TORONTO, Jan. 13 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today announced that its 2009 field program, including a minimum of 5,000 metres of diamond drilling, will concentrate on proving additional gold resources at its Northern Empire Gold Mine and Nortoba-Tyson properties, both of which are on the doorstep of the Company's Northern Empire mill, located in Beardmore, Ontario.
Further details of the Beardmore Camp program, which will also include geological mapping, channel sampling and other surface work, is awaiting interpretation of a recent High-Resolution Aeromagnetic (HRAM) Survey completed by Firefly Airborne Surveys on Roxmark's Northern Empire Gold Mine, Nortoba-Tyson and Key Lake properties. A total of 1,983 line-km of airborne magnetic survey with a spacing of 50 metres was covered by fixed wing aircraft and G-822A Cesium Magnetometer. Based on preliminary results, the survey has outlined several anomalies that warrant follow-up using knowledge gained from previous drilling. A further announcement will be made when the data is available.
The 2009 field program will be funded by $1.35 million in flow-through financing generated late last year.
Roxmark previously issued an NI 43-101 compliant technical report by independent geologist Peter Bevan dated November 2008 which outlined 86,652 tonnes grading 10.70g.Au/t containing 29,807 ounces of Indicated Gold Resources; and 64,748 tonnes grading 9.95g.Au/t containing 20,719 ounces of Inferred Gold Resources, at shallow depths over a limited drilled strike length of the Contact and Power Zones. The Company's news releases of October 2 and November 14, 2008 describe both resources and potential in detail.
Only the top 100 metres have been drill tested at the Contact Zone, in a system known to host good gold mineralization to a depth of more than 600 metres. According to the report, historical production on veins that were open at depths of 2,075 feet provides conceptual evidence that substantial additional potential exists in the Contact Zone and parallel structures far below the diabase sill. Peter Bevan, P. Eng., consulting geologist is the qualified person under NI 43-101.
"We remain convinced that early underground development at the Northern Empire will be economically attractive," said Monir Younan, Roxmark President. "Our objective for 2009 is to explore other zones on the property which could add to our resource base."
"Previously announced 2008 exploration results on our Nortoba-Tyson gold/molybdenum property were also encouraging," Younan added. "However, drilling was limited to a few holes on which we will be following up, based on our interpretation of last year's data."
Premier-Roxmark Joint Venture
On December 22, 2008, Premier Gold Mines Limited announced that it has closed the acquisition of additional mining in the Geraldton Camp. The project which was known as the Geraldton Project has been named the Hardrock Project and is located in the heart of the Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past few decades. In 2009, Premier will conduct a major $8 million exploration program on Hardrock Project properties.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
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