Roxmark begins milling molybdenum bulk sample
TORONTO, Oct. 17 /CNW/ - Roxmark Mines Limited (RMKL - CNQ) today
announced that it has begun milling molybdenum ore surface bulk-sampled from
its Nortoba-Tyson property at the Company's upgraded and fully permitted
Northern Empire mill near Beardmore, Ontario.
Approximately 750 tons of ore have been delivered to the mill so far. It
is anticipated that up to 3,000 tons of molybdenum ore will be trucked 26 km
from the property to the mill and processed over the next several weeks for
sale to Derek Raphael, an international buyer of molybdenum concentrate.
Following the successful completion of the surface bulk sample, Roxmark
plans to further delineate its molybdenum resources in 2007 through
underground development, drilling and bulk sampling following the driving of a
production decline. Subject to continued success, commercial mining could
begin late in the year.
Construction of a portal leading to underground development is planned
immediately following completion of the surface bulk sample.
Roxmark also announced that it has received enquiries for custom milling
at the Northern Empire mill facility by other developers in the area and
anticipates using the mill selectively for this purpose as an additional
source of cash flow.
About Roxmark Mines
Roxmark Mines is a Canadian-based junior resource company involved in
exploration and development of gold and molybdenum in the Geraldton-Beardmore
area of Northern Ontario. Assets include the Nortoba-Tyson molybdenum
property, an onsite mill equipped to process both gold and molybdenum, and six
formerly highly productive gold mines which generated nearly two million
ounces of gold from high grade ore. Existing infrastructure above and below
ground at these mines will provide important advantages in developing
additional gold-bearing structures. Further information is available at
roxmark.com
For further information: Monir Younan, President at: Roxmark Mines
Limited, 801-80 Richmond St. West, Toronto, Ontario, M5H 2A4, Tel.: (416)
860-1636, Fax: (416) 360-7355, E-mail: roxmark@on.aibn.com, Website:
www.roxmark.com |
