Roxmark completes acquisition of three Gold mining properties -
along strike from -
The Northern Empire Gold Mine -
TORONTO, Nov. 8 /CNW Telbec/ -
Roxmark Mines Limited -
(TSXV - RMK) (CNQ - RMKL) announces that it has issued an
aggregate of 115,940 shares in satisfaction of payments
due under three option agreements (the "Agreements")
to acquire the Amede Gold Properties -
totalling $26,666.67.
The securities issued are subject to a hold period expiring on
March 7, 2008.
The Agreements were previously announced in the Company's
July 12, 2007 news release....
Roxmark acquires Gold properties
16:26:26 GMT, 13 July, 2007
Gold exploration company Roxmark Mines has acquired a number of
gold-bearing properties in Summers Township near Beardmore,
it has been revealed.
According to Roxmark, the Amede Properties contain several
gold deposits historically yielding grab sample results
of up to 43.89 grammes per tonne (g/t) of gold.
Roxmark reports that the mineralisation occurs along strike
of the gold veins of
the Northern Empire Gold Mine,
where the company is carrying out a
26-hole surface drilling programme.
"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.
In 1999, resource grading of 15g/t of gold was determined
by Peter Bevan, a consulting geologist.
Drilling is continuing on the remaining holes and results
to date confirm the previous resource assessment.
"These are early days in the drilling programme, however,
we are pleased that results appear to confirm
the historical information," Mr Younan noted.
An exploration surface program is being carried out simultaneously
on two properties by Roxmark crew under the supervision of
Peter Bevan, Consulting Geologist.
Work includes stripping, trenching, sampling and geological
mapping of these gold-bearing structures.
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.
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.
In the last two years, 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, since eliminated.
Roxmark Mines -
vs. comparison to -
Ex..dd..
The Empire Gold Mine, made Newmont NEM very rich -
just south of Grass Valley, made more money than any other
in California.
It operated from 1850 until 1956 and produced 5.8 million ounces --
sadly, most at $35 an ounce rather than today's $300+ -- of gold
as well as over 367 miles of tunnels, to 6000' down -
the mine operated on a 750 acre property and was
the US largest Gold producer.
Empire Mine Headframe 1872 (Original painting on canvas)
As one of the only decent jobs available during the depression,
it's fondly remembered by the old hard rock types who gather
once a year on Miner's Day -
The mine still owned by NEM but surface owned by the California
Park board -
Compare this largest Gold Mine in US history -
mined on 750 acres with ex..dd....
Roxmarks have a huge land holdings of today -
the Gold values and richness increases often by depth and
its only narrow veins at the top but the rich wide veins
are wider and richer the deeper we mine -
Philip F. Cunningham is Chairman Roxmark Mines Ltd;
Philip F. Cunningham;
Chairman of the Roxmark Mines since May 2005,
and been a director of the Roxmark Mines since August 2004.
Mr. Cunningham is the chairman of Mackenzie Financial Services Inc.
and executive vice president of
Mackenzie Financial Corporation.
He joined the Mackenzie organization in 1982.
RE:
Q. - several posters have mentioned that they are in this stock
because of cunningham.
Can anyone explain why that is a plus.
Who is he? what is hew? and why is anything he is in is a plus?
Mr. Cunningham,
is a very knowledgeable, honest, reliable and
a good man for Canadian future mining industry -
Btw.
Mr. Cunningham is executive vice president of -
Mackenzie Financial Corporation -
and chairman of Mackenzie Financial Services Inc. -
He joined the Mackenzie organization in 1982 -
mackenziefinancial.com
Mackenzie -
offers more than 100 investment funds in Canada -
and the United States
and Mackenzie - manages more than $45 billion -
for over 1,000,000 investors and their financial advisors...
as major shareholder for RMK/RMKMF -
roxmark.com
Philip will get the old Roxmark's great Canadian Gold Mines -
back UP Re-commissioned Gold production lots of Gold again -
well, we all aquired RMKL share for a firesale price -
we can do the same now - or you can wait and get
on the bandwagon to pay a few fiatz$$bucks later? -
its up to you -
I have been in Goldcorp from its beginning -
and haven't sold one share of it -
and the same goes for RMK -
been in it for more than 20yrs -
only buying more -
haven't found any mines with more Au treasures -
RMK - is a strategic fire sale -
btw..fys....better than gold -
The Mission is to help people to gain great Golden Health -
and Wellness - from God's Herb Garden -
welcome to join me -
it will be your best Christmas gift -
holyteaclub.com
God Bless All
at Roxmark forum dd.... below -
siliconinvestor.com
Subject 56863
Imo. Tia.
RR thanks for the info....
I agree, Roxmark Mines management,
with Cunningham at helm will get all of
the RMK old great Canadian Gold Mines into
new great Gold production at a strategic time;
stockhouse.com
RE: Like Nobel1 said,
kxl 55m is a peanut compare to Philip's RMK Au inventory -
RMK definately is undervalued as a .50 cent
share price is just a fiatz$75 million M/C..
.. got more today
and I think we are very near our lows.
Gold T fyi. Roxmark is not just undervalued,
it may has been systematically held down by constant -
negative bashers who been on RMK forums for a long time -
maybee done by a group who want to keep and hold RMK
shareprice down - to buy for less fiatz$?
or is it nss naked short sellers?
RE:
they are going to have to come up with a lot more money
to get RMK!
For years short selling have bashed Roxmark constant
with negativity -
RE: It's WAY UNDERVALUED -
Ex....
RMK Gold Mines - should be $29.50/sh -
it would be a 100% more fair market value -
with the richest old Gold Mine in Canada +
more than 10 more -
Great old Gold Mines in Canada -
compared to -
a grassroot exploration company in the area -
without a mine -
only some surface trenches and few cores -
trades at about 4 times higher market value? -
what a hyped up public market? -
IMHO!
Gold – Beardmore
1. Northern Empire
In 1996, Roxmark acquired a 100% interest in
the Northern Empire property
from Pancontinental Mining (Canada) Ltd.
and Ateba Mines Inc.
The property consists of 72 patented and leased claims
covering 2,644 acres in McComber and Summers Townships,
and includes a permitted mill complex.
The mill currently has a capacity of 200 tons-per-day,
but has been designed for expansion to 500 TPD.
It has been upgraded and readied to process bulk gold
and molybdenum samples from
Roxmark’s Nortoba-Tyson properties
and could also process samples from
the Sand River/Leitch
and
East Leitch properties,
if and when extracted in the future.
Historically, the Northern Empire property
produced 149,053 ounces of gold from 425,866 tons
with a recovery of 0.35 oz. in gold per ton.
It is serviced with a shaft to 2,460 feet with development
above and below a major flat diabase sill.
The mine was inactive since 1988.
Historical resources were estimated by J. C. Fagan
and associates on March 1, 1999 covering the Power
and Contact zones for total resources of 70,545 tons
grading 0.48 oz. of gold per ton.
This estimate is not in compliance with NI 43-101.
2. Sand River Mine Property
In 2000, Roxmark acquired a 100% interest from
Rio Fortuna Exploration Corp. in
the Sand River Property,
37 contiguous mining leases
covering 1,692 acres in Eva Township.
The Sand River-Leitch discovery
was made on the Sand River Mine in 1934
and the vein system was extended to the northeast onto
the Leitch Mine in 1935.
Servicing was by a three-compartment shaft to 2,656' depth.
Sand River Resources
processed 157,870 tons with a recovery grade
of 0.32 oz. of gold per ton yielding 50,065 oz. gold.
3. Leitch Property
In 2003, Roxmark acquired from
Teck Cominco Limited an approximate 63% interest in
the Leitch property,
consisting of 10 patented claims covering 1,276 acres
in Eva and Summers Townships.
The property is governed by a Joint Venture agreement
dated June 30, 1987 between
Teck and San Paulo Exploration Inc.,
now AdvanteXCEL.com Communications Corp.,
as amended April 30, 1990 and October 30, 1990.
The other Joint Venture party holds the balance of
approximately 37%.
Roxmark is the operator.
The Leitch Mine
was serviced by a three-compartment shaft to 3,006',
with a winze from the 19th or 2,875' level to
the 30th or 4,525' level.
It operated continuously from 1937 to 1965,
processing 906,395 tons with a recovery of 0.92 oz. of gold
per ton yielding 860,648 oz. gold at US$35/oz.
4. East Leitch Property
In 2003, Roxmark acquired from Kinross Mines a 55.25% interest in
the East Leitch Property
covering 20 claims held under a 21-year lease on 832 acres
in Summers Township.
The property is governed by a Joint Venture Agreement
dated September 1987 between Falconbridge Limited (now Kinross)
and Minerals Anodor Inc. (now Afri-Can Marine Mineral Corporation).
In January 2005,
Roxmark acquired the remaining 29.75% interest from African Marine.
roxmark.com
Roxmark Gold Mines - RMK -
Gold POG Last trade $846.0 Change +$22.6 (+2.73%)
RMK Gold Mines - $31.-/sh -
should be a 100% more fair market value -
with the richest old Gold Mine in Canada +
more than 10 more -
Great old Gold Mines in Canada -
compared to -
a grasroot exploration company in the area -
without a mine -
only some surface trenches and few cores -
trades at about 4 times higher market value? -
welcome to join Roxmark's US forums -
stockhouse.com
Subject 56863
Subject 57091
siliconinvestor.com
Imo. Tia.
God Bless America
Amen
by Nobel on another forum |
