Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

June 05, 2007 12:11 ET

Merrex Commences Diamond Drilling at Siribaya Gold Project in Mali, West Africa

HALIFAX, NOVA SCOTIA--(Marketwire - June 5, 2007) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces that diamond drilling of Merrex's Siribaya Gold Project in West Mali has commenced.

"Diamond drilling of Merrex's Siribaya Gold Project has started" commented Merrex Gold President and CEO Greg Isenor, P. Geo. "Prior exploration at Siribaya established a seven kilometre long gold-bearing trend and identified numerous high-priority drill targets."

Phase I of the planned 3,500 metre diamond drill program will comprise a series of angled holes collared at -50 and -60 to a maximum depth of 150 metres. HQ size drill core samples will be shipped for gold analysis to ALS Chemex ABILAB Laboratory in Bamako. The driller is the African division of Boart Longyear Canada, of North Bay, Ontario. Drilling updates and analytical results will be released as received by Merrex.

Merrex completed their 31,000 metre RAB drilling program in March and confirmed a substantial mineralized structure measuring seven kilometres long, up to one kilometre wide, with a confirmed depth extension of at least 30 metres and is still open to the north, south and at depth (see press release: March 30, 2007).

Assay summary tables from the winter 2006 -2007 RAB drill program are listed at www.merrexgold.com.

Merrex owns a large land position in the prolific West Mali gold producing area. Together with strategic partner Touba Mining, Merrex has acquired five mineral permits covering over 750 square kilometres with the West Mali Gold Belt, a region which currently produces in excess of 1.5 million ounces of gold per year from such well-known large gold deposits as the Sadiola, Loulo and Tabakoto mines. The Merrex permits cover highly prospective land with significant geological structures, associated geochemically anomalous gold zones, extensive orpailleur alluvial gold workings and artisinal underground workings. In addition, Merrex is in various stages of negotiations to acquire additional mineral permits in the area which, when completed, would result in a contiguous land position of approximately 1,000 square kilometres, all within the prolific West Mali Gold Belt.

Merrex Gold is a mineral resource exploration company focused on exploration for gold in West Mali, Africa, zinc in Cape Breton, Nova Scotia, nickel in West Voisey's Bay, Labrador, and gold in Red Lake, Ontario, with a solid organization of people and projects to enable continued aggressive exploration, discovery, and growth.

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.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.

Contact Information

  • Merrex Gold Inc.
    Greg Isenor
    President & CEO
    (902) 832-5555
    or
    Merrex Gold Inc.
    Diane Webber
    Senior Geologist/Investor Relations
    (902) 832-5555
    (902) 832-2223 (FAX)
    Email: info@merrexgold.com
    Website: www.merrexgold.com