Molycor Adds Magnesium Product Specialist to Advisory Committee
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/17/12 -- Edward Lee, President of Molycor Gold Corp. (TSX VENTURE: MOR)(PINKSHEETS: MLYFF)(FRANKFURT: M1V) ('Molycor' or the 'Company') is pleased to report the engagement of Rob Bailey to the Technical Advisory Committee.
A Metallurgical Engineer with over 25 years of practical international experience in the production and application of light metal products, Mr. Bailey has a proven record of success. In addition to his knowledge of process engineering, quality control, management of magnesium operations and technical marketing, he has held executive positions both domestically and internationally.
As President of B. S. Metallurgy, Inc., Mr. Bailey currently provides operation assistance, problem resolution and technical development advice to companies within the light metal processing industry. He is also is a broker and technical sales representative for aluminum metal castings and magnesium materials.
Among his accomplishments, he has numerous publications in the light metals arena. An active member in numerous technical societies, Mr. Bailey currently holds the position of Chairman of the Magnesium Division in the American Foundry Society and is part of the project team assisting the Michigan Technical University in a DOE sponsored project in the development of new magnesium metal casting techniques that will provide a foundation for expansion of magnesium in potential new applications.
James Sever is quoted to say: 'The addition of Rob completes our team and greatly enhances our potential for success. With his expertise we now have a fully integrated team that can effectively take the project to a successful conclusion.'
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.com
www.molycor.com
