Molycor (M1V, CA6089111034) TOP NEWS!
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Molycor Gold Corp. and Goldrea Resources Corp.: Companies Acquire Molybdenum Property Crowrea
Tuesday April 17, 6:30 am ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) -
Molycor Gold Corp. (TSX VENTURE:MOR - News; PINK SHEETS:MLYFF - News; FRANKFURT:M1V - News) and Goldrea Resources Corp. (TSX VENTURE:GOR - News; PINK SHEETS:GORAF - News; FRANKFURT:G0J - News) are pleased to announce the acquisition of the HP molybdenum claims. The HP claims are a 50/50 joint venture between the two companies located 15 kilometers south of past copper/moly producer Brenda Mines, near Summerland, British Columbia. The property consists of 82 claim units totaling 1629.8 hectares (4027.5 acres) and adjoins the northwest border of the Crowrea Molybdenum property.
Cominco Inc. originally acquired the claims in 1979 and performed soil and geochemical surveys analyzing for copper, molybdenum, zinc, lead identifying several molybdenum soils anomalies. Cominco drilled in 1980 with two percussion holes to a depth of 195 meters (639.6 ft) encountering a maximum grade of up to 0.091% Mo near the bottom of hole # PDH-HP-80-1, followed by six percussion holes totaling 588.3 meters (1929.6 ft) which returned low values in 1981 (BC Assessment report dated Oct. 1997).
Molycor and Verdstone acquired the HP claims in 1995 and in 1997 carried out geochemical and geophysical surveys adding more molybdenum soils anomalies to the ones previously identified by Cominco Inc. The property was subsequently dropped by the Companies due to the low price of moly.
Management believes the reacquisition of the HP claims increases the total number of potential molybdenum occurrences ("Webb Site", "Noranda Showing", "Swamp Anomaly" and "Empress"), within the Crowrea Molybdenum Camp, which now total 284 units totaling 5833 hectares (14,414 acres).
Company Geologists are currently designing a trench and drill program on the HP claims to start summer 2007.
This release was reviewed by Dick Addison, P. Eng., a qualified person recognized under NI 43-101.
On Behalf of Management
Edward Lee, President and Director
45 Mio Shares
sehr gute Liegenschaften,gutes PR, Management soll auch sehr tüchtig sein.
Heute in Canada bei 0,30 CAD$
Wahrscheinlich heute noch guter Umsatz wegen der News..#
Schaun wir mal....
Support/Resistance
5 Day Support $0.290 5 Day Resistance $0.310
15 Day Support $0.220 15 Day Resistance $0.320
80 Day Support $0.140 80 Day Resistance $0.320
ich denke ist der weg frei auf eine 0,60
ein verdoppler ist möglich,
hoffe ich