$DSCR Discovery Minerals Applauds Geological Team'
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Posted On: 07/15/2021 10:05:06 AM
$DSCR Discovery Minerals Applauds Geological Team's Review of Ruby Gold Mine and Work Program
Discovery Minerals applauds the results of their Geological team's evaluation of the Ruby Gold mine.
GRASS VALLEY, CA / ACCESSWIRE / June 22, 2021 / Discovery Minerals LTD (OTC PINK
SCR), the precious metals exploration and production company, is pleased to announce the completion of their geological review and work program for the Ruby Gold Mine on the widely known " Mother Lode " in Northern California.
Discovery Minerals plans to re activate the Ruby Gold mine which worked deep lead (channel) placer gold over an extended period between 1878 and 1965. The mine development concept rests on three factors a) that sub ½ ounce alluvial gold which was considered waste rock over much of the mine's history remains in place or as backfill b) that several kilometres of unworked paleo river channels remain to be mined as well and c) bedrock gold associated with orogenic type gold mineralised quartz lodes underlying and in close proximity to the buried gravel channels remain in place.
The current work objective is to compile a three-dimensional model of the topography and historical data including the base of the overlying volcanics (post deep lead cover rocks), the gold bearing conglomeratic river channels from historical plans, the top of bedrock and within the basement metamorphic and greenstone geology (from underground workings and define the broad location, width, and orientation of known quartz-gold lode structures. The Company CEO, Russell Smith, stated that with the use of modern Geophysics and drilling the Company will transform the gold bearing gravel mining operation into a major gold producing area over time.
https://finance.yahoo.com/news/discovery-mine...00294.html
Discovery Minerals applauds the results of their Geological team's evaluation of the Ruby Gold mine.
GRASS VALLEY, CA / ACCESSWIRE / June 22, 2021 / Discovery Minerals LTD (OTC PINK
SCR), the precious metals exploration and production company, is pleased to announce the completion of their geological review and work program for the Ruby Gold Mine on the widely known " Mother Lode " in Northern California. Discovery Minerals plans to re activate the Ruby Gold mine which worked deep lead (channel) placer gold over an extended period between 1878 and 1965. The mine development concept rests on three factors a) that sub ½ ounce alluvial gold which was considered waste rock over much of the mine's history remains in place or as backfill b) that several kilometres of unworked paleo river channels remain to be mined as well and c) bedrock gold associated with orogenic type gold mineralised quartz lodes underlying and in close proximity to the buried gravel channels remain in place.
The current work objective is to compile a three-dimensional model of the topography and historical data including the base of the overlying volcanics (post deep lead cover rocks), the gold bearing conglomeratic river channels from historical plans, the top of bedrock and within the basement metamorphic and greenstone geology (from underground workings and define the broad location, width, and orientation of known quartz-gold lode structures. The Company CEO, Russell Smith, stated that with the use of modern Geophysics and drilling the Company will transform the gold bearing gravel mining operation into a major gold producing area over time.
https://finance.yahoo.com/news/discovery-mine...00294.html
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