Sunday 23rd October 2016

Resource Clips

Merrex, IAMGOLD report Mali Gold Assays as high as 19.09 g/t over 8m

Resource Clips - essential news on junior gold mining and junior silver miningMerrex Gold Inc TSXV:MXI in joint venture with IAMGOLD Corp TSX:IMG announced assays from the Siribaya gold project in Mali, West Africa. Results include

94.1 g/t gold over 1 metre
20.9 g/t over 1 metre
5.8 g/t over 4 metres (including 19.65 g/t over 1 metre)
15.4 g/t over 1 metre
3.99 g/t over 12 metres (including 6.91 g/t over 6 metres)
19.09 g/t over 8 metres (including 74.1 g/t over 1 metre)
1.06 g/t over 6 metres

IAMGOLD acts as project operator under a 50% earn-in agreement with Merrex. Merrex President/CEO Greg Isenor stated, “The 1A substructure of Siribaya continues to be impressive. The very high-grade mineralized intersections from the strike extension in the region south of the Zone 1A resource area, taken together with the strike extension north of Zone 1A, suggest that follow-up diamond drilling could lead to a very significant resource. Additionally, the grade in the RC holes south of Zone 1A is exceptional. This appears to be a new area of significant mineralization developing and follow-up diamond drilling will be a priority. Lastly, while it is still early days at Bambadinka, the first of the RC drill holes have returned encouraging results.”

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Gregory Isenor

by Ted Niles

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