Molycor Adds Power Consultant to Advisory Committee
11 Januar 2012 - 12:00PM
Marketwired
Edward Lee, President of Molycor Gold Corp. (TSX
VENTURE:MOR)(PINKSHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the
"Company"), is pleased to report the addition of David Wakefield to
the Technical Advisory Committee.
Mr. Wakefield has over thirty eight years in the electric power
and process industries. His expertise encompasses independent power
generation and electric utility equipment. This is combined with
experience in systems supply, maintenance, operations, consulting
and project development. He has extensive experience in all aspects
of the energy and pollution control industries.
Presently, Mr. Wakefield is President of WAI International, Inc.
assisting clients in market development, project development and
financing within the energy and pollution control industries. His
current projects include industrial and small-medium scale
Integrated Gasification Combined Cycle facilities (IGCC);
innovative systems for coal-fired plants to improve efficiency and
reduce emissions; industrial site redevelopment and application of
bio-based lubricants.
Previously, Mr. Wakefield served as President and Chief
Executive Officer of Econo - Power International Corporation which
he founded in 1990. This company identified and significantly
upgraded coal gasification systems and separate sulfur removal
systems to offer clean, economic and environmentally friendly
syngas for power and industrial fuel. He co-holds patents and
patents-pending for the combined system and various other patents
on the use and application of air-blown gasification. He assembled
a world-class management team to develop, finance, construct and
manage gasification projects and established relationships with
major international contractors, equipment suppliers and financing
sources.
Included in Mr. Wakefield's clients are major electric
utilities, refining and industrial companies for whom he has
negotiated and managed multiple turnkey contracts. Mr. Wakefield
has developed a reputation for integrity, innovation, technical
excellence, and problem solving.
Edward Lee states, "We are honoured to have someone of this
calibre in a position to assist us with the development of the
power island that is to be a part of our magnesium facility."
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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