DISCOVERY MINERALS LTD - DSCR STOCK NEWS

Discovery Minerals Ltd (OTC PINK:DSCR) announced progress on the Ruby Gold Mine program, confirming all Option payments are current. The company has signed a Letter of Intent (LOI) with Zambian mining property owners, covering two gold ore bodies along with copper and cobalt occurrences, pending due diligence. Discovery aims to operate these mining sites, which possess reserves as per Australian JORC Reports. Furthermore, Discovery is negotiating a civil works project joint venture through Africa-American Resources Inc. and is addressing its trading status.

Discovery Minerals Ltd (OTC PINK:DSCR) has signed a Letter of Intent (LOI) for a mining property in Zambia, featuring two gold ore bodies along with copper and cobalt occurrences. This agreement is pending a due diligence review. The company will operate the mining activities, with reserves verified through Australian JORC Reports. Furthermore, Discovery has resolved previous miscommunications regarding its PINK status on OTC Markets and has submitted necessary updates, with verification expected soon.

Discovery Minerals LTD (OTC PINK:DSCR) is enhancing its geological review and work program for the Ruby Gold Mine in Northern California. Following recommendations from its geological team, the company plans to reopen previous workings while simultaneously establishing reserves using seismic surveys and drilling. The goal is to effectively identify ore locations. Preparing for a seismic survey, the company estimates USD 300,000 for conducting combined RC and diamond drilling. Consulting geologist Richard Cleath has joined the team to oversee exploration, utilizing advanced data acquisition techniques.

Discovery Minerals (OTC PINK:DSCR) has completed a geological review of the Ruby Gold Mine in Northern California. The mine, which operated from 1878 to 1965, is set for reactivation based on the potential of sub-½ ounce alluvial gold, unworked paleo river channels, and bedrock gold near quartz lodes. The company aims to create a 3D model to better understand the geological structure and gold distribution. Future drilling will focus on quartz lode and placer exploration to gauge the mine's gold production potential.

Discovery Minerals has engaged Simon Meldrum as Senior Geologist, completing a site assessment at the Ruby Mine that indicates an increase in ore resources. The assessment, conducted from April 28 to May 8, 2021, highlights four quartz occurrences in the greenstone belt, with the Wolf Vein previously yielding 1,600 oz of gold. CEO Russell Smith anticipates potential ore resource increases by 2 to 5 times current estimates. Mining operations are expected to commence by July-August 2021, aimed at enhancing production based on historical data.

Discovery Minerals LTD (OTC PINK:DSCR) has announced the launch of the Discovery Minerals Coin, a Tethered Coin backed by 2,100 Bitcoin, 2,100 Ethereum, 2,100 ounces of Gold, and 2,100 ounces of Silver. The total supply of DSC is 210,000,000, with an initial price set at $2.00 for a minimum of 50 coins. The company anticipates high demand due to its utility as a payment method and plans to list DSC on various cryptocurrency exchanges. The launch aims to drive long-term value creation for shareholders.

Discovery Minerals LTD (OTC PINK:DSCR) has selected Alt 5 Sigma Inc. to develop its Discovery Coin and payment gateway, aimed at diversifying revenue through a gold-backed digital asset. The project plans to mint 210 million Discovery Gold Coins on the Ethereum Blockchain, each tethered to 2,100 Bitcoins, Ethers, and ounces of gold and silver. The initiative will enable global merchants to accept the coin as payment. CEO Russel Smith emphasized the potential benefits for shareholders and noted plans to leverage gold reserves from the Ruby gold mine for the coin.

Discovery Minerals Ltd. (OTC PINK:DSCR) has successfully acquired the Ruby Mine from Sierra Gold LLC and initiated preliminary assessments. The Ruby Mine, renowned for its historic gold production, is estimated to hold a significant 134,844 ounces of gold ready for near-term recovery, with the potential for an additional 370,000 ounces still to be mined. Discovery aims to explore unexplored areas of the mine using modern geological techniques. The property boasts over $3.5M in existing infrastructure and is fully permitted for mining operations, enhancing its potential for early cash flow.