TORONTO, Jan. 13 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
announced that its 2009 field program, including a minimum of 5,000 metres of
diamond drilling, will concentrate on proving additional gold resources at its
Northern Empire Gold Mine and Nortoba-Tyson properties, both of which are on
the doorstep of the Company's Northern Empire mill, located in Beardmore,
Further details of the Beardmore Camp program, which will also include
geological mapping, channel sampling and other surface work, is awaiting
interpretation of a recent High-Resolution Aeromagnetic (HRAM) Survey
completed by Firefly Airborne Surveys on Roxmark's Northern Empire Gold Mine,
Nortoba-Tyson and Key Lake properties. A total of 1,983 line-km of airborne
magnetic survey with a spacing of 50 metres was covered by fixed wing aircraft
and G-822A Cesium Magnetometer. Based on preliminary results, the survey has
outlined several anomalies that warrant follow-up using knowledge gained from
previous drilling. A further announcement will be made when the data is
The 2009 field program will be funded by $1.35 million in flow-through
financing generated late last year.
Roxmark previously issued an NI 43-101 compliant technical report by
independent geologist Peter Bevan dated November 2008 which outlined 86,652
tonnes grading 10.70g.Au/t containing 29,807 ounces of Indicated Gold
Resources; and 64,748 tonnes grading 9.95g.Au/t containing 20,719 ounces of
Inferred Gold Resources, at shallow depths over a limited drilled strike
length of the Contact and Power Zones. The Company's news releases of October
2 and November 14, 2008 describe both resources and potential in detail.
Only the top 100 metres have been drill tested at the Contact Zone, in a
system known to host good gold mineralization to a depth of more than 600
metres. According to the report, historical production on veins that were open
at depths of 2,075 feet provides conceptual evidence that substantial
additional potential exists in the Contact Zone and parallel structures far
below the diabase sill. Peter Bevan, P. Eng., consulting geologist is the
qualified person under NI 43-101.
"We remain convinced that early underground development at the Northern
Empire will be economically attractive," said Monir Younan, Roxmark President.
"Our objective for 2009 is to explore other zones on the property which could
add to our resource base."
"Previously announced 2008 exploration results on our Nortoba-Tyson
gold/molybdenum property were also encouraging," Younan added. "However,
drilling was limited to a few holes on which we will be following up, based on
our interpretation of last year's data."
Premier-Roxmark Joint Venture
On December 22, 2008, Premier Gold Mines Limited announced that it has
closed the acquisition of additional mining in the Geraldton Camp. The project
which was known as the Geraldton Project has been named the Hardrock Project
and 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 few decades. In 2009, Premier will conduct a major
$8 million exploration program on Hardrock Project properties.
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
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.
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
For further information:
For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, email@example.com; www.roxmark.com