Merrex Gold Inc.

Merrex Gold Inc.

November 06, 2007 09:49 ET

Merrex Geochemical Results Expands Siribaya Gold Project

HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 6, 2007) - Gregory Isenor, President and CEO of Merrex Gold Inc. (Merrex) (TSX VENTURE:MXI) is pleased to announce that new geochemical results at Siribaya point out a significant expansion of the size of Merrex's Siribaya Gold Project.

"I am pleased to report that an analysis of geochemical samples from the Siribaya Project have identified additional very strong gold anomalies in the area to the north of Zone 1B while numerous extremely strong gold anomalies in the Bambadinka area west of our Siribaya discoveries reveal an entirely new north-south trending gold mineralized zone" said Merrex President Gregory Isenor, P. Geo. "This new geochemical data indicates that our Siribaya Gold Project now encompasses an area approximately 10 kilometres long by 5 kilometres wide at the north end and 3 kilometres wide at the south end. In addition, the correlation between the geochemical data and the diamond drilling results established so far at Siribaya is sufficiently strong that we expect to be able to proceed from the geochemical results directly to diamond drilling with only some confirmatory pitting and trenching."

This geochemical survey covered three new grids (see map) and the positive results indicate that the gold mineralized system at and around Siribaya is very much larger than the early data suggested.

To see the map please visit the following link:

Gold anomalies were identified in Grid C (to the north of Zone 1B) and may be either a continuation of Zone 1B or a new mineralized area.

Extensive strong anomalies in Grid B (west of Siribaya towards Bambadinka) delineated an entirely new mineralized zone (Zone Bambadinka) continuous over five kilometres and having the potential to significantly expand the overall size of the Siribaya Gold Project.

Anomalies in Grid A (south of Grid B and west of Zone Timeta) may be related to Zone Timeta or may intersect with the N 015 degrees trending Siribaya structure further to the south.

Merrex will be reviewing its exploration programs for 2008 to include a substantial program of trenching, pitting and diamond drilling on these new zones with particular emphasis on Zone Bambadinka.

Jean-Marc Gagnon, P. Eng., Project Manager at Siribaya, is the Qualified Person as per NI 43-101 and is responsible for the information in this news release.

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 with a sixth permit in process covering over 900 square kilometres within 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.


Contact Information