high grade gold & moly
15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.
Message: Status from GI blog....
Roxmark Mines Update
Roxmark Mines (RMK in Canada or RMKMF) has rallied 124% since the August panic low, which was a retest of the temporary sale price we highlighted in February, but still needs to rally 45% to recover to its price when its shares were first listed on the Toronto Venture exchange in April.
The recent strength in Roxmark shares has been driven by the excellent gold exploration results from neighboring Kodiak Exploration (KXL in Canada). KXL has rallied to over 10 times its August low (about 8 times Roxmark's current market cap) based on their very successful gold exploration work, and other junior explorers in the Geraldton-Beardmore area have also rallied strongly.
Interestingly, in Kodiak's drill results press release last week, they emphasized that they may have gold in extensions of structures hosted by several former-producing mines:
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=9784
"Gold bearing quartz veins which have been exposed on surface through removal of overburden on other properties acquired by Kodiak include extensions of the structures that host the Leitch Mine, which produced over 1,000,000 ounces of gold from meter wide quartz veins mined to a depth of 1.4 km with average grades of 31.5 gpt (0.92 opt) gold, the Little Long Lac gold mine which produced over 600,000 ounces at a grade of 11.7 gpt (0.34 opt) gold and the Magnet gold mine which produced over 152,000 ounces at an average grade of 14.4 gpt (0.42 opt). These mines were operated to depths of up to 4,600 feet and remain open at depth and on strike."
Savvy investors will recognize that Roxmark owns all 3 of these mines and the claims around them. Here are more details on these mines and others from Roxmark's web site: http://www.roxmark.com/prop_gold.html. Roxmark is actively working to put them back into production, using their fully permitted and operational mill.
Last month, Roxmark announced a joint venture on several of their Geraldton properties with Premiere Gold whereby Premiere's proven mining team will aggressively drill and move those properties to production to earn their interest in the partnership. Premiere already has 2 drills actively drilling in the Geraldton camp. Meanwhile, Roxmark is actively drilling to prove up more 43-101 resources in the Beardmore camp, and is also assessing production techniques on their Nortoba-Tyson molybdenum resources.
There has been a lot of excitement in the market recently surrounding "area plays" near recent high-grade discoveries in Canada, with exploration finds by Noront (NOT in Canada) in the James Bay Lowlands, Kodiak, and VMS Ventures (VMS in Canada) in Manitoba sending nearby junior miners rallying by as much as 12 times their prices of just last month. With Kodiak bringing much attention to the Geraldton-Beardmore area, news from Roxmark's drill programs should be very well received.
With the only operational and permitted mill in the area, and with a huge amount of existing infrastructure, Roxmark is much closer to production than any other juniors in the area. As the Geraldton-Beardmore area attracts more attention, and as Roxmark and Premiere advance Roxmark's properties to production, Roxmark shares should move much higher.
http://greatinvestments.blogspot.com/
Roxmark Mines (RMK in Canada or RMKMF) has rallied 124% since the August panic low, which was a retest of the temporary sale price we highlighted in February, but still needs to rally 45% to recover to its price when its shares were first listed on the Toronto Venture exchange in April.
The recent strength in Roxmark shares has been driven by the excellent gold exploration results from neighboring Kodiak Exploration (KXL in Canada). KXL has rallied to over 10 times its August low (about 8 times Roxmark's current market cap) based on their very successful gold exploration work, and other junior explorers in the Geraldton-Beardmore area have also rallied strongly.
Interestingly, in Kodiak's drill results press release last week, they emphasized that they may have gold in extensions of structures hosted by several former-producing mines:
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=9784
"Gold bearing quartz veins which have been exposed on surface through removal of overburden on other properties acquired by Kodiak include extensions of the structures that host the Leitch Mine, which produced over 1,000,000 ounces of gold from meter wide quartz veins mined to a depth of 1.4 km with average grades of 31.5 gpt (0.92 opt) gold, the Little Long Lac gold mine which produced over 600,000 ounces at a grade of 11.7 gpt (0.34 opt) gold and the Magnet gold mine which produced over 152,000 ounces at an average grade of 14.4 gpt (0.42 opt). These mines were operated to depths of up to 4,600 feet and remain open at depth and on strike."
Savvy investors will recognize that Roxmark owns all 3 of these mines and the claims around them. Here are more details on these mines and others from Roxmark's web site: http://www.roxmark.com/prop_gold.html. Roxmark is actively working to put them back into production, using their fully permitted and operational mill.
Last month, Roxmark announced a joint venture on several of their Geraldton properties with Premiere Gold whereby Premiere's proven mining team will aggressively drill and move those properties to production to earn their interest in the partnership. Premiere already has 2 drills actively drilling in the Geraldton camp. Meanwhile, Roxmark is actively drilling to prove up more 43-101 resources in the Beardmore camp, and is also assessing production techniques on their Nortoba-Tyson molybdenum resources.
There has been a lot of excitement in the market recently surrounding "area plays" near recent high-grade discoveries in Canada, with exploration finds by Noront (NOT in Canada) in the James Bay Lowlands, Kodiak, and VMS Ventures (VMS in Canada) in Manitoba sending nearby junior miners rallying by as much as 12 times their prices of just last month. With Kodiak bringing much attention to the Geraldton-Beardmore area, news from Roxmark's drill programs should be very well received.
With the only operational and permitted mill in the area, and with a huge amount of existing infrastructure, Roxmark is much closer to production than any other juniors in the area. As the Geraldton-Beardmore area attracts more attention, and as Roxmark and Premiere advance Roxmark's properties to production, Roxmark shares should move much higher.
http://greatinvestments.blogspot.com/
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