Discovery Ventures Inc.

September 09, 2011 09:01 ET

Discovery Ventures Verify High Priority Drill Targets at La Sarita, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2011) - Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) wishes to report that its field crews are continuing geological mapping and grid soil sampling work on its La Sarita project in Sonora Mexico. This phase of work includes a 3D IP (induced polarization) survey to define sub surface geological structures,(completed) surface and underground sampling, and diamond drilling. The La Sarita project contains copper/silver mineralization over a recorded strike length of at least 2.4 km with indications of depth of 100 to 500 meters. Currently the company is continuing detailed sampling throughout the property in order to identify the highest priority drill targets.

After a recent visit to the property, Dr. R. H. McMillan P. Geo. recommended that additional mapping and soil sampling be undertaken to optimize the drill program recommended below. The geochemical work will also help define drill targets to test the strong IP and magnetic anomalies in the northeast portion of the grid as there is little or no geological or geochemical information available on these strong anomalies at this time.

The table below recommends diamond drill holes to test the current top-priority targets. All reference points are to the ground IP-magnetic survey grid. Recommended holes D, E and F are designed to constitute a "fence" to test for supergene and hypogene skarn-manto type mineralization that might be the source of the strong IP-magnetic anomaly at the west-central portion of the property. Outcrops in the area contain leached boxwork silica and garnet skarn suggesting intense supergene leaching of sulphide-rich material. Stratigraphy strikes 025°, dipping 85°SE.

Hole # Location Az (Dip ) Length Technical Justification for Target
A 2+00W, top of hill (-90 ) 250 Site 2 - high grade Cu-Ag skarn-manto below porphyritic ignimbrite cover
B 15+50N, 08+00W (-90 ) 300 Cu showing in intrusive, chargeability >30 ms
C 21+00N, 03+00W 000 (-50 ) 200 Site 1 - high grade Cu-Ag skarn-manto
D 23+00N, 10+00W 110 (-45 ) 350 Chargeability >35ms, magnetic variability, possible supergene enriched Cu-Ag skarn-manto, stratabound Cu on surface on strike to NE
E 23+00N, 06+50W 290 (-45 ) 350
F 23+00N, 12+00W 110 (-45 ) 350
Total 1,800

The property encompasses a number of historic small-scale artisanal type mining operations dating back to the late 1800s with both underground and surface workings. Sonora Mexico is home to the Cananea and the La Caridad mines, two large scale copper mines. Cananea (90 miles northwest of the La Sarita) is one of the largest open pit mines in the world and having opened in 1899 is one of the oldest in North America. La Caridad includes a copper mine and concentrator, as well as a smelter, refinery and rod plant and is located 35 miles north of La Sarita.

Management is pleased with the development of this project and anxious to get the La Sarita project closer to the drilling phase. As additional sampling continues, new prospect zones are being uncovered. Management is optimistic that the evaluation that has taken months to get to is now uncovering zones that are becoming the highest priority drill target. Dr. R.H. McMillan has reviewed and approved the technical aspects of this release which was prepared by Mr. David Rees.

About Discovery Ventures Inc.

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 is currently focused on three core assets including the Redbird/Rabbitt claims located in southern British Columbia in the Similkameen Mining Division; The Bralorne claims located in southern British Columbia in the Lillooet Mining Division who's mining camp historic gold production totaled 4.15 million ounces of gold from 52 separate veins; a value at current prices exceeding 5 billion dollars; and the La Sarita mining concessions located 100 miles south of the US/Mexico border, 20 km southeast of the town of Moctezuma.

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