| Announcement Date: | 2022-12-06 |
|---|---|
| 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. 27.4m at 10.00% Zn, 1.00% Pb, 79.00g/t Ag, 8.00g/t Au, from 707.8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | December 6, 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. Drill Highlights: • FAD Main Zone drilling in hole PC22-10 include: o 27.4 meters of 10% zinc, 1% lead, 79 g/t silver and 8.0 g/t gold from 707.8 – 735.2 meter depth. o Including 13 meters of 16% zinc, 1% lead, 110 g/t silver and 11.1 g/t gold, from 713.2 to 726.2 meter depth. o AND 7.4 meters of 4.6% zinc, 6.1% lead, 318 g/t silver and 1.8 g/t gold, from 745.6 to 753 meter depth in hole PC22-10. “Hole-10 is a 200 meter step-out and drilled down-dip from the historic resource which contains 3,540,000 tonnes grading 8.0 % zinc, 3.80% lead, 196.46 g/t silver, and 5.14 g/t gold. Drilling to-date in the Southeast Lobe has demonstrated the lateral mineralization outside of the historic resource that was defined by Hecla Mining Company in their 1966 and 1974 feasibility studies” stated Christina McCarthy, President, and CEO. “Additionally, we are in the process of planning exploration drilling within the new discovery corridor related to the untested Jackson Fault which is associated with i-80 Gold’s recent Hilltop CRD discovery (Figure 2 below). Paycore has approximately 3 kilometers of the fault to test.” Ms. McCarthy added. James Gowans, Chairman of the Board, states “The FAD deposit is proving to be among one of the highestgrade carbonate replacement deposits (CRD’s) on the globe. Most CRD’s consist of silver-lead-zinc mineralization however, we believe there is a secondary mineralized event which is associated with the gold mineralization introduced into the CRD system at FAD. These additional gold values could potentially be an additional credit in a recovery processing scenario which could add significant economic value to the deposit.” Mr. Gowans is the former President of Arizona Mining which owned the Taylor Deposit, also a carbonate replacement deposit. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 40,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Announcement Alerts and Notifications
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data