Molycor Gold has completed the drilling program, which was announced earlier in June, 2011, at its Beaverdell silver project. This project is situated 4 km southeast of Beaverdell in British Columbia.
This drilling program included 2,457.6 m of diamond drilling, totaling 16 holes from 9 drill pads. This drilling ranged from 47.85 - 270.5 m in depth and 4 out of 16 holes has targeted the expansion of deep mineralization containing gold, copper, silver, zinc, lead, which is existing on the Duncan-Bounty quartz layers. The target of the remaining 12 holes was on the Kokomo-Tiger zones. The company has split and sent 1,771 samples in total, with an interval of 0.3- 2.5 m, to Pioneer Labs of Richmond, BC for 30 elements ICP and gold geochemical tests and continues evaluation for over detection limit geochemical test samples. Andris Kikauka is overseeing the sampling and quality control procedure.
Historically, the Beaverdell property has been mined and intercepted mineralized material averaging 183 opt silver, 8.67% zinc and 6.06% lead. The diamond drill core results are still pending.
Wardrop Engineering has provided the plan of the NI 43-101 Preliminary Economic Assessment (PEA) Report to the company for the Tami–Mosi magnesium property. The location of the property is near Ely in Nevada. When the review is complete, Molycor will release the report.
Source: http://www.molycor.com/