MORE NEWS-HUGE 43-101Molycor's Tami-Mosi at 236 million tonnes inferred Mg
2009-07-07 17:06 ET - News Release
Mr. Larry W. Reaugh reports
NI 43-101 - 236 MILLION TONNE MAGNESIUM RESOURCE
Molycor Gold Corp. has provided results of the NI 43-101-updated resource estimate on its 100-per-cent-owned Tami-Mosi magnesium project in Nevada.
The report, adhering to the NI 43-101 standards, quotes 236,183,772 tonnes of an inferred resource at a grade of 10 per cent Mg.
The NI 43-101 resource study estimate at 8 per cent Mg cut-off is summarized in the table.
RESOURCE CALCULATIONS FOR THE TAMI-MOSI Section Square metres Metres Cubic metres Tonnes Mg % Mg pounds43500N 72,450 100 7,245,000 205,75,800 12.12 5,486,331,312 43200N 78,378 100 7,837,800 22,259,352 10.62 5,200,675,001 43100N 58,873 100 5,887,300 16,719,932 10.16 3,737,239,201 4300N 62,513 100 6,251,300 177,53,692 12.22 4,772,902,557 42700N 46,354 100 4,635,400 13,164,536 10.09 2,922,263,701 42600N 64,290 100 6,429,000 18,258,360 9.19 3,691,475,225 42500N 99,316 100 9,931,600 28,205,744 10.5 6,515,526,864 42000N 29,483 100 2,948,300 8,373,172 10.16 1,871,571,405 4200N 65,001 100 6,500,100 18,460,284 11.02 4,475,511,253 41800N 26,558 100 2,655,800 7,542,472 9.74 1,616,200,900 41800N 16,897 100 1,689,700 4,798,748 11.38 1,201,414,549 41300N 26,491 100 2,649,100 7,523,444 9.45 1,564,124,008 4100N 37,326 100 3,732,600 10,600,584 9.33 2,175,875,872 40900N 17,436 100 1,743,600 4,951,824 10.21 1,112,278,707 40900N 19,400 100 1,940,000 5,509,600 9.1 1,103,021,920 40800N 35,264 100 6,526,400 10,014,976 9.95 2,192,278,246 Total(undiluted) 214,712,520 10.51 49,638,690,722 With 10 per cent dilution at the listed grade 21,471,252 4.89 2,309,877,290 Diluted tonnage and grade 236,183,772 10.00 51,748,568,012
The remainder