June 14, 2016
Lorne Warner P.Geo from Placer Dome/Detour Lake joins MX Gold Corp Board
Discovery Ventures Inc. (TSX-V: MXL) (FSE: ODV) (OTCQX: DTVMF) (“Discovery“)
announces is pleased to announce the appointed of Lorne McLeod Warner P.Geo as a director of the Board of MX Gold Corp, effective June 13, 2016. Mr. Warner will also continue his duties as head of Technical Services for MX Gold Corp, supporting the permitting and mine development of the Willa Gold, Copper and Silver Deposit.
Mr. Warner has over 30 years of mineral exploration and open pit/underground mining experience with major mining companies Noranda Exploration and Placer Dome, as well with several junior mining companies. Since 2002, Mr. Warner has been involved in exploration and development management worldwide and was successful in the discovery and delineation of several mineral deposits for several junior mining companies.
Mr. Warner was the first to commence exploration at Detour Lake, Ontario after Placer Dome suspended operations with Trade Winds Ventures. He defined a +2.68 million ounce gold, 43-101 compliant resource before being taken over by Detour Gold Corp. Following his success at Detour Lake, Mr. Warner discovered the Falea North Zone Uranium/Silver/Copper Deposit in Mali, West Africa. The Falea Project currently hosts approximately 23.5 million pounds U3O8/ 21.8 million ounces Ag and 45 million pounds Cu. During Falea exploration, Mr. Warner also initiated systematic exploration programs including several drilling programs on the Fatou Property in Mali. The Fatou project currently hosts a 43-101 compliant report outlining +500,000 contained ounces of gold. Mr. Warner has worked in Canada, USA, Mexico, Brazil, Mali, Niger, Burkina Faso, Namibia, South Africa, China and Papua New Guinea.
Lorne Warner comments ” I am pleased to have the opportunity to join the board of MX Gold Corp. The company has excellent assets in the Willa Gold, Copper and Silver Deposit and the Max Mill and Tailings facility”. “Most importantly, in the short term I see the company developing and mining the Willa Deposit but also the large upside mineral potential in the region to expand.”
About MX Gold Corp.
MX Gold Corp. is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, BC. In 2015, MX Gold Corp completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. The Willa mine is located 135 kilometers south of the Max Mill.e Willa Project site.
On behalf of the Board of Directors,
Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc.
For further information, please contact Ron Birch 250-545-0383
or by email at:
This press release contains forward-looking information that involve 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 the Discovery, including without limitations the statements regarding mineralization and recoveries from mineral samples on the Willa project, anticipated mineralization, plans and anticipated results of future sampling, production potential. 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: (i) the results of the historical testing and current metallurgical testing prove to be inaccurate or not to be indicative of wider mineralization at the Willa project; (ii) risks inherent in the mineral exploration industry in general; (iii) the ability of Discovery to complete additional testing in the future; and (iv) such other risks and uncertainties which may not be known to Discovery at this time. 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. Except as required by law, Discovery does not intend to update these forward-looking statements.
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.
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