Our new subpenny alert could see a triple-digit move tomorrow [T========================
DSCR (Discovery Minerals Ltd.)
Alert Price: $0.0003
Recent News
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Members,
We hope you enjoyed the over +207% in realistic gains that our past subpenny alerts delivered in less than one week's time!
You'll be happy to know that we've identified another red-hot subpenny company that could deliver over +200% in gains in just one trading session.
Please turn your immediate attention to DSCR (Discovery Minerals Ltd.).
Trading at just $0.0003, this acquisition and development Company that targets natural resource properties primarily in precious metals and mining operations is shaping up to be our biggest subpenny opportunity of 2019!
Think about it....
A move of just $0.0001 would show traders gains of +33%!
A move of $0.0002 would increase those gains to +66%!
And a move of $0.0003 would double your original investment!
As we witnessed with our most recent subpenny alert, these type of tickers can deliver triple-digit gains in no time at all.
This is also very exciting time for DSCR, as the Company recently completed a survey of their War Eagle Mountain Mining Plan.
In March, DSCR announced that they have completed a Joint Venture with the Owners of the War Eagle Mountain Project. Under the terms of the Joint Venture Discovery Minerals will be the operator of the mine and receive 50% of all net proceeds. The Owners have contributed their mining claims as well as the existing Mill Facility located on Silver City Road.
War Eagle Mountain is a proven gold and silver resource sitting in the Owyhee Gold Trend in the Silver City Gold district.
Russell Smith, CEO of Discovery Minerals, stated; “It has been a pleasure working with the owners of the War Eagle Mountain Project. War Eagle Mountain is a proven resource for Gold and Silver deposits and we are truly benefiting from the extensive historical operation reports and geology already completed as well as the owners’ knowledge of this rich project. The inclusion of the Mill Facility in the Joint Venture was extremely important as it will allow us to focus resources on commencing mining operations. Now that the Joint Venture agreement has been fully documented we will look to accelerate completion of the first phase mining plan. As previously announced our initial mining target is an extension of the Ore Fino Vein with approximately 70,000 tons of near surface ore. Girvan Jackson, Project Manager, and myself have already scheduled an immediate site visit with the geologists and mill engineer with a view to expedite the mining and precious metal production plan. We look forward to reporting compilation of the mining plan on schedule in April 2019 as well as other considerations to expand early operations and continue to create long term shareholder value.”
Based on our research, the revenue potential for War Eagle Mountain is MASSIVE (Possibly Billions of Dollars), and it has us extremely bullish on DSCR in 2019.
That being said, we ask that you start your research now, and consider building a position in DSCR tomorrow morning at 9:30AM EST!.
About Discovery Minerals Ltd.
Discovery Minerals Ltd. (DSCR) is an acquisition and development company that targets natural resource properties and cutting edge technology opportunities through its subsidiaries. The Board of Directors has determined that these activities be continued with an emphasis on early positive cash flow from any projects undertaken.
In their most recent shareholder update, Russell Smith, CEO of Discovery Minerals stated, “In 2018 we have successfully positioned the Company to move forward leveraging both our expertise and capital resources. I am extremely proud of the team that we have assembled, specifically Girvan Jackson who has a proven track record of bringing in projects on time and below budget. While we are continuing our negotiations on Mongolian Gold project we are finding North America projects attractive to the Company due to the stable conditions and improved supply chain. The War Mountain project is a great example where its owners recognized our particular expertise. Our primary goal for 2019 is to build significant recurring revenue streams. We look forward to reporting advances in early January 2019 as we look to expand our operations and create long term shareholder value.”
Recent Developments
DSCR Announces Site Survey Update for War Eagle Mountain Mining Plan
New findings from Independent Geologist Site Survey and Report state a conservative gold grade for Orofino Trench at 15gr per ton, revised from previous estimate of 10g per ton. Existing tailings have been estimated at 7g per ton.
Discovery Minerals is pleased to announce an update from the Board of Directors and CEO for the War Eagle Mountain. Russell Smith, CEO, led a team completing a two-week site visit and survey from late March to early April 2019. The Company engaged Geoff Boswell of Underhill Associates an independent geologist to review findings and prepare an updated report. This is an important step in the process to finish the comprehensive survey to begin mining operations on the Orofino Trench. The survey team also included Scott Barry, a Metallurgist and Milling Engineer in the project, Mr. Girvan Jackson, the Project Manager, and Mr. Bill Earl, Joint Venture Partner as well as other Company personnel.
Mr. Boswell stated in his report:
Geological Model of War Eagle Mountain:
War Eagle Mountain is located in southwest Idaho’s Silver City district…Approximately 60 million years ago during the Laramide orogeny, subduction of thickened oceanic crust from the west under the North American continent was flattened due to the subducted crusts’ thickening and buoyancy and as a result, magmatism and volcanic mountain building due to the subduction occurred much further inland than to be expected normally. The subducted crust was naturally metal enriched and devolatilization of the surface of the subducted crust created an H2O, Alkali, CO2, Sulphur, metals and metalloids enriched melt within the shallow mantle. These are all necessary precursors for high grade gold and silver emplacement higher in the crust.
Mining and Treatment program in 2019
1. The Orofino trench named in the calculations is the planned trenching of the Orofino vein for 500m at the northern end of its exposure. It is approximately 1m wide and the excavator will trench to approximately 13m (40 feet) deep after some blasting to break up the quartz. A conservative gold grade of 15g (1/2 Oz Au) has been assessed by prior sampling.
2. It is also planned to mine the Orofino veins beneath the trench as an initial high grade mine from the surface. This mining may add 60 vertical meters of mining to this scenario but this has not been entered into the initial calculations as it will involve some underground exploration and further modeling of the most efficient mining methods.
3. For the purposes of startup mill feed it has been decided to remove all suitable mill tailings and waste from War Eagle Mountain that lies within patented claims held by the company and use them to augment initial mill feed. It is thought that the tonnage of surface material may keep the mill going for up to 3 years and will certainly provide for full mill operations and significant cash flow while the underground mine is being drill tested and developed via an incline from the Sinker Tunnel.
4. All old shafts and underground workings were developed within veins (on ore) but where lower grade or development dilution produced development waste at lower than 2 oz gold per ton this rock would have been added to mine waste dumps at each shaft head.
5. Historical records suggest that the crushing of ore on the mountain was by stamper mills with mercury amalgam (over copper) tables. These mills historically had a recovery of approximately 70% of the metals.
Other Assumptions.
6. Mine records show an approximate 1:10 to 1:13 ratio between gold and silver recovered.
7. Mine waste dumps and tailings may contain between 15 and 60 g/t gold. We have given them a conservative grade of 7 g/t gold.
Report Conclusion.
“War Eagle Mountain contains high grade gold and silver veins, similar to those of the rich mines of northern Nevada, that provide a significant opportunity to a focused, small, narrow vein miner. The peak of War Eagle mountain appears to show a preserved top of the boiling zone and a preserved high-grade precious metal deposition zone. Mining can be achieved using the sinker tunnel for access via an incline up into the veins in the boiling zone.
Historic mill tailings and waste may contribute significantly to cash flow during the initial assessment and mine feasibility to production phase.”
Russell Smith, CEO of Discovery Minerals, LTD, stated, “The site survey and machinery inspection was extremely valuable in completing our comprehensive survey to begin mining operations. The near surface vein in the Orofino Trench remains our initial target. We were extremely pleased the independent geologist stated a 15g per ton AU grade as well as a 7g grade in existing tailings from historical mining operations. This is extremely conservative when you factor historical mining only targeted 2oz per ton and typically had a 70% recovery. We are finalizing our mining plan and look forward to announcing commencement of mining operations. It is important to note that where patented claims are involved we have the ability to begin operations. Our target is to commence within 60 days. As always I would like to thank our Shareholders for their continued support as we grow Discovery Minerals.”
A Billion Dollar Opportunity at War Eagle Mountain
War Eagle Mountain is a proven gold and silver resource sitting in the Owyhee Gold Trend in the Silver City Gold district.
This is a US based mining operation in Idaho County, Idaho benefiting from the security and proximity of resources of US based operations.
The last time War Eagle Mountain was commercially mined was in 1875. With basically picks and shovels over 415,000 oz of gold was pulled from the Oro Fino vein,
Prior to the Jay Cooke and Company Bank failing and ceasing mining operations. War Eagle was a difficult mine to operate in those days as the narrow veins tended to flood
And there were no modern plumbing systems to remove the water. Finally in 1905 a major mining operator ASARCO constructed a sinker tunnel to efficiently drain the tunnel system.
Prior to ASARCI commencing operations the Sinker tunnel was buried in a land slide and was not rediscovered until 1994 over a hundred years after the last oz of gold was pulled from War Eagle.
The current joint venture partner of DSCR, consolidate control and partnered with DSCR to finally start operations back at War Eagle after more then 140 years.
This first section targeting 70,000 tons with 15 g per ton of gold and 5 oz of silver for each 1oz of gold is a small fraction of the War Eagle Mountain project. This is a section to a depth of 100 feet and about 1200 feet in legnth.
To help understand the scale of the entire mountain, keep in mind that the Oro Fino vein is just one of three major vein systems in the War Eagle Mountain project and is estimated to run 1200 feet deep and 10,000 in legnth.
Yet just this first small ore body of 70,000 tons will yield over 1 million grams of gold with current geology reported by Underhill and Associate's at 15g per ton. With 28.34 grams per oz , this equates to about 35,300 oz.
At $1250 an oz this is $44 million of gold, and would equate to 176,500 oz of silver @ $15 per oz or $2.65 million in Silver.
Experts estimate that the mining operations ending in 1875 only pulled about 15% of the total ore deposits in the Oro Fino vein system. If 415,000 oz is only 15% there are over 2.3 million oz of gold still be mined.
Even if only 1.0 million oz are eventually recovered @$1250 an oz, that equates to $1.25 billion. This also does not account for the other two vein systems.
If mining at adjacent mountain are any indication, this is a multi billion dollar project.
The company has announced while mining this first section of the Oro Fino trench, they will be completing geology to target additional ore bodies and expand operations.
While the culmination of years of intense work, this is truly only the ground floor beginning of what we see as a project with mammoth potential for years to come.
Market Outlook:
Gold prices are expected to sky rocket this year.
Among those that are most bullish on the precious metal is Goldman Sachs. The investment bank maintained its overweight recommendation and raised its 12-month price forecast up from $1,350 an ounce to $1,425, a level last seen in August 2013. Goldman analysts contend that the gold price “will be supported primarily by growing demand for defensive assets, with a slower pace of Fed rate hikes in 2019 boosting demand only marginally.”
Technical Analysis
As we've stated time and time again, these subpenny alerts are where the monster gains are made!
Trading at just $0.0003 per share, the upside for DSCR is MASSIVE!
A move of just $0.0001 would show traders gains of +33%!
A move of $0.0002 would increase those gains to +66%!
And a move of $0.0003 would double your original investment!
If you missed out on our previous +80% and +127% runners, you will not want to be on the sidelines for DSCR tomorrow.
That being said, we ask that all members start their research on DSCR immediately, and consider building a position tomorrow morning at 9:30AM EST
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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