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FOR IMMEDIATE RELEASE
DIAMOND DRILLING
UPDATE - CROW-REA WEST EMPRESS MOLYBDENUM
November
7, 2007 - Vancouver, British Columbia
Molycor Gold Corp. (MOR-TSX.V;
Frankfurt-M1V; Pink Sheets-MLYFF) and Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pinks-GORAF) are
pleased to announce two holes have been completed to date at the Crowrea West Empress Molybdenum property located 15 km south of the past
producing copper/moly Brenda Mine.
The first diamond drill hole (07-EMP-01) has been
completed to a depth of 259.1
meters (850
ft) on the Empress porphyry
molybdenum (copper). The azimuth of the first hole was 110 degrees and dip -48
degrees. The second hole was completed to a depth of 182 meters (797 feet) vertically
located at the same drilling station. A series of diamond drill holes are
planned to test a 250 X 250
meter area for molybdenum and copper bearing
mineralization. A 450 x 550
meter area magnetometer survey (GEM GSM-19T) was carried
out in October, 2007. Total field magnetic values >55,600 nT (interpreted as a �mag low�)
show a correlation with areas of increased molybdenum and copper geochemical
values in soil (reference- Pioneer Labs, Richmond, BC report No 2068765).
Approximately 10 drill holes are planned for 2007 (bearing 110 and 290 degrees
in a fence pattern at 50
meter spacing), and are located with respect to
anomalous soil geochemical data (2006) and magnetometer geophysical data
(2007).
The Companies are also pleased to announce the
geochemical survey is advancing well on the second large magnetic low and is
near completion. The first targeted low was ended due to the early arrival of
snow, but a total of three orientation lines were completed starting from the 600 meter geochemical
anomaly located at the base of the 1100 meter mineralized northwest trending dyke
through the center of the first large magnetic low. Rich River Explorations
will be continuing onto the third large magnetic low, located northeast within
the Crowrea property.
Assays are being carried out by Pioneer
Laboratories located in Richmond,
BC.
This news release was reviewed by Dick Addison, P.
Eng., a qualified person recognized under NI 43-101.
On Behalf of Management
Edward Lee
President and Director
For all Molycor Gold Corp. investor relations needs, investors are
asked to visit the Molycor Gold Corp. IR Hub at http://www.agoracom.com/ir/molycor where
they can post questions and receive answers within the same day, or simply
review questions and answers posted by other investors. Alternatively,
investors are able to e-mail all questions and correspondence to mor@agoracom.com where they can
also request addition to the investor e-mail list to receive all future press
releases and updates in real time.
View SmartStox Interviews with Larry W. Reaugh on Molycor & Goldrea�s websites.
Information Contact
Edward Lee
President & Director
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B
1E6
Telephone: 604-531-9639 Facsimile:
604-531-9634
Email: info@molycor.com or info@goldrea.com
www.molycor.com���������������������������������� www.goldrea.com
The TSX-Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of
this release.
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