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Gold/Mining/Energy : Roxmark Mines Ltd. (Bulls Board)
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To: mike iann who wrote (36)11/21/2007 7:20:11 PM
From: NYBob1   of 54
 
Greenstone area looking forward to mining resurgence -
Tb News Source
Web Posted: 11/21/2007 4:42:06 PM


It was known as the Greenstone Gold belt and if recent
announcements are any indication, that title may still
ring true.
This week Roxmark Mines Limited announced the company
is planning to re-open the Northern Empire Mine -
in Beardmore next year.
In the coming months, the company proceed with all
the necessary steps, including mine planning, permitting
and employee training.

Roxmark President Monir Younan says it is difficult at
this time to determine how many jobs would become
available but he estimates up to 125 positions at the
revived site.

Younan says the Northern Empire mine is unique because
it has existing infrastructure.

Because of that he is estimating $8-10 million in capital
upgrades before the mine can re-open.

Roxmark's currently owns at least ten gold properities in
the Geraldton- Beardmore area but they are not alone.

More than a handful of companies are in the exploration
stages in the municipality.

Premier Gold Mines Limited in a joint venture with Roxmark
is spending 2.5 million dollars to explore the former
Little Long Lac Mine.

And both Kodiak Exploration, a BC based company and
Sage Gold are also active in the municipality.

This is all positive news says Greenstone Mayor Michael
Power, who adds that this is just the beginning,
with more announcements expected shortly.

tbsource.com

siliconinvestor.com
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