Discovery Metals Corp. announces that an aggregate of 31,140,000 common share purchase warrants with an exercise price of C$1.00 were exercised prior to their expiry on February 17, 2021. The exercises resulted in gross proceeds of approximately C$31 million. The Company's current cash balance has increased to approximately C$98 million. Taj Singh, President and CEO comments: "The exercise and expiry of these warrants is [...]
Discovery Metals Corp. is pleased to announce results from 13 diamond drill holes targeting bulk-tonnage mineralization at its flagship Cordero silver project located in Chihuahua State. The holes are part of an expanded 65,000 m Phase 1 drill program that will be incorporated in a new resource estimate and revamped PEA in the second half of the year. Highlight intercepts include: Hole C20-375: 131.6 m averaging 118 g/t [...]
Discovery Metals Corp. is pleased to announce it has been named to the 2021 OTCQX? Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. The OTCQX Best 50 is an annual performance ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the [...]
Discovery Metals Corp. is pleased to outline its 2021 work program and budget for its flagship Cordero project located in Chihuahua State, Mexico. All amounts are presented in CAD unless otherwise stated. Taj Singh, President and CEO, states: “We anticipate 2021 will be a transformative year where we firmly establish Cordero as one of the few silver projects globally that offers margin, size and scaleability. Our focus is [...]
Discovery Metals Corp. announces that it has granted to certain officers, directors, employees and/or consultants of the Company an aggregate of 5,500,000 options to acquire common shares of the Company. The Options have an exercise price of $1.89 per share, have a five-year term from the date of grant , and vest according to the following schedules: 1) Management and employees: annually in equal thirds beginning on the [...]
Discovery Metals Corp. is pleased to announce results from 10 diamond drill holes targeting the Parcionera and Josefina high-grade vein trends at its flagship Cordero project located in Chihuahua State, Mexico. Multiple vein trends with a combined strike extent of more than 5 km flank the higher-grade bulk-tonnage domain at Cordero; the Parcionera and Josefina vein trends currently represent approximately 2 km of this [...]
Discovery Metals Corp. is pleased to announce its financial results for the three months ended September 30, 2020, and to provide a summary of key events for the quarter and subsequent to quarter end. All amounts are presented in Canadian dollars unless otherwise stated. Discovery’s flagship project is our 100%-owned Cordero project located in Chihuahua State, Mexico. We are aggressively advancing the Project through a [...]
Discovery Metals Corp. is pleased to announce results from seven diamond drill holes targeting bulk-tonnage mineralization in the South Corridor at its flagship Cordero project located in Chihuahua State, Mexico. The South Corridor has seen significantly less drilling than the North Corridor and will be a key area of focus for the remainder of the 55,000 metre Phase 1 drill program. The goal of this drill program is to [...]
Discovery Metals Corp. is pleased to announce results from four diamond drill holes targeting the Todos Santos high-grade vein trend at its flagship Cordero project located in Chihuahua State, Mexico. Todos Santos flanks the higher-grade bulk-tonnage domain to the northeast and now has a minimum strike extent of at least 1.5 kilometres based on historic underground workings and new drilling. The current holes are part of [...]
Discovery Metals Corp. is pleased to announce results from four diamond drill holes targeting bulk-tonnage mineralization in the South Corridor at its flagship Cordero project located in Chihuahua State, Mexico. The South Corridor has seen significantly less drilling than the North Corridor and will be a key area of focus for the remainder of the 55,000-metre Phase 1 drill program. The goal of this drill program is to [...]
Discovery Metals Corp. is pleased to announce its operating and financial results for the three months ended June 30, 2020, and to provide a summary of key events subsequent to quarter end. All amounts are presented in Canadian dollars unless otherwise stated. Discovery is focused on advancing our 100%-owned flagship Cordero project in Chihuahua State, Mexico. The 35,000-hectare Cordero property covers a sizeable district [...]
Discovery Metals Corp. is pleased to announce results from four diamond drill holes targeting extensive vein trends at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a 55,000-metre Phase 1 diamond core drilling program that commenced in September 2019. The goal of this drill program is to define a large-scale, high-margin project with excellent leverage to rising silver prices [...]
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