Roxmark Reports Encouraging Results From Drilling on Gold Veins at Nortoba-Tyson Molybdenum/Gold Property
Toronto, Ontario, September 30, 2008. Roxmark Mines Limited (TSXV � RMK) today announced that its second surface diamond drilling program for the year has been completed on gold veins at its Nortoba-Tyson moly-gold property, encountering gold mineralization in every hole drilled along the strike length.
A total of 1,358 metres was drilled to delineate the gold mineralization of Veins No.1, 1A and 2. Following the completion of mechanical stripping, geological mapping and channel sampling of Veins No.1 and 2, Vein No.2 was exposed over a strike length of at least 350 metres and Vein No.1 was exposed for 150 metres. Channel samples returned gold values up to 13.3 g.Au/t over 0.30 metres.
Although drilling was done on wide spacing, an area of interest encountered gold values up to 16.6 g.Au/t over a strike length of 110 metres. The following table provides significant assays received:
|
Hole-ID |
Dip |
From |
To |
Length (m) |
Zone |
AU (g/t) |
|
NT08 � 01 |
-55 |
80.50 |
81.00 |
0.50 |
Vein No. 2 |
10.10 |
|
NT08 � 02
|
-55
|
51.30
51.60 |
51.60
51.90 |
0.30
0.30 |
Vein No. 2 |
8.79
1.54 |
|
NT08 � 03
|
-70
|
47.90
48.20 |
48.20
48.60 |
0.30
0.40 |
Vein No. 2 |
6.84
16.60 |
|
NT08 � 08 |
-65 |
24.30 |
24.80 |
0.50 |
Vein No. 1 |
4.36 |
|
NT08 � 13 |
-45 |
27.50 |
28.00 |
0.50 |
Vein No. 2 |
5.29 |
|
NT08 � 15 |
-45 |
56.00 |
56.70 |
0.70 |
Vein No. 2 |
9.30 |
|
NT08 � 17 |
-45 |
36.90 |
37.40 |
0.50 |
Vein No. 1 |
4.11 |
NOTE: True widths estimated at approximately 70% of intersection width
Additional drilling is planned to outline the extent of gold mineralization along the strike length. The drilling program is being supervised by Peter Bevan, P. Eng., 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 NQ core is logged, sampled and split. The samples are recorded, bagged and sent out to Actlabs Group of Companies, an accredited mineral analysis laboratory, for preparation and analysis utilizing both fire assay and screen metallic methods.
The Nortoba-Tyson property, containing 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 and the Nortoba-Tyson, is a strong cost and logistical 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 (for more details see RMK news release dated September 24, 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.
Toronto Resource Investment Conference
Roxmark will be attending the conference at the Metro Toronto Convention Centre South on October 4 and 5. Booth number is 416.
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.
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