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Gold/Mining/Energy : MOLYMANIA the race is on -- Ignore unavailable to you. Want to Upgrade?


To: Condor who wrote (54)1/22/2005 2:01:16 PM
From: Rocket Red  Read Replies (1) | Respond to of 336
 
High grade intercept on Crow-Rea property
1996-06-03 16:00 ET - News Release
Shares issued 6,260,826
Close 1996-05-31 $ 1.15

From News Release (C-VGC) Verdstone Gold Corporation

Mr Larry Reaugh reports

Hole No.96-12-52 returned 28 feet of 0.590% MoS2.

Drill Interval MoS2
hole (m) Metres (%)

96-12-50 23.0-26.0 3.0 0.048

96-12-51 Lost - -

96-12-52 41.0-49.5 8.5 0.590

96-12-53 55.0-55.6 1.0 0.048
74.4-75.6 1.2 0.073

Atlas Drilling have now mobilized to the property and drilling a larger diameter core is expected to commence by May 4 1996. The percussion drill is expected on the property by midweek.

Molybdenum is a difficult metal to recover especially in smaller diameter holes. The new drill is capable of 1,500 feet depths and will provide a 3.5 times larger sample, thereby increasing the potential of the recovery.

_____________________________________________________________

Crow-Rea assays
1996-06-24 15:31 ET - News Release
Shares issued 6,260,826
Close 1996-06-21 $ 1.95

From News Release (C-VGC) Verdstone Gold Corporation

Mr Larry Reaugh reports

Verdstone and Molycor have received assays on the high grade section of hole No. 96-56. Significant assays are as follows:

Interval MoS2
Hole No. (m) Metres (%)
----------- ------------ ------ -----
96-14-56* 33.0 - 37.57 4.57 3.390

96-15-57 61.0 - 68.00 7.00 0.338

96-15-57** 90.0 - 91.00 1.00 4.075

96-5-58 45.4 - 55.40 10.00 0.196

PD 96-60*** 15.2 - 24.40 9.20 0.206

* Previously reported sludge samples
from this hole were assayed .43% MoS2
over 20 ft

** One metre sample taken from the heart
of the newly discovered breccia pipe.

*** Percussion drill hole 1,000 ft due
east of Webbsite.

A deep vertical hole currently at 990 feet is being drilled south of site 15. Visibly moly has been observed over at least 40 feet from 930 feet. This is significant as the Crow-Rea now has a mineralized vertical depth of 1,000 feet.
______________________________________________________________
Crow-Rea results
1996-07-09 14:26 ET - News Release
Shares issued 6,260,826
Close 1996-07-08 $ 1.60

From News Release (C-VGC) Verdstone Gold Corporation

Mr Larry Reaugh reports

Assay results have been received from recent diamond drill holes as follows:

Interval Interval MoS2
Hole No. (m) (ft) (%)
------------ ----------- -------- -----

DDH 96-68 41.5-56.5 49.25 0.302

includes 41.5-47.5 19.50 0.448

includes 49.5-53.5 13.00 0.406

DDH 96-69 107.3-110.3 9.75 0.381

DDH 96-15-58
sludge * 42.7-61.3 60.00 0.139

*. The sludge assays correspond to diamond drill core results released on June 24 1996 for the interval 45.4-55.4 metres at 0.196% MoS2. The values in the sludge are thought to be significant losses from the broken drill core.

The consulting geologists believe there is a significant shallow open-pittable high grade sheeted orebody at the Webbsite zone and some of the future drilling will be aimed at blocking this section out. This particular shallow dipping ore body is independent of deeper rooted mineralization.

Recent tectonic surveys on the property have identified 13 anomalies. The survey identified the Webbsite zone as a possible collapsed breccia pipe as well as a large possible collapsed pipe one mile southwest of the current drilling. Recent prospecting on this site has found visible moly in
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OH ya even the Famous George Chelekis PUMPED it up

George Chelekis says in his July 11 Hot Stocks Flash that Larry Reaugh's Molycor Gold and Verdstone gold are both coming along nicely, meaning that their price has doubled since he was paid $9800 to write about them and their Crow-Rea project in his autumn 1995 Hot Stocks Review.