Merrex Gold Precious Metals Equity Research Recommends Merrex Gold an "outstanding buy"
20 Agosto 2013 - 4:15PM
Access Wire
HALIFAX, NOVA SCOTIA --
(August 20, 2013) - Greg Isenor, President and CEO of Merrex
Gold Inc. ("Merrex") (TSX Venture:
MXI) announces:
Precious Metals Equity
Research Recommends Merrex
Gold an "outstanding buy"
"Independent analyst Ed Bugos writing for Precious Metal s Equity Research has
prepared a very thorough update analysis on the explorers active in
our corner of Mali" said Merrex President and CEO Greg Isenor. "He
has reviewed in depth Papillion Resources' Fekola deposit,
Iamgold's Boto deposit, and Merrex's Siribaya JV project, and he
has a sophisticated appreciation of the significance of the
strengths of three explorers' projects and the potential interplay
between them."
Some excerpts from the Precious Metals Equity Research report
follow: [The full report is available at http://www.merrexgold.com/i/pdf/130808-PreciousMetalsEquityResearch.pdf
or by email request from PMER at gold@goldenbar.com]
"I have always argued that Merrex's Siribaya project
(...shared 50/50 with IAMGOLD) is far more prospective than most of
IAMGOLD's other exploration prospects in West Africa, and at least
as prospective as Papillon's.
Based on the geochem and other data that we've seen,
and what I know of the structures, I think the 910 sq km Siribaya
permit area represents some of the best exploration real estate in
the developing district south of Papillon's Fekola...and I believe
that IAMGOLD knows it.
That could be one reason it agreed to increase its
stake in Merrex .... [to 19.34%].
In light of developments in this district, and share
prices, we have to continue to rate Merrex as an outstanding buy for our speculative
capital."
Mr. Bugos' update report is recommended reading for all
investors interested in what he describes as "Mali's newest up and
coming gold district".
About the 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 $35 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.
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
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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