Roxmark announces further drilling results at Northern Empire Gold
Mine Property -
Friday July 13, 2:45 pm ET
TORONTO, July 13 /CNW/ -
Roxmark Mines Limited -
(TSXV - RMK) (CNQ - RMKL) today announced assay results for
an additional three drill holes of its 26-hole surface
diamond drilling program on the Northern Empire Mine property.
The program was completed on July 11, 2007 for a total
of 2,803 metres.
The remaining holes will be announced as assays are completed.
All three holes intersected the targeted Power and Contact zones,
with mineralization persisting over a strike -
length of 212.5 metres.
In addition to the two zones, holes have intersected
another zone below the Contact zone, which has been
named the Footwall zone.
This is different from the other zones that were intersected
earlier and appears to be a quartz stringer zone.
Several assays are pending.
Results will be announced in due course.
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Hole From To Width Gold Zone
Section Number (m) (m) (m) g/tonne Intersected
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7 + 87.5 E 07-08 92.00 93.43 1.43 20.57 Power
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105.90 108.00 2.10 8.23 Contact
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8 + 12.5 E 07-11 89.47 92.00 2.53 16.80 Power &
Contact
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8 + 37.5 E 07-15 64.88 65.25 0.37 5.01 Power
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78.23 79.93 1.70 25.20 Contact
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"These latest results continue to demonstrate that
mineralization exceeds that of zones previously mined
at the Northern Empire," said Monir Younan, Roxmark President.
"In addition, they confirm our expectation that ore grades
improve in the Power and Contact zones as we continue
to move west in the drilling program."
Results presented in this news release have been reviewed
by the Qualified Person, Peter Bevan, P.Eng.
The drilling program employs a Quality Assurance/Quality Control
program consistent with NI 43-101 and best industry practice.
The NQ-sized core is logged, sampled and split.
The samples are recorded, bagged and sent out to
SGS Lakefield Research Limited and Swastika Laboratories Ltd.
Samples are analyzed for gold by FA methods.
To date, some minor check sampling has been carried out and
more is being planned together with some blanks and
two standards of gold ores.
The Northern Empire Gold Mine property is located in Beardmore, Ontario. Historically, the Northern Empire Mine produced 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton. The mine was serviced by a shaft to 2,460 feet with development above and below a major flat diabase sill. Existing infrastructure on the property, including an upgraded and fully permitted 200 tpd mill (expandable to 500 tpd), as well as the mine's non-remote location will reduce the cost of future development. The mill processes efficiently both gold and molybdenum ores.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, eliminated by Roxmark's consolidation of key properties.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information
Monir Younan, President, 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:
roxmark.com
Source: Roxmark Mines Limited
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