DENVER, Jan. 30, 2013 -- Discovery Gold Corporation (OTCQB: DCGD) ("Discovery Gold" or the "Company") is pleased to announce that CME & Co Enterprises Inc. ("CME"), geological consultants for its Edum Banso Gold Project in Ghana, have completed initial site reconnaissance, conducted meetings with relevant surface rights holders, and collected additional samples of rock outcrops and subcrops from high priority targets on the property.
Discovery Gold's President, Steven Flechner stated, "As previously indicated, these targets appear to have similar geology to producing mines and recent gold discoveries in the district. While the rock samples have been sent to an accredited laboratory for assaying, CME has begun work on historic data research and compilation for an updated technical report to incorporate topographic and other available data."
Mr. Flechner went on to say, "CME's extensive exploration experience and reputation as gold-finders in Ghana will continue to be of benefit as the Edum Banso project moves forward. Discovery Gold anticipates following up rock sample assay results and CME's technical report (late February) with a detailed soil sampling and trenching program in order to identify and then actively pursue gold targets for drilling, subject to timely financing."
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.
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Forward-Looking Statements/Disclaimer: Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may be identified by the use of words such as "anticipate", "believe", "expect", "may", "will", "would", "should", "plan", "projected", "intend", and similar expressions. The Company bases these forward-looking statements on current expectations and projections about future events, based on information currently available. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company disclaims any obligation to update any of its forward-looking statements, except as may be required by law. The Company has no mineral resource or reserve estimate for the Edum Banso Gold Project at this time, has no assurance that it will discover significant mineral resources, and may not have sufficient funding to thoroughly explore, drill or develop its property.
SOURCE Discovery Gold Corporation