Discovery Silver Corp. announced results from 21 diamond drill holes targeting bulk-tonnage mineralization in the North Corridor at its Cordero silver project (‘Cordero’ or ‘the Project’) located in Chihuahua State, Mexico. The results from this release will be incorporated in the new resource estimate scheduled for completion later this quarter and PEA in fourth quarter of 2021. Drilling in the NE Extension zone was successful in expanding the high-grade zone intercepted in C20-319, which returned 168.8 m of 207 g/t AgEq from 140.0 m, by approximately 100 m along strike. Holes in this release drilled to the northeast of C20-319 intercepted 132.6m of 260 g/t AgEq and 77.1 m of 190 g/t AgEq (C21-479), 86.2 m of 192 AgEq (C21-476) and 81.4 m of 184 g/t AgEq (C21-496). Follow up drilling targeting the expansion of this zone to the northeast of C21-496 will be completed during the Phase 2 drill program. Drilling in the SW Extension zone was successful in confirming continuity of mineralization within the high-grade bulk-tonnage domain in areas where there were gaps in previous drilling. Highlight intercepts include 102.7 m of 96 g/t AgEq (C21-486) and 55.7 m of 76 g/t AgEq (C21-490). Drilling in the Far NE, an area of the deposit that has seen little previous drilling, was targeting the potential expansion of the high-grade bulk-tonnage domain to the northeast. Assay results reported a number of shallow lower grade intercepts in combination with encouraging intercepts including 94.3 m of 93 g/t AgEq (C21-461), 42.8 m of 92 g/t AgEq (C21-448) and 37.0 m of 98 g/t AgEq (C21-453). These results will be reviewed in conjunction with the updated resource model prior to further drilling in this part of the deposit. Phase 1 drilling: The Company's Phase 1 drill program concluded at the end of April. The data from the 75,000 m of new drilling (178 holes) completed in this program, along with 133,000 m of historic drilling (292 holes), will be used to support an updated resource (third quarter of 2021) and PEA. The final assay results from Phase 1 drilling (14 holes) are expected to be released later this month. Phase 2 assay results that have been received whilst awaiting final assays from Phase 1 will also be used to support the updated resource and PEA. Phase 2 drilling: The Company has completed 21,600 m (56 holes) as part of its Phase 2 drill program which will be ongoing through the remainder of the year. Phase 2 drilling will be focused on three key areas: upgrading inferred resources for inclusion in a prefeasibility study; resource expansion of bulk-tonnage mineralization; and testing of the width, grade and continuity of the extensive high-grade vein systems that transect the deposit. There are currently four drill rigs operating on site.