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Discovery Ventures Inc. Commences Aerial LiDAR and Digital Photography at Willa
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 2, 2014) - Discovery Ventures Inc. (TSX VENTURE:DVN) (FRANKFURT:ODV) ("Discovery" or the "Company"), is pleased to announce that it has recently engaged Eagle Mapping Ltd. to commence an aerial LiDAR survey over the Willa Property. The survey, and accompanying digital photography will be used to create accurate maps for the roughly 12.5-sq km project area. The site is characterized by steep treed topography and is best surveyed using this technique.
LiDAR Survey
Aerial LiDAR systems provide very accurate measurements of topography and with ground-station calibration, allow for detailed 'bare-earth' topographic maps to be generated of an area. In addition to providing mapping to 1-m contouring, the survey will also provide for the processing of an accurate digital terrain model (DTM). The DTM will complement and improve the digital mine model by allowing for direct reconciliation of drill hole collars, thereby improving the accuracy of the drill dataset within the model.
Digital Photography
Digital colour aerial photography will also be captured during the flights providing orthophotos of the property with 20-cm resolution. The orthophotos can be used to identify geological hazards and other structures, and will allow for detailed design of potential access and services to the site.
About Discovery
Discovery is an exploration and development stage company focused on the WillaMAX project which is prospective for gold. A summary of the project is provided in a recent WillaMAX Preliminary Economic Assessment (PEA) released May 26, 2014 as amended June 20, 2014 prepared by Wayne M. Ash, P.Eng. The WillaMAX project would combine the Willa copper-gold resource with processing facilities at the MAX Mine, both located in south east BC. Due diligence is underway for project financing that is anticipated to facilitate the completion of key acquisitions and advance engineering and permitting work for both sites. The MAX Mine acquisition includes existing permits, a modern mill & concentrator and sizeable tax loss pools.
Wayne M. Ash, P. Eng., a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects who has an arm's length relationship with the Company, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release, to be released September 2, 2014.
On behalf of the Board of Directors,
Akash Patel, President, CEO and Director, Discovery Ventures Inc.
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 Discovery. 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) adverse market conditions; and (ii) risks inherent in the mineral exploration industry in general. 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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
