Premier - Roxmark Kailey Zone drilling returns 1.47g/t Au across 162.0 metres



    TORONTO, June 26 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
announced that drilling by Premier Gold Mines (TSX:PG) as operator has
returned the best results to date in the recently discovered Kailey Zone at
the Geraldton Project in Northwestern Ontario. Drilling in the central part of
the Kailey Zone has returned gold intersections well in excess of 100 metres
where the two broad parallel stringer horizons converge to the east.
    The Kailey Zone is a bulk tonnage target proximal and parallel to the
historic Little Long Lac Gold Mine from which more than 600,000 ounces of gold
were produced during the period 1934-53 at an average grade of 11.66g/t Au.
Highlights from ongoing drilling include 1.32g/t Au across 191.2 metres,
2.16g/t Au across 92.2 metres, 1.47g/t Au across 162.0 metres and 1.15g/t Au
across 140.2 metres.
    Drilling in the Kailey Zone has identified parallel horizons (K1 - North
& K2 - South) which converge in the central and eastern sections. The latest
three intersections have true widths approaching 100 metres. Drilling has cut
off the horizon to the east with mineralization remaining open primarily
down-plunge where drilling is currently focused. The following table provides
a summary of recent assay results received from drilling the Kailey Zone on
Section 12+75E (dip angles: 50 (043), 60 (045), 70 (048) degrees):

    
    Table 1 Significant Results at Stringer Zone - Little Long Lac Target
    Area
    -------------------------------------------------------------------------
                                                                   AU     AU
    Hole-ID      Section     From     To     Length (m)   Zone   (g/t)  (opt)
    -------------------------------------------------------------------------
    PLL08043  1275E - 3+30N   6.8  147.0  140.2 (460 ft)  K1-K2  1.15  0.034
                   Incl.      6.8   68.0   62.2 (204 ft)   K2    1.23  0.036
                   Incl.     85.0  147.0   62.0 (203 ft)   K1    1.33  0.039
    PLL08045  1275E - 3+30N   6.0  168.0  162.0 (531 ft)  K1-K2  1.47  0.043
                   Incl.     27.0   72.0   45.0 (148 ft)   K2    1.61  0.047
                   Incl.     91.5  168.0   76.5 (251 ft)   K1    1.93  0.056
    PLL08048  1275E - 3+30N   5.8  197.0  191.2 (627 ft)  K1-K2  1.32  0.038
                   Incl.      5.8   98.0   92.2 (302 ft)   K2    2.16  0.063
                   Incl.    212.0  215.0    3.0 (9.84 ft)  K1a   7.06  0.206
    -------------------------------------------------------------------------
    NOTE: True widths estimated at approximately 50-70% of intersection width
    

    It is Premier management's belief that these horizons could also direct
future exploration towards discovering and delineating higher-grade
mineralization potentially amenable to underground mining methods. Higher
grade intersections of 6.14g/t Au across 3.0 metres in hole PLL08045 and
7.06g/t Au across 3.0 metres in hole PLL08048 demonstrate this potential. In
order to test this theory, drilling is currently being performed to test the
K1 horizon at depth.
    Premier holds the option to acquire up to a 70% interest in the Geraldton
Project from Roxmark by making cash and share payments to Roxmark, and
performing exploration on the Project. The current drilling is part of an
ongoing program aimed at confirming Premier's belief that previously untested
sub-parallel mineralized faults occur proximal to the historic Little Long Lac
Gold Mine. In addition to the Kailey Zone, drilling is currently testing "TAZ"
and "Mine Repetition", two of the program's other primary targets believed to
have high potential to host gold mineralization. Veining and mineralization
has been identified in both target areas and assays are expected in the near
future.
    The "Geraldton Project" 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 several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 million ounces of gold.
    Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101. Core from Geraldton is sent to Accurassay
Laboratories, an accredited mineral analysis laboratory in Thunder Bay,
Ontario, for preparation and analysis utilizing both fire assay and screen
metallic methods.

    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.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.




For further information:

For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com;
Renmark Financial Communications Inc.: Christine Stewart,
cstewart@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com; Barbara Komorowski,
bkomorowski@renmarkfinancial.com

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