Discovery Silver Provides Cordero Project Update TORONTO, June 22, 2023 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to provide a project update on its flagship Cordero project (“Cordero” or “the Project”) located in Chihuahua State, Mexico.
Tony Makuch, President & CEO, states: “We have made excellent progress so far this year on the critical de-risking items for Cordero - surface rights, water, power, permitting and the Feasibility Study - as we systematically advance Cordero towards a construction decision. We recently secured surface rights covering the proposed open pit and key infrastructure locations at the Project. We have also identified the potential sources of water for the Project and recently acquired a significant volume of water rights. We received two power studies earlier this year confirming there is sufficient capacity in the existing grid to supply the Project for mine operations and establishing the work required to access the grid.
“We are putting the final touches on our Environmental Impact Statement, a significant step in the permitting process for Cordero and the culmination of detailed social and environmental assessment work completed by the Company. Our Feasibility Study work is well advanced and remains on schedule for completion in 1H 2024. Recent drill results highlight the potential to further grow reserves within and on the margins of the open pit. We also remain focused on optimization opportunities within the study including potentially reducing reagent costs, achieving higher recoveries and lowering mining costs through adopting larger benches and bigger mining equipment.”
Discovery Silver Provides Cordero Project Update (globenewswire.com)