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DEVELOPMENT OF A MAJOR GOLD RESOURCE at the 840 square kilometre Siribaya Gold Project in Mali, West Africa

Message: Merrex Gold - Drilling Starts at Siribaya Gold Project, West Mali


(via Thenewswire.ca)


11, 2014 / Greg Isenor, President and CEO of Merrex Gold Inc., ("Merrex") (TSX Venture: MXI) announces:

Drilling Starts at Siribaya Gold Project, West Mali

Drilling operations have begun at the Siribaya Gold Project in West Mali. The first phase of RC drilling is on the Diakha prospect on the southern extension of the Fekola-Boto trend. The driller is Amco Drilling (UK) Limited, a leading provider of drilling services across West Africa.

About the 2014 Exploration Program

The 2014 exploration plan includes 30,250 metres of drilling budgeted at US$1.75 million and is designed to test priority targets identified by geochemical termite sampling. Greater emphasis will be placed on targets occurring within the western permits (Kambaya and Siribaya West), while those located further east will be further refined and prioritized (Kofia to Diarindi).

Summary details of the 2014 exploration plan are as follows.

- Termite mound infill sampling to 100m x 100m centres over the Diakha prospect and over a possible northeast striking mineralized structure on the Kambaya permit.

- 7,750 metres of RC drilling over the Diakha and Kono prospects.

- 10,000 metres of AC drilling initially at Kono with additional AC drilling to test the Hafia, Liberta and Guia geochemical anomalies.

- 12,500 metres of shallow auger drilling over gold geochemical anomalies and trends located in the eastern half of the project area.

- Complete geological mapping over Diakha and Kono.

The Siribaya camp is open with crews currently engaged in geological mapping and geochemical sampling. IAMGOLD is funding the US$1.75 million 2014 program and has agreed to extend the payment deadline for all joint venture exploration contributions to December 31, 2014 providing Merrex with additional time to finance.

About Merrex's Siribaya Gold Project

The Siribaya Gold Project is a 50/50 joint Merrex-IAMGOLD advanced-stage gold exploration project in West Mali comprised of approximately 910 square kilometres of gold-prolific exploration permits and permit applications pending. Exploration of the Siribaya Gold Project is conducted under a joint management committee. Expenditures to date on the Siribaya Project total approximately $37 million.

The Siribaya Gold Project presently hosts a NI 43-101 compliant gold resource estimated at 303,900 ounces grading 2.34 g/t Indicated, and 301,400 ounces grading 2.17 g/t Inferred (July 31, 2012 ACA Howe International Limited); the deposit areas are open to the north, south and at depth. Numerous other gold-anomalous target areas have been identified by geochemistry and require drilling.

Gregory P. Isenor, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.

Merrex is primarily a West African focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a JV partner and an expanding gold resource.

For further details about the Company's exploration activities or to view the most recent corporate
presentation visit Merrex's website at

[email protected]


On Behalf of the Board

Gregory Isenor, P.Geo.
President & CEO

Merrex Gold Inc.

Suite 802, 1550 Bedford Highway, Bedford, NS B4A 1E6
Tel.: (902) 832-5555 Fax: (902) 832-2223

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