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Discovery Ventures Announces it has Entered Into Discussions With Roca Mines Inc. Regarding Asset Acquisitions


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Discovery Ventures Announces it has Entered Into Discussions With Roca Mines Inc. Regarding Asset Acquisitions

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Discovery Ventures Announces it has Entered Into Discussions With Roca Mines Inc. Regarding Asset Acquisitions

  1. 1. DISCOVERY VENTURES INC. (DVN-TSX-VENTURE)FOR IMMEDIATE RELEASE April 23, 2013DISCOVERY VENTURES INC. ANNOUNCES IT HAS ENTERED INTO DISCUSSIONSWITH ROCA MINES INC. REGARDING ASSET ACQUISITIONSVANCOUVER – Discovery Ventures Inc. (“Discovery” or the “Company”) (TSX VENTURE:DVN) is pleased to announce that it has entered into discussions with Roca Mines Inc. and commenceddue diligence efforts with respect to the potential acquisition assets.The permitting process for the development and rehabilitation of the Willa Deposit has been initiated. TheCompany expects to start work on the project as soon as permits to proceed are attained. The Wllia host aNI 43-101 compliant resource At a cut-off grade of 3.5 grams Ag/tonne (3.5 g/t), the Measured categoryof the Mineral Resource is 495,784 t with an average grade of 7.18 g Au/t, 0.94% Cu and 12.16 g Ag/t.The Indicated category at the same cut-off grade is 262,415 t grading 5.71 g Au/t, 0.67% Cu, and13.26 g Ag/t, for a total mineral resource of the Measured and Indicated categories of 758,199 t grading6.77 g Au’t, 0.86% Cu, adn 12.54 g Ag/t.The Company has initiated several technical and corporatedue diligence efforts on assets held by Roca Mines Inc., including its wholly owned subsidiaryFortyTwo Metals Inc. the owner of the MAX Molybdenum Mine. MAX is a 500 tpd operation(currently on care and maintenance) located 125 km away from the Company’s Willa Deposit,that could serve as a potential site for the processing of mineralized material extracted from theWilla property.The Company’s President, Mr. Akash Patel states:“Discovery Ventures recognizes that benefits may be realized by potential acquisitions of certainassets located in the vicinity of the Company’s Willa deposit. The Company has commenceddue diligence efforts to determine the viability of such acquisitions.”About Discovery Ventures Inc. Shares issued 34,659,749Discovery Ventures mission is to explore for and develop gold, silver, and copper mineral deposits in theprovince of British Columbia, Canada. The Company is currently focused on the Willa deposit located8km south of Silverton in the Slocan mining region; Other projects incude Redbird/Rabbitt claims locatedin southern British Columbia in the Similkameen Mining Division; The Bralorne claims located insouthern British Columbia in the Lillooet Mining Division and the Big Creek property locatedapproximately 47 kilometres north east of the Taseko Mines Prosperity Porphyry copper deposit.If you would like to be added to Discovery’s news distribution list, please send your emailaddress to or visit our website located Ash, PEng. is the Qualified Person for Discovery Ventures Inc. and has approved thetechnical disclosure in this news release.“AKASH PATEL”AKASH PATEL, President
  2. 2. FOR FURTHER INFORMATION PLEASE CONTACT:Telephone: 1-604-818-1706Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this pressrelease.