MetalCORP Discovers Second High Grade Molybdenum (Mo)-Rhenium (Re) Zone in a Porphyry Rock Unit at Depth; Playter Mo-Re Quartz Vein Also Intersected
MetalCORP Limited (TSX VENTURE: MTC) is pleased to announce the discovery of a new, second zone of Molybdenum (Mo) - Rhenium (Re) in a porphyry rock unit at depth. From drill hole 113, the new zone yielded a high grade section of 0.10% Mo, 0.9 g/t Re and 1.0 g/t Silver (Ag) over 11.9 metres (m). This was followed by a barren sheared rock unit (chlorite schist) over 3.5m and then the Playter quartz vein was intersected and assayed 0.09% Mo, 0.8 g/t Re and 2.1 g/t Ag over 10.6m. The entire intersection from 763.6m to 789.6m yielded a high grade of 0.08% Mo, 0.7 g/t Re and 1.3 g/t Ag over a significant width of 26.0m. This hole tested the Mo-Re zones at the deepest point to date of 650m vertical. The true width is approximately 75% of quoted core intersection.
- Published: 24 June 2008
- Written by Editor