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Roxmark reports high-grade gold intersects 16.86 g/t across 5.5 m at Tenacity Hardrock Project
TORONTO, April 15 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today reported that the drillin...
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[{"type":"text","content":"\n\n\n\nTORONTO, April 15 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today\nreported that the drilling program being carried out on the Hardrock Project\njoint venture in Geraldton, Northwestern Ontario by Premier Gold Mines Limited\nas operator continues to return high-grade gold mineralization in the Tenacity\nZone, as well as high-grade narrow vein mineralization in a deeper target (KL\nZone).\n\n\nResults suggest that the Tenacity Zone may improve with depth as\nconfirmed by an intersection of 16.86 grams per tonne gold (g/t Au) across 5.5\nmetres (m) in the furthest down-plunge section drilled to date. Additionally,\ndrilling has confirmed high-grade gold in a deeper target beneath Tenacity\nwith intersections of 40.1g/t Au across 1.0m and 17.45g/t Au across 1.9m.\n\n\nHighlights of recent Tenacity drilling include:\n\n - Drilling suggests the potential to develop both open pit and\n underground resources with apparent improvement in grade and\n continuity down-plunge.\n - Exploration drilling (three holes) confirmed high-grade gold\n mineralization within a narrow vein target with intersections in\n excess of 17.14 g/t Au ((greater than)0.50 oz/ton).\n\nFollow-up drilling at Tenacity, as well as the testing of other target\nareas, is ongoing.\n\nTENACITY ZONE\n-------------\n\nDrilling at the Tenacity Zone has confirmed the potential for both open\npit and underground-style gold mineralization. Drilling has defined open\npit-style mineralization over a strike length of approximately 400 metres and\nis now testing for higher-grade mineralization that could be amenable to\nmining from a ramp below the potential pit workings. Mineralization remains\nopen at depth with the strongest intersection being seen in hole TN025, the\nfirst hole with assays from the western-most (down-plunge) section drilled to\ndate. Tenacity intersections of more than 20 metres have been visually\nconfirmed down-dip from hole TN025, which returned 16.86g/t Au across 5.5m.\nFollow-up drilling continues to intersect strong vein zones including\nseveral occurrences of visible gold. Highlights from recent drilling are\npresented in Table 1 (Note that holes TN013, 016, 017, 019, 021 and 023 were\ndrilled east of the main area under the ice with no significant intercepts):\n\n\nTable 1 Recent Tenacity Zone Intercepts\n---------------------------------...