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Gold/Mining/Energy : MOLYMANIA the race is on

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To: Proud Deplorable who wrote (170)1/24/2005 6:47:59 PM
From: Rocket Red  Read Replies (1) of 336
 
Adanac Moly Corp (C-AUA) - News Release
Adanac gets same Mo results second time around
2005-01-24 18:29 ET - News Release
Shares issued 23,930,642
AUA Close 2005-01-24 C$ 1.00

Mr. Larry Reaugh reports

CHECK ASSAYS AND DIRECTOR APPOINTMENT (MOLY @ $34.50(US)/lb)

Adanac Moly Corp. consultant ALS Chemex has submitted results of assay laboratory duplicates of samples previously assayed by Acme Analytical Laboratories Ltd. The 170 samples by Acme averaged 0.060 per cent Mo and by ALS Chemex averaged 0.060 per cent Mo. The highest assay was 0.305 per cent Mo and the lowest assay was less than 0.001 per cent Mo. Acme Analytical Laboratories Ltd. has submitted results of renumbered and resubmitted samples previously assayed by Acme. The 147 samples averaged 0.047 per cent Mo on the original analysis and 0.049 per cent Mo on the reanalysis. The highest assay was 0.525 per cent Mo and the lowest assay was less than 0.001 per cent Mo.

Acme Laboratories and Chemex Labs are located in Vancouver, B.C., and operate using industry standard methods, quality assurance and control procedures. This press release was reviewed by David W. Philip, PEng, a qualified person under Policy NI 43-101.

The company is pleased that the results to date have confirmed the assaying procedures in the NI43-101 resource calculation.

Edward Lee has been appointed as director of the company. Mr. Lee is a businessman whom has been involved in the resource industry for the past 10 years in areas of finance and corporate awareness. Currently Mr. Lee is a director of Goldrea Resources Corp. and Molycor Gold Corp. Mr. Lee is a welcome addition to the board of directors.

We seek Safe Harbor.
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