Merrex Gold Reports Initial RC and Core Drill Results from Diakha Discovery Zone

Merrex Gold Inc. (TSXV:MXI) announced initial 2015 reverse-circulation and core drill results from the Diakha discovery zone at its Mali-based Siribaya gold project.

Highlights include:

• 100 RC and 13 DD holes completed January 1 to May 29, 2015
• 22 out of the 41 RC and DD holes fully analyzed as of May 30th had significant gold mineralization
• Continuity of gold mineralization over a wide area continues to be evidenced
• Numerous significant assays including:
  • SRD15-156: 40 m @ 2.52 g/t gold including 9 m @ 8.83 g/t gold
  • SRC15-539: 38 m @ 2.52 g/t gold including 10 m of 5.70 g/t gold

Looking further at the results, the company said:

From January 1 to May 29, 2015 100 RC holes totalling 11,010 metres and 13 DD holes totalling 2,422 metres were completed. Many of these holes were tails added to 2014 holes (which were originally drilled to approximately 100 to 120 metres) extending those holes to new depths reaching up to 350m.

Assay results for 39 RC holes totalling 4628 metres and the 2 DD holes totalling 528 metres have now been validated and compiled and are reported herein.

These assay results … confirm the presence of multiple zones of gold mineralization over a wide area with several lenses related to alteration zones, with little quartz veining and low associated sulphides. The deposit area is open in all directions and at depth.

Greg Isenor, president of Merrex, commented:

During my site visit in late May I had the opportunity to observe the drilling operations at Diakha first-hand and I was impressed by the competence of the drill crew, the commitment of the field staff and the professionalism of the supervisory geological team. It is a very well-run program. There were two drills operating, a RC and a DD drill, and the progress executing the planned 2015 program is impressive. Together with the supervisory field geologist I reviewed the assay results released today and discussed preliminary cross sections and interpretations of the exploration results to date. I also examined the drill core, including SRD15-156 which assayed at 40 m of 2.52 g/t gold including 9 m of 8.83 g/t gold, and noted the similarities between it and the core from both IAMGOLD’s Boto and B2Gold’s Fekola deposits. My conclusion is that the 2015 DD and RC infill drill program at Diakha continues to deliver positive drill results and the assay results reported today will be incorporated into the resource estimate planned for year-end. These results reinforce our enthusiasm for the gold discovery made last year at Diakha. I again extend my congratulations to the IAMGOLD exploration team.

Click here to read the full Merrex Gold Inc. (TSXV:MXI) press release.