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Merrex
Gold begins exploration on the Kakadian Permit, West Mali
Gregory Isenor, P.Geo.,
President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI)
is pleased to announce� that Merrex has
begun its 2011 Phase I exploration program on its 100% owned Kakadian permit in
West Mali.
Kakadian Permit Exploration
Program
Merrex has initiated a Phase I exploration program on its 100% owned
Kakadian mineral permit in West Mali. The Kakadian� Permit, which covers approximately 55 square
kilometres and is unrelated to Merrex-IAMGOLD�s Siribaya Gold Project, includes
rights to gold and certain other minerals but Merrex�s primary interest is the
permit�s gold potential. Merrex plans to follow-up on gold anomalies identified
from the prior geochemical soil sampling survey during which 30%
(approximately) of the Kakadian Permit was sampled. The 2011 Phase I program
consists of mapping, sampling, trenching, pitting, and additional soils and termite
mound geochemistry. Drilling will follow if warranted. The budget for the Phase
I program is estimated at approximately C$100,000.
The Kakadian permit is located in the north portion of the prolific
gold-producing Sadiola-Kenieba Birimian window, and approximately 10 kilometres
west of AngloGoldAshanti/IAMGOLD�s Sadiola gold mine.� Merrex holds a 100% interest in the Kakadian
Permit subject to a 3% Net Profit Interest vendor royalty.
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 a Mali focused gold
exploration company with experienced management, a solid exploration team, a
prominent gold-producer as a partner at Siribaya and an expanding gold
resource.
Please visit our website at www.merrexgold.com for the most recent corporate
presentation.
On Behalf of the Board
Gregory Isenor, P.Geo.
President & CEO
Merrex Gold Inc.
1550 Bedford Highway
Suite 802, Sun Tower
Bedford, NS B4A 1E6
Tel.: (902) 832-5555
Fax: (902) 832-2223
info@merrexgold.com
If
you wish
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.