Merrex Gold Inc.
TSX VENTURE : MXI

Merrex Gold Inc.

March 30, 2007 09:15 ET

Merrex Gold Intersects 9.49 g/t Au / 6 m in RAB Drilling and Extends Mineralized Siribaya Structure to 7 km

HALIFAX, NOVA SCOTIA--(CCNMatthews - March 30, 2007) - Merrex Gold Inc. ("Merrex") (TSX VENTURE:MXI) is pleased to announce that additional significant results from RAB drilling on its Siribaya Gold Project in West Mali have now outlined a Major Gold Mineralized System at least seven kilometres long and still open at both ends and at depth. (See Map 1)

To view a map of the Siribaya Gold Project, please click on the link below: http://www.ccnmatthews.com/docs/siribaya.pdf



Assay highlights include:

- 2.74 g/t Au / 36m
- 4.04 g/t Au / 18m
- 4.78 g/t Au / 12m
- 9.49 g/t Au / 6m
- 11.55 g/t Au / 4m
- 23.24 g/t Au / 2m


"These latest drill results from our Siribaya Gold Project are exceptional" stated Merrex Gold President and CEO Greg Isenor, P. Geo. "We are incredibly pleased with these numbers. We can confirm that we have several high-priority diamond drill targets and we plan to proceed with diamond drilling as soon as possible."

The RAB program at the Siribaya Gold Project is now complete with a total of approximately 31,000 metres drilled. Merrex has confirmed a substantial mineralized structure measuring 7 kilometres long, up to one kilometre wide, with a confirmed depth extension of at least 30 metres, and still open to the north, south and at depth. Numerous RAB holes ended in excellent grade mineralization and four longitudinal lines through the anomalies, also with excellent gold grades, provide further evidence of the continuity of the mineralization in a north-south trend. Significant assay results are listed in the assay summary table as follows:



ASSAY SUMMARY TABLE

------------------------------------------------------------
RAB Line # Hole ID From (m) To (m) Length (m) Au (g/t)
------------------------------------------------------------
------------------------------------------------------------
12 R-SR-07-102 30 32 2 1.67
------------------------------------------------------------
17 R-SR-07-176 34 42 8 1.56
------------------------------------------------------------
Incl. 38 40 2 3.65
------------------------------------------------------------
18 R-SR-07-199 38 40 2 4.77
------------------------------------------------------------
20 R-SR-07-221 50 52 2 1.85
------------------------------------------------------------
R-SR-07-228 8 10 2 1.25
------------------------------------------------------------
R-SR-07-229 0 2 2 1.29
------------------------------------------------------------
R-SR-07-229 10 16 6 1.13
------------------------------------------------------------
PRL4 R-SR-07-334 14 24 10 1.18
------------------------------------------------------------
Incl. 20 22 2 2.44
------------------------------------------------------------
R-SR-07-335 18 22 4 3.00
------------------------------------------------------------
Incl. 18 20 2 5.01
------------------------------------------------------------
PRL5 R-SR-07-289 20 26 6 1.62
------------------------------------------------------------
Incl. 24 26 2 3.29
------------------------------------------------------------
LR01 R-TY-07-370 0 2 2 1.20
------------------------------------------------------------
R-TY-07-370 6 28 22 1.32
------------------------------------------------------------
Incl. 6 14 8 1.76
------------------------------------------------------------
Incl. 22 28 6 1.41
------------------------------------------------------------
R-TY-06-371 0 8 8 2.19
------------------------------------------------------------
R-TY-07-371 16 30 14 4.51
------------------------------------------------------------
Incl. 18 30 12 4.96
------------------------------------------------------------
Incl. 20 22 2 9.53
------------------------------------------------------------
R-TY-07-372 0 8 8 1.20
------------------------------------------------------------
R-TY-07-372 12 32 20 2.39
------------------------------------------------------------
Incl. 18 22 4 6.01
------------------------------------------------------------
Incl. 28 32 4 3.37
------------------------------------------------------------
LR01 R-TY-07-373 0 32 32 2.30
------------------------------------------------------------
Incl. 8 12 4 6.01
------------------------------------------------------------
Incl. 22 24 2 4.00
------------------------------------------------------------
R-TY-07-374 12 18 6 1.28
------------------------------------------------------------
R-TY-07-374 26 40 14 2.35
------------------------------------------------------------
Incl. 28 34 6 3.88
------------------------------------------------------------
R-TY-07-376 32 40 8 3.66
------------------------------------------------------------
Incl. 32 36 4 6.84
------------------------------------------------------------
Incl. 34 36 2 12.92
------------------------------------------------------------
R-TY-07-381 12 16 4 1.35
------------------------------------------------------------
R-TY-07-382 20 22 2 1.42
------------------------------------------------------------
R-TY-07-384 12 16 4 3.67
------------------------------------------------------------
R-TY-07-384 28 32 4 1.31
------------------------------------------------------------
R-TY-07-385 0 36 36 2.74
------------------------------------------------------------
Incl. 10 28 18 4.04
------------------------------------------------------------
Incl. 10 16 6 5.15
------------------------------------------------------------
LR02 R-SR-07-250 2 14 12 1.99
------------------------------------------------------------
Incl. 6 9 6 3.19
------------------------------------------------------------
LR02 R-SR-07-251 0 14 14 1.58
------------------------------------------------------------
Incl. 10 12 2 3.65
------------------------------------------------------------
R-SR-07-252 6 22 16 1.74
------------------------------------------------------------
Incl. 8 18 10 2.37
------------------------------------------------------------
Incl. 8 10 2 4.65
------------------------------------------------------------
LR04 R-SR-07-266 8 12 4 3.44
------------------------------------------------------------
R-SR-07-272 10 22 12 4.78
------------------------------------------------------------
Incl. 14 18 4 11.55
------------------------------------------------------------
R-SR-07-274 18 24 6 9.49
------------------------------------------------------------
Incl. 18 20 2 23.24
------------------------------------------------------------


A complete list of assay results will be posted 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.

Samples are collected at the exit of the drill cyclone with plastic buckets resulting in 30-35 kg of material. The cyclone is blown clean by the drill operator between samples. Each sample is split with a high capacity splitter until a two to three kg sample for assay and a duplicate are obtained, and both samples are bagged and numbered. The excess material is poured as heaps of cuttings on the ground in a systematic down-hole line for logging by a geologist. Control samples are inserted at approximately every 25 samples, and a duplicate sample and a blank sample are alternatively intercalated in the sampling sequence. The samples are then transported by truck to the exploration camp in Berekegni (less than four km) under the direction and supervision of the named Qualified Person. The secured samples are packed in rice bags and shipped directly by truck or plane to Bamako with a sample shipment control form. Samples are recorded upon receipt at the ALS Chemix ABILAB Laboratory and then assayed for gold by method of "fire assay" form a pulverized fraction of 50g and with a limit detection of 5ppb.

The program is being carried out under the supervision of Jean-Marc Gagnon, Eng.,MBA, the qualified person responsible for the verification and accuracy of these results.

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.

Merrex Gold Inc. invites the public to visit its website at www.merrexgold.com or to email us at info@merrexgold.com to be added to the Company's email list for press releases and updates.

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