ONTARIO - ROXMARK MINES of Toronto says its independent geologist recommends an underground exploration drilling program as the next step toward reopening its Northern Empire gold mine near Beardmore, 200 km northeast of Thunder Bay. The most recent NI43-101 report put indicated resources at 45,001 tonnes grading 13.49 g/t Au and inferred resources at 11,176 tonnes grading 16.33 g/t Au.
The geologist, Peter Bevan, recommends that underground drilling be done west of the shaft. He has also proposed a surface diamond drill program to test the western part of the Contact zone. Underground development of two vein structures to produce a bulk sample should be conducted in order to produce a feasibility study. Total cost of the work would be over $12.3 million.
The Northern Empire mine was operated successfully by NEWMONT MINES from 1934 to 1941 and was serviced by a shaft to a depth of 230 metres, producing 149,000 ounces of gold from 386,000 tonnes of ore at a recovered grade of 12.0 g/t Au. The onsite 180-t/d mill (expandable to 450-t/d) was built in 1982 and upgraded and
permitted by Roxmark. It processed gold and molybdenum ores in 2005 and 2006,
respectively.
A property location map is posted at www.Roxmark.com.
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