Roxmark channel sampling, drilling continues to define new gold discovery at
Northern Empire Mine Property

TORONTO, Sept. 25 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today announced that it has completed additional channel sampling and limited drilling on the newly-discovered structure, parallel to the Power and Contact Zones, on the Northern Empire Gold Mine Property which produced 149,000 ounces of gold.

The structure, containing high-grade gold mineralization, was outlined by an airborne High-Resolution Aeromagnetic Survey and first defined by a previously announced stripping and channel sampling program (news releases dated June 24 and July 23, 2009) which returned gold values up to 36.40 g/t.

Additional channel sampling to date has continued to provide encouraging results, showing continuous gold mineralization along the new zone. Currently, just over 35% of the strike length has been stripped.

    
               Table 1 - Summary of additional channel sampling
      ---------------------------------------------------------------
         Channel No.        Sample No.    Au (g/t)       Width (m)
      ---------------------------------------------------------------
         NE-09 - C211       3387            3.87           0.30
      ---------------------------------------------------------------
         NE-09 - C220       3429           10.40           0.30
      ---------------------------------------------------------------
         NE-09 - C222       3435-3437       3.68           1.10
      ---------------------------------------------------------------
         NE-09 - C223       3444           18.10           0.40
      ---------------------------------------------------------------
         NE-09 - C224       3447-3448      13.74           0.90
      ---------------------------------------------------------------
         NE-09 - C225       3452            6.89           0.30
      ---------------------------------------------------------------
         NE-09 - C233       3483            7.04           0.30
      ---------------------------------------------------------------
         NE-09 - C234       3485-3486       6.22           0.60
      ---------------------------------------------------------------
         NE-09 - C247       3540           10.50           0.40
      ---------------------------------------------------------------
         NE-09 - C252       3560-3561       6.08           0.80
      ---------------------------------------------------------------
    

The first phase of drilling was designed to test and confirm the mineralization as outlined by channel sampling. Several holes over the past month intersected the new mineralization with grades up to 21.10 g/t gold over 0.30 m. or 15.60 g/t gold over 0.60 m. The new zone lies about 240 metres south of the Power Zone and is a similar high-grade, narrow vein structure.

Widely-spaced holes have been drilled above the diabase sill over less than half of the strike length. A more comprehensive follow-up drilling program is planned once further field data can be compiled and analyzed. The intercepts are highly significant because they show the zone is open to expansion along strike.

Highlights from the first phase of drilling, based on assays received to date:

    
             Table 2 - Summary of drilling on new gold discovery
    -------------------------------------------------------------------------
    Hole-ID      Dip       From        To       Length (m)      Au (g/t)
    -------------------------------------------------------------------------
    NE-09-10     -60      30.70       31.30       0.60           15.60
    including             30.70       31.00       0.30           21.10
    -------------------------------------------------------------------------
    NE-09-08     -60      24.60       25.10       0.50            3.18
                          68.00       69.00       1.00            3.33
    -------------------------------------------------------------------------
    NE-09-12     -60      50.50       51.10       0.60            5.62
    -------------------------------------------------------------------------
    NE-09-13     -45      40.30       40.70       0.40            6.76
    -------------------------------------------------------------------------
    NE-09-14     -60      50.70       51.00       0.30            7.98
    -------------------------------------------------------------------------
    NE-09-20     -60      18.00       18.30       0.30            6.28
    -------------------------------------------------------------------------
    NE-09-24     -60      73.30       72.60       0.30            6.44
    -------------------------------------------------------------------------
    NE-09-35     -45      12.50       15.50       3.00            5.67
    including             12.50       13.40       0.90           12.35
    -------------------------------------------------------------------------
    NOTE: True widths estimated at approximately 70% of intersection width
    

"These are early days in our exploration of this structure, but we are very encouraged by what we are seeing," said Roxmark President Monir Younan. "Further work at surface and detailed analysis of results to date will help pinpoint future drilling to take greatest advantage of the structure. In addition, we look forward to testing potential at a greater depth below the diabase sill, particularly since other structures at the Northern Empire Mine are mineralized both above and below the sill."

Peter Bevan, P.Eng., consulting geologist, is the Qualified Person for the information contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.

The Northern Empire Mine is located in the Town of Beardmore, approximately 200 km northeast of Thunder Bay and serviced by the Trans-Canada Highway. It was operated successfully by Newmont Mines from 1934 to 1941. The mine was serviced by a shaft to a depth of 2,460 feet and produced 149,000 ounces of gold from 426,000 tons of ore at a recovered grade of 0.35 oz/t Au. The on-site 200TPD mill was built in 1982 and upgraded and permitted by Roxmark.

Roxmark's current plan is to develop the eastern strike length of the Northern Empire mine by a decline and mine the area to the second level. A preliminary study indicates that production can begin within six months of completing development work. This program will be followed up by dewatering the shaft and installing a headframe, hoist and ancillary equipment on surface and underground. A feasibility study has not been completed and accordingly, there is no certainty that the plan will be economically viable.

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 addition to the Hardrock Project in the Geraldton Camp, Roxmark is pursuing a number of initiatives in the Beardmore Camp, including re-opening the Northern Empire Mine and its onsite mill and expanding the resource base at the Leitch-Sand River Mine, once Canada's richest producing gold mine. In recent 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 nine formerly highly productive gold mines located on its properties. These mines previously produced nearly four million ounces of gold from high-grade ore but were closed primarily due to boundary issues and dramatically lower gold prices at the time.

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.

    
    Neither 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.
    

SOURCE ROXMARK MINES LIMITED

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

Organization Profile

ROXMARK MINES LIMITED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890