The resource update is scheduled for completion toward the end of this quarter and will be followed by an updated PEA in 4Q 2021.
The final drill holes for the updated resource estimate were from multiple zones in both the North and South Corridors. Drilling in the South Corridor along the Josefina vein trend continues to intercept high-grade veins within broader zones of disseminated mineralization. Highlight intercepts include 25.5 m of 404 g/t AgEq1 from 147.2 m (C21-482), 21.0 m of 197 g/t AgEq1 from 121.5 m (C21-474) and 23.7 m of 195 g/t AgEq1 from 24.8 m (C21-516).
Infill drilling within the central part of the South Corridor was also successful in confirming continuity of mineralization within the higher-grade bulk-tonnage domain. Highlight intercepts include 52.5m of 128 g/t AgEq1 and 54.9 m of 133 g/t AgEq1 (C21-493) and 51.0m @ 107 g/t AgEq1 and 69.2 m of 121 g/t AgEq1 (C21-504). Drilling in the South Corridor in the Far NE returned mixed results suggesting limited potential to extent the high-grade bulk-tonnage domain in this part of the deposit.
In the North Corridor, hole C20-481 confirmed the excellent starter pit potential of the
DRILL PROGRAM UPDATE
Resource drilling: all assays from drilling that will support the updated resource have now been received. This drilling, totaling 91,000 m (223 holes), will supplement the 133,000 m (292 holes) of historic drilling completed on the Project. The resource update is scheduled for completion later this quarter and will be followed by an updated PEA in 4Q 2021.
Phase 2 drilling: The Company has completed 10,000 m (21 holes) as part of its Phase 2 drill program (excluding drill metres used to support the updated resource) which will be ongoing through the remainder of the year. Phase 2 drilling will be focused on three key areas: (1) upgrading inferred resources for inclusion in a prefeasibility study; (2) resource expansion of bulk-tonnage mineralization and (3) 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.
About Discovery
Discovery's flagship project is its 100%-owned Cordero project, one of the few silver projects globally that offers margin, size and scaleability. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State,
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TECHNICAL NOTES & FORWARD-LOOKING STATEMENTS
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