Apr 06, 2011
Merrex Gold begins exploration on the Kakadian Permit, West Mali
HALIFAX, NOVA SCOTIA - (Marketwire April 6, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to announce that Merrex has begun its 2011 Phase I exploration program on its 100% owned Kakadian permit in West Mali.
Kakadian Permit Exploration Program
Merrex has initiated a Phase I exploration program on its 100% owned Kakadian mineral permit in West Mali. The Kakadian Permit, which covers approximately 55 square kilometres and is unrelated to Merrex-IAMGOLD's Siribaya Gold Project, includes rights to gold and certain other minerals but Merrex's primary interest is the permit's gold potential. Merrex plans to follow-up on gold anomalies identified from the prior geochemical soil sampling survey during which 30% (approximately) of the Kakadian Permit was sampled. The 2011 Phase I program consists of mapping, sampling, trenching, pitting, and additional soils and termite mound geochemistry. Drilling will follow if warranted. The budget for the Phase I program is estimated at approximately C$100,000.
The Kakadian permit is located in the north portion of the prolific gold-producing Sadiola-Kenieba Birimian window, and approximately 10 kilometres west of AngloGoldAshanti/IAMGOLD's Sadiola gold mine. Merrex holds a 100% interest in the Kakadian Permit subject to a 3% Net Profit Interest vendor royalty.
Gregory P. Isenor, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed and is responsible for the technical information presented in this news release.
Merrex is a Mali focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner at Siribaya and an expanding gold resource.
Please visit our website at www.merrexgold.com for the most recent corporate presentation.
On Behalf of the Board
Gregory Isenor, P.Geo.
President & CEO
Merrex Gold Inc.
1550 Bedford Highway
Suite 802, Sun Tower
Bedford, NS B4A 1E6
Tel.: (902) 832-5555
Fax: (902) 832-2223
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.
Neither the 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.
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