Zinc Intersects Reported At The Poly-metallic Fad Project


TORONTO - Paycore Minerals Inc. reported on exploration drilling results from the FAD Property located on the Battle Mountain-Eureka Gold Belt in Nevada. Drill Highlights from hole PC22-07 Include the Drilling in the FAD Main Zone of 12.5 meters of 22.0% zinc, 1.5% lead, 155.5 g/t silver and 1.06 g/t gold in hole PC22-07 from 660 – 672.5 meters depth; and 44.8 meters of 6.3% zinc, 3.7% lead, 231.6 g/t silver and 2.03 g/t gold from 705 to 749.8 m depth.

James Gowans, non-executive Chairman of the Board, and former President, said "Typically carbonate replacement deposits (CRD's) contain little to no gold mineralization and have high concentrations of base metals (IE: Zn and Pb).  The FAD project is very interesting given the presence of gold mineralization in the system which is believed to be associated with the Carlin deposit located directly next to FAD. The Company's drilling to-date has demonstrated the high-grade nature of base metals within the FAD Main Zone and proximal to the deposit as we see in the 200-meter step-out of hole PC22-07 announced. The Taylor Deposit, previously owned by Arizona Mining, which is also a carbonate replacement deposit, has similar high-grade zinc concentrations to that of FAD. Paycore will continue to drill the FAD Main Zone with a focus on the southern lobe which has become an interesting target further expanding the potential size of the FAD deposit.”