Discovery-Corp Completes Internal Reports on Galaxy Property
Vancouver, British Columbia CANADA, September 10, 2013 /FSC/ - Discovery-Corp Enterprises Inc. (DCY - TSX Venture), announces that it has now received a number of independent reports that Discovery-Corp commissioned on its wholly-owned Galaxy Property, located near the New Afton Mine and the Ajax Deposit in Kamloops, B.C., Canada.
This information is being used internally to guide strategic direction and includes:
* Metallurgy Certificate of Analysis from ALS Canada - concentrate results were copper 26.0%, gold 4.74 g/t and silver 45 g/t.
* Technical analysis of a preliminary estimate of grade and tonnes above a cut-off and the potential for expansion through infill and exploration drilling where the deposit is open;
* Generation of open pit designs and estimated construction costs to build a mine at Galaxy;
* Completion of model to provide estimated costs and project economics to operate an open pit mine at Galaxy; and
* Identification of existing haul road options to existing or planned processing facilities.
"We are very pleased with the results from this new information which will help Discovery-Corp decide on the best strategic direction," said Alex Pannu, Discovery-Corp's President. "This could include the future development of the Galaxy by Discovery-Corp, joint venturing with a partner or an outright sale," Pannu added.
-30-
ABOUT DISCOVERY-CORP ENTERPRISES INC.
Discovery-Corp is a junior exploration company with its head office in Vancouver, British Columbia, Canada. Discovery-Corp owns 100% of the Galaxy property in Kamloops, British Columbia, Canada. New Gold's New Afton producing copper-gold mine with a projected mine life of 12 years is located 7 kilometers north-west of the Galaxy. On the other side of the Galaxy, to the south-west, Ajax is being developed by KGHM International (part of a multi-billion dollar Polish mining conglomerate) which completed a positive feasibility study for its copper-gold project and is proposing to build a 60,000 ton per day mill 4 kilometers from the Galaxy property.
Discovery-Corp's other asset is the Rock Creek Ranch, located in North Central Nevada at the intersection of the Getchell and Battle Mountain-Eureka gold trends.
On Behalf of the Board of Directors
"Alex Pannu", President
Discovery-Corp Enterprises Inc.
Tel. 778 371 9936
apannu@discovery-corp.com
This release has been prepared by Management - The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.
To view the press release as a PDF file, please click on the following link:
http://www.usetdas.com/pr/discovery09102013.pdf
Source: Discovery-Corp Enterprises Inc.(TSX-V: DCY)
Maximum News Dissemination by FSCwire. http://www.fscwire.com