Roxmark plans to explore Leitch-Sand River Gold Mine, once Canada's richest

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[{"type":"text","content":"\n\n\n\nTORONTO, July 7 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today\nannounced that it plans to actively explore the Leitch-Sand River Mine,\nincluding prospecting, geological mapping, mechanical stripping and diamond\ndrilling, as part of its aggressive exploration field program in the Beardmore\nCamp in Northwestern Ontario.\n\n\nIn addition to further delineating historical resources, the current 2009\nfield program will assess anomalies identified by last year's High-Resolution\nAeromagnetic (HRAM) airborne geophysical survey. Anomalies found on the\nneighbouring Northern Empire Mine have already been identified as gold bearing\nmulti-vein parallel structures and are also being explored in the 2009\nprogram, along with gold veins on Roxmark's Nortoba-Tyson property.\n\n\nThe program is being supervised by Peter Bevan, P. Eng., who is the\nQualified Person for the information contained in this news release and within\nthe meaning of NI 43-101.\n\n\nOnce Canada's richest gold mine, producing 847,690 oz of gold with an\naverage grade of 0.92 oz per ton, the Leitch-Sand River Mine is 10 kilometres\nfrom Roxmark's Northern Empire Mill in Beardmore, Ontario.\n\n\nThe Mine, operated continuously over a period of 30 years, was shut down\nin 1965 as a result of $35 gold and boundary disputes which Roxmark has\neliminated through consolidation. The mine, shallow by the standards of top\nproducers in nearby camps, never ran out of gold at depth and both ore grade\nand vein width increased with depth. Mining records of the time record several\ndrill assays of more than two ounces per ton over 2 feet located 100 feet\nbelow the 30th level. A non-NI 43-101 compliant historical resource estimate\nof 737,000 oz of gold was made by geologist Dr. Stanley Malouf in 1998 (based\non a non-NI 43-101 compliant estimate of 2,336,000 tons of ore grading 0.315\noz/t Au. A qualified person has not done sufficient work to verify the\nhistorical resource, the Company is not treating the historical resource as a\ncurrent resource and the historical resource should not be relied upon.)\n\n\nRoxmark's current plan is to develop the eastern strike length of the\nNorthern Empire mine by a decline and mine the area to the second level.\nPreliminary study indicates that production can begin within six months of\ncompleting development work. This prog...

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