Roxmark Mines Ltd

Published : November 13th, 2008

Extends Molybdenum Mineralization at Nortoba-Tyson Molybdenum Property

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Keywords :   Canada | Gold | Gold Mine | Gold Mines | Molybdenum |

Channel sample returns 1.68% Mo over 0.70 metres

Roxmark Extends Molybdenum Mineralization at Nortoba-Tyson Molybdenum Property

Toronto, Ontario, November 13, 2008.  Roxmark Mines Limited (TSXV � RMK) today announced the results of surface exploration work completed on vein no. 3 at the Nortoba-Tyson molybdenum gold property, including values as high as 1.68% molybdenum (Mo) over 0.70 metres.

Geological mapping, stripping, trenching and channel sampling were carried out on the vein during the period from August through October of this year. An area of interest situated 74 metres west of trenches 1 & 2 was completely stripped and sampled. The new Nortoba west mineralization extends about 110 metres and opens to the west and depth. The vein has various widths.

Channels were cut every 1.50 metres along strike. Two zones along the strike of the exposed area returned significant assays that warranted further work.

Sample No.

Zone

Length (m)

Width (m)

Mo %

2475

2 (East)

 

1.00

0.311

2476

2 (East)

 

1.00

0.035

2477

2 (East)

 

1.00

0.667

2478

2 (East)

 

0.70

1.680

2479

2 (East)

 

1.00

0.015

2480

2 (East)

 

0.80

0.029

2481

2 (East)

 

0.40

0.330

 

Average Zone 2

16.0

0.84

0.438*

 

 

 

 

 

2535

1 (West)

 

0.50

0.435

2536

1 (West)

 

1.00

0.011

2537

1 (West)

 

0.50

0.040

2538

1 (West)

 

1.00

0.074

2539

1 (West)

 

1.00

0.035

2540

1 (West)

 

1.20

0.291

 

Average Zone 1

12.6

0.87

0.136*

 

 

 

 

 

 

 

 

   *weighted average

Encouraging results from samples as well as preliminary investigation indicate that mineralization increases along the dip. Accordingly, certain areas along the strike were drilled and blasted to make up part of the second bulk sample that is underway from the previous trenches. This 300 tons of blasted material will be hauled to Roxmark�s Northern Empire Mill next spring. An estimated additional 350 to 450 tons of material will also be extracted from the trenches at that time to be treated at the mill.

This molybdenum program was supervised by Peter Bevan, P. Eng., who is the Qualified Person for the information contained in this news release and within the meaning of NI 43-101.  The program utilizes a Quality Assurance/Quality Control Program consistent with NI 43-101 and best industry practice. The samples are recorded, bagged and sent out to Actlabs Group of Companies and to S.G.S. Lakefield Research Limited, both accredited mineral analysis laboratories, for preparation and analysis.

The Nortoba-Tyson property, containing both molybdenum and gold mineralization, is located 26 km from the Town of Beardmore, approximately 200 km northeast of Thunder Bay and serviced by the Trans-Canada Highway.  Accessibility of all Roxmark properties including the Leitch Gold Mine, once Canada�s richest, is a strong advantage.

Certain Roxmark holdings in the Geraldton Camp are under option agreement to Premier Gold Mines Limited (TSX-PG) which has incurred more than $6.1 million in exploration expenditures since September 2007. Additionally, several properties are being acquired by Premier to be included in the joint venture known as the Geraldton Project. (For more details see Roxmark�s news release dated October 23, 2008).

Roxmark�s holdings are located in the Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades.  The belt has historic production of more than 4.1 million ounces of gold.

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. The belt is a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades.  The belt has historic production of more than 4.1 million ounces of gold. In the last several 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.

Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.

Forward-Looking Statements
This news release includes certain �forward-looking statements�.  Such forward-looking statements involve risks and uncertainties.  The results or events predicted in these forward-looking statements may differ materially from actual results or events.  Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Monir Younan, President
Roxmark Mines Limited
801- 80 Richmond St. West
Toronto, Ontario  M5H 2A4     

Tel.: (416) 860-1636
Fax: (416) 360-7355
E-mail: roxmark@on.aibn.com
Website: www.roxmark.com

Renmark Financial Communications Inc.
Christine Stewart : cstewart@renmarkfinancial.com
Barbara Komorowski : bkomorowski@renmarkfinancial.com

Toronto:
Tel.: (416) 644-2020
Fax: (416) 644-2021
www.renmarkfinancial.com
Montreal:
Tel.: (514) 939-3989
Fax: (514) 939-3717


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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Financings of
11/18/2008Receives $500,000 from Warrants Exercised by Significant Sha...
12/18/2007 Completes $1.18 Million Flow-Through Financing
Option Grants of
11/13/2008Grants Stock Options
Project news of
11/14/2008Files Technical Report Updating Resources at Northern Empire...
11/13/2008(Nortoba-tyson)Extends Molybdenum Mineralization at Nortoba-Tyson Molybdenu...
10/2/2008(Northern Empire)Drilling Programs, Gold Resources at Northern Empire Mine
9/30/2008(Nortoba-tyson)Reports Encouraging Results From Drilling on Gold Veins at N...
8/25/2008(Nortoba-tyson)Mobilizes Drill Rig to Test Nortoba-Tyson Gold Mineralizatio...
6/18/2008(Northern Empire)Continues to Intersect High-Grade Gold Mineralization at Nor...
5/27/2008(Geraldton)Results at Kailey Zone Show Significant Increase in Gold Gra...
5/21/2008(Northern Empire)Intersects High-Grade Gold Mineralization at Northern Empire...
5/6/2008(Geraldton)Premier-Roxmark Geraldton Drilling Continues to Expand Gold ...
4/1/2008(Magnet Mine)Premier-Roxmark Discover High-Grade Gold Beneath Highway at ...
3/3/2008Intersects 254.8 g/t (7.44 oz/ton) and 60.88 g/t (1.78 oz/to...
1/25/2008(Magnet Mine) Magnet Mine Property by Premier Gold Intersects Primary Tar...
11/20/2007(Northern Empire) Plans Winter Drilling, Re-Opening of Northern Empire Mine
Corporate news of
9/24/2008 More than $6.1 Million in Exploration Completed - Roxmark U...
6/26/2008Premier - Roxmark Kailey Zone Drilling Returns 1.47g/t Au Ac...
6/19/2008Board election
5/29/2008Third Drill Added to Test Primary Geraldton Project Gold Tar...
4/16/2008Provides Progress Report on Premier Agreement
1/3/2008Independent geologist calls for underground drilling, produc...
9/24/2007Premier Gold Announce Joint Venture Agreement For Geraldton ...
8/22/2007Retains Renmark Financial
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