Discovery Announces Positive Drilling Results from All Operations at Porcupine Complex

Core Insights - Discovery Silver Corp. reported initial results from four key exploration projects at the Porcupine Complex, including Hoyle Pond Mine, Borden Mine, Pamour Mine, and Owl Creek, with a total of 85 holes drilled over 27,640 meters [1][2] - The drilling programs at Dome Mine and TVZ Zone were also initiated, which are expected to significantly enhance production from the Porcupine Complex [1] Exploration Results - Multiple high-grade intersections were reported at Owl Creek, with significant results including 4.08 gpt over 16.3m and 5.58 gpt over 5.2m [3][31] - At Hoyle Pond, notable intercepts included 23.95 gpt over 7.1m and 86.09 gpt over 2.1m, indicating substantial gold presence [4][12] - Borden Mine drilling revealed high-grade intersections such as 11.48 gpt over 5.2m and 9.41 gpt over 12.6m, showcasing the potential for resource expansion [15][18] - Pamour Mine results included 1.44 gpt over 104.6m and 3.42 gpt over 19.9m, highlighting the opportunity for resource conversion and expansion [21][24] Project Development - The Dome Mine redevelopment is seen as a game changer, with plans for 7,500 meters of drilling to update the existing 11.0 million ounce inferred mineral resource [8][34] - The TVZ Project is targeting a minimum of 25,000 meters of new drilling by early 2026, aiming for an initial NI 43-101 resource estimate [42][43] Company Strategy - The company aims to convert and expand inferred resources at its various sites, with ongoing drilling programs designed to identify new mineralization [7][19] - The exploration strategy includes evaluating attractive targets and extending drilling to greater depths, particularly at the Hoyle Pond and Borden sites [14][20]