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1 year chart

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Epic & Msn data
Epic DME
Time: 16:30:13
Mid Price: 7.50
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 30.50
Fifty Two Week Low: 7.25
Market Capital: 11.26
Period & price data
Period Price
Now: 7.50
3 Months ago: 19.00
6 Months ago: 26.00
1 Year ago: 20.00
Additional information
Additional Information
Market: AIM
Sector: General Mining
News: Latest news
Web Site: Discovery Metals
Other Articles: 25-09-200824-09-200822-08-2008

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Discovery Metals

Discovery Metals combines an attractive portfolio of mineral assets in Africa and joint ventures in Australia. Its management team has a strong track record of success in finding and developing mineral resources. Currently Discovery Metals is concentrating on the assessment of the Maun Copper Project in NW Botswana and the Dikoloti Nickel Project in NE Botswana. The Company moved into pre-feasibility mode for the Maun Copper Project in August 2007 with the aim of completing the pre-feasibility study by first quarter 2008.
Company information about: Discovery Metals
Thursday, January 31, 2008

Discovery Metals intersects high grade copper

Discovery Metals, the copper and nickel exploration and development company focused on Botswana, released results from 17 of a 56 infill drilling program from the Zeta Prospect which is part of the Maun Copper Project.

Highlights impressed, with intercepts including 8 metres at 3.1% copper at 2.4 grams per tonne silver, 8 metres at 2.4% copper and 25 grams per tonne silver and 11 metres at 2% copper and 32 grams per tonne silver. The Company added that the drill results suggested the resource at Zeta was both thicker and higher grade in the centre of the deposit than previously indicated.


Discovery Metals' MD Jeremy Read commented:


"The results from the holes released today have exceeded our expectations as they have defined a higher grade zone in the centre of the Zeta Resource exceeding 2% Cu over a strike length of nearly a kilometre and at shallow depth. From this first batch of results from the Zeta Infill Drill Program we have recorded our best ever intersection at Zeta of 8m @ 3.1% Cu indicating that the closer spaced drilling is giving us much better definition of the higher grade areas within the Zeta Resource and we are looking forward to receiving further results from the infill drill program."

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Disclaimer

This document is intended solely for the information of the particular person to whom it was provided by Proactive Investors Australia Pty Ltd and should not be relied upon by any other person. Although we believe that the advice and information which this document contains is accurate and reliable, Proactive Investors Australia Pty Ltd Limited has not independently verified information contained in this document which is derived from publicly available sources, directors and proposed directors and management. Proactive Investors Australia Pty Ltd assumes no responsibility for updating any advice, views, opinions, or recommendations contained in this document or for correcting any error or omission which may become apparent after the document has been issued. Proactive Investors Australia Pty Ltd Limited does not give any warranty as to the accuracy, reliability or completeness of advice or information which is contained in this document. Except insofar as liability under any statute cannot be excluded, Proactive Investors Australia Pty Ltd Limited and its directors, employees and consultants do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omission in this document or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this document or any other person.

This document has not been written for the specific needs of any particular person and it is not possible to take into account each investor’s individual circumstances and that investors should make their adviser aware of their particular needs before acting on any information or recommendation. Proactive Investors Australia Pty Ltd Limited, its employees, consultants and its associates within the meaning of Chapter 7 of the Corporations Law may receive commissions, underwriting and management fees, calculated at normal client rates, from transactions involving securities referred to in this document and may hold interests in the securities referred to in this document from time to time.

Disclosure of Interest

Proactive Investors Australia Pty Ltd and its associates may have owned shares in the above company as at the date of the report. This position is subject to change without notice.