Can anyone verify this info beyond the claims made in the filings?? Thanks for sharing BTW.
QUOTE:
"Operations / Activities 2020 -2022
During the work season, April to November, Company personnel investigated a gold mine on the North end of the Mother
Lode in California with a view to putting the previously mined leases back into production. While examining the workings
and records and reports of the previous operations { which produced approximately 400,000 ounces in total dating from the
late 1800s to a few years ago ) the Company realized that there was a strong indication of a similar amount of gold yet to
be mined. With a drilling program targeting the known reef & vein system the potential was even greater. The Company
Chief of Operations, Mr. Girvan Jackson, says the orebodies would be able to produce many years of economic grade ore
by using modern mining techniques and machinery such as declines to quickly access the old workings and new ore
positions. Mr. Jackson has sunk about 20 declines around the world and brought most of them to a conclusion under budget
and before schedule. The Company has extended the option and pending the outcome of funding arrangements plan to
commence operation by July/August 2022. All Permits to mine and extract metals are current and only a few months will be
needed to bring the operation to production status."
Quote:
"Joint Venture
During calendar 2019, the Company entered into a 50 / 50 joint venture with Murphy Noble Metals Inc and their major
shareholders, of Boise, Idaho. The purpose of the Joint Venture was to carry out an examination of all available data on the
claim block, which included the access to the Sinker Tunnel and the gold & silver extraction services of the Mill Facility
located on the Silver City Road. The appropriate technical mining personnel were engaged by The Company to carry out
these investigations and submit their various reports. These included two geologists, a metallurgist, a mining engineer and
their support staff. A significant part of the work program carried out included the mapping, sampling and trenching of the
northern section of the Oro Fino vein which yielded a favorable set of results which have already been published. Based on
these results and subsequent geological evaluation, a diamond drilling program was laid out to further define the mineable
ore with a view to begin surface mining in the 2020 season.
A suitable drilling contractor was located for this program late in the 2019 season but was not able ultimately, to start the
drilling before the season closed due to the onset of cold weather.
After the close of the work season in 2019, Murphy Noble Metals Inc and the Company Ltd negotiated a dissolution of the
Joint Venture where the Company receives a Net Smelter Return (“NSR”) for ten years from the mining operations of Murphy
Noble Metals Inc and any associates, on the aforementioned mining leases, patented claims and associated surrounding
staked claims.
Ruby Gold Mine
During the year 2021, the Company has carried out their due diligence investigation on the Ruby mine as well as research
on seismic survey and other methods of geophysical interpretation with our Geology team.
In October, 2021, the Company has reached an Agreement in Principle with a financing group who will provide funding for
the acquisition of the Ruby Gold Mine and the full development of the mining program. This funding is being formulated at
present and will be released to shareholders when completed. This group will convert some of the funding to equity during
the repayment period. Discovery is presently current on all option payments on the Ruby Mine agreement.
Forget Zambia....
