Discovery Point is a point formed of glacial moraine

Moraine

A moraine is any glacially formed accumulation of unconsolidated glacial debris which can occur in currently glaciated and formerly glaciated regions, such as those areas acted upon by a past glacial maximum. This debris may have been plucked off a valley floor as a glacier advanced or it may have...

, marking the west side of the entrance to Moraine Fjord

Moraine Fjord

Moraine Fjord is an inlet 3.5 miles long with a reef extending across its entrance, forming the west head of Cumberland East Bay, South Georgia. Charted by the Swedish Antarctic Expedition under Nordenskjold, 1901-04, who so named it because of the large glacial moraine at its entrance....

, South Georgia. First surveyed by the Swedish Antarctic Expedition

Swedish Antarctic Expedition

The Swedish Antarctic Expedition was led by Otto Nordenskjöld and Carl Anton Larsen.-Background:Otto Nordenskjöld, a Swedish geologist and geographer, organized and lead a scientific expedition of the Antarctic Peninsula...

, 1901–04, under Nordenskjold. Probably named by Discovery Investigations

Discovery Investigations

The Discovery Investigations were a series of scientific cruises and shore-based investigations into the biology of whales in the Southern Ocean. They were funded by the British Colonial Office and organised by the Discovery Committee in London, which was formed in 1918...

 personnel in the period following their surveys of 1926-31, presumably for their organization or their ships, the Discovery or 'Discovery II', which were utilized in the surveys of South Georgia.