Discovery Minerals LTD (DSCR)

[traderdogzz]

Discovery Minerals Commences Work Program on Idaho Gold Project

First Phase for the Gold and Silver Project on War Eagle Mountain Scheduled to be Completed by end of April, 2019

Phoenix, Arizona, Jan. 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Discovery Minerals LTD (OTC PINK:DSCR) is an acquisition and development company that targets natural resource properties primarily in precious metals and mining operations. The Board of Discovery Minerals is pleased to announce the formal launch of its mining program on the gold and silver mining War Eagle Mountain Property in Idaho. The first phase has already commenced where the Company has commissioned a series of reports on the Project by experts in the fields of Geology, Surveying, Mining Engineering and Mill engineering. These reports are expected to be completed by the end of April and are necessary to prepare a mining plan and begin physical preparations for mining.

The War Eagle Mountain Project is the easternmost gold dome on the Owyhee Gold Trend of the Silver City Mining District in southern Idaho. This is a 5 mile east-west trending mining area, which includes War Eagle Mountain, Florida Mountain and DeLamar Mountain. The primary gold and silver veins on War Eagle Mountain are the “Oro Fino”, “Central” and the “Poorman”. The “Oro Fino” vein system extends at least 12,000 feet long and has 6 other major veins associated with it, while the “Central” and “Poorman” have approximately 40 offshoots associated with them. Based upon studying the voluminous data on the mined area, the Company Geologist commented, “There is plenty of scope for more ore on the main veins and probably scope for an open pit mine on the North West (“NW”) veins between them. North trending veins, like Poorman and Oro-Fino/Golden Chariot, are probably the main controlling faults and are mineralized. They have generated a NW trending vein set between them that taps the hydrothermal fluids from below, being generated by a porphyritic quartz diorite which is responsible for the Tertiary volcanic sequence.”

https://finance.yahoo.com/news/discovery-minerals-commences-program-idaho-130000246.html