Discovery Gold Corp. (OTCQB: DCGD)
DCGD has been a fully SEC reporting company since 2010. Just a short time ago these securities were trading around .59/share over 500% higher than current levels. DCGD is looking very attractive at this level and with the recent company developments we could easily have a triple to quadruple digit gainer on our hands.
Here is why we think DCGD could be a buyout target and sitting on hundreds of millions in gold reserves.
Discovery Gold Corp. has 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.
Located in the prolific “Ashanti
Gold Belt” of Ghana
20 km2 area – located 35 km from
city of Takoradi (pop. 335,000)
Very active gold mining and
exploration in immediate vicinity
Less than 3 km from Wassa/HBB
Producing gold mines operated by
Golden Star – 180,000 oz./year
East of Nzema Gold Mine
(Adamus Resources – 3 M.oz. -
100,000 oz./year) acquired by
Endeavor for $320 million)
Recent news indicates a go ahead from the local government…
Discovery Gold Receives Ghana Ministry Consent and Signs Geological Consulting Agreement for Work on Edum Banso Gold Project
DENVER, Jan. 15, 2013 /PRNewswire via COMTEX/ – Discovery Gold Corporation (OTCQB: DCGD) (“Discovery Gold” or the “Company”) is pleased to announce (i) that the Company has received formal consent from the Ministry of Lands and Natural Resources of Ghana for its receipt of the assignment of the Option for the prospecting license for the Edum Banso gold project, and (ii) that the Company has executed a geological consulting agreement with CME & Co Enterprises Inc. of Vancouver for immediate undertaking of historic data compilation, site reconnaissance, and rock sampling work on the Edum Banso gold project.
Discovery Gold’s President, Steven Flechner, said, “We are pleased to have received the formal approval of assignment from the new Ghana Mining
DO YOUR OWN DD!!!
Sentiment: Strong Buy