posted in:

Discovery Gold receives Ghana Ministry consent and signs geological consulting agreement for work on Edum Banso gold project

Wednesday, Jan 16, 2013

DENVER, Jan. 15, 2013 /PRNewswire/ -- Discovery Gold Corporation (OTCQB: DCGD) ("Discovery Gold" or the "Company") is pleased to announce (i) that the Company has received formal consent from the Ministry of Lands and Natural Resources of Ghana for its receipt of the assignment of the Option for the prospecting license for the Edum Banso gold project, and (ii) that the Company has executed a geological consulting agreement with CME & Co Enterprises Inc. of Vancouver for immediate undertaking of historic data compilation, site reconnaissance, and rock sampling work on the Edum Banso gold project.

Discovery Gold's President, Steven Flechner, said, "We are pleased to have received the formal approval of assignment from the new Ghana Mining Minister pursuant to the prior recommendation of the Ghana Minerals Commission, and we look forward to analysing the assay results and technical report from CME's contracted Edum Banso work.  CME has extensive experience in Ghana, including exploration work in the prolific gold producing Ashanti Gold Belt where the Company's Edum Banso gold project is strategically located in proximity to and in similar geologic structures as current gold production and recent gold deposit discoveries."

Mr. Flechner added that (subject to financing), "the Company anticipates following up CME's initial work with a detailed soil sampling and trenching program in order to identify and then pursue gold targets for drilling."

About Discovery Gold Corporation

Discovery Gold Corporation is an emerging U.S. based mineral exploration company.  The Company's wholly-owned subsidiary, Discovery Gold Ghana Limited, currently holds a 95% interest in the option of the exclusive rights to explore the Edum Banso Gold Project within the historic and prolific gold producing Ashanti Gold Belt in Ghana.

SOURCE Discovery Gold Corporation

posted in:

Other Mining News

Ore grades spike in North Raise area of LKA's Golden wonder mine 21-04-2014
Marathon completes successful sprite zone winter drilling program, Valentine Lake property 18-04-2014
Aureus Mining Inc. - appointment of MonuRent to provide and maintain fleet for owner mining operation at the New Liberty Gold Project in Liberia 18-04-2014
Vista Gold Corp. announces option agreement on the Guadalupe de los Reyes project 16-04-2014
Ivanhoe Mines' drilling program extends depths of rich zinc and copper zones at the Kipushi Mine in D.R. Congo 16-04-2014
Vorkutaugol to commission 11 new coal faces across its mines in 2014 16-04-2014
Vanstar updates on Liam drilling 15-04-2014
Lakeland Resources Inc. acquires 5 new uranium properties in the Athabasca Basin 14-04-2014
Comstock Mining provides update 11-04-2014
Sierra Mining Limited announces registration of scheme booklet 11-04-2014