RX Exploration Inc.
CNQ : RXEX

July 15, 2008 16:56 ET

RX Exploration Inc.: High Grade Gold and Silver Veins Build at Drumlummon Mine

TORONTO, ONTARIO--(Marketwire - July 15, 2008) - RX Exploration Inc. ("the Company") (CNQ:RXEX) is pleased to release further assay results from its underground diamond drill program at the Drumlummon Mine at Marysville, Montana. The drilling intersected the newly discovered Charly Vein, as well as other numerous and parallel high grade gold and silver veins in this "bonanza"- type epithermal deposit. Significant results are set out in Schedule "A" to this news release.

DDH's 08 - 5, 6, 7, 8, and 12 were drilled from Drill Station 2 while DDH's 08 - 14, 15, 16, 18, 19, 20, 22, 23, 24, 25 and 26 were drilled from Drill Station 3, 200 feet north of Drill Station 2, to test the strike extension of the multiple vein structures encountered at Drill Station 2. The Company is still awaiting a large number of assays from highly mineralized sections of further holes drilled from Drill Station 3.

The fan drilling from Drill Stations 2 and 3 represents a strike length of about 350 feet and a vertical height of about 200 feet for the Charly Vein and parallel veins. They are open at both ends along strike as well as at depth. The underground drill is being moved to Drill Station 4 where 9 holes are planned to test the south extension of the Charly Vein to a length of 650 feet. Drill Station 5 will be set up to test the Christmas Vein. The Drumlummon ceased production in 1950 when the mill was totally destroyed by fire. Historical records indicate that a significant portion of the Christmas Vein on the 800 foot level was ready for production at the time of the fire. Resource estimates have been presented by prior operators which are not in compliance with the current requirements found in National Instrument 43-101 and accordingly cannot be reported at this time. Mike Gunsinger, Director of Underground Operations, stated that "the Charly Vein and the Christmas Vein line up pretty well and the drilling at Drill Stations 4 and 5 are intended to determine if indeed the two veins come together".

Tom Gignoux is the consulting geologist supervising the drilling at the Drumlummon Mine. He is a qualified person within the meaning of National Instrument 43-101 and is responsible for the technical information contained in this news release. The core from the drill holes have been under his supervision from the time they were brought out of the mine. They are currently in secured containers on the Drumlummon property. Assays were performed by Robert W. Prather, Anaytical Chemist, of Norris Lab, Norris Montana, using the fire-assay method. Rejects of higher grade assays are being sent by Mr. Gignoux to Swastika Labs, Swastika, Ontario for check assays.

RX Exploration Inc. (CUSIP # 78347W107) is a well-funded reporting issuer in good standing in the Province of Ontario whose shares are listed on CNQ (Symbol: RXEX). There are currently 45,186,508 common shares issued and outstanding.

Schedule "A"

Following are significant intersections which were all drilled from the 400 foot level of the mine. There are numerous other lower grade sections. True widths of the intersections have not yet been determined. The Company is awaiting a large number of assays.



----------------------------------------------------------------------------
Drill Hole From To Length Gold Silver
(ft) (ft) (ft) (oz/t) (oz/t)
----------------------------------------------------------------------------
47 77 30 0.28 2.03
---------------------------------------------------------
88 90 2 0.18 0.19
---------------------------------------------------------
110 112 2 0.15 1.70
---------------------------------------------------------
366 368 2 0.80 0.15
---------------------------------------------------------
DDH 08 #5 384 386 2 0.24 0.26
---------------------------------------------------------
392 398 6 1.10 31.5
---------------------------------------------------------
412 414 2 0.31 0.34
---------------------------------------------------------
418 420 2 0.13 3.71
---------------------------------------------------------
430 432 2 1.65 24.67
----------------------------------------------------------------------------
102 106 4 0.46 0.40
---------------------------------------------------------
125 133 8 0.23 0.35
---------------------------------------------------------
143 147 4 1.20 2.16
---------------------------------------------------------
158 162 4 0.12 0.83
DDH 08 #6 ---------------------------------------------------------
232 234 2 0.16 0.58
---------------------------------------------------------
536 543 7 0.14 1.16
---------------------------------------------------------
617 619 2 0.14 0.38
---------------------------------------------------------
625 629 4 0.14 0.56
----------------------------------------------------------------------------
81.5 100 18.5 0.24 1.53
---------------------------------------------------------
115.5 123.5 8 0.19 2.73
---------------------------------------------------------
DDH 08 #7 475 477 2 0.24 0.65
---------------------------------------------------------
514 520 6 0.72 2.94
---------------------------------------------------------
526 528 2 0.16 0.81
----------------------------------------------------------------------------
DDH 08 #8 69 73 4 0.23 1.91
----------------------------------------------------------------------------
DDH 08 #12 41 54 13 0.27 1.76
----------------------------------------------------------------------------
DDH 08 #14 145 147 2 0.19 0.71
----------------------------------------------------------------------------
4 8 4 0.05 8.25
---------------------------------------------------------
377.5 383.5 6 0.14 0.63
---------------------------------------------------------
403 412.5 9.5 1.30 22.9
DDH 08 #15 ---------------------------------------------------------
424 433 8 0.18 1.86
---------------------------------------------------------
460 464 4 0.86 5.18
---------------------------------------------------------
473 475 2 0.18 0.97
----------------------------------------------------------------------------
4 14 10 0.11 22.6
---------------------------------------------------------
26 29 3 0.36 6.21
---------------------------------------------------------
DDH 08 #16 410 414 4 0.13 0.5
---------------------------------------------------------
453 457 4 0.19 0.87
---------------------------------------------------------
474 478 4 0.18 0.97
----------------------------------------------------------------------------
0 10 10 0.35 3.49
DDH 08 #17 ---------------------------------------------------------
502 504 2 0.14 0.58
----------------------------------------------------------------------------
DDH 08 #18 2 15.5 13.5 0.03 6.21
----------------------------------------------------------------------------
34 36.5 2.5 0.14 3.58
----------------------------------------------------------------------------
587 589 2 0.06 4.98
----------------------------------------------------------------------------
6 8 2 0.10 9.70
---------------------------------------------------------
DDH 08 #19 382.5 384.5 2 0.13 0.26
---------------------------------------------------------
450 454 4 0.21 5.57
----------------------------------------------------------------------------
DDH 08 #20 345 347 2 0.13 0.50
----------------------------------------------------------------------------
23 25 2 0.01 6.72
---------------------------------------------------------
DDH 08 #22 39 41 2 0.01 6.37
---------------------------------------------------------
330 332 2 1.00 1.29
----------------------------------------------------------------------------
2 4 2 0.14 2.40
---------------------------------------------------------
DDH 08 #23 170 172 2 0.09 1.12
---------------------------------------------------------
315 317 2 0.41 0.99
----------------------------------------------------------------------------
DDH 08 #24 18 21 3 0.12 0.89
----------------------------------------------------------------------------
DDH 08 #25 351.5 353.5 2 0.72 7.16
----------------------------------------------------------------------------
0 12 12 0.08 19.41
---------------------------------------------------------
38 44 6 0.04 4.00
---------------------------------------------------------
164 168 4 0.22 0.50
---------------------------------------------------------
358 360 2 0.13 7.05
DDH 08 #26 ---------------------------------------------------------
382 386 4 0.13 0.52
---------------------------------------------------------
406 412 6 0.95 13.64
---------------------------------------------------------
466 468 2 0.07 7.66
---------------------------------------------------------
476 484 8 0.87 60.13
----------------------------------------------------------------------------


Forward Looking Statements: Statements made in this news release that relate to future plans, expectations, events or performances are forward looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

CNQ 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
    Website: www.rxexploration.com