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Gold/Mining/Energy : Roxmark Mines Ltd. (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (24)	8/13/2007 9:27:41 PM
From: NYBob1	Respond to of 54

Roxmark Mines drills 0.92 m of 59.35 g/t Au - 2007-08-13 16:12 ET - News Release Mr. Monir Younan reports ROXMARK HITS HIGH-GRADE GOLD AT NORTHERN EMPIRE MINE PROPERTY; INTERSECTS 59.35G/T OF AU OVER 0.92 M AND 21.53 G/T AU OVER 0.81 M biz.yahoo.com Roxmark Mines Ltd. is providing assay results for an additional four drill holes of its surface diamond drilling program on the Northern Empire mine property in Beardmore, Ont. Hole 09-9B, drilled on Section 7+87.5E, intersected 59.35 grams per tonne (g/t) of gold over 0.92 metre (equivalent to 1.73 ounces per ton of gold). A previously drilled hole, hole No. 86-4, on Section 7+75E, intersected 48 g/t over 1.40 metres. Similarly, hole No. 07-02 intersected 21.53 g/t of gold over 0.81 metre, drilled on Section 7+12.5E. This hole is a step-out hole to the east of hole 86-1, drilled in 1986, on Section 7+00E, which intersected 32.91 g/t over 2.25 metres. Drill intersections are near true widths of the zones. All holes drilled have intersected the Power and Contact zones, with mineralization persisting over a strike length of 212.5 metres. The targeted area is located 700 metres east of the existing shaft and drilled above the diabase sill. Drilling to outline gold mineralization below the diabase sill will be carried out from underground. Significant intersections from the recent drilling are presented in the drill results table. Previous intersections were announced in Stockwatch on June 15, 2007, and July 13, 2007. DRILL RESULTS Hole No. From (m) To (m) Length (m) Gold (g/t) Zone 86-1 83.20 85.45 2.25 32.91 Power 07-02 77.29 78.10 0.81 21.53 Power 07-07 83.30 84.05 0.75 13.20 Contact 86-4 91.70 94.10 1.40 48.00 Contact 07-9B 85.53 86.45 0.92 59.35 Contact 07-14 70.80 71.54 0.74 6 .46 Power 07-14 72.60 74.00 1.40 11.67 Contact ... "We are excited by these results," said Monir Younan, Roxmark president and chief executive officer. "They will help to support an upcoming NI 43-101-compliant report which we believe will expand historical estimates and establish the viability of reopening the Northern Empire mine. "We continue to find mineralization richer than that of zones previously mined at the Northern Empire. In addition, we have previously identified new mineralized zones," he added. Results presented in this news release have been reviewed by the qualified person, Peter Bevan, PEng. 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 Ltd. Samples are analyzed for gold by FA methods. Check sampling using two laboratories is being carried out prior to the determination of the quantity and the quality of the resources. The Northern Empire gold mine property is located in Beardmore, Ont. Historically, the Northern Empire mine produced 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 ounce per ton gold. The mine was serviced by a shaft to 2,460 feet with development above and below a major flat diabase sill. In 1999, Peter Bevan estimated resources of 65,969 tons grading 0.47 ounce per ton for a total of 30,780 ounces of gold. The historical estimate, which is not classified as current mineral resources, was based on information from above the diabase sill. This estimate should not be relied upon and is not compliant with NI 43-101. Existing infrastructure on the property, including an upgraded and fully permitted 200-ton-per-day mill (expandable to 500 tons per day), 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. We seek Safe Harbor. biz.yahoo.com siliconinvestor.com