High Grade Assays On Crow-Rea
Added June 24th, 1996 – Vancouver, British Columbia
Larry W. Reaugh, President and Chief Executive Officer of Verdstone Gold Corporation and Molycor Gold Corporation (“the Companies”), is pleased to announce that the Companies have received assays on the high grade section of Hole #96-56. Significant assays are as follows:
|HOLE NO.||INTERVAL METRES||METRES||TOTAL FEET||MoS2|
|96-14-56*||33.0 – 37.57||4.57||15′-0″||3.390%|
|96-15-57||61.0 – 68.0||7.00||23′-0″||.338%|
|96-15-57**||90.0 – 91.0||1.00||3′-4″||4.075%|
|96-5-58||45.4 – 55.4||10.00||33′-6″||.196%|
|PD 96-60***||15.2 – 24.4||9.20||30′-0″||.206%|
* Previously reported sludge samples from this hole were assayed .43% MoS2 over 20 feet
** One metre sample taken from the heart of the newly discovered Breccia Pipe.
*** Percussion Drill Hole located 1,000 feet due East of Webbsite.
A deep vertical hole currently at 990 feet is being drilled south of site 15. Visible moly has been observed over at least 40 feet from 930 feet. This is significant as the Crow-Rea now has a mineralized vertical depth of approximately 1,000 feet.
Further results will be reported when received.
ON BEHALF OF THE BOARDS
Larry W. Reaugh
President & Chief Executive Officer