Merrex RC Drill Program
Expanded at Siribaya
HALIFAX, NOVA SCOTIA -- (Marketwire May 26,
2011) - Gregory Isenor, P.Geo., President and
CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to
announce the expansion of the RC drill program at the Siribaya
Gold Project in West Mali.
RC Drill Program Expanded to 30,000 metres
The 2011 RC drill program has been expanded by 13,000 metres,
from 17,000 metres budgeted to 30,000 metres budgeted. As of May 20, 12,964 metres of RC have been drilled.
The additional 13,000 metres of RC drilling
will allow for continued exploration southward on the Siribaya
trend and for two exploratory lines across the Bambadinka
trend.
Neither the 10,000 metre diamond nor the
expanded 30,000 metre RC drilling programs will
be completed by the onset of the seasonal rains; both programs will be
interrupted approximately late July to resume late September or early
October. Arrangements have been made with both West African Drilling
Services and Boart Longyear for their respective
drill rigs to remain on location during the hiatus so that drilling can
resume as soon as ground conditions allow after the cessation of the
seasonal rains.
About the Siribaya Gold Project
The 848 km2 Siribaya Gold Project in
West Mali is Merrex's flagship property. The Siribaya Gold Project is being explored in
conjunction with Merrex's 50% earn-in partner
and project operator IAMGOLD Corporation. The 2011 exploration program
within the Siribaya mega-structure includes
30,000 metres of RC drilling to further extend
the explored strike length of the Siribaya
trends from three to approximately seven kilometres,
and 10,000 metres of diamond drilling to
increase the present NI 43-101 resource.
Outside of the Siribaya structures new
mineralized trends have been discovered: Siribaya
West which lies to the west of the Bambadinka
trend, and the Babara-Kofia trends which lie to
the east of Siribaya on the Babara
and Kofia permits. These trends will be further
tested during the 2011 field season.
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 and an expanding gold resource ... a
winning combination offering investors an extraordinary opportunity.
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
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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