Zinc

[Tackler]

Merrex drills 2.7 m of 20.16% Zn plus Pb at Jubilee

2007-05-29 09:46 MT - News Release

Mr. Greg Isenor reports

MERREX INTERSECTS 20.16% ZINC + LEAD OVER 2.7 METRES; NI 43-101 RESOURCE ESTIMATE COMMISSIONED

Merrex Gold Inc. is releasing further very positive drilling results from its Jubilee zinc property in Cape Breton, N.S.

Jubilee drill results summary

"Further diamond drilling results have been received from the Jubilee drilling program and we are extremely pleased with the spectacular intersection of zinc-lead mineralization in drill hole MJ07-17A," stated Gregory Isenor, Merrex president and chief executive officer. "The drilling at Jubilee continues to report significant numbers while both extending the length of the main Jubilee mineralized zone and increasing the size of the Jubilee zinc deposit." These results are significant providing further evidence of the continuity of Jubilee showing-type grade mineralization in the deposit.

Merrex is aggressively exploring its Jubilee zinc property with a 20,000-metre diamond drilling program. The program, which commenced late last year, is designed to further define the extent of the zinc/lead mineralization. Step-out drilling in the main mineralized zone has to date extended the length of the mineralized Jubilee zone to total length of two kilometres. At present, two drill rigs are working on the property and a third rig will be located 1,000 metres northwest across St. Patrick's Channel to test for the strike extension of the Jubilee zinc deposit in that area.

A mineral resource estimate for the Jubilee zinc deposit compliant with Canadian Institute of Mining, Metallurgy and Petroleum standards on mineral resources and reserves definitions and guidelines as well as National Instrument 43-101 has been commissioned and will incorporate historic results plus all of the 2006 and the 2007 results available by end June, 2007.

Assay highlights from the program are as follows:

- 20.16 per cent zinc plus lead over 2.70 metres;

- 41.39 per cent zinc plus lead over 1.20 metres;

- 9.22 per cent zinc plus lead over one metre;

- 3.15 per cent zinc plus lead over 1.05 metres; and

- 3.14 per cent zinc plus lead over 3.40 metres.

Jubilee drill results

Significant assay results for the most recently received drill holes are detailed in the accompanying table (for Merrex's 2006 drilling results visit its website). A map of the most recent results will be posted on the company website.

 
  
                             ASSAY SUMMARY TABLE 
  
                 From      To      Interval           Weighted average 
 Hole             (m)      (m)        (m)      Zn %       Pb %    Pb % + Zn % 
                                                 
 MJ-07-13      463.70    467.10      3.40      3.09      0.05        3.14 
 Including     463.70    464.55      0.85      4.92      0.03        4.95 
 And           465.50    465.80      0.30      4.51      0.07        4.58 
 And           466.55    467.10      0.55      8.90      0.18        9.08 
 MJ-07-15A     460.25    460.65      0.40      2.77      0.69        3.46 
 MJ-07-15A     462.90    463.25      0.35      3.25      0.02        3.27 
 MJ-07-17A     455.75    458.45      2.70     19.89      0.27        20.16 
 Including     456.65    457.85      1.20     41.04      0.35        41.39 
 MJ-07-18      478.85    479.85      1.00      6.17      3.05        9.22 
 Including     478.85    479.30      0.45      8.07      6.24        14.31 
 MJ-07-18      483.95    485.00      1.05      3.04      0.11        3.15 
 Including     483.95    484.40      0.45      4.55      0.18        4.73 
 

Michael Cullen, PGeo, of Mercator Geological Services Ltd., is supervising the drilling program on behalf of Merrex. Mr. Cullen is an independent third party and the qualified person, as defined under National Instrument 43-101, responsible for technical information presented in this news release. Analysis of half core samples was carried out by ALS Chemex and Merrex's independent quality control and quality assurance protocol