Discovery Silver Corp. (TSX.V: DSV) announced the results of their Cordero silver project in Chihuahua, Mexico, which had the first 15 drill holes, which were upgradation and expansion from the Pre-Feasibility Study after the data cut-off date. The Pre-Feasibility Study is progressing well and remains on track for an early 2023 delivery.
In the pre-feasibility study, drill holes were focused on upgrading resource classification in the PEA pit, expanding and upgrading resource blocks between the PEA pit and the Resource constraining pit shells.
In the South Corridor, hole C22-654 intercepted 95.7 m of 124 g/t AgEq1 on the margins of the PEA pit at a vertical depth of 450 m. Hole C22-656 returned strong intervals, including 77.1 m of 126 g/t AgEq1 from 131.1 m and 21.7 m of 265 g/t AgEq1 from 374.3 m, and higher-grade mineralization was found within the PEA pit’s core in the North Corridor at hole C22-648, which intercepted 27.4 m of 86 g/t AgEq1 from 166.2 m and 42.6 m of 179 g/t AgEq1 from 228.3 m. Hole C22-647, drilled to improve data density on the western edge of the pit, returned 25.6 m of 99 g/t AgEq1 from 174.1 m and 18.7 m of 147 g/t AgEq1 from 264.8 m. The pit extends from both surveys were outside the PEA pit limit, showing the potential for later expansion.
In total, 17,000 m (52 holes) have been drilled as part of the company’s Feasibility Study drill program. Resource improvement drilling and engineering drilling are among the activities that will be undertaken as part of the feasibility study. Following the completion of the PFS in early 2023, the total meters to be drilled will be determined.