Sept. 20, 2012
/PRNewswire/ -- Discovery Gold Corporation (OTCQB: DCGD) ("Discovery Gold" or the "Company") is pleased to announce that the Company has completed planning of its pre-drilling exploration program for the Edum Banso Gold Project in Ghana. The Company intends to focus the next round of exploration on two select high-priority anomalous gold targets, Target Zone #1 and Target Zone #5.
These high-priority exploration targets were chosen due to previously encouraging results, and in the case of Target Zone #5, its close proximity to the unique primary geological feature thought to be associated with the source of gold currently being open pit mined by Golden Star Resources less than 1km from the property border directly to the southeast. The Company intends to proceed with the first phase of its pre-drilling exploration program in Q4 2012 as soon as anticipated funding is received and an exploration services agreement is finalized.
"Moving forward with our Edum Banso Gold Project in
is the top-priority of the Company," stated
, President of Discovery Gold. "To date, exploration results have outlined several promising high-priority target areas that warrant detailed follow-up exploration and potentially drilling, especially in light of the continued mining and exploration success of Golden Star Resources across the property border just 1 km to the southeast."
Edum Banso Historic Exploration
The Edum Banso Gold Project has a well-documented history of exploration, including extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling (5,758 total samples), trenching (214 samples), auger drilling (252 holes), and numerous rock chip samples. To date, four distinct mineralized gold zones have been identified over an area approximately 8 km (5 miles) long and 600 m (650 yards) wide, including two southern zones sharing contact with the unique Mpohor Complex geologic structure, one of the largest known gold bearing synvolcanic mafic intrusives on the African continent. The Mpohor Complex also hosts the Golden Star Resources producing HBB open pit gold deposits (Father Brown and Adoikrom - 180,000 oz./year production) less than 1 km from the property border to the southeast.