MIX Micrex Development Corp

Micrex Development Corp. (TSX VENTURE:MIX) is pleased to announce the
progression of the resource definition drilling program on its St. Charles
magnetite deposit in Quebec.


The aeromagnetic survey completed earlier showed at least a 30% increase in the
size of the deposit. All holes were drilled at 45 degrees, while the ore body
dips steeply 80 degrees to the east. Holes are oriented perpendicular to the
magnetite trend.


The drilling has been completed for three holes (SB-11-01 to SB-11-03) and work
is in progress on hole SB-11-04. Preliminary logging of the core suggests
encouraging results. All holes intercepted significant mineralized intersection
of massive magnetite, which is accompanied by abundant apatite. This type of ore
is usually referred as "cumberlandite" in the literature, and is very similar to
the ilmenite bearing counterpart "nelsonite".


Holes SB-11-01 and SB-11-02 were drilled along a profile perpendicular to the
elongated 3 kilometre long magnetic anomaly delineated by the 2011 aeromagnetic
survey. Hole SB-11-01 intersected 28.1 metres (from 66.0m to 94.1m) of
continuous massive magnetite at a core-angle of about 45 degrees. Hole SB-11-02
intersected two intervals of near massive magnetite of 33.9 metres (from 0m to
33.9m) and 18.75 metres (from 58.5m to 77.25m), with a core-angle of 45 degrees.
These intersections suggest a cumulative thickness of at least 20 metres of near
massive magnetite-apatite ore.


Hole SB-11-03 was drilled on a section 75 metres to the south of the previous
drill holes. Preliminary logging indicates an interval of 6.6 metres of
semi-massive magnetite between 63.4m to 70m, followed by more than 10 metres of
apatite-rich massive magnetite from 72.25m to 83.5m. Apatite, in the last
interval, ranges between 25 to 30% in apparent volume with grains of 1-2mm.
Several other metre thick intervals of magnetite ore were also intercepted from
87.5-88.7m, 89.5-91.2m, 104-108.48m, 111.5-112.5m, 120-121.7m and 149-149.5m.


The progression of the program follows the initial plan with each hole 100
metres long and drill pads spaced 100 metres apart.


Micrex is very pleased with the preliminary results of the drilling program
showing the massive magnetite and significant apatite deposits.


This press release has been reviewed by M. Rejean Girard, geologist and head
director of IOS Services Geoscientifiques Inc. and the Company's Qualified
Person for this project under the meaning of NI 43-101.


Micrex Development Corp. (TSX VENTURE:MIX) is a mineral exploration company
based in Alberta, Canada with mining properties in North America. Current focus
is on the St. Charles de Bourget magnetite / titanium / apatite property in
Quebec.


Visit www.mixcorp.com for further details. 

MICREX DEVELOPMENT CORP. 

Burmis Magnetite/Titanium Property - St. Charles de Bourget
Magnetite/Titanium/Rare Earth Property - Fort Steele Placer Property - Bighorn
Gold Mine - Mount Royal Gold Mine - Deadwood Gold Mine - Sunburst Gold Property


FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which
reflect management's expectations regarding its property and business
operations. All statements other than statements of historical fact contained in
this news release are forward-looking statements. Such forward-looking
statements involve risks and uncertainties, as they reflect management's current
beliefs and are based on information currently available to management. Actual
results may differ materially from those anticipated in the statements made. The
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The forward-looking statements are made as of the date of
this news release and Micrex assumes no obligation to update or revise them to
reflect new events or circumstances except as expressly required by applicable
securities law. Further information regarding the uncertainties and risks can be
found in the disclosure documents filed by Micrex with the securities regulatory
authorities, available at www.sedar.com.

Grafico Azioni Micrex Development (TSXV:MIX)
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Da Nov 2024 a Dic 2024

Grafico Azioni Micrex Development (TSXV:MIX)
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Da Dic 2023 a Dic 2024