RX Exploration Commences New Decline at Drumlummon
Mining Contractor Wins Safety Award
November 4, 2010
Winnipeg, Canada ? RX Exploration Inc. (TSX-V: RXE) (OTCQX: RXEXF) (?RX Exploration? or the ?Company?) has commenced the construction of a new main decline to access the 600 level of the Drumlummon Mine, Marysville, Montana.
The new decline has been collared on the northern slope of Drumlummon Ridge, 1,200 feet east of the Maskelyne Tunnel portal, the mine?s current access point. The new decline will measure 12 feet high x 15 feet wide, and will be driven at a slope of -7.6% for a distance of 1,760 feet in a southerly direction. The new decline is designed to pass beneath old workings on the Castleton Vein, and then flatten out on the 600 level to connect with the interior ramp currently being driven northerly from the area of the Charly Vein. The new decline is expected to be 2,485 feet long once completed.
The new decline will provide a secondary access/escape-way into/from the new Charly Vein workings, provide an additional airway option for ventilation and allow access for larger equipment. This will increase efficiencies and eliminate the multiple handling of ore and waste as is presently required when using the Maskelyne Tunnel access. The Company estimates that this new decline will provide the capacity to remove about 1,500 tonnes per day of mill feed or waste rock. In addition, drill stations can be built along the decline to drill test unexplored portions of the Drumlummon, Frankie and Empire Veins.
New Millennium Mining Contracting LLC (?New Millenium?), the Drumlummon Mine Operator, will excavate the new decline. On October 27, 2010, New Millennium was awarded the 2009 Sentinel of Safety Award, sponsored by the federal Mine Safety and Health Administration (?MSHA?), for its work at the Drumlummon Mine. New Millennium was the State of Montana winner and National runner-up in the category of small underground metal/non-metal mines.
?RX Exploration extends its congratulations to New Millennium and to its employees for winning the 2009 Sentinel of Safety Award? said RX Exploration?s President Murray Nye.
L. Joseph Bardswich, P.Eng. (Mining) (Ontario) is the qualified person responsible for reviewing 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 projects within North America that have previously reached advanced exploration, underground development or past gold 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 current test mining program is being trucked to and processed in a leased mill located in Phillipsburg, Montana.
For further information please contact:
Murray R. Nye, President
(204) 989-2434
The Company?s shares are listed on TSX-V (Symbol: RXE) and on the OTCQX (Symbol: RXEXF). There are 129,889,931 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 drive a new decline to the 600 level for a planned total distance of 2,485 feet.
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
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