VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 14, 2015) – Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:ODV)(OTCQX:DTVMF) (“Discovery“) announces it has engaged a work crew to commence various maintenance and upgrades to its WillaMAX Project. The MAX Mill, camps and offices have been on care and maintenance since the end of 2011 and the scope of work initially includes repairing and renovating some of the structures. Other tasks include repairs and basic modifications to some of the systems in the plant as preparation for larger modifications that may be completed in the future.
“Discovery is pleased to announce that it is deploying a work crew to commence repairs and maintenance to the mill and its facilities,” said Dan Omeniuk, Chief Executive Officer of Discovery.
Wayne M. Ash, P. Eng., a Qualified Person under NI 43-101 who has an arm’s length relationship with the Discovery, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release.
Discovery Ventures Inc. is a gold, copper and silver mining company focused on the exploration and development of its WillaMAX Project that is located in the Kootenays of British Columbia. The company has four mineral properties in British Columbia. Discovery’s newly acquired Max Milling facility is located 135km north of the Willa Project site.
On behalf of the Board of Directors,
Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc.
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.
It is important to note that the information provided in this news release is preliminary in nature. There is no certainty that a potential mine will be realized. A mine production decision that is not based on a feasibility study demonstrating economic and technical viability does not provide adequate disclosure of the increased uncertainty and specific risks of failure associated with such a production decision. While no production decision has been made, there are inherent risks in proceeding with the development of the project and the company’s planning for the project and these include, mineral price forecasts, capital cost overruns, availability of skilled labor, environmental compliance and restrictions, community matters, potential operating cost estimates, mining costs, development costs, underground mining and geotechnical risks, metal recoverability, milling costs, and related matters.
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, including that larger modifications may commence in the future. 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; (ii) Discovery’s ability to raise additional capital, and (iii) risks inherent in the mining 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.