MICREX DEVELOPMENT CORP.:ASE Message Board

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Gold/Mining/Energy : MICREX DEVELOPMENT CORP.:ASE

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To: Rob Ady who started this subject	10/3/2000 2:17:16 PM
From: Leigh McBain	of 174

Micrex Development Corp. - Announcement Edmonton, Alberta -- MICREX DEVELOPMENT CORP. A mineral exploration and development company operating in Canada and the United States Section 12(g)(3) Exemption 82-4281 Micrex announces today that Apex Geoscience has completed the three-dimensional modeling of a portion of the Burmis Magnetite Deposit, in the Crowsnest Pass area. Apex was contracted to compile and merge the historical drilling data base with modern Digital Elevation Data and then create a three dimensional model of the ore body. The historical data base was made up of over 80 drill holes, location maps and assay reports. This was a complex undertaking and has taken longer than expected. The first model is based on a series of drill holes in the north part of the deposit. Further models will be extended from this area. Based on the model so far Apex has been able to outline definite ore blocks and determine where significant increases in ore may be found. The 3-D model is important as Micrex moves towards mining the deposit. Ore volume, extent, access and orientation can be determined from the model and can help guide mining and further exploration. This current model covers only a small portion of the over six mile strike length of the Burmis Deposit. Preliminary data shows a significant resource and now that ore configuration is easier to determine Apex has suggested that a relatively small amount of follow-up work could greatly increase the reserve. A geophysical examination of the area is also being considered to further delineate the extent of the deposit. Micrex is particularly interested in proving up as large an ore body as possible to take advantage of the potential for a significant Direct Reduced Iron market that could be supplied with Burmis Magnetite. This would greatly increase the profit potential of the project. Further information may be obtained from Perry Meszaros or S.E. Marshall at (403) 448-0922 MICREX DEVELOPMENT CORP. Peace River Diamond Property - Burmis Magnetite Property - Fort Steele Placer Property - Bighorn Gold Mine - Banks Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property

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