Micrex Development Corp.: Deadwood Gold/Silver Mine Update

Micrex Development Corp. (TSX VENTURE:MIX) is pleased to announce that it has
contracted Geotech Ltd. of Aurora, Ontario to complete a helicopter-borne VTEM
electromagnetic and magnetic geophysical survey of the Deadwood-Sunburst
Property, New Mexico, which covers the historic Deadwood Mine and surrounding
area.


Geophysical data from this survey will be integrated with historic information
from the property and will in part assist with future drill programs. The
company anticipates that the survey will be completed prior to month end, and
additional data will be released as it is received.


The historic Deadwood Mine was developed upon an extensive continuous vein
system, which merges within the southern part of the property. At Deadwood at
least two shafts up to 180 m deep were developed, as well as several level
drifts with widths up to several meters and strike lengths up to 300 metres.
Historical reports indicate average grades of material removed from the mines,
prior to their being shut down during World War II, at approximately 0.127
oz/ton Au (Gold) and 6.96 oz/ton Ag (Silver). Micrex has not confirmed
historical grade or width information.


During 2007, a single diamond drill hole (DW07-01) was completed at Deadwood to
a depth of 189.28 meters. The hole was intended to undercut the historic
mineralization at Deadwood Mine; however, due to drilling complications, it did
not reach the intended target depth. For DW07-01, the interval from 122.83 to
188.21 m (65.38 m) intersected 0.49 g/t Au and 28.19 g/t Ag (1.10 g/t Au
equivalent(i)) The hole was prematurely ended within the fault/vein zone;
therefore, mineralization is considered open at depth.


DW07-01 intersected fine-grained, disseminated pyrite, argentite/acanthite,
pyrrhotite, chalcopyrite, and galena within silicified and/or brecciated
volcanic rocks, and quartz/calcite veins ranging from a few centimetres to
several metres in size. Fluorite and/or amethyst are also present in several of
the veins and breccias, as well as box-work textures of calcite. In addition to
the historic mineralization mined at Deadwood, this interval attests to the
potential of the system to host large intervals of low grade Au-Ag
mineralization. 


(i)(A silver to gold ratio of 46:1 used for gold equivalent with metallurgical
recoveries assumed to be 100 per cent).


Micrex has retained Dahrouge Geological Consulting Ltd. of Edmonton, Alberta to
oversee this project. 


Patrick Kluczny, P.Geol., a qualified person as defined by National Instrument
43-101, supervised the preparation of the technical information in this news
release. 


Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America.


Visit www.mixcorp.com for further details. 

MICREX DEVELOPMENT CORP. 

Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn
Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property 


FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which
reflect management's expectations regarding its property and business
operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking
statements involve risks and uncertainties, as they reflect management's current
beliefs and are based on information currently available to management. Actual
results may differ materially from those anticipated in the statements made. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The forward-looking statements are made as of the date of
this news release and Micrex assumes no obligation to update or revise them to
reflect new events or circumstances except as expressly required by applicable
securities law. Further information regarding the uncertainties and risks can be
found in the disclosure documents filed by Micrex with the securities regulatory
authorities, available at www.sedar.com.


Micrex Development Corp.: A mineral exploration and development company
operating in Canada and the United States 


SEC 12 g (3) Exemption 82-4281
Micrex Development (TSXV:MIX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024