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Up to 2,870 g/t across 0.30 metres - Roxmark reports on Hardrock Project joint venture: drilling by Premier intersects high-grade gold
TORONTO, Feb. 27 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today reported on progress of th...
About this update from Atlas Salt Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 27 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today\nreported on progress of the drilling program being carried out on the Hardrock\nProject in Geraldton, Northwestern Ontario. The Project is being operated by\nPremier Gold Mines Limited (TSX-PG) under a joint venture agreement in which\nRoxmark has a 30% carried interest.\n\n\nThe $8 million program consists of more than 50,000 metres of definition\nand exploration drilling, leading to a NI43-101 compliant gold resource in\n2009. Premier is currently utilizing four drills to test several targets.\n\n\nResults obtained from the zones are as follows:\n\n\nEP-Zone:\n\n\nThe EP-Zone has been identified as a potential high-grade open pit target\nin the vicinity of the historic North Zone, from which 2.97 million tonnes of\nore were mined at a grade of 7.54 grams per tonne gold (g/t Au). Initial\ndrilling has identified 3 sub-zones within the EP target consisting of the\nSouth Limb, North Limb and HGV horizons. Significant mineralization has been\nintersected in the first nine holes within all three horizons including\n11.83g/t Au across 11.4 metres in the South Limb, 2.24 g/t Au across 21.0 m in\nthe North Limb, and 2,870.00 g/t Au across 0.3 metres within the HGV horizon.\n\n\nThe following tables demonstrate the potential of the EP-Zone and include\nhistoric results that help to highlight the mineralization within each horizon\nintersected in limited previous drilling in the area. Note that true widths of\nthe intercepts are estimated at approximately 70% of the intervals provided.\n\n\nHGV Subzone Results in EP-Zone\n-------------------------------------------------------------------------\nHOLE ID FROM TO INTERVAL GRADE Au ZONE\n (m) (g/t)\n-------------------------------------------------------------------------\nEP001 32.3 34.5 2.2 9.57 HGV\n-------------------------------------------------------------------------\nEP008 26.8 27.1 0.3 2870.00 HGV\n-------------------------------------------------------------------------\nH3 25.0 26.0 1.0 6.73 HGV\n-------------------------------------------------------------------------\nH8 28.0 30.1 2.1 15.74 HGV\n-------------------------------------------------------------------------\n\nSouth Limb Subzone Results in EP-Zone\n-------------------------------------------------------------------------\nHOLE ID FROM T...