MINERVA PROJECT

The Minerva project is located 230km west northwest of the city of Melchor Muzquiz in Coahuila State, Mexico, 30km west of the La Encantada silver mine owned by First Majestic Silver Corp., and within 20-100km of Discovery’s other pipeline projects. Minerva encompasses Ag-Pb-Zn mineralization hosted in skarns, mantos, chimneys and breccias similar to those found at La Encantada. Discovery has carried out the first significant modern exploration program on three main areas of historical workings, known as Mina Minerva, Concordia and Tercia. All three areas have been subject to artisanal mining, with the most extensive historical workings at Mina Minerva.