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1.54 oz/ton gold over 25.9 feet - Roxmark reports expansion of high-grade open pit potential at Hardrock Project
1.54 oz/ton gold over 25.9 feet - Roxmark reports expansion of high-grade open pit potential at H...
About this update from Atlas Salt Inc
[{"type":"text","content":"\n\n\n\nNov. 11, 2009 (Canada NewsWire Group) -- TORONTO, Nov. 11 /CNW Telbec/ -- Roxmark Mines Limited (TSXV-RMK) today announced results from drilling carried out in the Hardrock Project's NN Zone by Premier Gold Mines Limited (TSX-PG) as operator, comprising the final data to be used for an upcoming NI 43-101 resource calculation relating to open pit style deposits. Drilling has delineated multiple zones potentially amenable to open pit mining, including recently identified high-grade gold mineralization within the NN Zone. Highlights from recent drilling include the following results:- 5.26 grams per tonne gold (g/t Au; 0.15 ounces per ton) across 11.7metres (m; 38.4 feet) in hole MM053- 3.50 g/t Au (0.10 ounces/ton) across 36.5m (119.7 feet) in hole MM056- 52.90 g/t Au (1.54 ounces/ton) across 7.9m (25.9 feet) in hole MM062- 35.45 g/t Au (1.04 ounces/ton) across 3.6m (11.8 feet) in hole MM066Recent near-surface holes drilled in the NN Zone, located west along strike from the EP Zone, suggest the potential for defining open-pit resources with multiple horizons having intersection widths of up to 36.5 metres (119.7 feet). New drill results from the NN Zone are contained in the table below.Premier intends to release the results of the initial resource estimate prior to the end of 2009. Initial drilling results during the latter stages of 2009 support Premier's belief that additional mineral resources, amenable to underground mining methods, may be delineated at depth. It is Premier's intention to aggressively pursue this style of drill target during 2010 with the goal of amending the initial mineral resource sometime after the end of the second quarter.At Hardrock, significant potential exists for developing resources in several areas including:- Open pit-style mineralization at sites where historic resources werepartially delineated by previous operators, in addition to newlydefined mineralization at the Tenacity, EP and Kailey Zones;- Numerous surface and historic high-grade gold intercepts throughout thelarge property package that have received little to no follow-up;- Historic resource blocks reported to remain within the mine workings,including high-grade vein targets; and,- The main mined zones which remain open below the 600m level.\"Since January, the focus at Hardrock has been defining open pit style mineralization, a...