Roxmark updates drilling programs, gold resources at Northern Empire Mine

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[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 2 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today\nprovided an updated assessment of the 2007 and 2008 drilling programs at the\nNorthern Empire Gold Mine as well as a resource calculation, as per NI 43-101,\nestablishing just under 30,000 ounces of indicated and 20,000 ounces of\ninferred gold resources at shallow depths over a limited drilled strike length\nof the Contact and Power Zones.\n\n\nThe 2008 program drilled 77 holes totalling 8,385 metres. The program,\nwhich followed up on a successful 2007 drilling program of 26 holes,\nintersected high grade gold mineralization in several holes. The mine has\nhistorical resources calculated in 1988 by Dr. S. E. Malouf, then consulting\ngeologist, at 562,274 tons grading 0.22 oz Au/t. The Company is not treating\nthe historical estimate as current NI 43-101-defined resources and the\nhistorical estimate should not be relied upon.\n\n\nThe economics of Roxmark's future plans to reopen the Northern Empire to\nproduce gold and carry out underground exploratory drilling will benefit from\nthe availability of existing underground workings and of an upgraded, fully\npermitted onsite mill.\n\n\nPeter Bevan, consulting geologist and a qualified person under NI 43-101,\nhas calculated the resources of the Power and Contact Zones above the diabase\nsill to the second level (300 feet) only, as per NI 43-101, utilizing 2007 and\n2008 drilling results obtained on selected strike lengths of the mine. Based\non a cut-off grade of 3g/t and a minimum horizontal width of 0.92 metres,\nindicated and inferred resources for the limited drilled areas of strike\nlength of the Contact and Power Zones are as follows:\n\n\n-------------------------------------------------------------------------\n Tonnes Gold Gold Ounces\n g/t. oz/t. of gold\n-------------------------------------------------------------------------\n\n-------------------------------------------------------------------------\nPower (Indicated) - East Ext. 12,457 16.72 0.49 6,697\n-------------------------------------------------------------------------\nContact (Indicated) - East Ext 32,544 12.24 0.35 12,808\n-------------------------------------------------------------------------\nMine workings (Indicated) 41,651 7.69 0.22 10,298\n-------------------------------------------------------------------------\n\n--...

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