Paycore Minerals Hits 25 Metres Of 11.53 g/t Gold Equivalent

Paycore Minerals (TSXV: CORE) this morning released the latest drilling data from its completed phase one drill program at the FAD Property in Nevada. Results from a single hole were released this morning.

Highlights from the result include:

• GH21-04: 11.53 g/t gold equivalent over 25.0 metres, consisting of 1.96 g/t gold, 92.61 g/t silver, 1.26% lead, 7.45% zinc, at a depth of 683.4 metres
• GH21-04: 13.41 g/t gold equivalent over 1.8 metres, consisting of 3.2 g/t gold, 204 g/t silver, 6.86% lead, and 7.62% zinc, at a depth of 720.24 metres

The result is the sixth assay result to be released from the firms phase one, eight hole program. Two assays remain pending. A phase two program is now underway as well, which is expected to consist of an additional 3,800 metres of drilling.

“The assay results from hole GH21-04 further confirm high-grade mineralization on the FAD Main Zone, which is proximal to the existing FAD Shaft.  We will continue to drill the mineralized footprint while further testing the step-out potential as we have successfully done with the drill results announced to-date,” commented CEO Christina McCarthy.

The deposit itself is said to have a footprint of roughly 1.5 kilometres by 1.5 kilometres, while remaining open in multiple directions. Multiple extensions of the deposit are said to be largely untested, while near-surface oxide mineralization is also present that was previously overlooked by prior operations.

Paycore Minerals last traded at $1.22 on the TSX Venture.

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