2012-10-09 18:59:51 -
Vancouver - Discovery-Corp Enterprises Inc. (the "Company") announces that it has successfully completed the first phase of its drilling program on the Galaxy property, located near the New Afton Mine in Kamloops, British Columbia. This phase drilled over 300 meters. Discovery-Corp is pleased to report that reclamation work is completed and that drilling used special equipment designed to minimize disturbance to the environment.
The Company expects that this phase of the exploration program will add economic value to the Galaxy deposit by assaying for precious metals that have not previously been tested. This week samples are being sent to ALS labs for assaying copper, gold and silver. Discovery-Corp expects results to be available in November.
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. 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. Discovery-Corp is focused on finding high quality gold and copper properties.
Discovery-Corp's Galaxy property is located in the Afton camp in Kamloops, BC. New Gold's $765 million gold-copper mine is 7 kilometers away. New Gold's underground mine commenced production in June 2012 and this 11,000 ton per day mill has a 12 year mine life. The Ajax property being developed by KGHM (a multi-billion dollar Polish mining conglomerate) completed a positive feasibility study for its copper-gold project in 2012 and is proposing to build a 60,000 ton per day mill within 4 kilometers from Discovery-Corp's Galaxy property. The Company believes the Galaxy project has similar geology and could be a significant find on its own as well as represent a valuable asset to the right buyer.
On Behalf of the Board of Directors
"Alex Pannu", President
Discovery-Corp Enterprises Inc.
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 corporations control which may cause actual results, performance or achievements of the corporation's to be materially different from the results, performance or expectation implied by these forward looking statements.
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