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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: E. Charters who wrote (44613)7/11/2007 4:31:58 PM
From: tcd  Respond to of 78416
 
EC: glad to hear from you. I am not selling one share of RMK. I'm a little overwhelmed by how the stock has been behaving, albeit nervous nelly shareholders. I hate to say it but if it goes to 11 cents again, I'm buying. Thanks for your well written explanation.

td



To: E. Charters who wrote (44613)7/13/2007 12:17:36 AM
From: tcd  Respond to of 78416
 
EC: Roxmark released some news this evening, Thursday.

Roxmark acquires gold-bearing properties along strike from Northern Empire Gold Mine
Thursday July 12, 6:12 pm ET

Historical grab samples reach 43.89 g/t
TORONTO, July 12 /CNW/ - Roxmark Mines Limited (TSXV - RMK) (CNQ - RMKL) ("Roxmark" or the "Company") today announced that it has entered into option agreements to acquire the Amede Properties, comprising in aggregate 61 claims covering approximately 1,580 hectares with approximately $250,000 of assessment credits. The properties have numerous gold showings which have yielded historical grab sample results as high as 43.89 g/t.
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The properties are located in Summers Township, immediately west of the town of Beardmore. The mineralization occurs along strike of the gold veins of the Northern Empire Gold Mine, where Roxmark is carrying out a 26-hole surface diamond drilling program on the Power and Contact zones. Further announcements await completion of assays, which are expected shortly.

The option agreements have a term of four years and require annual payments in cash or shares subject to TSX Venture Exchange approval. An aggregate amount of $30,000 is payable immediately and an aggregate payment of $60,000 will be required on the first anniversary of the agreements. An aggregate of $180,000 will be payable for each of the three option agreements during the second to the fourth anniversary. The property will be subject to 3% Net Smelter Return Royalty. Roxmark has the right to purchase up to 2% of NSR under certain conditions.

Geology of the new property is a series of sheared, mineralized mafic volcanic and banded iron formations. Previous work completed on the property outlined 17 gold showings. As reported in the 1996 Annual Report of the operator - Northern Mining Exploration, a limited shallow diamond drilling program was carried out, yielding gold values of 37.0 g/t over 2.1 metres in one hole.

While there are many targets of interest on the properties, the main banded iron formation, a gold-bearing mineralized zone 400 metres long by 10 metres wide is the only one on which any significant work has been carried out. Trenching and sampling 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 and 43.89 g/t at showing F.

"We are pleased to have acquired these properties because initial evaluations indicate both extensions to gold-bearing structures we are currently drilling on the Northern Empire Mine property and new prospective zones, one of which is considerably wider than those we have encountered to date," said Monir Younan, President of Roxmark.

"Geological mapping and channel sampling of the more promising gold-bearing iron formations will begin immediately," he added.

Review of the historical exploration work is being carried out by the Qualified Person, Peter Bevan, P.Eng. The planned program will commence immediately under his supervision.

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.

td