Molycor

 
Molycor Gold Corp (TSX.V:MOR) is finding interesting stuff in Nevada. Their Tami-Mosi property is just next to the town of Ely, Nevada in a scenic "high desert" area. Molycor went in to Tami-Mosi looking for gold but may have found economic levels of magnesium instead.

"Tami-Mosi" was named by the property's prospector, and is an abbreviation for two adjacent geographical features: Tamberlaine Canyon on the South and Mosier Canyon on the North. The Tami claims make up the Southern portion of the property while the Mosi claims make up the Northern part.

Power lines run right through the property so electricity should be no problem for mining. Another plus is the proximity of the town of Ely and local work crews.

I drove up to Ely from Las Vegas to meet Sean Derby, one of the project geologists, and to see the site. We watched the crew run a reverse circulation rig and log samples from hole #18 which they were just finishing. They stop when they reach "guilmette limestone", the first indicator of the "devilsgate formation", beyond which the geologists do not anticipate finding any interesting mineralization.

The drill crew is from Montana and when I was there they were drilling an impressive one hole per day. They draw water as needed from an on-site water tank, which is periodically refilled by truck. Backhoes are local and can be on site in ten minutes to flatten the drill platform and dig the sump catch for excess water used in drilling.

 

Tami-Mosi drill crew
 

rock chip samples
 

Tami-Mosi view
 

more photos, click to view

We spent about an hour in the field, visiting the drill crew, drill holes, and some old mining works on the property. Afterwards Sean gave me a preview of the 3d model he was working on using the Surpac modelling software.

So what's it all about? They've found manganese between the JoAnna (light grey limestone) and Pilot layers. And in an e-mail about a week ago Sean indicated that a press release should be coming out shortly. Sean says:

"As future plans go it looks like the development of a Magnesium bearing resource at the Tami Mosi is a real possibility. For the moment we are focusing on our collection of BC properties. Many of these holdings have strong precious metal values and well developed data sets which are crucial for developing a good exploration program."

Molycor has a total of six properties in Nevada along the Carlin and Battle Mountain Eureka trends, and another six properties in British Columbia.

I do not own shares in Molycor Gold Corp. and am not affiliated with the company. This article was written based upon observation, research, and Q&A with relevant parties, viewed from my perspective and filtered by my own limited understanding. Please do your own due diligence.

--Rebecca Bartlett, Montevideo, Uruguay
rebecca@silverloupe.com

This article is the last of a three-part series on Reaugh Group properties.
July 14, 2008: Rocher Deboule's Artillery Peak property
July 24, 2008: Goldrea's Goldrush and Goldchain properties