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Message: Confirms Significant Gold and Silver Values Remain, "D" Block of Drumlummon Mine
| May 12, 2009 | |
| RX Confirms Significant Gold and Silver Values Remain in "D" Block of Drumlummon Mine | |
|
TORONTO, ONTARIO--(Marketwire - May 12, 2009) - RX Exploration Inc. (CNSX:RXE) (the "Company") is pleased to report very significant assay results from core holes drilled from both the hanging wall and footwall of the Drumlummon/Castleton structural zone (DCSZ) in the "D" Block area of the Drumlummon Mine. The Company previously reported (News Release March 24, 2009) that its current focus of exploration was on the "D" Block and that in the 1980's, prior operators reported the presence of 160,000 tons of mineralized material in "D" Block, below the 400 foot level, grading 0.4 oz/ton gold and 4.0 oz/ton silver. These figures are historical in nature, are not 43-101 compliant, and should not be relied upon by investors. The Company also reported that sludge samples recently collected from "jack-leg" percussion holes drilled into "D" Block at the 400 foot level over a strike length of 115 feet yielded significant gold and silver values. The current program was initiated to follow-up on the good assay results from those holes which were drilled from the main footwall drift into the footwall of the Drumlummon vein stopes (workings) in this area. The core retrieved in both the hanging wall and footwall of these old workings yielded high values in both gold and silver in the mineralization left behind in the walls of the old workings. Following are the latest significant assay results: Intersection Gold Silver
Hole From (ft) To (ft) Length (ft) Au oz/ton Ag oz/ton
---- --------- ------- ------------- --------- ---------
09-72 19 51 32 0.350 9.38
incl. 45 51 6 1.526 46.65
incl. 45 47 2 3.246 134.1
09-74 44 61.5 17.5 0.254 1.36
09-75 72 102 30 0.208 0.57
and 124 132 8 0.431 1.01
09-76 14 16 2 0.158 0.87
and 22 26 4 0.106 0.81
and 36 39 3 0.162 3.32
09-77 18 19 1 3.032 9.11
09-78 14 16 2 0.180 22.08
and 18 19 1 5.200 2.84
09-80 14 20 6 0.645 5.017
incl. 16 18 2 1.550 11.55
09-81 14 16 2 1.364 2.37
09-82 14 16 2 1.130 1.44
09-83 41 43.5 2.5 0.244 4.81
09-85 40 44 4 0.117 5.58
and 68 74 6 0.272 1.14
incl. 70 72 2 0.580 0.91
and 80 82 2 0.234 0.50
09-86 46 48 2 0.580 16.83
and 56 58 3 1.060 51.38
incl. 57 58 1 2.976 146.29
09-87 29 31 2 0.692 6.12
and 66 86 20 0.513 4.23
incl. 72 74 2 1.186 4.53
incl. 80 82 2 1.706 28.47
09-88 34 36 2 2.248 7.23
and 52 54 2 2.356 7.72
and 66 88 22 0.487 2.63
incl. 66 82 16 0.624 3.28
Mike Gunsinger, the Company's Director of Underground Operations observed that "the original operators of the mine (who lost the mine after 20 years of litigation) used mercury amalgamation to recover the gold, a practice commonly used at that time. As a result, it appears they intentionally left behind most of the gold which was associated with areas of higher grade silver as the silver would hamper the gold recovery." Hole collar locations and orientations have been designed to provide 25 foot spacing in the mineralized zones to enable the Company to develop National Instrument 43-101 compliant resource calculations at the earliest possible time. This will add to the previously reported NI 43-101 compliant resource calculations of material discovered in the Charly vein, located in virgin ground 350 feet out into the hanging wall of the DCSZ, and enhance an early production decision. The DCSZ strikes approximately N 17 E and dips easterly at 67 degrees. The present drill program is utilizing a compressed air powered underground diamond drill, (Model CP-65 drilling AW34 sized core). Three drill stations, on 80 foot centers, have been driven westerly from the main drift on the footwall side of the DCSZ. Another drift has been driven on the opposite (east) side of the DCSZ, with 5 hanging wall drill stations established to date. These underground development headings have provided close access, on both sides of the old workings. All drill core is logged and cut in half with diamond saw or core splitter. One half is bagged and shipped to Norris Lab in Norris, MT, while the other half is archived and stored on site. For QC/QA purposes standards and blanks are randomly inserted into the sample stream. Selected samples are sent to ALS Chemex Lab, Reno, NV for verification assaying. L. Joseph Bardswich, P.Eng. (Mining)(Ontario) is the qualified person responsible for providing the technical details contained in this press release. RX Exploration Inc. is a reporting issuer in good standing in the Province of Ontario whose shares are listed on CNSX (Symbol: RXE). There are currently 59,809,078 common shares issued and outstanding. |
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