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Tuesday, August 23, 2022 1:58:42 PM
https://www.otcmarkets.com/otcapi/company/financial-report/344296/content
https://www.otcmarkets.com/otcapi/company/financial-report/344296/content
Why not post the entire paragraphs?
"Ruby Gold Mine
During the year 2021, the Company 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 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 currently negotiating to renew its options on the Ruby Mine and it expects to
complete this agreement by September 30, 2022. The latest contact by this funding group was a notice of a meeting in California
in early September 2022 to finalize the terms of equity and all financial arrangements of the Project."
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Zambia
In October 2021, the Company signed a letter of Intent with a mining group in Zambia on several orebodies. Two of these
are gold mines, one is a large exploration area with a copper / gold orebody already identified and also a large supply of
construction material adjacent to a major civil engineering project that is scheduled to start in the near future. Discovery
will be expected to provide these materials on normal commercial terms. They will have a substantial transport advantage
over any other supplier. The Company expects to complete this agreement within the next ninety days.
B. Please list any subsidiaries, parents, or affiliated companies.
None
C. Describe the issuers’ principal products or services.
The Company’s products will fall within two primary channels, precious metals/mining and industrial hemp. Discovery’s future
subsidiaries will engage in activities that include the cultivation, product development, and distribution of industrial hemp; Gold, silver
and precious metals. In addition, the Company is pursuing clean tech and alternative energy investments to be integrated into these
business channels."
SamTheTraderOtc
@SamTheTraderOtc
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