Standard & Poor's Initiates Factual Stock Report Coverage on RX Exploration, Inc.
13 Décembre 2010 - 3:00PM
Business Wire
Standard & Poor’s announced today that it has commenced
Factual Stock Report coverage on RX Exploration, Inc.
RX Exploration (TSX: RXE, (OTCQX: RXEXF) is a gold exploration
company which 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. In November
2010, RX Exploration reported that ore from a current test mining
program was being trucked to and processed in a leased mill located
in Philipsburg, Montana.
The company's flagship project, the Drumlummon Gold and Silver
Mine, is located near Marysville, Montana. The mine has never been
fully exploited or explored and material that was once considered
waste is now potentially economic. In addition, the company has
discovered a series of entirely new high-grade gold and silver
veins that remain open for expansion in all directions.
The governmental permits required to proceed with restarting
operations have been obtained by RX Exploration, and the company is
proceeding with dewatering and is test mining and milling,
approaching a rate of 300 tons per day.
NI 43-101 compliant inferred resources on the Charly Vein system
at the Drumlummon Mine amount to 155,518 tons averaging 0.45 ounces
per ton (15.4 grams per ton) gold and 12.3 ounces per ton (421
grams per ton) silver. The resources contain 70,703 ounces of gold
and 1,915,560 ounces of silver.
Historical resources at the mine's D-Block zone amount to
potentially 160,000 tons of mineralized material, below the
400-foot level, grading 0.4 ounces per ton (13.7 grams per ton)
gold and 4.0 ounces per ton (137 grams per ton) silver.
S&P Factual Stock Report coverage on RX Exploration, Inc
will also be accessible on an ongoing basis to the investment
community by scores of buy-side institutions and sell-side firms
that utilize S&P research and information platforms daily.
Millions of self-directed investors also have access to the report
via their e-brokerage accounts. Please visit www.rxexploration.com
for additional information.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research
coverage enabling information about RX Exploration, Inc. and
other securities to reach a wide investor audience of Buy and
Sell-side investors, helping them understand a company’s
fundamentals and business prospects. Currently profiling over 500
issuers, S&P Factual Stock Reports increase market awareness
for issuers in the investment community with insightful commentary
and key statistics/information. Updated weekly with the latest
pricing, trading volume, and other data, the reports include recent
developments, a financial review, key operating information,
Industry and peer comparisons, institutional holdings analysis,
Street Consensus and opinions, performance charts, business
summary, fundamental data, and news. Because coverage of these
reports is sponsored by the issuer, S&P does not offer
investment opinions concerning the advisability of investing in
these stocks.
Standard & Poor’s Factual Stock Reports are produced
separately from any other analytic activity of Standard &
Poor’s. Standard & Poor’s Factual Report research has no access
to non-public information received by other units of Standard &
Poor’s. Standard & Poor’s does not trade on its own
account.
Note: All U.S. and Canadian Companies listed on a National
Exchange (not covered by S&P’s STARS research) are eligible to
obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies
(NYSE: MHP), is the world's foremost provider of financial market
intelligence, including independent credit ratings, indices, risk
evaluation, investment research and data. With approximately 10,000
employees, including wholly owned affiliates, located in 23
countries, Standard & Poor's is an essential part of the
world's financial infrastructure and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit
http://www.standardandpoors.com.
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