Purecore Metals Inc. press release

Vencan Plans Early Spring Geophysical Program Over Multiple, Previously Identified VMS Targets - 2000 Metre Drill Program to Follow

2006-03-06

CSE - Canadian National Stock Exchange · Canada

TORONTO, March 6 /CNW/ -

Spring 2006 Exploration Program

Vencan Gold is pleased to announce that it has targeted the recently optioned Falconbridge Limited's Genoa Property which includes the Jefferson VMS Deposit for an early spring exploration program. After careful review of Falconbridge Limited's historical exploration work including drill logs, core samples and reports, Vencan's Consulting Geologists, GeoVector Management in conjunction with their assessment of local geology and assay results of grab samples have outlined a Geco Type VMS Deposit. GeoVector believes there is significant potential for VMS Cu-Zn-Pb deposits on the Cayenne East portion of the property, which could be analogous to the Geco Cu-Zn VMS deposit in Manitouwadge (60 Mt (at) 1.9% Cu and 3.8% Zn).

The Jefferson Deposit

The Jefferson Deposit environment is interpreted to be 7 kilometres in strike length but has only seen intermittent drilling along its length with some areas being untested by drilling. The Jefferson Zn-Pb VMS Deposit occurs within a strongly sulphidized iron formation of the Woman River Iron Formation and strong sericite altered felsic fragmental rocks of the Strata Lake Formation. This deposit featured historical assay values of up to 7.05% Zn and 4.58% Pb. The historical resource estimate is not NI 43-101 compliant and therefore has not been included in this release. In addition, an historic drill hole (1958) intersected 11.98% Zn over 3.2 metres in strongly sulphidized iron formation of the Woman River Iron Formation twp (2) kilometres west of the Jefferson Deposit.

Spring 2006 Geophysics Survey

Kirk McKinnon, President & CEO reports that Vencan's exploration Manager Alan Sexton P. Geo has arranged for the geophysical surveys to commence following completion of the current logging activity on Vencan's Jefferson target area. This logging activity as previously outlined in our Press Releases has brought much needed road infrastructure to the area, which had presented a significant barrier and cost to past exploration efforts. The current logging activity over the targeted drill sites will facilitate access and exploration work such as required line grids, ground geophysics and geological surveys resulting in more cost effective exploration. The Fall 2005 work programs produced grab samples from the Jefferson trench with significant Cu-Zn-Pb values (see table below).

<<

Jefferson Trench Grab Samples

Sample ID Cu (%) Pb (%) Zn (%) Ag (g/t) 4972 0.41 2.55 5.05 15.1 4974 0.09 26.05 19.77 21.0 4976 0.92 31.16 17.51 37.7

2006 Spring Drill Program

The Company plans to conduct a 2000 metre drill program over the targeted area following the completion of the geophysical work and its interpretation by GeoVector.

SHEAR ZONE HOSTED LODE GOLD POTENTIAL

There is significant potential for shear zone hosted lode gold deposits on the Gagne and Cayenne Central/Chili portions of the property, which would be analogous to the gold deposit of the Timmins gold camp. In particular, the mafic volcanic rocks of the Trailbreaker Group have been correlated with the Tisdale Group rocks in the Timmins gold camp.

Gagne Target

The Gagne target consists of a 400 metre by 500 metre gold bearing feldspar porphyry intrusion that is hosted within the mafic volcanic rocks of the Trailbreaker Group. The gold occurs in quartz veins and pyrite mineralized portions of the feldspar porphyry intrusion along east-west and northwest- southeast trending shear zones. The best assays to date are from historic (2002) trenches and consist of 2.10 g/t Au over 6m and 4.99 g/t Au over 6m. Based on re-interpretation of the regional aeromagnetic data and geological mapping surveys several second and third order shear zones are interpreted within the mafic volcanic rocks along the untested northern contact of this intrusion. The Camflo deposit located in North-west Quebec is being used as an analogous model.

Cayenne Central/Chili

The Cayenne Central/Chili targets consist of shear zone hosted lode gold in mafic volcanic rocks of the Trailbreaker Group and in the banded iron formation of the Woman River Iron Formation. Vencan completed six (6) drill holes during September, 2005 on several IP anomalies. These drill holes encountered low level gold in extensive zones of sericite and carbonate alteration with disseminated pyrite mineralization and quartz-carbonate veining in mafic volcanics and quartz feldspar porphyry dykes within the Trailbreaker Group. In addition, property scale mapping during 2005 defined an east-west trending shear zone of quartz-ankerite-pyrite mineralization within mafic volcanic rocks, which assayed up to 5.4 g/t Au in a grab sample. Based on the 2005 work and a re-interpretation of the regional aeromagnetic data several un-tested second and third order shear zones have been interpreted within the mafic volcanic rocks on this area.

Banded Iron Formation Gold Targets

An additional four (4) drill holes were completed within the banded iron formation of the Woman River Iron Formation by Vencan during September, 2005. This work occurred in areas of known gold mineralization intersected in historic (1980-1983) trenches and drilling. The known gold mineralization consisted of strongly brecciated chert-magnetite iron formation with 5-10% pyrite and quartz veins. The gold bearing zones intersected in the historic trenches (16.87 g/t Au over 2 metres) were also intersected by Vencan at vertical depths of 25 metres (3.76 g/t Au over 0.68 metres) and 85 metres (0.88 g/t Au over 0.60 metres).

Financing

Richard Schler, Vice President & CFO stated that the company will raise approximately $575,000, which will provide the necessary financing for this drill program with some contingency to add extra holes. This exploration program is scheduled to commence this Spring. Alan Sexton, P. Geo is the qualified person responsible for the technical information presented in this release.

WARNING: The Company relies upon litigation protection for "forward- looking" statements.

>>