2010-08-03 19:50 ET - In the News
Jay Taylor in the July 7, 2010, edition of Gold, Energy & Tech Stocks, refreshes his buy recommendation for Merrex Gold Inc., recently 47 cents. Mr. Taylor said buy on April 19, 2010, at 60 cents. A $1,000 investment at 60 cents is now worth $783. Merrex's flagship project is the Siribaya gold project in Mali, which hosts a National Instrument 43-101-compliant resource of 300,000 ounces of gold. Mr. Taylor says infill drilling over the next few weeks at Siribaya should increase that resource to 500,000 ounces. The newsletter writer notes Siribaya's entire strike length is 10 kilometres, allowing for potential of up to five million ounces of gold mineralization. The average grade at the site is three grams per tonne, which is rich for a potential open-pit mine. Iamgold is spending $10-million on the property to earn a 50-per-cent interest. Mr. Taylor says chances are good exploration at Siribaya over the next few months will increase the project into a relatively high-grade multimillion-ounce surface deposit. He sees potential for this stock to increase several-fold.
From Stockwatch , 4 August 2010
For more information about Merrex visit: http://www.merrexgold.com/
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.