Molycor Gold Corp. (MOR.TSXV), (MLYFF), (M1V.F) announced the addition of David Wakenfield to its Technical Advisory Committee yesterday, bringing with him substantial expertise in the energy and pollution control industries.
Wakenfield Brings Considerable Experience
Wakenfield has over three decades of experience in the electric power and process industry, bringing to the table the expertise necessary to aid in developing the power island that will be a part of Molycor's Tami-Mosi Magnesium Project in Nevada. Wakenfield is the President of WAI International, Inc., a company that aids clients in market development, project development and financing related to the energy and pollution control industries. Wakenfield previously worked as President and Chief Executive Officer of Econo – Power International Corporation, a company that he founded in 1990. While there, Econo-Power International was responsible for identifying and upgrading coal gasification systems and separate sulfur removal systems for cleaner, safer, and more environmentally conscious syngas for power and industrial fuel.
Wakenfield's current clients include major electric utilities as well as refining and industrial companies for which Wakenfield successfully negotiated and managed multiple turnkey projects. Wakenfield's current projects through WAI International include industrial Integrated Gasification Combined Cycle (IGCC) facilities; new and inventive systems for coal-fired plants to reduce emissions and grow more efficient; redevelopment of industrial sites; and bio-based lubricant applications.
Edward Lee, President of Molycor Gold Corp. 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."
Molycor Future Looks Bright
The addition of Wakenfield represents another step by Molycor in developing the Tami-Mosi Magnesium Project. Tami-Mosi is a Nevada property with the ability to exploit inferred magnesium resources for 30 years, producing some 30,000 tonnes per year. The potential value of the location is boosted by the fact that it's within the borders of the United States, which applies protective tariffs on imported magnesium metal. A NI 43-101 resource estimate analysis of Tami-Mosi has revealed 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.
Molycor is a Canadian diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America. The company is based out of Vancouver, BC.