RX Exploration Inc.
CNSX : RXE

May 12, 2009 17:44 ET

RX Confirms Significant Gold and Silver Values Remain in "D" Block of Drumlummon Mine

TORONTO, ONTARIO--(Marketwire - May 12, 2009) - RX Exploration Inc. (CNSX:RXE)(the “Company”) is pleased to report very significant assay results from core holes drilled from both the hanging wall and footwall of the Drumlummon/Castleton structural zone (DCSZ) in the “D” Block area of the Drumlummon Mine.

The Company previously reported (News Release March 24, 2009) that its current focus of exploration was on the “D” Block and that in the 1980's, prior operators reported the presence of 160,000 tons of mineralized material in “D” Block, below the 400 foot level, grading 0.4 oz/ton gold and 4.0 oz/ton silver. These figures are historical in nature, are not 43-101 compliant, and should not be relied upon by investors. The Company also reported that sludge samples recently collected from “jack-leg” percussion holes drilled into “D” Block at the 400 foot level over a strike length of 115 feet yielded significant gold and silver values. The current program was initiated to follow-up on the good assay results from those holes which were drilled from the main footwall drift into the footwall of the Drumlummon vein stopes (workings) in this area. The core retrieved in both the hanging wall and footwall of these old workings yielded high values in both gold and silver in the mineralization left behind in the walls of the old workings.

Following are the latest significant assay results:

  Hole   From (ft)   To (ft) Intersection Gold Silver
   Length (ft) Au oz/ton Ag oz/ton
           
  Sep-72   19   51 32 0.350 9.38
 incl.  45   51 6 1.526 46.65
 incl.  45   47 2 3.246 134.1
           
  Sep-74   44   61.5 17.5 0.254 1.36
           
  Sep-75   72   102 30 0.208 0.57
 and  124   132 8 0.431 1.01
           
           
  Sep-76   14   16 2 0.158 0.87
 and  22   26 4 0.106 0.81
 and  36   39 3 0.162 3.32
           
  Sep-77   18   19 1 3.032 9.11
           
  Sep-78   14   16 2 0.180 22.08
 and  18   19 1 5.200 2.84
           
  Sep-80   14   20 6 0.645 5.017
 incl.  16   18 2 1.550 11.55
           
  Sep-81   14   16 2 1.364 2.37
           
  Sep-82   14   16 2 1.130 1.44
           
  Sep-83   41   43.5 2.5 0.244 4.81
           
  Sep-85   40   44 4 0.117 5.58
 and   68   74 6 0.272 1.14
 incl.   70   72 2 0.580 0.91
 and   80   82 2 0.234 0.50
           
  Sep-86   46   48 2 0.580 16.83
 and  56   58 3 1.060 51.38
 incl.  57   58 1 2.976 146.29
           
  Sep-87   29   31 2 0.692 6.12
 and  66   86 20 0.513 4.23
 incl.  72   74 2 1.186 4.53
 incl.  80   82 2 1.706 28.47
           
  Sep-88   34   36 2 2.248 7.23
 and  52   54 2 2.356 7.72
 and  66   88 22 0.487 2.63
 incl.  66   82 16 0.624 3.28

The results indicate that substantial mineralized material remains on the walls of the old workings and clearly confirms the potential for developing very significant tonnage of high grade gold and silver over large widths in this “bonanza”- type epithermal deposit, in the vicinity of all of the old workings as well as totally undeveloped areas of the mine.

Mike Gunsinger, the Company'sDirector of Underground Operations observed that “the original operators of themine (who lost the mine after 20 years of litigation) used mercury amalgamationto recover the gold, a practice commonly used at that time. As a result, it appearsthey intentionally left behind most of the gold which was associated with areasof higher grade silver as the silver would hamper the gold recovery.”

Hole collar locations andorientations have been designed to provide 25 foot spacing in the mineralizedzones to enable the Company to develop National Instrument 43-101 compliantresource calculations at the earliest possible time. This will add to thepreviously reported NI 43-101 compliant resource calculations of materialdiscovered in the Charly vein, located in virgin ground 350 feet out into thehanging wall of the DCSZ, and enhance an early production decision.

The DCSZ strikes approximately N17 E and dips easterly at 67 degrees. The present drill program is utilizing acompressed air powered underground diamond drill, (Model CP-65 drilling AW34sized core). Three drill stations, on 80 foot centers, have been drivenwesterly from the main drift on the footwall side of the DCSZ. Another drifthas been driven on the opposite (east) side of the DCSZ, with 5 hanging walldrill stations established to date. These underground development headings haveprovided close access, on both sides of the old workings.

All drill core is logged and cutin half with diamond saw or core splitter. One half is bagged and shipped toNorris Lab in Norris, MT, while the other half is archived and stored on site.For QC/QA purposes standards and blanks are randomly inserted into the samplestream. Selected samples are sent to ALS Chemex Lab, Reno, NV for verificationassaying.

L. Joseph Bardswich, P.Eng.(Mining)(Ontario) is the qualified person responsible for providing thetechnical details contained in this press release.

RX Exploration Inc. is areporting issuer in good standing in the Province of Ontario whose shares arelisted on CNSX (Symbol: RXE). There are currently 59,809,078 commonshares issued and outstanding.

Forward Looking Statements: Statements made in thisnews release that relate to future plans, expectations, events or performancesare forward looking statements. Such statements involve risks and uncertaintiesand are based on current expectations. Consequently, actual results coulddiffer materially from the expectations expressed in these forward-lookingstatements.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • RX Exploration Inc.
    John F. O'Donnell
    Chairman of the Board
    (416) 862-7330

    or

    RX Exploration Inc.
    Murray R. Nye
    President
    (204) 989-2434