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DVN

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Share Name Share Symbol Market Type
TSXV:DVN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Discovery Ventures Inc. Announces it has Entered Into Discussions With Roca Mines Inc. Regarding Asset Acquisitions

23/04/2013 1:00pm

Marketwired Canada


Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) is
pleased to announce that it has entered into discussions with Roca Mines Inc.
and commenced due diligence efforts with respect to the potential acquisition
assets. 


The permitting process for the development and rehabilitation of the Willa
Deposit has been initiated. The Company expects to start work on the project as
soon as permits to proceed are attained. The Wllia host a NI 43-101 compliant
resource at a cut-off grade of 3.5 grams Ag/tonne (3.5 g/t), the Measured
category of the Mineral Resource is 495,784 t with an average grade of 7.18 g
Au/t, 0.94% Cu and 12.16 g Ag/t. The Indicated category at the same cut-off
grade is 262,415 t grading 5.71 g Au/t, 0.67% Cu, and 13.26 g Ag/t, for a total
mineral resource of the Measured and Indicated categories of 758,199 t grading
6.77 g Au/t, 0.86% Cu, and 12.54 g Ag/t. The Company has initiated several
technical and corporate due diligence efforts on assets held by Roca Mines Inc.,
including its wholly owned subsidiary FortyTwo Metals Inc. the owner of the MAX
Molybdenum Mine. MAX is a 500 tpd operation (currently on care and maintenance)
located 125 km away from the Company's Willa Deposit that could serve as a
potential site for the processing of mineralized material extracted from the
Willa property. 


The Company's President, Mr. Akash Patel states:

"Discovery Ventures recognizes that benefits may be realized by potential
acquisitions of certain assets located in the vicinity of the Company's Willa
deposit. The Company has commenced due diligence efforts to determine the
viability of such acquisitions."


About Discovery Ventures Inc.

Shares issued 34,659,749

Discovery Ventures' mission is to explore for and develop gold, silver, and
copper mineral deposits in the province of British Columbia, Canada. The Company
is currently focused on the Willa deposit located 8km south of Silverton in the
Slocan mining region; Other projects include 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 and
the Big Creek property located approximately 47 kilometres north east of the
Taseko Mines Prosperity Porphyry copper deposit.


If you would like to be added to Discovery's news distribution list, please send
your email address to info@discoveryventuresinc.com or visit our website located
at www.discoveryventuresinc.com.


Wayne Ash, PEng. is the Qualified Person for Discovery Ventures Inc. and has
approved the technical disclosure in this news release.


AKASH PATEL, President 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
1-604-818-1706
info@discoveryventuresinc.com
www.discoveryventuresinc.com

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