Roxmark files Technical Report updating resources at Northern Empire Gold Mine

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[{"type":"text","content":"\n\n\n\nTORONTO, Nov. 14 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today\nannounced that the Technical Qualifying Report for the Northern Empire Gold\nMine, in accordance with NI 43-101 regulations and dated November 2008, has\nbeen filed on SEDAR and is available at the Company's website. The updated\nreport was prepared by Peter Bevan, P. Eng., consulting geologist and a\nqualified person under NI 43-101.\n\n\nThe Report includes a renewed assessment of the 2007 and 2008 drilling\nprograms at the mine as well as a resource calculation, as per NI 43-101,\nestablishing:\n\n\n86,652 tonnes grading 10.70g.Au/t containing 29,807 ounces of Indicated\nGold Resources; and 64,748 tonnes grading 9.95g.Au/t containing 20,719 ounces\nof Inferred Gold Resources, at shallow depths over a limited drilled strike\nlength of the Contact and Power Zones. Roxmark's news release of October 2,\n2008 describes both resources and potential in detail.\n\n\nThe Company is carrying out the recommendations of the Bevan Report by\ncommissioning a scoping study which includes dewatering the shaft and\ninstalling a headframe, hoist and ancillary equipment on surface and\nunderground. The recommended plan also includes underground mining a\n3,500-4,000-tonne bulk sample to be processed at the Company's Northern Empire\nmill.\n\n\nThe economics of Roxmark's plans to reopen the Northern Empire to produce\ngold and carry out underground exploratory drilling will benefit from the\navailability of existing underground workings and of the upgraded, fully\npermitted onsite mill.\n\n\n"While these are tough times for capital markets, we believe the Northern\nEmpire project will exceed the threshold for commercial development, offering\npotential investors an attractive opportunity." said Monir Younan, Roxmark\nPresident.\n\n\nThe Northern Empire Mine was operated successfully by Newmont Mines from\n1934 to 1941. The mine was serviced by a shaft to a depth of 2,460 feet and\nproduced 149,000 ounces of gold from 426,000 tons of ore at a recovered grade\nof 0.35 oz Au/t. The on-site 200TPD mill (expandable to 500TPD) was built in\n1982 and upgraded and permitted by Roxmark. It processed gold and molybdenum\nores in 2005 and 2006, respectively.\n\n\nThe Northern Empire Mine is located in the Town of Beardmore,\napproximately 200 km northeast of Thunder...

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