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Merrex Gold Inc.
Summary
| Project: | Siribaya | |
|---|---|---|
| Deposit: | Diakha | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/30/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2016: Merrex Gold Inc. announces an Exploration/Drilling Update report for its Diakha deposit at the Siribaya project. Drilling results incl. 19m @ 9.28g/t Au from 161m. HALIFAX, NOVA SCOTIA -- (August 30, 2016) - Greg Isenor, President and CEO of Me | |
| Resources: | (Resource): 2.102Mt @ 1.90g/t Au (Ind.) and 19.816Mt @ 1.71g/t Au (Inf.) at Siribaya | |
| CP/QP: | [Overall Report]: Gregory P. Isenor (Internal) | |
| ABSTRACT: | HALIFAX, NOVA SCOTIA -- (August 30, 2016) - Greg Isenor, President and CEO of Merrex Gold Inc., ("Merrex" or the “Company”) (TSX Venture: MXI). The 2016 diamond drilling program within the current Diakha resource area commenced in the second half of March and finished in late July, 2016 with two rigs active. The drill program was designed as a follow-up to the initial 2015 resource estimate (see details below) and further evaluated the geological model and controls on gold mineralization. The program specifically targeted areas with high-grade intersections near the bottom of the resource pit shell to test the down dip extension of high-grade mineralization. A total of 19 holes totaling 6,414 metres were completed. All completed holes returned significant gold intercepts including hole 185 returning 19 metres of 9.28g/t Au, hole 189 returning 18 metres of 6.73g/t Au and hole 179 returning 38 metres of 2.37g/t Au. (See Table of Significant Assays below for a complete listing of significant assay results. The Table of Significant Assays was provided by the project operator.) Although the interpretation of the drilling cross sections is still in progress, the 2016 diamond drilling results are believed to have extended mineralized zones along strike and down-dip where tested. | |
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