Ok, the plot thickens.....
Roxmark begins exploration work on western extension of Northern Empire Gold Mine Property
Tuesday July 24, 11:48 am ET
biz.yahoo.com
TORONTO, July 24 /CNW/ - Roxmark Mines Limited (TSXV - RMK) (CNQ - RMKL) today announced that its geological team has started exploration work, including mapping, trenching and channel sampling of the various prospective zones, on newly acquired properties along strike from the Company's Northern Empire Gold Mine Property.
The program is being carried out under the supervision of Qualified Person, Peter Bevan, P.Eng. Its purpose is to evaluate the thesis that these zones represent the western extension of gold mineralization on the Northern Empire property.
The target Lafontaine properties, which have excellent nearby infrastructure, consist of 61 claims covering approximately 1,580 hectares in Summers Township, immediately west of the town of Beardmore, Ontario. They are underlain by a series of sheared, mineralized mafic volcanic and banded iron formations. The main banded iron formation, a gold-bearing mineralized zone, is 400 metres long by 10 metres wide. Historical work completed on the property outlined 17 gold showings. Trenching and sampling carried out between 1990 and 1994 uncovered new mineralized horizons containing pyrite, pyrrhotite and arsenopyrite. Grab samples yielded grades as high as 36.54 g/t at Buffalo Beardmore showing and 43.89 g/t at F showing. Historical work included airborne magnetometer and EM survey conducted by Terraquest Ltd. in 1986 and 1989 as well as 24 diamond drill holes for a total of 3,082 metres completed by Explorations Minières Du Nord Ltée in 1996-1997.
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. |
