Discovery Minerals
Completed an agreement to acquire the Ruby Mine in April of 2021, from Sierra Gold LLC. The Ruby Mine is one of California’s best-known buried placer mines, and is considered by many to be one of the largest producing river channel mines of modern times. It features a system of gold-bearing tertiary channels that have been reported to have already produced over 250,000 ounces of gold. Placer refers to mining the buried watercourse riverbed. There are 3.5 miles of river channels yet to be mined on the Ruby mining claims. Historically the channels have produced up to 106,000 oz per mile, indicating a potential of 370,000 oz of gold still to be mined from the buried placer. Ruby Mine has an established treatment facility already in place with both water and power, that Discovery will make fully operational in the initial phase of their mining plan.
In addition to the well established placer ore that will be mined initially, one of the most exciting features of the Ruby Mine is the large greenstone belt formed in the Archean Age that is largely unexplored and is the source of the placer gold. The Discovery Minerals Geologists will be investigating this greenstone belt. Using modern geological concepts & technologies that have emerged around the world in other gold mining areas, Discovery Geologists by starting new operations adjacent to and underneath these previous operations and with careful evaluation and a judicious drilling program that substantial new resource maybe be uncovered.
The Ruby Mine is located between Downieville and Forest City, in Sierra County, California, approximately 100 miles north of Sacramento and 90 miles west of Reno, NV. The property covers approximately 1,755 acres consisting of the subsurface mineral rights and mining claims.
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
|---|---|---|---|
| 06/19/2021 | Quarterly Report - March 31 2021 | 03/31/2021 | A |
| 04/05/2021 | Attorney Letter with Respect to Current Information - Attorny Letter of Opinion | 12/31/2020 | A |
| 03/30/2021 | Quarterly Report - December 31 Quarterly | 12/31/2020 | A |
| 03/30/2021 | Annual Report - sept 30 2020 | 09/30/2020 | A |
| 08/14/2020 | Quarterly Report - June 30 Financial Report | 06/30/2020 | A |
| 05/13/2020 | Quarterly Report - March Quarterly | 03/31/2020 | A |
| 02/13/2020 | Quarterly Report - Financial disclosures | 12/31/2019 | A |
| 01/27/2020 | Attorney Letter with Respect to Current Information - Opinion Letter | 09/30/2019 | A |
| 10/17/2019 | Annual Report - Sept. 30 2019 | 09/30/2019 | A |
| 09/11/2019 | Quarterly Report - June 30 2019 | 06/30/2019 | A |
Share Structure
About Discovery Minerals
Stock Symbol: DSCR is an acquisition and development company that targets natural resource properties and cutting edge technology opportunities.
The Company primarily looks to identify properties with proven natural resource reserves where they can option mineral rights or joint venture with landowners to develop and mine the property. Discovery Minerals focus is gold mines that have been abandoned where new technology and geological methodology may identify additional ore resources significantly enhancing potential mining output.
Discovery brings a wealth of mining expertise and resources to projects through both its officers and directors as well as a global network of sector leading professionals. Discovery can mobilize the best talent available for individual projects as may be needed. The Company has found that this is an extremely effective way to attract landholders with mining assets & reserves into offering partnerships and joint ventures.
Investors
Transparency of all activities and open communication are integral to our corporate philosophy.
All Company information aims to promote and strengthen the confidence of our investors and business partners, as well as the general public. Our intention is to provide you with real-time and comprehensive information about our business activities. We are committed to fulfilling our obligation and duty as a responsible corporation, ensuring that our behavior reflects our values and concern of our shareholders.
Stock Symbol: DSCR
Investor Relations:
Tel: (310) 607-8252
Email: admin@discoveryminerals.com
UPDATED PRESS RELEASED
Company Profile
13428 Maxella Avenue
Suite 884
Los Angeles, CA 90292
United States
310-855-2642
http://discoveryminerals.com
Sector(s): Basic Materials
Industry: Other Precious Metals & Mining
Full Time Employees:
