Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

June 16, 2009 09:00 ET

Merrex Commences Airborne Geophysical Survey at Siribaya

HALIFAX, NOVA SCOTIA--(Marketwire - June 16, 2009) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces:

AIRBORNE GEOPHYSICAL SURVEY COMMENCED

Merrex is pleased to announce that an airborne magnetic survey of its Siribaya Gold Project in West Mali has commenced. Despite some unanticipated delays, the survey is expected to be completed prior to the rainy season. The detailed airborne magnetic/radiometric geophysical program will cover the entirety of the over 700 square kilometre land package of the Siribaya Gold Project and almost one-half of IAMGOLD Corporation's contiguous 227 square kilometre Boto gold project in southeast Senegal where IAMGOLD has reported significant drill intercepts.

The planned airborne survey of 22,785 line-kilometres with 50 metre flight line spacing is being conducted by Xcalibur Airborne Geophysics of South Africa. Using the known resource at Area 55 of Zone 1B as a control, the airborne geophysical survey data will be used to identify extensions of known structures, assist in selecting drill targets for the 5,000 metre drill program now underway at Siribaya's Zone 1B and to identify and prioritize other target areas for future exploration.

The 2009 exploration program for the Siribaya Gold Project is managed jointly by a Merrex and IAMGOLD Corporation technical committee. Merrex is the program Operator.

Merrex's principal projects are its Siribaya Gold Project in Mali (West Africa), an advanced exploration project with an initial NI 43-101 resource estimate and the Jubilee Zinc Deposit in Cape Breton, Nova Scotia, also with a NI 43-101 resource estimate.

Merrex Gold is a mineral resource exploration company focusing on gold exploration in West Mali, Western Turkey and in the Red Lake area of Ontario and zinc exploration in Cape Breton, Nova Scotia. Merrex has a solid organization of people and projects enabling aggressive exploration, discovery and growth.

Please visit our website at www.merrexgold.com for the most recent presentation.

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.

Contact Information

  • Merrex Gold Inc.
    Greg Isenor
    President & CEO
    (902) 832-5555