Discovery-Corp Files Updated 43-101 Technical Report on Galaxy Project
TSX.V Symbol: DCY
News Release
October 28, 2013 For immediate release
Discovery-Corp Files Updated 43-101 Technical Report on Galaxy Project
Vancouver – Discovery-Corp Enterprises Inc. (the “Company”) has filed an updated 43-101 Technical Report on its Galaxy Project. It is available for viewing on SEDAR and the Company’s website www.discovery-corp.com. This Technical Report supports the Company’s September 27, 2013 news release stating the Company does not have a mineral resource or preliminary economic assessment on the Galaxy Project. The Company owns 100% of the Galaxy Property located near the New Afton Mine and the Ajax Deposit in Kamloops, B.C., Canada.
Highlights from the Technical Report:
- Since the Company acquired the Galaxy property in 1990, there has been 649.22 m of reverse circulation drilling (1990) and 4,678.67 m of diamond drilling (1996, 2006 & 2012) completed. This brings the total metres drilled on the Galaxy property to 17,289.89 metres.
- The main area of mineralization on the property is the Galaxy deposit, situated on the Evening Star and Golden Star Crown Grants. The Galaxy deposit is an elongate, northwest-trending fault-bounded zone of copper-gold mineralization approximately 600 metres in length by 120 metres in width.
- Selected significant drill hole intercepts from the 2012 drilling and announced in a November 26, 2012 news release are in table below
| Interval (m) | Results | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hole | |||||||||||||||
| From | To | Length | Cu (%) | Au (ppm) | Ag (ppm) | Pd (ppm) | |||||||||
| GX12-04 | 42.62 | 76.25 | 33.63 | 0.46 | 0.13 | 0.9 | 0.020 | ||||||||
| incl | 42.62 | 50.70 | 8.08 | 1.07 | 0.30 | 2.1 | 0.023 | ||||||||
| incl | 45.70 | 47.70 | 2.00 | 2.18 | 0.65 | 4.4 | 0.025 | ||||||||
| GX12-05 | 69.06 | 117.34 | 48.28 | 0.61 | 0.14 | 1.0 | 0.011 | ||||||||
| incl | 90.06 | 101.06 | 11.00 | 1.07 | 0.21 | 1.5 | 0.008 | ||||||||
| and | 106.06 | 107.06 | 1.00 | 2.72 | 0.49 | 6.3 | 0.015 | ||||||||
| GX12-06 | 6.50 | 39.28 | 32.78 | 0.44 | 0.11 | 1.1 | 0.019 | ||||||||
| incl | 7.62 | 22.14 | 14.52 | 0.62 | 0.124 | 1.7 | 0.023 |
- Metallurgical test results indicate 81% of the copper, 59% of the gold and 40% of the silver could be recovered into a concentrate grading 26% copper, 4.7 g/t gold and 45 g/t silver. These results along with supporting details of the study were announced in a September 27, 2013 news release.
Qualified Person
The technical information in this news release was approved by Christopher Naas, P.Geo, a qualified person as defined by NI 43-101 and is not independent of Discovery-Corp.
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On Behalf of the Board of Directors
“Alex Pannu”, President
Discovery-Corp Enterprises Inc.
This release has been prepared by Management – The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporations control which may cause actual results, performance or achievements of the corporation’s to be materially different from the results, performance or expectation implied by these forward looking statements.