Molycor Creates Technical Advisory Committee
28 November 2011 - 10:00PM
Marketwired
Edward Lee, President of Molycor Gold Corp. (TSX VENTURE:MOR)(PINK
SHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the "Company"), is
pleased to report a major development within the Company's
corporate structure. As part of Molycor's corporate vision, the
Company has assembled a Technical Advisory Board consisting of some
of the top and most respected individuals in the Magnesium,
Ferrosilicon, Mining and Production communities to advise and
assist the Company. Each member has been selected for their
individual expertise and for their variety of industry experiences
and strengths. The Company will utilize the expertise of the
Advisory Committee and consult them in matters of Magnesium,
Ferrosilicon, Mining, Production and business development.
The initial Advisory Committee will consist of:
Dr. Neale Neelameggham is partner/owner of Ind LLC consulting on
metal production and energy technology. He was one of the original
engineers when the US Magnesium plant started up in 1972. Being
newly retired with over forty years of experience in the magnesium
industry, Dr. Neelameggham is recognized as a premier researcher
and inventor/co-inventor in the magnesium field and holds 13
registered patents with over 14 papers and publications to his
credit. He has several professional affiliations and is a permanent
member of the Magnesium Committee of the Light Metals Division of
the Metallurgical Society.
Ralph Carter, BSc. Engineering, resides in Arizona with over 40
years of experience in the development and operations of
Ferrosilicon plants. He was project manager and engineer for Alcoa
at the Addy magnesium plant from 1989 - 2000 and responsible for
evaluating, operating parameters, environmental controls and
economic profitability. His previous employer for 20 years was
Hanna Mining Company in Riddle, Oregon where he was the operations
manager of the Ferrosilicon plant responsible for all activities at
the mine and smelter where high quality product was produced.
Gavin Treanor is an Aerospace Engineer and was a principal in a
Chinese merchant banking firm for over ten years focused on global
sourcing of current and strategic metals for Chinese clients. He
has been the lead on international financial structures and
assisted companies in securing capital, developing assets and
various merger and acquisition structures.
The Technical Advisory Committee members will be offered a stock
option package and will be compensated for the time utilized by the
Company. Option packages are subject to regulatory approval and
will be issued in accordance to the Company's stock option
plan.
About Tami-Mosi Magnesium Project
The Tami-Mosi magnesium project poses the ability to exploit its
inferred magnesium resource for 30 years producing 30,000 tonnes
per year within the United States, where protective tariffs are in
place on imported magnesium metal. The economics are based on a NI
43-101 resource estimate analysis on the project, completed by
Wardrop Engineering (a Tetra Tech Company), which shows an inferred
resource of 412 million tonnes with an average grade of 12.3% for a
contained metal content of 111 billion pounds of magnesium using a
12% cut-off grade.
About Molycor Gold Corp.:
Molycor is a diversified precious, speciality and base metal
exploration and development company focusing on magnesium,
molybdenum and gold exploration and development in North
America.
On Behalf of Management
Edward Lee, President
For all Molycor Gold Corp. investor relations needs, investors
are asked to visit the Molycor Gold Corp. website at
www.molycor.com.
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX-Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Molycor Gold Corp. Edward Lee President 604-531-9639
604-531-9634 (FAX)info@molycor.comwww.molycor.com
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