Merrex Gold Inc. is a Canadian-based mineral exploration company headquartered in Bedford, Nova Scotia. Since it’s formation through the reverse takeover of Merrex Resources Inc. by Jubilee Minerals Limited (a privately held company), Merrex has accumulated a diversified portfolio of quality gold and base metal properties in West Africa, Canada, and Turkey, and trades on the TSX Venture exchange under the symbol MXI.
Merrex’s flagship property and primary focus is the advanced Siribaya Gold Project , located in the prolific West Mali Gold Belt. Current annual production from this belt is in excess of 1.5 million ounces of gold.
Merrex's President and CEO, Greg Isenor (P.Geo), was formerly the President and CEO of Jilbey Gold Exploration, and is responsible for the discovery of the Bissa gold deposit in Burkina Faso. According to High River Gold, who took over Jilbey in August 2005, Bissa contains 43-101 compliant resources of more than 1.3 million ounces of gold. The same experienced team responsible for the Bissa discovery and the subsequent takeover by High River is now running Merrex.
Going forward, Merrex will focus 100% of its efforts on Siribaya. In order to facilitate this, Merrex’s strategy calls for the divestiture of all non-core assets into a new corporation, shares of which will be distributed among Merrex’s existing shareholders.
AI
