Announcement Date: 2022-09-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Paycore Minerals Inc.
Project name: FAD
Location: United States
Commodities: Gold,Silver,Lead,Zinc
Highlight: Drilling results incl. 44.8m @ 2.03g/t Au, 231.6g/t Ag, 3.7% Pb, 6.3% Zn from 705m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: September 07, 2022 – Toronto, Ontario – Paycore Minerals Inc. (TSX-V:CORE) (“Paycore” or the “Company”) is pleased to announce exploration drilling results from the Company’s 100%-owned FAD Property located on the Battle Mountain-Eureka Gold Belt in Nevada, USA. FAD is a carbonate replacement deposit (“CRD”) which essentially means that the deposit is comprised of base metals such as zinc, lead, and silver (plus or minus other metals such as copper). CRD’s typically contain little to no gold mineralization in the system. The CRD system at FAD is very unique given that it is located directly next to a big Carlin-system, resulting in what is believed to be a second mineralized event, accounting for the presence of gold in the deposit. Drill hole PC22-07 includes thinner intercepts of much higher-grade gold, including 4.6 meters of 6.36 g/t Au and 3 meters of 8.33 g/t Au within the primary 44.8 metre intercept of 2.03 g/t Au. Paycore owns a 100% interest in the high-grade, polymetallic FAD project located in one of the most prolific gold belts in the world, the Eureka gold district of Nevada. The Company is aggressively drilling the high-grade, polymetallic FAD Main Zone which was previously owned by Barrick Gold.
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