RX Exploration Intersects 504.8 g/t Gold and 4,370 g/t Silver over Half a MetreLast update: 3/30/2011 9:04:00 AMWINNIPEG, Manitoba, Mar 30, 2011 (BUSINESS WIRE)
-- RX Exploration Inc. (CA:RXE) (otcqx:RXEXF) ("RX Exploration" or the "Company") is pleased to announce results from two additional underground drill holes that have intersected high-grade gold and silver mineralization in the D-Block zone and five holes from the D Block South zone at its 100%-owned Drumlummon Mine Montana. (In this release "g/t" means grams per tonne, "opt" means ounces per ton.)
A narrow but very high-grade mineralized zone was intersected within the D-Block zone. Drilling indicates that this stringer-style, bonanza grade mineralization is hosted within a wider zone of mineralized material. Assay results from drill holes 11-249 and 281 are outlined in the following table.
Hole From To Interval Gold Silver Estimated Number True Width--------- ---- ---- --------- ------------ ------------- --------- D-Block (ft) (ft) (ft) (m) (opt) (g/t) (opt) (g/t) (ft) (m)--------- ---- ---- ---- ----- ------ ------ ------ ------- ---- ----- 11-249 70 104 34 10.36 0.221 7.58 1.53 52.46 34 10.36--------- ---- ---- ---- ----- ------ ------ ------ ------- ---- ----- 11-281 84 100 16 4.88 1.959 67.17 18.22 624.69 13.3 4.05--------- ---- ---- ---- ----- ------ ------ ------ ------- ---- ----- including 84 86 2 0.61 14.724 504.82 127.46 4370.06 1.7 0.52--------- ---- ---- ---- ----- ------ ------ ------ ------- ---- -----Drilling is also continuing on the D-Block South zone from Drill Station 12. Please refer to the diagram "Drill Plan Map" for drill station and target locations. Highlights of recently completed D-Block South holes are in the following table.
Hole From To Interval Gold Silver Estimated Number True Width------------- ---- ---- --------- ---------- ----------- -------- D-Block South (ft) (ft) (ft) (m) (opt) (g/t) (opt) (g/t) (ft) (m)------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- 11-298 104 140 36 10.97 0.322 11.04 1.71 58.63 29.1 8.87------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- including 116 122 6 1.83 1.255 43.03 14.43 494.74 4.9 1.49------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- 11-300 94 120 26 7.92 0.236 8.09 0.96 32.91 24.7 7.53------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- 11-305 114 134 20 6.10 0.16 5.49 0.465 15.94 16.1 4.91------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- 11-308 80 84 4 1.22 2.789 95.62 15.38 527.31 3.2 0.98------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- 11-311 106 136 30 9.14 0.264 9.05 1.3 44.57 26.7 8.14------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ---- incl. 130 134 4 1.22 0.941 32.26 3.2 109.71 3.6 1.10------------- ---- ---- ---- ----- ----- ----- ----- ------ ---- ----
These new assay results from the D-Block South zone, combined with earlier results announced in the news release dated March 15, 2011 continue to expand the size of the D block South zone. "So far, the drill program in the D-Block South area has outlined a mineralized zone measuring 100 ft long, 20-to-30 ft wide and 100-to-150 ft down dip and grading in excess of 0.15 opt gold and 1 opt silver," commented Murray Nye, President of RX Exploration. "Our mining engineers believe that this mineralized zone could be easily mined by long-hole methods. Current underground development is within 100 ft of the D-Block South zone on two separate levels allowing easy access to this potential resource. D-Block and D-Block South are part of the main Drumlummon vein system that was originally mined in the late 1800's. In the 1980's previous 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. RX Exploration has been drill testing the D-Block, D-Block South, Xmas and Charly vein systems from drill stations 9, 10, 11, and 12 as part of an ongoing 70,000 ft. underground drilling campaign. The current drill program will allow the company to update its NI-43-101 resource estimate which at the moment only outlines resources in the Charly Vein. Additional results will be released as they become available. Quality Control/Quality Assurance (QC/QA) Drill core is logged, photographed, and cut in half with a diamond saw. One half is fire assayed in the on-site lab, or at Mt. Powell Lab, Deerlodge, MT; the other half is archived and stored on site. For QC/QA purposes standards, blanks, and repeats are randomly inserted into the sample stream. Selected samples of pulps and rejects are sent to ALS Chemex Lab, Reno, NV for verification assaying. Chemex assay results of duplicates have confirmed the accuracy of the assay results from the on-site lab on a continuing basis. L. Joseph Bardswich, P.Eng. (Mining) (Ontario) is the qualified person responsible for reviewing the technical details in this press release for content and accuracy. About RX Exploration RX Exploration Inc. is a gold exploration company whose strategy is to re-examine gold and silver projects within North America that have previously reached advanced exploration, underground development or past gold or silver production. The Company is currently focused on re-starting production from its Drumlummon Mine, a past producing high-grade, bonanza-type, epithermal underground gold and silver mine in Montana. Ore from a test mining program was trucked to and processed in a leased mill located in Philipsburg, Montana in the May to December, 2010 period. The Company's shares are listed on TSX-V (symbol:RXE) and on the OTCQX (symbol:RXEXF). There are 159,942,605 common shares issued and outstanding. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the Company's anticipated operational plans and activities including its plans to conduct additional surface and underground diamond drilling. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding its ability to complete its development work as expected. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's continued development work, technical, safety or regulatory issues. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law SOURCE: RX Exploration Inc.
RX Exploration Inc. Murray R. Nye, President (204) 989-2434 Copyright Business
News 
Market Data 
Discover 
AI
