Roxmark Mines acquires remaining interest in Leitch gold property

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[{"type":"text","content":"\n\n\n\nTORONTO, March 18 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today\nannounced that it has acquired from AdvantEXCEL.com Communications Corp.\n("AdvantEXCEL") an undivided (approximately) 37% beneficial interest in\ncertain mining claims located on the Leitch property near Beardmore,\nNorthwestern Ontario (the "Property"). The remaining (approximately) 63%\nbeneficial interest in the Property was already owned by Roxmark.\n\n\nAs consideration for the acquisition of the 37% interest in the Property\n(the "Acquisition"), Roxmark has paid AdvantEXCEL $103,000 and issued to\nAdvantEXCEL 1,150,000 common shares of Roxmark. The said common shares are\nsubject to a hold period expiring on July 19, 2009. Pursuant to the terms of\nthe Acquisition, the joint venture agreement relating to the Property\npreviously in place between Roxmark and AdvantEXCEL has terminated.\n\n\nThe Leitch Mine, once one of Canada's richest, operated continuously from\n1937 to 1965, processing 906,395 tons with a recovery of 0.92 oz. of gold per\nton yielding 860,648 oz. gold at US$35/oz. It was serviced by a\nthree-compartment shaft to 3,006', with a winze from the 19th or 2,875' level\nto the 30th or 4,525' level. The Property has historical resources which are\nnot NI 43-101 compliant, are based on insufficient exploration work, and\nshould not be relied upon.\n\n\nFurther information is available on the Company's website at\nwww.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n\n\nthat term is defined in the policies of the TSX Venture Exchange) accepts\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1815,"tagName":"div"}]

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