Discovery fact sheet (final) 2

237 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
237
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Discovery fact sheet (final) 2

  1. 1. TSX-V: DVNDISCOVERY VENTURESDiscovery Ventures Inc. (TSX-V:DVN) is a Canadian explorationmining company with a focus ongrass roots and developed projectsin precious metals. With propertiesclose to home in the province of B.C.,Discovery’s assets are located insome of the most highly mineralizedregions in the province and aresupported by mature infrastructurenetworks. Redbird/ RabbittFIND US ON: @DiscoveryDVN Discovery Ventures DISCOVERY VENTURES INC. Big Creek 4564 Woodgreen Drive West Vancouver, B.C. Canada Postal code: V7S 2V2 Bralorne Tel: +1 604 913 0279 Fax: +1 604 913 0727 Willa Email us at: info@discoveryventuresinc.com www.discoveryventuresinc.com
  2. 2. TSX-V: DVN Share Structure Shares issued: 33,209,749 Options: 1,880,081 Fully diluted shares: 35,089,767 Investment Advantages Easy access to roads Large swaths of unexplored areas around big historical deposits Economic benefits to local B.C. communities Willa Project Management President and CEO:Located in one of the most highly mineralized areas in Akash PatelBritish Columbia, the Willa asset is now at the centre of Chief Financial Officer:Discovery’s aggressive exploration and drilling efforts. Kenneth C Phillippe, B. Comm, CA.This property features gold, copper and silver with survey Directors:reports indicating 1mT @ 6.3 g Au/T, 10.77 g Ag/T and Matt Wayrynen, Walter Marting and0.79% Cu respectively. Over $15 million has been spent Neil Hill Morganto date on drilling and exploration, while a nearby millhas been located for processing. The deposit is open atall three sites and fully developed. FIND US ON: @DiscoveryDVN History Discovery Ventures• The property has been explored off and on since 1893.The deposit has been extensively explored and developedto by several operators, including Noranda, Rio Algom, BPMinerals, Bethlehem Resources Corp., Northair Mines Ltd. DISCOVERY VENTURES INC.and Hudson Bay Mining & Smelting. 4564 Woodgreen Drive• Mid-1960’s, Cominco, Amax Exploration and Western West Vancouver, B.C. CanadaMining Company identified possible economic copper andmolybdenum mineralization. Postal code: V7S 2V2• From 1980 to 1985, surface and underground drilling Tel: +1 604 913 0279completed by a joint venture between Rio Algom Fax: +1 604 913 0727Exploration Inc. and BP Minerals Ltd. (50/50) Email us at:• In 1985 Northair Mines Limited joined the joint venture. info@discoveryventuresinc.comThey completed the majority of the present underground www.discoveryventuresinc.comworkings and diamond drilling.
  3. 3. Rational and economics TSX-V: DVN• Operating Margins = >400% ($400 value - History continued $100 costs).• Mining widths = 10 to 25 meters allow low cost • In 1990 - Treminco Resources Ltd. entered efficient mining methods. into an option to purchase agreement (100 % interest) from the Rio Algom Exploration Inc., BP• Excellent metallurgical properties. Resources Canada Limited and Northair Mines.• Paved highway access with close proximity • Between 2002 and 2005, Bethlehem to towns. Resources (1996) Corporation conducted further• Experienced local mine crews and mine diamond drilling and a pre-feasibility study. operators. • 2003 - Updated 43-101 Resource completed• Permitting in place for Max Mill and data base digitized.• Production should be achievable within • Hatch Consultants and others completed a 12 months. preliminary mine design and mine schedule• Ready to Mine – Mine Development in Place based on the new Mineral Resource estimate. required capex <$4.0. Study done at $400/Au and $1.75/Cu price• All equipment late model and recent operation. environment = <15%IRR. • 550 ton metallurgical bulk sample completed• Long life resources at Willa – >20 years which confirmed Gold and copper recoveries• High Quality Database obtained in extensive test work which ranged• Mineralization Open in 3 directions - several other between (Au) 80-84 % and (Cu)90-94 % at a highly-prospective areas undeveloped. concentrate grade of 20-24 percent copper• Power Savings of $15,000 with conversion • 596 drill holes totaling 189,000 feet (57,250 of diesel to hydro power. $5 million savings on meters) of core drilling and 8,500 feet (2,575 Capex of $8-10 million. meters) of underground workings, extensive• Potential dual mine operation with existing geophysics and sampling consisting of 17,150 facilities. analyses for gold, copper and silver. • 1980’s to 2005 reported to cost $18 million - 2012 cost would be >$40 million. FIND US ON: @DiscoveryDVN Discovery Ventures DISCOVERY VENTURES INC. 4564 Woodgreen Drive West Vancouver, B.C. Canada Postal code: V7S 2V2 Tel: +1 604 913 0279 Fax: +1 604 913 0727 Email us at: info@discoveryventuresinc.com www.discoveryventuresinc.com
  4. 4. TSX-V: DVN Gold/copper deposits in sampling at Willa NI 43-101 Resource Summaries2005 TECHNICAL REPORT (GRADE CUT-OFF 3.5 G AU/MT):Category Metric tons Gold (g/mt) Copper (%) Silver (g/mt)Measured 495,784 7.18 0.94 12.16 Note: The estimate wasIndicated 292,467 5.71 0.67 13.26 based upon a databaseTOTAL 788,251 6.63 0.84 12.57 including data from 556 core2003 TECHNICAL REPORT (GRADE CUT-OFF 3.5 G AU/MT): holes totaling 50,890m,Category Metric tons Gold (g/mt) Copper (%) Silver (g/mt) 2,570 m of undergroundMeasured 487,989 6.77 0.97 11.59 workings and 17,150Indicated 292,457 5.31 0.65 11.94 analyses for Au, Cu, and Ag.TOTAL 780,446 6.22 0.85 11.722003 TECHNICAL REPORT (GRADE CUT-OFF 2.5 G AU/MT):Category Metric tons Gold (g/mt) Copper (%) Silver (g/mt)Measured 792,744 5.30 0.83 9.95Indicated 591,765 4.11 0.62 9.79TOTAL 1,384,509 4.79 0.74 9.882003 TECHNICAL REPORT (GRADE CUT-OFF 1.5 G AU/MT):Category Metric tons Gold (g/mt) Copper (%) Silver (g/mt)Measured 1,364,879 3.89 0.68 8.80Indicated 1,316,763 2.91 0.51 7.05TOTAL 2,681,642 3.41 0.60 7.94
  5. 5. TSX-V: DVN Resource (including inferred) figures based upon the Makepeace March 2003 Report.CUTOFF - 3.5 G/T AUCATEGORY VOLUME (M3) TONNES Au (g/mt) Cu (%) Ag (g/mt)Measured 168,272 487,989 6.77 0.97 11.59Indicated 100,848 292,457 5.31 0.65 11.94Inferred 74,544 216,177 6.55 0.57 7.32Total 343,664 996,623 6.30 0.79 10.77 CUTOFF - 2.5 G/T AUCATEGORY VOLUME (M3) TONNES Au (g/mt) Cu (%) Ag (g/mt)Measured 273,360 792,744 5.30 0.83 9.95Indicated 203,712 590,765 4.11 0.62 9.79Inferred 154,192 447,157 4.71 0.49 7.14Total 631,264 1,830,666 4.77 0.68 9.21CUTOFF - 1.5 G/T AUCATEGORY VOLUME (M3) TONNES Au (g/mt) Cu (%) Ag (g/mt)Measured 470,648 1,364,879 3.89 0.68 8.80Indicated 454,056 1,316,763 2.91 0.51 7.05Inferred 450,984 1,307,852 2.86 0.39 5.56Total 1,375,688 3,989,494 3.23 0.53 7.16Tonnage total in all categories 4 MILLION TONNES indicates long mine life > 20 years.

×