Molycor Gold Corp. (TSX Venture: Mor) (PINK Sheets: MLYFF) (Frankfurt: M1V) (the "Company") is pleased to report the discovery of 3 new zones of gold / silver mineralization at the Davis Property. Outcrop chip samples in the Central Zone assayed 14 g / t gold, 13.8 g / t silver and 0.5m channel sample assayed in the Zone Atwood 1.9 g / t gold and 674 g / t silver, and take samples in the zone assayed 12 Butler , 9 g / t gold and 416 g / t silver.
Davis is the property 100% owned by Molycor and is located 13 km south of Gabbs, Nevada.
Exploration has been going on since the fall of 2007 consisting of geological mapping, together with rock chip and soil geochemical sampling program has identified a total of 6 mineralized gold / silver anomalies.
The Davis Zone is 400 meters (1,200 feet) long outcropping silicified zone parallel to clearly outcropping rhyolite dike. Gold and silver epithermal veins occur in the drilled by U.S. Mining and smelting Co (USSRAM) from 1974 to 2004. A summary of property, written summary of the results for USSRAM them, the materials were reported significant average 0.11 ounces / ton gold in six of the eleven holes in the Davis Mine. Molycor drilled seven diamond (HQ core) drill hole total 2948 feet to test for mineralized extensions along strike to the north and south and also to test the mineralization up dip from the zone known. The value of gold and silver re-highs of 3.53 g / t (0.105 choose) more than 4.3 meters gold and silver more than 11.8 select 1.3 meters (see news release dated November 24, 2008). A step of the drilling program south along strike and depth of focus will be on expanding the zone where the vein is believed to be condensed.
Central Zone epithermal vein is a target type of hosting gold and silver mineralization is located between the Davis vein miner Dan Butler. Exposed on the surface, the zone has a strike length of 900 meters and contains a wide zone of sub-parallel veins of quartz and brecciated quartz trend N60W to N80W and dipping steeply to the south. Gold up to 14 g / t silver and up to 305 g / t occurs in veins as wide as 1.0 to 1.5 meters in the zone. Junction described in this vein that the new system known as the Davis vein may create permeability and porosity to form a larger mineralized zone at depth.to find more just visit : www.beerle.com
No comments:
Post a Comment