Roxmark Mines Ltd

Published : May 21st, 2008

Intersects High-Grade Gold Mineralization at Northern Empire Gold Mine

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60.50g/t (1.760oz/ton) over 0.4 metre

Roxmark Intersects High-Grade Gold Mineralization at Northern Empire Gold Mine

Toronto, Ontario, May 21, 2008.  Roxmark Mines Limited (TSXV - RMK) today provided an update on the Diamond drilling program currently being carried out on its Northern Empire Gold Mine property.

Gold mineralization has been encountered in every hole drilled along the strike length in the Contact and Power Zones. In addition to these two zones, gold mineralization was encountered in the Iron Formation Zone (I.F.) which has returned significant assays and in the Foot Wall Zones (F.W.). Results as high as 60.50 grams per tonne gold (g/t Au) (1.760 opt) over 0.4m and 34.50 g/t Au (1.010 opt) over 0.4m were encountered.  Although assay results and infill samples are still awaited, the following are significant assays received to date:

Hole-ID

Section

From

To

Length (m)

Zone

Au (g/t)

Au (opt)

08 - 07

 

1+25W

Including

97.80

98.20

98.84

98.44

1.04

0.24

Power

17.84

62.00

0.520

1.810

08 - 18

4+00W

19.00

19.40

0.40

I. F.

60.50

1.760

 

 

52.70

53.10

0.40

F.W.

34.50

1.010

08 - 21

 

3+75W

Including

74.00

76.80

77.10

77.10

3.10

0.30

Contact

4.29

33.30

0.125

0.970

08 - 28

 

5+75W

38.00

114.00

38.50

114.50

0.50

0.50

F.W.

Power

4.68

17.30

0.136

0.505

08 - 36

4+75W

112.20

113.30

1.10

Contact

16.58

0.483

08 - 39

4+25W

107.20

107.50

0.30

F.W.

26.60

0.776

08 - 47

2+25E

58.40

58.70

0.30

F.W.

19.50

0.570

08 - 50

3+50E

84.00

84.60

0.60

Power

29.45

0.860

08 - 52

2+50E

47.50

48.50

1.00

H.W.

29.80

0.870

08 - 57

 

 

 

3+25E

Including

Including

 

 

54.25

54.25

56.60

 

85.60

57.15

54.75

57.15

 

87.55

2.90

0.50

0.55

 

1.95

Power

Power

Power

 

Contact

2.97

8.51

6.08

 

12.54

0.087

0.248

0.177

 

0.366

                NOTE:  True widths estimated at approximately 70% of intersection width

The planned 6,200-metre program, which began in March and was designed to test 1,250 metres of mineralization strike length at the property, is expected to be extended beyond 8,000 metres. Early in the year, Roxmark announced a National Instrument 43-101 compliant report outlining resources for a limited strike length from section 7+00E to 9+00E to a depth of 100 m.  The 2008 drilling was planned to delineate the mineralization west of the resource area on the Contact Zone and in certain areas on the Power Zone.

The drilling program is 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 NI43-101 and best industry practice. The NQ core is logged, sampled and split. 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 utilizing both fire assay and screen metallic methods. To date, minor check sampling has been carried out and more is planned.

The Northern Empire Mine was serviced by a shaft to a depth of 2,460 feet and produced 149,000 ounces of gold from 426,000 tons of ore at a recovered grade of 0.35 oz/t Au.  The mine hosts an on-site 200TPD mill (expandable to 500TPD) which was built in 1982 and upgraded and permitted by Roxmark.  It processed gold and molybdenum ores in 2005 and 2006, respectively.  Following the recommendations of the Bevan Report, Roxmark's objective is to recommence gold production at the Northern Empire Mine after successfully delineating extensions to the Contact Zone in the 2008 program.  A study of the feasibility of re-opening the mine will include dewatering historical workings, drifting in the Power and Contact Zone vein structures, completing a 5,000 ton underground bulk sample, and carrying out closer spaced resource identification drilling from available underground workings to the east and west of the historical shaft.

The Northern Empire property is located in 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 and the Nortoba-Tyson (a new source of gold and molybdenum), is a strong cost and logistical advantage. 

Roxmark 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 seen 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.  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.

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
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

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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