[Marinir] {Disarmed} Discovery Ventures (TSX-V: DVN) Signs LOI to Acquire the Willa Gold Deposit

Thu Oct 18 17:44:40 CEST 2012

 Click here
http://www.actonsoftware.com/acton/ct/1523/s-016c-1210/Bct/l-0002/l-0002:15bcd/ct0_1/1
 to view this message in a browser window

http://www.discoveryventuresinc.com/s/Home.asp 

Our Latest Feature Company 

Discovery Ventures Inc. (TSX-V: DVN) Announces the Signing of a Letter 
of Intent to Acquire the Willa Gold Deposit 

Discovery Ventures Inc. (TSX-V: DVN) 

http://www.youtube.com/watch?v=qdTxVY_u5xY&feature=plcp 

http://www.youtube.com/watch?v=qdTxVY_u5xY&feature=plcp 

Click here to watch video News Release 

http://www.youtube.com/watch?v=qdTxVY_u5xY&feature=plcp 

Discovery Ventures Inc. (TSX-V: DVN 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=DVN&region=C&lookup=symbol&snapshot=default 

) is pleased to announce it has signed a Letter of Intent to enter into 
negotiations and to complete technical due diligence with the intent of 
acquiring up to 80% interest in the mineral claims located in the Slocan 
Mining District of British Columbia known as the Willa Deposit. The 
mineral property consists of 5,328 Hectares and is located south of the 
town of Silverton B.C. 

The deposit has been extensively explored and developed to by several 
operators including Noranda, Rio Algom, BP Minerals, Bethlehem Resources 
Corp. Northair Mines Ltd. and Hudson Bay Mining & Smelting. An extensive 
data base is under review which covers work that includes 596 drill 
holes totalling 189,000 feet (57,250 meters) of core drilling and 8500 
feet (2,575 meters) of underground workings, extensive geophysics and 
sampling consisting of 17,150 analyses for Au, Cu, and Ag. 

The Willa deposit is primarily identified as a sub-volcanic 
breccia-hosted type deposit (L01, B.C. Mineral Deposit Profiles). A 
sub-volcanic intrusive is located near or above a porphyry hydrothermal 
system. This creates a pyrite and silica-rich mineralized stockwork 
breccia closely spaced to sheeted veins with local massive to 
disseminated replacement zones. The mineralization is usually 
polymetallic (Cu-Ag-Au [As-Sb]). 

This Letter of Intent will serve as the basis for negotiating a 
definitive agreement. Company President Akash Patel comments that "We 
believe the Willa Project will offer Discovery Ventures shareholders 
significant value in today's exciting gold market". 

The agreement may be effected in one of several different ways, most 
likely an option to acquire the Claims by Discovery Ventures Inc. from 
0951719 B.C. Ltd. The parties will jointly determine the optimum 
structure for the Transaction in order to best satisfy regulatory and 
other considerations, including mutually agreed upon performance based 
milestones. 

The agreement purchase payable by Discovery to 0951719 B.C. Ltd. shall 
consist of an agreed upon consideration by both parties. The closing 
conditions will include the completion of a National Instrument 43-101 
compliant technical report on the Willa Property and subsequent approval 
by the Exchange. The due diligence period shall be a maximum of thirty 
days. 

About Discovery Ventures Inc. 

Shares issued: 23,641,749 

Discovery Ventures' mission is to explore for and develop gold, silver, 
and copper mineral deposits in the province of British Columbia, Canada. 
The Company is currently focused on three core assets including the 
Redbird/Rabbitt claims located in southern British Columbia in the 
Similkameen Mining Division; The Bralorne claims located in southern 
British Columbia in the Lillooet Mining Division who's mining camp 
historic gold production totalled 4.15 million ounces of gold from 52 
separate veins; and the Big Creek property located approximately 47 
kilometres north east of the Taseko Mines Prosperity Porphyry copper 
deposit 

Discovery Ventures' mission is to explore for and develop gold, silver, 
and copper mineral deposits in the province of British Columbia, Canada. 
The Company is currently focused on three core assets including the 
Redbird/Rabbitt claims located in southern British Columbia in the 
Similkameen Mining Division; The Bralorne claims located in southern 
British Columbia in the Lillooet Mining Division who's mining camp 
historic gold production totalled 4.15 million ounces of gold from 52 
separate veins; and the Big Creek property located approximately 47 
kilometres north east of the Taseko Mines Prosperity Porphyry copper 
deposit. 

If you would like to be added to Discovery's news distribution list, 
please send your email address to info at www.discoveryventuresinc.com or 
visit our website located at http://www.discoveryventuresinc.com/ 

http://www.discoveryventuresinc.com/ 

. 

ON BEHALF OF THE BOARD 

AKASH PATEL, President 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Telephone: 1-604-818-1706 

This press release contains projections and forward-looking information 
that involves 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 
such as the statement that the closing of the Agreement may occur and 
that the option may be exercised. 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 the inability to obtain exchange 
approval or inability to close the agreement for any reason. 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. 

Neither the TSX Venture Exchange Inc. nor its Regulation Service 
Provider (as that term is defined in the policies of the TSX Venture 
Exchange Inc.) accepts responsibility for the adequacy or accuracy of 
this press release. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com

KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************

If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-016c-1210/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20121018/cba85977/attachment.html>