RX Exploration Announces Exploration Results at 100% owned Drumlummon Mine
19 Décembre 2011 - 1:15PM
PR Newswire (Canada)
TORONTO, Dec. 21, 2011 /CNW/ - RX Exploration Inc. (the "Company"
or "RXE") is pleased to update shareholders on its exploration
results and on-going exploration strategy. Since the previous
exploration press release in May 2011 approximately 48,000 feet
have been drilled in 185 holes. In mid-August 2011, the RXE
Board of Directors approved a US $3.5 million underground and
surface exploration plan for the Drumlummon Mine (the
"Mine"). Due to a lack of power for an additional drill, just
over US $2 million was spent over this period. The Mine and
surrounding claims have been largely unexplored for the last 100
years, and as such have never benefitted from basic modern
exploration techniques. Darren Blasutti, President and CEO of RXE
stated, "We started a new drilling campaign in August of this year
and we are extremely pleased with the results we've seen so
far. The exploration team, led by Jim Atkinson, has already
outlined two new areas of expected mine-able grade ore in the
Drumlummon Mine. Several exciting targets, all on RXE ground,
have been identified within close proximity of the Mine.
These discoveries give us great confidence in our ability to
identify new veins and new ore zones in 2012 and beyond."
Highlights Underground Drilling (approximately 36,375 feet) Ore
zones have been outlined in the Charly, the D Block, D Block South
of the Drumlummon, and the Xmas vein. These zones will be the
basis of the gold and silver resources calculation in the upcoming
NI 43-101 resource estimate. Further, detailed underground
drilling in the Drumlummon vein (Pixley and Empire areas) has
focused on locating ore grade gold and silver left behind by
previous mining which has supported test mining over the last five
months. Below are recent examples of intersections from the
Charly, DBlock, Drumlummon, Empire, North Star and Xmas veins which
show high grade assays, significant thickness and multiple
intersections in a single vein. All drilling results are
available on the Company's website.
______________________________________________________________
|Charly vein |Hole number|Footage |Total|Au Oz./ T|Ag Oz. /T|
|_______________|___________|________|_____|_________|_________| |
| DDH11-376 |152-164'| 12' | 0.185 | 2.25 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-376 |174-184'| 10' | 0.258 | 3.98 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-490 |322-326'| 6' | 0.325 | 0.48 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-379 |170-194'| 24' | 0.189 | 1.47 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-379 |202-204'| 2' | 0.124 | 6.26 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-379 |232-238'| 6' | 0.57 | 57.88 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-390 |202-226'| 24' | 0.337 | 1.59 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-489 |317-323'| 6' | 0.121 | 0.5 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-490 |296-304'| 8' | 0.133 | 0.23 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-490 |308-312'| 4' | 0.109 | 0.16 |
|_______________|___________|________|_____|_________|_________| |D
Block | DDH11-404 |113-115'| 2' | 0.762 | 1.4 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-404 |133-139'| 6' | 0.151 | 1.08 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-405 |106-110'| 4' | 0.267 | 1.38 |
|_______________|___________|________|_____|_________|_________|
|Drumlummon vein| DDH11-423 |114-138'| 24' | 1.336 | 1.41 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-424 | 34-38' | 4' | 0.132 | 0.58 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-425 |111-113'| 4' | 0.103 | 0.41 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-428 | 32-52' | 20' | 0.113 | 0.36 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-457 | 66-96' | 30' | 0.303 | 1.52 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-458 | 10-14' | 4' | 2.216 | 12.185 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-458 | 16-22' | 6' | 0.522 | 1.42 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-458 | 34-36 | 2' | 0.044 | 1.36 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-458 | 44-50 | 6' | 0.769 | 1.35 |
|_______________|___________|________|_____|_________|_________|
|Empire vein | DDH11-365 | 38-48' | 10' | 0.214 | 0.57 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-366 | 62-78' | 16' | 0.179 | 0.43 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-385 |254-258'| 4' | 0.335 | 1.52 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-386 |130-132'| 2' | 0.824 | 1.18 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-386 |220-222'| 2' | 0.102 | 0.26 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-386 |243-249'| 6' | 0.195 | 1.1 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-388 |127-129'| 2' | 0.166 | 0.45 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-388 |243-255'| 12' | 0.586 | 1.24 |
|_______________|___________|________|_____|_________|_________|
|Xmas vein | DDH11-496 |262-264'| 2' | 0.606 | 0.67 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-496 |331-339'| 8' | 0.76 | 1.24 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-496 |400-410'| 10' | 0.204 | 0.26 |
|_______________|___________|________|_____|_________|_________|
|Xmas/Drumlummon| DDH11-396 |123-125'| 2' | 0.17 | 1.33 |
|_______________|___________|________|_____|_________|_________| |
| DDH11-396 |188-196'| 8' | 0.182 | 2.38 |
|_______________|___________|________|_____|_________|_________|
Surface Drilling (approximately 11,360 Feet) Surface drilling has
discovered new ore zones in the North Star vein and a new zone of
mineralization in the footwall of the Drumlummon vein.
Drilling was initiated at the 9 Hour workings but quickly abandoned
due to poor ground conditions and inclement weather. This
will be an area of focus and followed up from underground in
calendar year 2012. Below are recent examples of
intersections from the North Star vein and Drumlummon Footwall
which will not be included in the upcoming NI 43-101 resource
estimate.
_____________________________________________________________
|Northstar vein|Hole Number| Footage |Total|Au Oz./T|Ag Oz./T|
|______________|___________|__________|_____|________|________| | |
DDH11-394 | 374-376' | 2' | 0.01 | 1.92 |
|______________|___________|__________|_____|________|________| | |
DDH11-394 | 869-873 | 4' | 0.502 | 0.55 |
|______________|___________|__________|_____|________|________| | |
DDH11-394 |1014-1016'| 2' | 0.308 | 0.51 |
|______________|___________|__________|_____|________|________| | |
RXS11-11 | 460-462' | 2' | 0.2 | 1.22 |
|______________|___________|__________|_____|________|________| | |
RXS11-13 | 517-529' | 14' | 0.158 | 0.32 |
|______________|___________|__________|_____|________|________| | |
RXS11-15 | 96-100' | 4' | 0.264 | 0.27 |
|______________|___________|__________|_____|________|________| | |
RXS11-15 | 280-282' | 2' | 1.312 | 0.32 |
|______________|___________|__________|_____|________|________| | |
RXS11-09 | 808-832' | 24' | 0.225 | 0.56 |
|______________|___________|__________|_____|________|________| |
|DDH-08-002 | 161-167' | 6' | 0.299 | 0.3 |
|______________|___________|__________|_____|________|________| |
|SDDH-08-007| 479-483' | 4 | 0.292 | 0.76 |
|______________|___________|__________|_____|________|________|
|Drumlummon FW | RXS11-04 | 798-811' | 13' | 0.605 | 0.6 |
|______________|___________|__________|_____|________|________|
Soil Sampling and Property Acquisition Soil samples were collected
every 100 feet along lines spaced 1200 feet apart on RXE claims
adjacent to the Drumlummon Mine. A total of 850 samples were
obtained with anomalous results for gold ranging up to 2.45 ppm
while large areas of gold, silver, antimony, copper and mercury
anomalies were also encountered. Staking has expanded the
number of claims to 230 and the Company has optioned a number of
additional claims in the area west of the Drumlummon mine and north
of Bald Butte. NI 43-101 Resource Estimate The new NI 43-101
compliant resource estimate remains on track for release in Q1,
2012. During the past five months: 1) AMEC Consultants
completed an audit of exploration procedures and operations; 2) Dr.
Barry Smee completed an independent audit of the Company's assay
lab; and 3) The current NI 43-101 resource estimate and technical
report was initiated by Wardrop (Tetra Tech). Drilling Results
Underground Drilling The exploration drilling program at the
Drumlummon Mine used two surface drills, one large and one smaller
underground drill. (See RXE website for the complete assay
table). Over 93,000 feet have been completed year-to-date
with roughly 48,000 feet completed since the May 2011 press
release. (See RXE website for all drilling information
completed to date). While the larger drills have been focused
on exploration and delineation drilling, the smaller CP65 drill has
been assisting the operations staff to identify and define areas
underground for mining. Since August 2011, underground drilling was
focused on the Charly vein to produce enough data at sufficient
drill spacing to allow the completion of a NI 43-101 resource
estimate and to provide information for block modelling and mine
planning. The drilling program has now been completed and the
data has been relayed to RXE's consultant, Dr. Robert Morrison of
Wardrop, who is preparing the NI 43-101 resource estimate.
Dr. Morrison completed a site visit and initial data review in
early November. Preliminary results of solids modelling have
been completed (see RXE website for ore zone solids). Further
drilling was focused on the Drumlummon and Empire veins. Ore
was discovered in the southern parts of Empire vein in proximity to
the Drumlummon vein. Test mining is on-going in this
area. Within the Drumlummon vein, exploration near previously
mined areas to investigate ore grade material left behind by
previous operators was successful. Ore was identified in
several pillars and in one large area called the D Block (see RXE
website for Drumlummon longitudinal and D Block
intersections). Computer modelling is being used to develop
ore blocks for mining and resource calculations in the D Block for
extraction in r 2012. Drilling also revealed economic grade ore in
the Xmas and St. Louis veins that will be followed up with further
exploration drilling in 2012. Currently, underground drilling is
focused on the Castletown vein which is close to the newly
constructed decline, allowing easy access for mining as sufficient
ore is outlined. Surface Drilling Surface drilling discovered a new
zone of mineralization in the footwall of the Drumlummon workings
which may be related to the St. Louis vein further to the
south. The drill testing of this area continues currently
from underground. Further surface drilling was concentrated on the
North Star vein where a dozen or so drill holes have intersected
ore grade gold mineralization at shallow depth (see RXE website for
longitudinal section of North Star vein) between the 400 and 700
Level (see highlight drill results in Highlights Section).
Additional drilling was planned but the program delayed due to the
onset of winter weather. The Company is expecting to access
the area of interest from existing underground workings. This
will be included in the 2012 exploration budget. Soil Sampling
During the late summer and fall, the Company completed a soil
sampling program in the area to the southwest of the Drumlummon
Mine (see RXE website for complete sample locations). Samples
of soil material were collected every 100 feet (30.5m) along lines
spaced 1200 feet (365m) apart. A total of 850 samples were
obtained and submitted for analysis at ALS Laboratories for a
series of indicator metals along with gold, silver and base metals.
The results of the surface soil sampling program have been returned
and the compilation of the results are continuing with significant
anomalous values for silver, gold, and indicator metals being
compiled for inclusion in the Company's GIS database.
Anomalous results for gold range up to 2.45 g/t while large areas
of silver, antimony, copper and mercury anomalies were also
encountered (see RXE website for complete soil results).
Certain soil anomalous values detected to date have been correlated
with known mineralized veins but there are several anomalies that
have no known veins associated with them. These will be
targets for follow-up in the 2012 exploration plan. An area
of particular interest is a large anomaly for gold, silver and
indicator metals along the strike to the northeast of the
Drumlummon Mine. This area has only been briefly explored and
mineralized quartz veins have been discovered but the onset of
winter conditions have hampered detailed follow-up. Subsequent work
in the areas of greatest anomalous values will consist of
additional soil sampling, prospecting and geological mapping
followed by trenching and drilling, if warranted. Property
Acquisition RXE has expanded the property ownership in the
Drumlummon Mine/Marysville area through staking and entering into
option agreements. Staking has expanded the number of claims
to 230 and in addition, the Company has optioned a group of claims
in the area west of the Drumlummon Mine and north of Bald Butte
called the Penobscot Extension. The claims are in the area of
the former gold producing Penobscot Mine. The area does not
have good bedrock exposure and has not been the subject of detailed
exploration in the past. The property is of interest not only
for its proximity to the former producer but also because former
soil sampling had identified gold anomalies in this area. The
Company is negotiating with several other property owners in the
Marysville area who have mining claims and reviewing opportunities
in other areas of Montana and beyond. Geological Mapping RXE crews
have completed a detailed geological map of the Drumlummon mine
area to assist in the understanding of ore controls at the Mine and
in the area (see RXE website for geology map). The
relationship of the Drumlummon vein to the contact between the
Marysville Pluton and the surrounding sedimentary rocks is obvious
but there are known veins at the Drumlummon Mine and elsewhere
which are either completely within the intrusive or completely
within the sedimentary units. Significantly, the geological
mapping identified two new intrusives in an area which had not been
previously detailed. Ongoing geological research is being completed
to identify if these are younger intrusives or part of the known
Marysville Pluton. The geological work will need to be
expanded this upcoming summer to cover areas of anomalous soil
values and to further understand and define the structural controls
in the area of the Mine. The Company has commissioned a study of
the fluid inclusions in various veins at the Drumlummon Mine in an
attempt to identify any zoning of the mineralization. The
results of this study will assist in determining the potential
depth extent of the mineralization and will be useful to identify
if known or newly discovered veins have potential at greater depth
or along strike. 2012 Exploration Plan The 2012 exploration program
and corresponding budget (to be approved in January 2012) will also
include underground and surface diamond drilling, follow-up soil
sampling, trenching, geological mapping and sampling, and an
airborne survey. Underground drilling is expected to be focused on
the area of RXE ground between the Drumlummon and 9-Hour workings
formerly known as "The Contested Ground". Very little
exploration has ever been carried out in this area as it was the
subject of an extended historic court battle between the former
owners in the late 1800's. RXE plans to rehabilitate the 400
Level of the Drumlummon which extends into this area and use that
as a platform to drill from underground. Since the area is
over 1500 feet in length, it is anticipated that between 40 and 50
holes will be required to properly explore the area from the
surface to the 700 foot level. Other areas of potential for
exploration from underground include the Jubilee area of the
Drumlummon vein, the Northstar vein, the northern extension of the
Drumlummon vein, the Castletown vein and other areas of interest
which are identified. Surface drilling will be focused on the
9-Hour workings, the northern and southern extensions of the
Drumlummon vein, and the shallow extensions of other known
veins. There will be drilling on the Penobscot Extension
property and on other properties which are in the process of being
acquired. The soil geochemical anomalies detected in the 2011
program will be followed-up with detailed sampling, trenching and
drilling as appropriate. In addition, the soil sampling grid
will be extended to the north of the Drumlummon Mine to further
explore the area of anomalous gold and indicator metals found in
that area. RXE will conduct an area-wide airborne survey which will
include magnetic, electromagnetic and spectroscopic methods.
These types of surveys will assist in the geological interpretation
of the area and assist in "connecting" known and newly discovered
veins. Qualified Person and Quality Assurance The exploration drill
results disclosed in this press release were approved by Jim
Atkinson, the Vice President, Exploration of the Company and a
Qualified Person in accordance with NI 43-101. Cautionary Statement
Regarding Forward Looking Information This press release contains
"forward‐looking information" within the meaning of applicable
securities laws. Forward‐looking information includes, but is not
limited to, the Company's expectations, intentions, plans, and
beliefs with respect to, among other things, the Drumlummon
property. Often, but not always, forward‐looking information
can be identified by forward‐looking words such as "anticipate",
"believe", "expect", "goal", "plan", "intend", "estimate", "may",
and "will" or similar words suggesting future outcomes, or other
expectations, beliefs, plans, objectives, assumptions, intentions,
or statements about future events or performance. Forward‐looking
information is based on the opinions and estimates of the Company
as of the date such information is provided and is subject to known
and unknown risks, uncertainties, and other factors that may cause
the actual results, level of activity, performance, or achievements
of the Company to be materially different from those expressed or
implied by such forward looking information. This includes the
ability to develop and operate the Drumlummon property, risks
associated with the mining industry such as economic factors
(including future commodity prices, currency fluctuations and
energy prices), failure of plant, equipment, processes and
transportation services to operate as anticipated, environmental
risks, government regulation, actual results of current exploration
activities, possible variations in ore grade or recovery rates,
permitting timelines, capital expenditures, reclamation activities,
social and political developments and other risks of the mining
industry. Although RXE has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward‐looking information, there may be other
factors that cause results not to be as anticipated, estimated, or
intended. Readers are cautioned not to place undue reliance on such
information. By its nature, forward‐looking information involves
numerous assumptions, inherent risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, and projections of various future events
will not occur. The Company undertakes no obligation to update
publicly or otherwise revise any forward‐looking information
whether as a result of new information, future events or other such
factors which affect this information, except as required by law.
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. On Behalf of the Board Darren Blasutti President and
CEO 416‐848‐950303 RX EXPLORATION INC. CONTACT: Darren
BlasuttiPresident and CEO416‐848‐9503
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