Discovery Silver Corp.

Discovery Metals Corp. is pleased to announce that it has closed the first tranche of the non-brokered private placement as previously announced on May 18, 2020. The first tranche consists of 31,090,945 units at a price of C$0.55 per Unit for aggregate proceeds of C$17,100,020. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at [...]

Discovery Metals Corp. is pleased to announce its operating and financial results for the three months ended March 31, 2020. All amounts are presented in Canadian dollars unless otherwise stated. Our Company is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including our flagship Cordero project in Chihuahua State , as well as the Puerto Rico, Minerva and Monclova [...]

Discovery Metals Corp. is pleased to announce that it intends to complete a non-brokered private placement to raise up to C$25,000,000 through the issuance of up to 45,454,545 units at a price of C$0.55 per Unit. Each Unit is comprised of one common share of Discovery and one half of one Common Share purchase warrant, with each full warrant exercisable at C$0.77 for a period of two years after the date of issuance. Mr [...]

Discovery Metals Corp. announces that Mr. Jose Vizquerra has resigned as a director of the Company, effective immediately, so that he can focus his efforts on other professional commitments. Murray John, Chairman of the Company, commented: “On behalf of everyone at Discovery we would like to thank Jose for his contributions towards our growth. Mr. Vizquerra has been a valued director since the inception of the Company [...]

Discovery Metals Corp. is pleased to announce results from eight diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a 30,000-35,000 metre Phase 1 drill program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. Drill holes for this current [...]

Discovery Metals Corp. is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2019. All amounts are presented in Canadian dollars unless otherwise stated. Discovery is focused on advancing a portfolio of silver projects in historic mining districts in northern Mexico, including its flagship Cordero project in Chihuahua State, as well as the Puerto Rico, Minerva and [...]

Discovery Metals Corp. announces that it has divested its 100% interest in the Congress Property , located in British Columbia, to Talisker Resources Ltd. . Under the terms of the purchase agreement, Talisker will issue 1,000,000 common shares to Discovery in return for 100% ownership of Congress. The common shares are subject to a four month hold period pursuant to applicable securities laws and further subject to [...]

Discovery Metals Corp. is pleased to announce results from ten diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico. The holes are part of a 30,000-35,000 metre Phase 1 drill program that commenced in September 2019. The goal of this program is to define a high-margin project with scale that retains excellent leverage to rising metal prices. As previously announced on March 31 [...]

Discovery Metals Corp. announces that it has temporarily suspended all exploration activities at its Mexican operations due to the increased health and safety risks associated with the growing number of COVID-19 cases in the country. The Company has put in place business continuity plans so that exploration activity can quickly ramp up once it is deemed safe to do so. The decision to suspend exploration activity is also [...]

Discovery Metals Corp. announces that it has begun implementing business continuity plans and procedures at its Mexican operations and corporate office in Toronto in response to developing concerns around COVID-19. Taj Singh, President and CEO, states: “Ensuring the health and safety of our workforce is Discovery’s highest priority. There have not been any confirmed or suspected cases of COVID-19 at any of our [...]