Molycor Gold Corp.: New Claim Blocks in Nevada-20' Sample Averages 10.6 Ounces Silver
Friday July 14, 4:04 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 14, 2006 -- Molycor Gold Corp. (TSX VENTURE:MOR.V - News)(Other OTC:MLYFF.PK - News)(FWB: M1Y) is pleased to announce it has acquired, through staking, new claims in White Pine County, Nevada. A total of 32 samples were taken by the prospectors. The samples listed in this news release were taken from various locations on the property and includes sample numbers TN008 and TN009. Both are 20 ft semi-continuous chip or grab samples, approximately 140 feet apart. Assays were conducted by ALS Chemex in Reno, Nevada, using industry standard methods, quality assurance and control procedures.
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Sample Au gram/ Ag gram/ Ag oz/
Locations Cu% Pb% Zn% tonne tonne ton
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TN007 .01 .089 .26 0.66 116 3.4
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TN008 - 20' chip .01 .06 .05 1.76 133 3.9
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TN009 - 20' grab .06 .24 .24 0.88 364 10.6
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TN010 .01 .09 .30 0.47 119 3.5
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TN012 .94 .34 .62 0.39 1145 33.4
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TN021 .81 5.69 1.97 0.89 353 10.3
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TN022 .05 .44 .74 0.72 40 1.2
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TN040 .03 .39 .17 0.56 370 10.8
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TN041 6.14 13.75 12.80 0.10 764 22.3
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TN042 .92 1.73 .93 0.10 131 3.8
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TN043 .03 .29 .28 0.27 34 1.0
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TN049 .02 .51 1.91 0.08 67 1.9
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TN050 .01 .05 .07 0.53 85 2.5
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TN051 .11 .58 .18 0.70 150 4.4
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TN052 .01 .35 .14 0.60 210 6.1
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TN053 .01 .33 .05 0.09 34 1.0
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TN054 .49 1.76 .33 0.39 48 1.4
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TN056 .02 .73 .15 0.44 38 1.1
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The geological setting is similar to the Alligator Ridge, geological environment, with bedding and fault controlled jasperoids on limestone/shale contacts, typical of other deposits and mines on the Battle Mountain Trend.
This press release has been reviewed by Dick Addison, P.Eng., a Qualified Person pursuant to National Instrument 43-101.