Molycor Hires Rich River To Survey Windpass, Beaverdell
Added November 2nd, 2005 – Vancouver, British Columbia
Mr. Edward Lee reports
MOLYCOR GOLD CORP REPORTS VLF SURVEY PROGRAM COMMENCES ON THE HIGH GRADE WINDPASS GOLD AND BEAVERDELL SILVER PROPERTIES
Molycor Gold Corp. has contracted Rich River Exploration Ltd. of Grindrod, B.C., to initiate a very low-frequency (VLF) survey on the Windpass gold zones and the Beaverdell silver property. The purpose of this survey is to further identify and define surface location of the vein structures in order to plan trenching and drilling programs on both of these properties.
The Windpass property is 100 per cent owned and is located between Dunn Lake and Baldy Mountain, approximately eight kilometres east of Little Fort, B.C. The gold-bearing mineralization occurs in fissures as crack-seal quartz veins (that is, large, coarsely crystalline veins, ribboned and fractured), and is also associated with vein and/or disseminated magnetite. The mineralization consists of pyrite-chalcopyrite-bismuthinite-magnetite tellurides and native gold hosted in the Devonian-Permian fennel formation and related dioritic intrusive rocks. The Windpass mine produced 34,456 ounces of gold from 102,996 tons milled over a six-year period from 1933 to 1939 (John Jenks, PEng, geological report, 1996).
Eighteen zones since have been identified and are entailed in an area measuring 1,200 metres north/south by 500 metres east/west (Windpass evaluation report, Norm Tribe, PEng, 2003). The zones of particular interest from previous trench samples are the Weather station zone, which assayed 44.47 grams per tonne over 0.1 metre, the North zone which assayed 36.94 grams per tonne over four metres, the Sleet zone, which assayed 11.33 grams per ton over 0.59 metre and the Compressor zone which assayed 9.08 grams per tonne over three metres.
The Beaverdell silver property consists of 27 reverted Crown grants that are 100 per cent owned and is located one to four kilometres southeast of
Beaverdell, B.C. Eight of the Crown grants have had intermittent past production, the largest being the Wellington lot No. 2621, which was active most years from 1920 to 1954. Production from the Wellington was 8,003 tons producing 1,507,393 ounces silver, 1,456,185 pounds of zinc, 960,482 pounds of lead and 367 ounces of gold. The claims also adjoin Teck Cominco’s Highland Bell mine, which produced (from 1913 to 1991) a total of 34,594,385 ounces of silver as well as significant copper, gold and cadmium (Minfile production report). The Beaverdell property is a vein-type structure, characterized by a high silver content. The mineralization is composed of galena, sphalerite and pyrite with lesser amounts of arsenopyrite, tetrahedrite, pyrargyrite, chalcopyrite, polybasite, acanthite, native silver and pyrrhotite.
The program is being managed by Dick Addison, PEng, a qualified person under National Instrument 43-101.
We seek Safe Harbor.
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