View Single Post
Old 07-06-2015, 08:30 AM   Nav to Top 
Senior Trader
stockmountie's Avatar
Join Date: Oct 2011
Location: Canada
Posts: 485
Favorites: SSH.V CZH.V EDW.V
Rep Power: 128
Reputation: 66
stockmountie will become famous soon enough
Default Discovery Ventures (TSX VENTURE:DVN) (OTCQX:DTVMF)Makes Formal Application for a 10,

Discovery Ventures (TSX VENTURE:DVN) (OTCQX:DTVMF)Makes Formal Application for a 10,000 Tonne Bulk Mine Permit for Willa Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 6, 2015) - Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:0DV)(OTCQX:DTVMF) ("Discovery") is pleased to announce that the company has made formal application with the Ministry of Mines for a 10,000 tonne bulk mine permit on Willa Mine project.

The 10,000 tonne bulk sample is recovered under a usual Notice of Work, which entails identifying all works that are proposed, along with detailed plans of the operation, including a Mine Emergency Response Plan (which covers all safety aspects and plans in case of accidents). In addition, a Metal Leaching and Acid Rock Drainage Prediction and Prevention Plan is required. These plans have been initiated by the company.

The permit allows for trenching, blasting, drilling, underground exploration and a 10,000 tonne bulk sample, subject to certain terms and conditions. The 2015 portion of the work will commence in the near future and will include re-opening underground portals for exploration, mine planning and engineering; and rehabilitation of access roads.

The proposed mining method at Willa mining project will utilize long-hole stoping and shrinkage stoping. It is estimated that the majority of the economically-exploitable Mineral Resources will be amenable to longā€hole mining methods, with minimum stoping widths of five metres and maximum widths in some stoping blocks exceeding thirty metres. Shrinkage stoping methods will be applied in cases where the mineral width is less than five metres, but where the grade is sufficiently high to warrant the expected higher unit development and stoping costs. Additional drilling will be conducted during both development and production phases to better define additional mineral blocks.

Once the Notice of Work has been submitted to the Inspector of Mines and has been approved-in-principle, it will be distributed to all parties that may have concerns (i.e. First Nations, Ministry of Environment, Ministry of Transport, Ministry of Forests). All parties then have thirty working days within which to state any concerns they may have (the Thirty Day Referral Period). The Mines Inspector will then pass these concerns on to the applicant, who will then ensure that all concerns are dealt with. Most often, the Mines Inspector will include these as conditions of the Approved Permit. The Notice of Work process will take about sixty working days if no major concerns are identified during the referral process.

Following, or even during the 10,000 tonne bulk sampling, the Company intends to apply for a Small Mines Permit to remove up to 75,000 tonnes per year. This can be done under a Notice of Work to the Mines Inspector. In addition, the Company will apply to have the Mineral Claim converted to a Mineral Lease, which is done by application to the Provincial Government.

Akash Patel, Discovery's current President and CEO stated, "Financing has reinforced Discovery's confidence in our WillaMax project. We are excited to be moving ahead with our business model as planned."

Wayne M. Ash, P. Eng., a Qualified Person under NI 43-101 who has an arm's length relationship with the Discovery, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release.

If you would like to be added to Discovery's news distribution list, please send your email address to or visit our website located at Document Moved.

Akash Patel, President and Director

Discovery Ventures Inc.
stockmountie is offline   Rate this post Yes | No Reply With Quote