Merrex Gold - Update on Siribaya JV 2014 Exploration Planning
19 February 2014 - 1:30AM
Access Wire
HALIFAX,
NOVA
SCOTIA -- (February 18,
2014) -
Greg
Isenor, President
and CEO
of Merrex Gold
Inc.,
("Merrex") (TSX
Venture: MXI)
announces:
Update on 2014 Exploration Planning, Siribaya Gold Project
Merrex
and project
operator and JV
partner IAMGOLD Corporation are
in the final stages
of settling
the
2014 drill
program for
the Siribaya
Gold Project.
Details of the
final
program will be releases
as soon
as
they are
available.
Commentary
"In
response
to numerous shareholder
inquiries
concerning the
impact of recent
news of work stoppages
at IAMGOLD's Mali joint
ventures (IAMGOLD news
release
February 12,
2014 'IAMGOLD reports work stoppages at its joint venture operations in Mali') I want
to clarify that IAMGOLD's news release is
referring
specifically to the
IAMGOLD/AngloGold
Ashanti
Limited
joint
venture Sadiola
and Yatela
operating
gold mines in Mali, and is
not referring to the
Siribaya
joint
venture program
with Merrex" said
Merrex president and
CEO Greg Isenor. "If that news
release had
any implications for
the
Siribaya Gold Project joint
venture we would have
been
notified.
At this time planning
of the
2014
exploration
program is
active
and our discussions with
IAMGOLD's
exploration team are
continuing. Details of the
2014 exploration program
will be released as
soon as
everything is
settled."
About Merrex's Siribaya Gold Project
The Siribaya
Gold Project
is a 50/50 joint Merrex-IAMGOLD
advanced-stage
gold exploration
project in
West
Mali comprised
of approximately
910 square
kilometres
of gold-prolific exploration
permits and
permit applications pending.
Exploration
of the
Siribaya
Gold Project is
conducted under a
joint management committee. Expenditures
to date on the
Siribaya
Project total
approximately
$37 million.
The Siribaya
Gold Project
presently
hosts a
NI 43-101 compliant
gold resource
estimated
at 303,900 ounces
grading
2.34 g/t
Indicated, and 301,400
ounces grading 2.17 g/t
Inferred (July 31,
2012 ACA
Howe International Limited); the
deposit
areas
are open
to the north, south and at depth. Numerous other gold-anomalous target areas
have
been
identified by
geochemistry
and require
drilling.
Gregory
P. Isenor,
P. Geo.,
is the
Qualified Person as
defined under NI 43-101
who has reviewed
and is
responsible
for the technical
information
presented in this news release.
Merrex
is primarily a
West
African focused gold exploration
company
with experienced
management, a
solid
exploration team, a
prominent gold-producer as
a partner and an expanding gold
resource ...
a winning
combination.
For further details
about the Company's exploration
activities or to view the
most recent corporate
presentation visit Merrex's
website at www.merrexgold.com.
To be added
to Merrex's
email
contact
list
please email
your
request
to info@merrexgold.com.
On
Behalf of
the
Board
![](http://www.thenewswire.ca/client_files/tnwBL5AX6_.png)
Gregory
Isenor,
P.Geo.
President
& CEO
Merrex Gold Inc.
Suite
802,
1550
Bedford
Highway,
Bedford,
NS B4A 1E6
Tel.:
(902)
832-5555
Fax:
(902)
832-2223
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.
Neither
the
TSX
Venture
Exchange
nor
its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts
responsibility
for
the
adequacy
or
accuracy
of
this
release.
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