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 be continued with an emphasis on early positive cash flow from any projects undertaken.
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As of May 14, 2021, the number of shares outstanding of our Common Stock was: 6,599,913,081
Trading symbol: DSCR Exact title and class of securities outstanding: Common Shares CUSIP: 25470V109 Par or stated value: $0.0001
Total shares authorized: 10,000,000,000 as of date: 3/31/2021 Total shares outstanding: 6,599,913,081 as of date: 3/31/2021 Number of shares in Public Float: 1,540,871,578 as of date: 3/31/2021 Total number of shareholders of record: 57 as of date: 3/31/2021
April 20, 2021 / Discovery Minerals LTD (OTC PINK:DSCR) The precious metals exploration and production company, is pleased to announce the selection of Alt 5 Sigma Inc., for the development of its Discovery Coin ("DSG") and Payment Gateway.
"The Discovery Gold Coin is a great opportunity for both our shareholders and holders of the Coins alike. As the Ruby gold mine consolidates into expanded production, Discovery Minerals Ltd will explore dedicating part of the reserves and production to the Discovery Gold Coin assets. Details of such a transaction are currently being formulated," further added Mr. Smith. Mr. Andre Beauchesne, Chairman of ALT 5 Sigma, applauded this concept as being positive for both Discovery Gold Coin and Discovery Minerals Ltd.
May 11, 2021 / Discovery Minerals LTD (OTC PINK:DSCR) The precious metals exploration and production company, is pleased to announce the launch of it's Discovery Minerals Coin, a utility cryptocurrency. The Discovery Minerals Coin ("DSC") is what is known as a Tethered Coin, whereby once fully distributed DSC will have a total of 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of silver "backing" the coin.
This screenshot shows $465,575 worth of Ether and $241,077 in cash, in an account that funded the original ether to the account that holds the 210m DSC coins, and received 1 DSC coin in return (address 0x4016eE5A7698C17b3c0A451FEE0126bb1cEc593 to contract 0xF4A9b9311D5167Dc36E6b39f5c0BaaA60BbcBbC1).
That is a total of $706,652 in assets in the account that “funded” the DSC coin contract and received 1 coin in return:
Some of this is speculation.I will admit I cannot prove much of anything when it comes to these contracts… but maybe I can get the CEO to confirm ownership of one or both.
Some other things we know about the coin:
The coins can be transferred to an erc-20 wallet such as atomic wallet or trust wallet (although there are many that will work). DO NOT transfer tokens to an Etherium wallet yet (or you risk losing all of your coins).
Transactions placed for the DSC coin must be on a 3DS supported credit or debit card. Also, due to it being a foreign transaction, you may have to call your bank prior to placing the transaction successfully. We know for sure that these issuers WILL DO NOT SUPPORT 3DS: Bank of America, Chase, and Citi (therefore cards from these issuers will not work).
The minimum amount allowed is a $250 transaction… although the company stated $50, and the initial minimum was 50 coins, or $100… I am working to get clarification on this from the company and will be asking that they lower the minimum to 25 or 50 tokens.
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What, if anything, do we know about the Share Structure and Transfer Agent:
$DSCR ~ Ok so Pacific Stock Transfer is the TA... their website is: www.pacificstocktransfer.com/
When you go there and click on Share Structure, you get this:
Pacific Stock Transfer is now a member of the Transfer Agent Verified Shares Program (TAVSP) through OTC Markets. Please visit their website, search for the company you are inquiring about, and locate their share structure information under the Security Details menu. If a shield is shown, it means the information is automatically pulled from our system as of the date shown.
And when you search for DSCR, and go to "Security Details" as per the paragraph from Pacific's website) you will see the shields next to each line of share structure data.
So these numbers are UPDATED DAILY, and they haven't changed in quite some time.
There is no dilution as far I can tell ( and this was confirmed with 5/15/21 Quarterly). **Insiders own 15.006% of the outstanding shares (per latest quarterly filing)**
Insider Ownership:
Russell Smith CEO/Director/Beneficial owner 754,000,000 Common 12.5% William McNereny Director 35,500,000 Common .006% Girvan Jackson Director 150,000,000 Common 2.5%
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How about the Mine? (Ruby Gold Mine):
"DSCR is pleased to announce that it has completed an agreement to acquire the Ruby Mine from Sierra Gold LLC. Discovery's geologists have commenced generating a 3-D model of the property and workings as well as geological evaluation and assessment of all known existing resource targets."
"We are pleased to announce Discovery's technical team is set to meet on site next week. Among the major items to be discussed is the possible use of GPR (ground penetrating radar) to pinpoint the position of the coarse gold sources in the underlying green stone formation."
Now I know that the Ruby Mine is in escrow until early August… the real estate agent that brokered the deal confirmed this information within the last couple days… also there are many sites that show that the mine is off market.
Discovery Minerals Executes Agreement with Sierra Gold LLC to acquire the Ruby Mine in California and has commenced preliminary work. GRASS VALLEY, CA / ACCESSWIRE / April 13, 2021 / Discovery Minerals LTD (OTC PINK:DSCR), is an acquisition and development company that targets natural resource properties and cutting edge technology opportunities is pleased to announce that it has completed an agreement to acquire the Ruby Mine from Sierra Gold LLC.
Discovery's geologists have commenced generating a 3-D model of the property and workings as well as geological evaluation and assessment of all known existing resource targets.
The Ruby is one of California's best-known buried placer mines, and is considered by many to be one of the largest producing river channel mines of modern times. It features a system of gold-bearing Tertiary channels which have been reported to have already produced over 250,000 ounces of gold.
The Ruby is also renowned for its production of coarse and jewelers-grade gold, with the largest gold nugget weighing 201 ounces or 17 pounds. It is conservatively estimated that 134,844 ounces of gold are available for near-term recovery from identified channels using the existing Ruby infrastructure. Placer, refers to mining the buried watercourse river bed at Ruby.
There are 3.5 miles of river channels yet to be mined on the Ruby mining claims. Historically the channels have produced up to 106,000 oz per mile, indicating a potential of 370,000 oz of gold still to be mined from the buried placer.
In addition to the well established placer ore that will be mined initially, one of the most exciting features of the Ruby mine is the large greenstone belt formed in the Archean Age that is largely unexplored and is the source of the placer gold. The Discovery Minerals Geologists will be investigating this greenstone belt.
There are clear indications of this occurrence in the Wolf Vein that produced 1625 oz of gold by the earlier miners from the vertical greenstone formation that underlies the buried river channels. Although only worked at very shallow depths underfoot from the main Ruby access tunnel, the production was reported to have averaged 10 grams per ton of gold at working widths.
Using modern geological concepts & technologies that have emerged around the world in other gold mining areas, Discovery Geologists will use experience gained in the past 40 years where shut down mines have often doubled their original output of gold by starting new operations adjacent to and underneath these previous operations.
Geologists have proposed that with careful evaluation and a judicious drilling program a substantial new resource could be uncovered.
The Ruby Mine is located between Downieville and Forest City, in Sierra County, California, approximately 100 miles north of Sacramento and 90 miles west of Reno, NV. The property covers approximately 1,755 acres consisting of the subsurface mineral rights and mining claims.
Discovery Minerals (@DiscoverDSCR) May 4, 2021
$DSCR-The company is pleased to announce it has completed the meeting with the geologist at The Ruby Mine. We had a extremely successful trip and will be tweeting more images from our meeting .
And on May 12th, 2021 we got this update:
$DSCR-The ruby gold chief geologist has just arrived back in his home office and will be working on the 3-D maps of the main workings and structures. He will also be working on orereserve calculations and drill targets.