Dec 15 2010
Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) has reported the identification of a mineralized sulfide zone during a field exploration program that was carried out for assessment purposes on Molycor's 100% owned Beaverdell Silver Property located 4 km southeast of Beaverdell, British Columbia.
The program consisted of geochemical work that resulted in a total of 33 rock chip channel and 59 soil samples being collected from the Kokomo, Tiger, Duncan-Bounty, Hidden Treasure and Golden Fr mineral occurrences.
Rock chip channel samples were taken at right angles to the width of exposed mineralization (except grab samples where outcrop was not accessible).
Quartz-sulphide fissure vein mineralization within the Beaverdell property is characterized by high silver and zinc content. Mineralization is composed of galena, sphalerite and pyrite with lesser amounts of arsenopyrite, chalcopyrite, tetrahedrite, pyrargyrite, polybasite, acanthite, native silver, and pyrrhotite.
Historically, silver, lead and zinc bearing mineralization has been commercially extracted within the Beaverdell property from quartz-sulphide fissure veins that occur in tensional (extension) structural (fault/shear) zones. These roughly tabular shaped quartz-sulphide ore zones and occur in the quartz diorite and granodiorite of the Jurassic West Kettle batholith.
The Company is currently planning an exploration program that will consist of detailed geological mapping and diamond drilling to test the lateral and vertical extent of Au-Ag bearing quartz/wallrock of the Shear/fault related quartz-sulphide vein systems that occur on the Beaverdell property, specifically the Kokomo North and Duncan-Bounty vein systems.
Samples were shipped and assayed by Pioneer Labs, Richmond, BC for multi-element ICP geochemical analysis (certificate number 2102717), and silver, zinc assays (certificate number 2102717A).
Source: Molycor Gold Corp.