Welcome to Discovery Gold
Discovery Gold Corporation is an emerging U.S. based mineral exploration company offering shareholders the opportunity to participate in the ownership of high-potential international gold exploration and development.
Discovery Gold is well-positioned to take advantage of the largest gold bull market in history with recent spot prices for gold reaching over US$1600 per ounce. Global inflationary pressures and economic uncertainties are expected to further support gold prices and demand. The Company’s corporate strategy is to grow through acquisition and exploration of high quality properties within established mining regions.
The Company’s wholly-owned subsidiary, Discovery Gold Ghana Limited, holds a 95% interest in the exclusive rights to explore the Edum Banso Gold Project within the historic and prolific gold producing Ashanti Gold Belt in Ghana. The Edum Banso Gold Project is located within the prolific gold producing Ashanti Gold Belt, in very close proximity and geologically similar to Golden Star Resources’ (AMEX:GSS, TSX: GSC) producing Wassa/HBB open pit deposits (180,000 oz./year production) and the multi-million ounce Nzema Gold Mine (100,000 oz./year) operated by the recently merged Adamus Resources and Endeavour Mining (TSX: EDV). The project is also located less than 10km from the recent high profile gold discovery made by Castle Peak Mining at Akorade.
The Edum Banso Gold Project represents a high quality exploration property with four known zones of gold mineralization and the potential to host both large tonnage low grade gold deposits and high grade lode gold deposits. Extensive physical, geophysical, and geochemical exploration conducted to date, indicate a major anomalous gold area approximately 8 km long and 600 m wide.