Intersected 67.08g/t (1.96oz/ton ) over 2.0 metres
Premier-Roxmark Discover High-Grade Gold Beneath Highway at Magnet Mine Property
Toronto, Ontario, April 1, 2008. Roxmark Mines Limited (TSXV - RMK) today announced that drilling at the Magnet Gold Mine Property by Premier Gold Mines Limited (TSX:PG) has discovered a new high-grade gold vein zone that has returned numerous significant intersections including 67.08 grams per tonne of gold (g/t Au) across 2.0 metres (m).
The new "Highway Zone" is located under the Trans-Canada Highway, immediately south of the historic Magnet Gold Mine which produced more than 150,000 ounces of gold at an average grade of 14.4g/t Au during the period from 1938 to 1951. In all, nine holes were drilled to test this target, with multiple zones being intersected over a minimum strike length of 100 metres. At least fifteen separate occurrences of visible gold were identified during the program. The zones remain open in all directions. Table 1 provides a summary of the significant results from drilling the Highway Zone area:
Table 1 Significant Results From Highway Zone Drilling - CLICK HERE TO VIEW TABLE.
In addition to the main target, recent drilling performed in the "Benedict Zone", a secondary target located proximal to the Magnet Mine, intersected gold mineralization including 10.22 grams per tonne gold (g/t Au; 0.30 opt) over 2.5m and 8.14g/t Au (0.23 opt) over 2.0m. The Geraldton Project is being operated by Premier under an option agreement with Roxmark. Premier Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Both of these zones will be accessible from the underground workings.
The Magnet Mine is serviced with a shaft and winze to 2,640 feet. The property is equipped with a headframe, production hoist, compressors, generator, hydro substation, and other equipment and facilities.
The Geraldton Project is located in the heart of the Beardmore-Geraldton Greenstone Belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades. The Project area covers several kilometres of some of the most strategic ground in the region and is host to past-producing mines and numerous exploration targets in a district that has more than 4.1 million ounces of historic gold production.
In the Beardmore Camp, Roxmark is currently carrying out 6,200-metres of surface Diamond drilling program at the Northern Empire Gold Mine to further delineate the Contact Zone along a strike length of 1,250 metres.
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
Tel.: (416) 860-1636
Fax: (416) 360-7355
801- 80 Richmond St. West
Toronto, Ontario M5H 2A4
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
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