Discovery Alaska Limited (AU:DAF) has released an update.
Discovery Alaska Limited has secured a significant Mining Lease Agreement for the Vinasale Gold Project in Alaska, indicating a major step forward in their growth strategy. The project boasts a historic inferred resource of 22 million tonnes at 1.53g/t yielding 1.08 million ounces of gold and an indicated resource of 2.29 million tonnes at 1.84g/t for 135,000 ounces, with the potential for expansion as the mineralization remains open. The company is gearing up to initiate comprehensive exploration and development programs to capitalize on this opportunity.
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