ROXY..We are next..
posted on
Apr 15, 2009 11:35AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
http://www.newswire.ca/en/releases/a...
TORONTO, April 15 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today
reported that the drilling program being carried out on the Hardrock Project
joint venture in Geraldton, Northwestern Ontario by Premier Gold Mines Limited
as operator continues to return high-grade gold mineralization in the Tenacity
Zone, as well as high-grade narrow vein mineralization in a deeper target (KL
Zone).
Results suggest that the Tenacity Zone may improve with depth as
confirmed by an intersection of 16.86 grams per tonne gold (g/t Au) across 5.5
metres (m) in the furthest down-plunge section drilled to date. Additionally,
drilling has confirmed high-grade gold in a deeper target beneath Tenacity
with intersections of 40.1g/t Au across 1.0m and 17.45g/t Au across 1.9m.
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Highlights of recent Tenacity drilling include:
- Drilling suggests the potential to develop both open pit and
underground resources with apparent improvement in grade and
continuity down-plunge.
- Exploration drilling (three holes) confirmed high-grade gold
mineralization within a narrow vein target with intersections in
excess of 17.14 g/t Au ((greater than)0.50 oz/ton).
Follow-up drilling at Tenacity, as well as the testing of other target
areas, is ongoing.
TENACITY ZONE
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Drilling at the Tenacity Zone has confirmed the potential for both open
pit and underground-style gold mineralization. Drilling has defined open
pit-style mineralization over a strike length of approximately 400 metres and
is now testing for higher-grade mineralization that could be amenable to
mining from a ramp below the potential pit workings. Mineralization remains
open at depth with the strongest intersection being seen in hole TN025, the
first hole with assays from the western-most (down-plunge) section drilled to
date. Tenacity intersections of more than 20 metres have been visually
confirmed down-dip from hole TN025, which returned 16.86g/t Au across 5.5m.
Follow-up drilling continues to intersect strong vein zones including
several occurrences of visible gold. Highlights from recent drilling are
presented in Table 1 (Note that holes TN013, 016, 017, 019, 021 and 023 were
drilled east of the main area under the ice with no significant intercepts):