MARINA DEL REY, Calif.,
July 22, 2014 /PRNewswire/ --
Discovery Minerals LTD. (OTC Pink: DSCR) (OTC: DSCR) Discovery is
pleased to provide shareholders with additional detail on the
anticipated yield from the AB AGRO hemp crop harvest planted on
July 1, 2014 (update video and photos
are available online at: http://tinyurl.com/dscrhempvid). The hemp
has been planted on 160 acres of land in Alberta Canada. Average yield is 1 ton per
acre for hemp stalk harvested. The Company is conservatively
anticipating a yield of .375 tons of stalk/stem per acre,
delivering 59 tons (118,000 pounds or 53,636 kilograms) of
available material for processing into concentrated CBD oil. VPR's
method for processing and extraction has the potential to reduce
operational costs and increase efficiency of CBD oil extraction
from industrial hemp, resulting in greater yields and
concentrations. The processed hemp from the harvest is anticipated
to yield up to 500 kilograms of CBD oil.
The market price of pharmaceutical CBD oil today is between
20,000 and 30,000 Euro Dollars/kg,
(Source: Bio-Based News, May 28, 2014,
http://tinyurl.com/cbd-pricingeu).
VPR's processing and extraction method is designed to be mobile.
This will provide access to additional supplies of hemp.
About Discovery Minerals LTD.
Discovery Minerals Ltd., (OTC PINKSHEETS: DSCR.PK) is an
acquisition and development company that targets natural resource
properties through its subsidiaries. These properties fall within
two primary channels, precious metals/mining and industrial hemp.
Discovery subsidiaries engage in activities that include the
cultivation, product development, and distribution of industrial
hemp; Gold, silver and precious metals. In addition, the Company is
pursuing clean tech and alternative energy investments to be
integrated into these business channels.
About VPR Group, Inc.
VPR Group, Inc. focuses on the production and extraction of
concentrated CBD oils through a proprietary process for retail and
wholesale products.
Safe Harbor
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Contact Person
Russell Smith
+1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.