Goldrea Resources and Molycor Gold announced the completion of a resource estimate for its Empress molybdenum deposits near Summerland, British Columbia, Canada. Indicated resources are calculated to be 1,703,000 tonnes at a grade of 0.0948% Mo. Inferred resources are estimated at 3,657,000 tonnes at 0.0947% Mo, both at a 0.05% Mo cut-off based on a metal price of US$10/lb.
Announced the completion of a resource estimate for its Empress deposits. Indicated resources are calculated to be 1,703,000 tonnes at a grade of 0.0948% Mo. Inferred resources are estimated at 3,657,000 tonnes at 0.0947% Mo, both at a 0.05% Mo cut-off based on a metal price of US$10/lb.
October 14, 2008
Announced the discovery of a significant molybdenum deposit on its Empress molybdenum propert. Hole Emp19 returned 15 m of 0.180% Mo from 115 m.
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