Discovery Ventures Inc.

July 15, 2011 09:01 ET

Discovery Ventures Inc. Completes 3DIP Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2011) - Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) is pleased to announce the completion of a 3DIP survey on the Company's La Sarita property located 20 km southeast of the town of Moctezuma, Sonora, Mexico. The property consists of four mining concessions totalling 829.4955 hectares in area.

The results of this recently completed IP survey confirm the existence of several strong anomalous zones to depths exceeding 300 meters. These anomalous zones correspond to historic surface workings containing wide spread copper/silver occurrences.

Numerous drill targets have been identified and diamond contract negotiations are underway. Drill site preparations are nearing completion and drilling is expected to begin once contracts have been completed.

About Discovery

Discovery Ventures Inc. explores for and develops gold, silver, and copper mineral deposits in the Province of British Columbia, Canada, and Sonora, Mexico.

The Company has three core assets including the Redbird/Rabbitt and Bralorne claims, both located in southern British Columbia and the La Sarita located in Sonora, Mexico.

On Behalf of the Board,

David W. Rees, President

This press release contains projections and forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery such as the statement that the closing of the Agreement may occur and that the option may be exercised. There are numerous risks and uncertainties that could cause actual results and Discovery's plans and objectives to differ materially from those expressed in the forward-looking information, including the inability to obtain exchange approval or inability to close the agreement for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Discovery Ventures Inc.
    David W. Rees
    (604) 290-5696