Oct 19 2011
Edward Lee, President of Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the "Company") is pleased to announce the completion of its drill program that has produced significant silver, copper, lead, zinc and gold values from split diamond drill core from its 100% owned Beaverdell Silver Project located 3 km east of Beaverdell, BC.
The program consisted of 16 diamond drill holes totaling 2,457 meters (8,060 feet), from 9 drill stations, on the Duncan-Bounty and Kokomo-Tiger Zones in July-August, 2011. The objective of the drilling was to intersect depth extensions of known mineralization outlined in previous surface outcrop sampling. The following results were obtained from angle and vertical diamond drill holes collared south of Duncan-Bounty (DDH-2) and Kokomo-Tiger (DDH-5 to 16). Diamond drill holes 5 to 16, are located 30-50 meters south of the Kokomo-Tiger surface showings in the north portion of Molycor's mineral tenures.
Results are as follows:
Results were based on split core sampling of 0.3 - 2.1 meters (1 to 7 feet) interval lengths of core, and subsequent ICP geochemical analysis by Pioneer Labs Inc., Richmond, BC. Core logging, sampling and data compilation was supervised by Andris Kikauka, P.Geo.
A compilation of results from the 2011 core drilling program is underway to assess projections of quartz-sulphide fissure veins from surface to depth. Further drilling and surface sampling-mapping will be planned in order to trace extensions of what appears to be at least 3 separate quartz-sulphide fissure vein systems in the Kokomo-Tiger silver-bearing mineral zone.
About Molycor Gold Corp.
Molycor is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.