the 43 Oro Fino samples 37 samples (86%) are greater than 0.5ppm Au (see table below). Some of the lesser mineralized samples were host rock material, as was expected. The table is presented from the southern Mahogany area to the northernmost area at the Cape Horn. Gold and silver mineralization are present throughout the length of the Oro Fino vein.
Outcrop and sub-crop samples from the Oro Fino vein system yielded widespread potentially economic mineralization with 15 of 24 for these types of samples being greater than 1 Gm / per ton Au and four of these samples ranging between 5.25 and 15.9 ppm Au, including one sample with 493 ppm Ag.
The program included a series of waste dump samples that aimed to assess waste dump potential for processing and gold extraction as a means of early cash flow. A composite grab sample was taken for each of these dumps and then a selected quartz vein sample was taken. These paired samples may indicate the potential for upgrading the waste dump resources by either screening or screening and optical ore-sorting. The average for the six composite samples is 1.15 ppm Au & 32 ppm Ag, whereas the hand selected quartz samples averaged 3.88 ppm Au & 80 ppm Ag, which is an encouraging result. Further tests will be carried out aimed at establishing a method of waste dump upgrading or beneficiation.
Overall the sampling has demonstrated that the Oro Fino vein system is mineralised on both the hanging wall (east) and footwall (west) veins for a length of approximately 4000’. The results are a positive step toward developing a shallow potentially mineable gold and silver resource as a short to medium term goal for the company with considerable scope for deeper exploration and possible mining in due course.
Further assays are expected and a drill program is being designed that will address drilling the entire length within the shallower portion of the Oro Fino vein system.
Sample ID Order Zone Vein Type Qtz % Au ppm Ag ppm Notes
MAH01 1 Mahogany Oro Fino Dump grab 100 4.22 95
MAH02 1 Mahogany Oro Fino Rock chip 80 3.53 68
MAH03 1 Mahogany Oro Fino Rock chip 80 2.19 5
MAH04 1 Mahogany Oro Fino Rock chip 80 1.89 6
MAH05 1 Mahogany Oro Fino Rock chip 80 3.30 37
MAH06 1 Mahogany Oro Fino Dump grab 10 0.56 26
SUM01 2 Summit Oro Fino West vein Rock chip 45 0.71 22
SUM02 2 Summit Oro Fino West vein Float grab 100 15.90 68
SUM03 2 Summit Oro Fino West vein Dump grab 90 6.04 68
CUM01 3 Cumberland Oro Fino Dump grab 100 4.00 263
CUM02 3 Cumberland Oro Fino Dump grab 5 0.11 344 Host rock
CUM03 3 Cumberland Oro Fino Dump grab 0 0.01 12 Host rock
CUM04 3 Cumberland Oro Fino Dump grab 1 1.08 50
CUM05 3 Cumberland Oro Fino West vein Float grab 90 0.08 9
CUM06 3 Cumberland Oro Fino West vein Float grab 90 0.11 12
CUM07 3 Cumberland Oro Fino West vein Rock chip 40 0.92 20
CUM08 3 Cumberland Oro Fino West vein Rock grab 90 2.97 9
CUM09 3 Cumberland Oro Fino East vein Float grab 100 13.65 493
CUM10 3 Cumberland Oro Fino Float grab 90 7.03 50
CUM11 3 Gold Chariot Oro Fino Rock chip 15 0.14 5
ORO01 4 Oro Fino Oro Fino East vein Rock chip 90 1.53 10
ORO02 4 Oro Fino Oro Fino East vein Rock chip 80 3.02 74
ORO03 4 Oro Fino Oro Fino East vein Rock chip 80 0.59 69
ORO04 4 Oro Fino Oro Fino East vein Rock chip 5 0.55 47
ORO05 4 Oro Fino Oro Fino East vein Rock chip 60 3.39 55
ORO06 4 Oro Fino Oro Fino Dump grab 10 1.34 24
ORO07 4 Oro Fino Oro Fino East vein Rock chip 90 1.73 88
ORO08 4 Oro Fino Oro Fino Dump grab 100 3.66 24
ORO09 4 Oro Fino Oro Fino Dump grab 90 11.75 133
ORO10 4 Oro Fino Oro Fino Dump grab 40 1.23 37
ORO11 4 Oro Fino Oro Fino Dump grab 100 1.68 18
ORO12 4 Oro Fino Oro Fino Dump grab 40 1.21 46
ORO13 4 Oro Fino Oro Fino Dump grab 100 3.66 36
ORO14 4 Oro Fino Oro Fino Dump grab 5 0.99 13
ORO15 4 Oro Fino Oro Fino Dump grab 100 7.43 46
ORO16 4 Oro Fino Oro Fino East vein Rock chip 60 0.94 13
ORO17 4 Oro Fino Oro Fino East vein Rock chip 50 0.14 14
ORO18 4 Oro Fino Oro Fino Dump grab 25 1.82 19
ORO19 4 Oro Fino Oro Fino Dump grab 100 2.26 20
ORO20 4 Oro Fino Oro Fino West vein Rock chip 90 1.33 15
CH101 5 Cape Horn Oro Fino West vein Float grab 100 5.25 19
CH102 5 Cape Horn Oro Fino East vein Dump grab 100 0.48 7
CH103 5 Cape Horn Oro Fino Float grab 100 2.19 23
Funky Monkey sez “GO TIME “ “stay funky my friends”
Funky Monkey disagrees with you! “ stay funky my friends”
Discovery Minerals LTD Report for War Eagle Mountain Project
Press Release | 08/06/2019
Report on mining operations and expanded geology identifying additional target ore bodies
Murphy, Idaho, Aug. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Discovery Minerals LTD (OTCQB:DSCR), the precious metals exploration and production company, is pleased to announce the progress of the assessment of the War Eagle Oro Fino Gold-Silver Project in Idaho, USA. The Oro Fino vein is the first target of three major vein systems at War Eagle Mountain. Discovery Minerals along with their joint venture partner Murphy Noble Metals have commenced mining operations and recently completed an additional geological review and geochemical reconnaissance sampling program at their War Eagle Mountain project in Idaho.
Key Points about the Discovery Minerals War Eagle Mountain Project;
· Mining operations, including uncovering old workings progressing.
· Project geologist has carried out reconnaissance mapping & sampling of the Oro Fino Vein.
· The vein system is up to 150’ wide consisting of hanging wall and footwall veins, with intervening weathered and altered granodiorite with quartz veinlets.
· Accessible open-cut type drill target for oxidised ore establish in the central 2000’ length making an immediate drill target of 2000’ by 150’.
· Oxidised weathered ore can probably be beneficiated by screening out host rock improving grade as well as cutting trucking and processing costs.
· Old adit workings in the north could yield access to lower levels of the mine/vein system toward the base of the Oro Fino shaft, where less mining has occurred.
· Dump and rock sampling of 83 samples collected and assays pending in two batches.
· Waste dump assays will be used as grade control to establish which dumps can be trucked or further beneficiated for short term gold production.
· Given that old mining technologies were likely the cause for high cost of production causing mine closures when host rock became excessively hard and metallurgical processing & extraction became less efficient with deeper ore containing sulphides, provides additional opportunity with implementation of modern mining technologies.
· The project has open cut and underground resource potential that could well exceed previous production of ~350,000-400,000 ounces gold equivalent.
The Discovery Minerals and Murphy Noble Metals Joint Venture recently completed an expanded geological review and geochemical reconnaissance sampling program at their War Eagle Mountain identifying increased resource potential. The program covered a 4500’ long section of the Oro-Fino structure. Reconnaissance has confirmed that the Oro-Fino vein is in fact composed of two parallel lesser veins that have been variably worked for gold and silver over much of the entire length. These two main veins are up to 150’ apart. The veins are hosted by a weathered granodiorite, with occasional basaltic and rhyolitic dykes present. Minor sub-parallel anastomosing and cross cutting quartz veinlets occur along each vein set as well as between the two main vein sets, which in some areas were mined in their entirety as small open cut workings using 1800s technology (Figure 1) .
The photograph of the west vein open cut near the Oro Fino shaft shows a long slot that was removed for a length of 330’ and up to ~25’ wide. It is apparent that the working does not connect to stopes below, which supports the view that the area is an excellent drill target, which forms part of the 2000’ central strike portion that forms an immediately accessible drill target for the potential open cut resource assessment planned for this exploration season. An RC drill target of 2000’ by 150’ is therefore envisaged.
One of the key aspects for the gold-quartz veins occurring within the weathered zone of the potential open cut envelope is the highly weathered nature of the host rock, which means that the ore could be further upgraded by beneficiation through screening out the weathered granodiorite. This host rock is very friable and would be ‘free dig’, without the need for explosives making a further lower cut-off grade possible than normal hard rock open cut operations.
Figure 1 Oro-Fino West Vein open cut near the main Oro-Fino shaft
Reconnaissance also established that the gold workings were more extensive than previously recognised, with hitherto unknown adits being discovered in the northern section of the company’s tenements. These old adits are significant as they are on a north facing slope and they all therefore tunnelled south toward the main workings of the Oro-Fino shaft which reached 350’ deep. The elevation of some of these lower adits is similar to the bottom of the Oro-Fino shaft. It is likely that these tunnels would not have reached the Oro-Fino shaft due to the restricted tenement holdings of the various companies that operated during the 1860s. The newly discovered adits, if refurbished and extended would give Discovery Minerals access to the lower reaches of the old Oro-Fino shaft workings about 1600’ south. Drilling prior to mine development is envisaged to establish resources in the nearby area. This area is to the right of the long section shown below (Figure 2).
Figure 2 Long Section of the Oro Fino vein system, showing the extent of stoping.
The long section also shows that the majority of the mining stopped at 6750’ above sea level. It does not however show the west and east vein systems. It is interesting to note that the stoping was generally continuous throughout the upper levels thus proving that a consistently rich ore existed. The reasons suggested by old reports are a combination of the Oro Fino veins being no longer surface supergene enriched and oxidised thus allowing simple metallurgical treatment and the host granodiorite becoming increasingly hard. Technology of the day when the mines operated was all hand tools and working in a hard granodiorite fresh rock environment that would have necessitated a very high ore grade. This would account for the two ounces per tonne production grades from the deep Mahogany shaft, where mining costs would have been very high using such methods in very hard rock. Such 1800s issues are no longer a problem with modern technology. The area below these workings therefore constitutes an important exploration target, which can readily be assessed by diamond and RC percussion drilling.
Furthermore, the Mountain Chief vein occurs about 270’ east of the Oro-Fino vein and some sampling has taken place. Very little historical information is available about this vein; however, it offers a potential extra ore source within the project.
Rock sampling has taken place along the entire length of the Oro Fino veins and has so far gathered 83 samples of various material including quartz vein outcrops and grade control of the old waste dumps. These assay results are pending with the first batch nearing completion. The return of the assay data will aid the company’s short to mid-term strategy for gold and silver production and exploration drill targeting.
As part of this strategy for near term production there are a large number of waste dumps on site that have significant overall tonnage which could be suitable for a small to medium scale operation. These dumps may still contain economic gold grades if processed in a suitable manner and sampling of these dumps has already taken place. Given that the historic production costs were around one ounce per tonne for the ~400,000 ounces produced then there is likely excellent material available in the waste dumps. The company is also investigating means of beneficiation for these waste dumps as well as through screening, as discussed earlier in addition to modern ore sorting technology. Sampling of the waste dumps has been based upon taking this into consideration.
About Discovery Minerals Ltd.:
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 have emphasis on early positive cash flow from any projects undertaken.
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.
Authorized by Russell Smith, CEO.
Contact: Discovery Minerals Ltd. Info@discoveryminerals.com
Hope everyone is having a funky monkey Sunday! FM sure is. Swinging through the trees watching the monster posting coming in. DSCR is about to make a mad push north. Funky Monkeys boots on the ground down the road in silver city say “ it is ON”. There is a buzz going on with Discovery Minerals Ltd that is about to blow away every share holder. Who remembers k mart blue light special? Shares of DSCR are on blue light special only tomorrow. Flippers are slowly being weeded out of the stock. We go past .001 and new type of trader comes in. This a way bigger trade than iHub! I am sure by now scanners are very well dialed into the dscr trade.
The chart is solid for breakout to .001s. $Dscr is a monster rising from ashes.
So CDEL rerouted his order to ETRF..this is a classic MM trick and people buy it.. stock is short.. Monday will be a totally funky monkey trading day. Add ETRF and CDEL shares up!,, Need more cheap bananas
Funky Monkey hour coming up. CDEL is main market maker on order flow for DSCR. FM called a MM. buddy . It is a fake wall. PPS headed past .001s soon.
Funky Monkey luvs copper rocket.
CDEL WAS FAKE. Stay funky my friends .0007s super super thin. .0009s today
Good morning funky monkeys! Looking @.0009s . Boots on the ground are busy ramping up operations at mining site in Idaho . Steady flow of twitter post from CEO, steady press cycle has begun and has anyone seen the DSCR LinkedIn page? FM jumping up and down anticipating the essays repot. IFMHO we could see today or Monday. Share structure is small for a BEAST trade like DSCR as company goes into full production. The company actually invites people to actually come to the project, visit ,, meet the CEO And see what’s going on. That is pretty damm transparency on both CEO and companies part. This stock is set for being a copper rocket easy. Gold , silver and very easily COPPER PPS...
The Discovery Minerals and Murphy Noble Metals Joint Venture recently completed an expanded geological review and geochemical reconnaissance sampling program at their War Eagle Mountain identifying increased resource potential. The program covered a 4500’ long section of the Oro-Fino structure. Reconnaissance has confirmed that the Oro-Fino vein is in fact composed of two parallel lesser veins that have been variably worked for gold and silver over much of the entire length. These two main veins are up to 150’ apart. The veins are hosted by a weathered granodiorite, with occasional basaltic and rhyolitic dykes present. Minor sub-parallel anastomosing and cross cutting quartz veinlets occur along each vein set as well as between the two main vein sets, which in some areas were mined in their entirety as small open cut workings using 1800s technology
www..discoveryminerals.com
For all the little Ukulele‘s out there . It is time
Funky Monkey sez.0009s..tomorrow! Monday off the chain PPS$$$$$$$$$$$$$$$$$. Stay funky my friends
Hehe stay funky my friend!
Lower trips are gone for good. Copper rocket has left the launching Pad!
CDEL is definitely FAKE
FAKE. I have seen a mm trader before watching as he did what CDEL is doing... every now and then CDEL makes it look like he is getting filled by puking a few shares off ask... fake fake fake ... I have friends that are x mm traders!
funky monkey hour 4 mins Stay funky my friends
Second 52 week high so far on $DSCR today. Stay funky my friends!
Funky monkeys target past .001s first stage with Assays PRs..3 different reports to be released...we have a copper rocket here ...stay funky my friends
funky monkey looking close to L2 and trading. 36mm@.0007 CDEL is fake. Hasn’t a share been sold . No way CDEL is not grabbing order flow. Shorts are covering. Time to turn up heat folks. Stay funky my friends
The. Heat is on! Glenn fry.
.0007 thinning. Gone shortly.
Thank you Ricky , this is nothing as to what is about to happen volume wise and PPS+
Crazy JC, FUNKY MONKEY SEZ .001 SOON .0006are stupid thin.
$DSCR NEW 52 week high! Blocks taking out ask @ .0006.
1500.00$ ( closing price of gold per oz 8/07/2019 ) x The project has open cut and underground resource potential that could well exceed previous production of ~350,000-400,000 ounces gold equivalent.
Easy math here! “ stay funky my friends”
Furthermore, the Mountain Chief vein occurs about 270’ east of the Oro-Fino vein and some sampling has taken place. Very little historical information is available about this vein; however, it offers a potential extra ore source within the project.
Rock sampling has taken place along the entire length of the Oro Fino veins and has so far gathered 83 samples of various material including quartz vein outcrops and grade control of the old waste dumps. These assay results are pending with the first batch nearing completion. The return of the assay data will aid the company’s short to mid-term strategy for gold and silver production and exploration drill targeting.
As part of this strategy for near term production there are a large number of waste dumps on site that have significant overall tonnage which could be suitable for a small to medium scale operation. These dumps may still contain economic gold grades if processed in a suitable manner and sampling of these dumps has already taken place. Given that the historic production costs were around one ounce per tonne for the ~400,000 ounces produced then there is likely excellent material available in the waste dumps. The company is also investigating means of beneficiation for these waste dumps as well as through screening, as discussed earlier in addition to modern ore sorting technology. Sampling of the waste dumps has been based upon taking this into consideration.
good Times..
You get 5 monkeys for that great statement.! Key Points about the Discovery Minerals War Eagle Mountain Project;
· Mining operations, including uncovering old workings progressing.
· Project geologist has carried out reconnaissance mapping & sampling of the Oro Fino Vein.
· The vein system is up to 150’ wide consisting of hanging wall and footwall veins, with intervening weathered and altered granodiorite with quartz veinlets.
· Accessible open-cut type drill target for oxidised ore establish in the central 2000’ length making an immediate drill target of 2000’ by 150’.
· Oxidised weathered ore can probably be beneficiated by screening out host rock improving grade as well as cutting trucking and processing costs.
· Old adit workings in the north could yield access to lower levels of the mine/vein system toward the base of the Oro Fino shaft, where less mining has occurred.
· Dump and rock sampling of 83 samples collected and assays pending in two batches.
· Waste dump assays will be used as grade control to establish which dumps can be trucked or further beneficiated for short term gold production.
· Given that old mining technologies were likely the cause for high cost of production causing mine closures when host rock became excessively hard and metallurgical processing & extraction became less efficient with deeper ore containing sulphides, provides additional opportunity with implementation of modern mining technologies.
· The project has open cut and underground resource potential that could well exceed previous production of ~350,000-400,000 ounces gold equivalent
RUN THE SIMPLE MATH WITH THE NUMBER ABOVE x 1500.00US PER OZ, WHICH COULD BE EVEN HIGHER BY FRIDAYS CLOES! Then you begin to understand how massive of a win this is.
“ Stat Funky My Friends”
The inpatient ones selling their shares just give more and more cheap shares to US,“ stay funky my friend”
Funky monkey see no might about it. 001s are close
$DSCR BUYING PRESSURE IS COMING TO ASK. OTCX mm see.
$DSCR$$$$ getting funky on the block buys. Looks like the big boys are coming in. If your flipping for.0001 profits, please keep it up as the big boys love grabbing your shares. Best this stock has looked in a few years. .0006 is a massive breakout point. Stay funky my friends
$DSCR BLOCKS COMING IN ON ASK....0004x.0005 55mm on ask.super thin to .0007s funky monkey target still .001s to just start.
Funky monkeys L2 doesn’t show DSCR crashing .bid is strong, has been for weeks. CEO not pumping the stock is pretty clear. Has anyone taken the time to add up how many shares have been bought on the ask as well as grabbed off the bid? No panic in this stock. At some point the flipping will not be able to stay up with the forward movement in PPS. “Stay Funky MY Friends”
$SURG, love a good start up with a great story. CEO seems to be moving things forward. I talked to the company and I do feel we will have some extremely forward moving press shorty. Hats off to the CEO, tuning out the noise and moving Surge Holdings forward. Great PPS to enter the stock or add to position.. a lot of happy campers in SURG.
What a awesome press release the company released, It is full of solid data that in this chimps opinion will just get better and better. My buddies that LIVE near silver city are extremely excited that the CEO is busy everyday moving this mining company into next level of production. This is 2019, cost effective mining process are much more doable than even 10 years ago. There IS NO DOUBT the company has achieved solid backing from funding.... Looking forward to next release that will IFMO be full of gold and silver nuggets to further making investment decision, you are either on this train or in the way on the box, PPS held very well yesterday with zero dilution. I Funky Monkey still targets .001s very very soon. Word is the company will be releasing a corporate relations phone number shortly. Sounds like solid company structure is in place for DSCR to make historical move in PPS. FUNKY NEEDS HIS BANANA POWER SMOOTHIE ....FUNKY MONKEY WILL SWING BY LATER THIS MORNING. GLTA..and remember stay funky my friend,
IMO....$DSCR about to make historical move in PPS! . Maybe “copper PPS soon.” That was very bold tweet with 100 percent confidence . The float is nothing to handle. All my HFMO!
“The Sinker Tunnel was rediscovered in 1994 and current ownership has been assembling the patented claims for years finally bringing the Sinker Tunnel, Patented Claims and a modern Mill under common control to allow mining operations to resume. “
History of War Eagle Mountain.
War Eagle Mountain is a proven historic gold and silver resource located within the Silver City Mining District in Owyhee County, Idaho. The Oro Fino Vein was discovered in 1862 and extends approximately 12,500 feet in length and 2,000 feet in depth producing about 415,000 ounces of gold through 1875. During the fall and winter of 1874 the owners of the Golden Chariot mine completely refurbished the shaft and mill equipment, effectively "betting the ranch" on the secure knowledge that the Oro Fino Vein continued uninterrupted for a considerable distance and that approximately 85 % of the "known" and "mapped" veins had not yet been mined. By the end of 1875 a total of ten shafts had been sunk on the vein ranging in depth from 300 feet to 1250 . At the height of the mining boom on the Oro Fino Vein, there was a nationwide depression with Bank collapses and the source of working capital for the mines dried up. During the winter of 1875-1876 the shafts filled with water to a point that the Golden Chariot Shaft contained 1100 feet of standing water. In 1904 the American Smelter Corporation drove the Sinker tunnel to drain the mine, however production mining never commenced before the tunnel entrance was covered in a landslide. This cloistered condition has existed for the past 140 years, which has resulted in the preservation of this historical vein system without it being disturbed by intruders or miners. The Sinker Tunnel was rediscovered in 1994 and current ownership has been assembling the patented claims for years finally bringing the Sinker Tunnel, Patented Claims and a modern Mill under common control to allow mining operations to resume. The early mining at this historic resource was accomplished primarily with picks and shovels and a few pounds of black powder. Now with modern equipment and techniques the DSCR JV will seek to mine the balance of the War Eagle Mountain hydrothermal deposits. Mining will include the Oro Fino, Poorman and Central vein systems