Great Investments

Great investments with tremendous potential in a modernizing world.

Tuesday, November 20, 2007


Roxmark Mines Plans Drilling Programs, Production Next Year

Roxmark Mines today announced upcoming plans on some of their gold properties.

As we mentioned in our update last month , "With the only operational and permitted mill in the area, and with a huge amount of existing infrastructure, Roxmark is much closer to production than any other juniors in the area." Indeed, Roxmark plans to re-open the Northern Empire Mine in late 2008. The Northern Empire Mine was operated successfully by Newmont Mines from 1934 to 1941, when gold was fixed at $35/oz. Now, with their recent drilling showing grades higher than when Newmont operated the mine, with gold over $800/oz, and with their onsite mill and existing underground workings, Roxmark should be able to quickly put the Northern Empire Mine back into production at minimal cost.

While they prepare the Northern Empire Mine for reopening, Roxmark is also planning a winter drilling program on the still undrilled 1,200 meter known strike length on the west extension of the Contact Zone at the Northern Empire property. Work is also planned for 2008 on the Leitch Gold Mine (once Canada's richest gold mine) and the Nortoba-Tyson property (a new source of gold and molybdenum), including "drilling of promising gold showings at the Nortoba-Tyson property."

Meanwhile, with Roxmark focused on the aforementioned properties, their joint venture partner Premier Gold is actively drilling on Roxmark's former-producing gold mines in the Geraldton Camp. Premier would like to quickly prove up the gold deposits there to quickly move those mines back to production in order to earn their joint venture interest. The local news had a story earlier this month on Premier's efforts:

To get the word out to investors, Roxmark has scheduled a road show in Montreal, Mississauga, and Toronto next week. Here are the details on this road show: .

As we explained last month , the Geraldton-Beardmore area has received a lot of interest recently, with Kodiak Exploration (KXL in Canada), Sage Gold (SGX in Canada), Ontex Resources (ONT in Canada), Mantis Minerals (MINE on the CNQ in Canada, MNTCF in the U.S.), and others all attracting a lot of investor attention with their promising gold exploration. With all of their programs in the works over the next year, Roxmark is well positioned to be the first in the area to realize profits from all this excitement.

Comments: Post a Comment

<< Home


January 2006   February 2006   March 2006   April 2006   May 2006   July 2006   August 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   August 2007   October 2007   November 2007   May 2008   September 2008   October 2008   January 2009   May 2010  

Great Investments Home    Email GreatInvestments

Great Investment Articles Blog     Great Trades Blog

Disclaimer: Great Investments may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Investments contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Investments does not provide personalized investment advice.

Seeking Alpha Certified

Enter your email address in the box below to get emailed any new blog entries (within an hour or so of an update). Your email address won't be listed or sold.


This page is powered by Blogger. Isn't yours?