NEWS RELEASE
December 3, 2007
Trading Symbol: TSX-V: MXI
Merrex Intersects 4.18 g/t over 17 metres at Siribaya Gold Project
in West Mali, West Africa
_________________________________
HALIFAX, NOVA SCOTIA --(Marketwire – December 3, 2007) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) is pleased to release drill results for the first 15 holes of the Phase II diamond drill program at Merrex’s Siribaya Gold Project in West Mali.
Commentary
“The Phase II diamond drill program at Zones 1A and 1B of Merrex’s Siribaya Gold Project continues to yield promising results” commented Merrex President and CEO Greg Isenor, P. Geo. Results from the first 15 holes of the Phase II program include:
Zone 1B
2.05 g/t over 30 m
4.83 g/t over 9 m
9.68 g/t over 3.5 m
Zone 1A
4.18. g/t over 17 m
4.97 g/t over 5 m
2007 Phase II Drill Program
Drilling continues to test the depth, strike and plunge of the mineralized zones. The interpretation of the assay results released to date and a map of the hole locations will be released as soon as the analysis of the data are complete.
Please visit our website at www.merrexgold.com for full details of the exploration history of the Siribaya Gold Project including tables of all assay results from this and prior drill programs.
Program Details
HQ size drill core samples were detail logged, samples were collected every one metre down the entire hole and the samples shipped for gold analysis. Analysis of half core samples was carried out by ALS Chemex ABILAB Laboratory in Bamako and Merrex’s independent Quality Control and Quality Assurance protocols for drill core included blank samples and duplicate samples. The program is being carried out under the supervision of Jean-Marc Gagnon, P. Eng., MBA, the qualified person, as defined under National Instrument 43-101, responsible for the technical information presented in this news release. The driller was the African division of Longyear Canada, of North Bay, Ontario.
|
Assay Summary Table |
|
Hole ID |
Zone |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Remark |
|
|
|
|
|
|
|
|
|
SR-DD-07-26 |
1B |
48 |
58 |
10 |
0.57 |
|
|
|
|
48 |
49.5 |
1.5 |
1.43 |
Including |
|
|
|
|
|
|
|
|
|
SR-DD-07-27 |
1B |
23 |
53 |
30 |
2.05 |
|
|
|
|
59 |
66 |
7 |
1.36 |
|
|
|
|
|
|
|
|
|
|
SR-DD-07-28 |
1B |
|
|
|
NSV |
Too short |
|
|
|
|
|
|
|
|
|
SR-DD-07-29 |
1B |
30 |
41 |
11 |
1.7 |
|
|
|
|
63 |
68 |
5 |
1 |
|
|
|
|
|
|
|
|
|
|
SR-DD-07-30 |
1B |
96 |
101 |
5 |
0.98 |
Additional assays pending |
|
|
|
|
|
|
|
|
|
SR-DD-07-31 |
1B |
19 |
22 |
3 |
0.85 |
|
|
|
|
35 |
44 |
9 |
4.83 |
|
|
|
|
37 |
40.5 |
3.5 |
9.68 |
|
|
|
|
|
|
|
|
|
|
SR-DD-07-32 |
1B |
25 |
29 |
4 |
1.27 |
|
|
|
|
32 |
34 |
2 |
0.83 |
|
|
|
|
36 |
44 |
8 |
2.17 |
|
|
|
|
46 |
50 |
4 |
1.91 |
|
|
|
|
56 |
57 |
1 |
2.2 |
|
|
|
|
73 |
86 |
13 |
1.02 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-33 |
1A |
0 |
8 |
8 |
2.01 |
|
|
|
|
18 |
20 |
2 |
1.28 |
|
|
|
|
30 |
43 |
13 |
1.2 |
|
|
|
|
34 |
37 |
3 |
2.62 |
including |
|
|
|
52 |
53 |
1 |
1.37 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-34 |
1A |
15 |
16.5 |
1.5 |
1.42 |
|
|
|
|
67 |
72 |
5 |
4.97 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-35 |
1A |
21 |
30 |
9 |
1.76 |
|
|
|
|
21 |
24.00 |
3 |
3.48 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-36 |
1A |
32 |
41 |
9 |
2.8 |
|
|
|
|
72 |
73.5 |
1.5 |
3.4 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-37 |
1A |
121 |
124 |
3 |
1.33 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-38 |
1A |
13 |
33 |
20 |
0.9 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-39 |
1A |
0 |
17 |
17 |
4.18 |
|
|
|
|
|
|
|
|
|
|
TY-DD-07-40 |
1A |
49 |
57 |
8 |
1.24 |
|
Merrex owns a large land position in the prolific West Mali gold producing area. Together with strategic partner Touba Mining, Merrex has acquired five mineral permits covering over 750 square kilometres and has permit applications in progress for an additional approximately 250 square kilometres, all within the West Mali Gold Belt, a region which currently produces in excess of 1.5 million ounces of gold per year from such well-known large gold deposits as the Sadiola, Loulo and Tabakoto mines. The Merrex permits cover highly prospective land with significant geological structures, associated geochemically anomalous gold zones, extensive orpailleur alluvial gold workings and artisinal underground workings.
Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth.
FOR FURTHER INFORMATION PLEASE CONTACT:
Greg Isenor
President & CEO
(902) 832-5555
Or visit our website at www.merrexgold.com
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.