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Last C$0.11 CAD
Change Today 0.00 / 0.00%
Volume 161.7K
MXI On Other Exchanges
Symbol
Exchange
OTC US
Venture
As of 1:53 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

merrex gold inc (MXI) Snapshot

Open
C$0.11
Previous Close
C$0.11
Day High
C$0.11
Day Low
C$0.11
52 Week High
08/27/14 - C$0.24
52 Week Low
04/22/14 - C$0.03
Market Cap
16.3M
Average Volume 10 Days
148.1K
EPS TTM
--
Shares Outstanding
155.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MERREX GOLD INC (MXI)

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merrex gold inc (MXI) Details

Merrex Gold Inc., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties. Its principal properties include the Siribaya gold project, which consists of 6 contiguous exploration permits covering an area of approximately 800 square kilometers located in west Mali, Africa; and the Jubilee property, a zinc lead property that comprise 189 contiguous claims in the Little Narrows area of Cape Breton Island, in Nova Scotia, Canada. The company is headquartered in Bedford, Canada.

merrex gold inc (MXI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$200.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

merrex gold inc (MXI) Key Developments

Merrex Gold Announces Final 2014 Phase III Diamond Drilling Results at Siribaya's Diakha Discovery Zone

Merrex Gold Inc. announced the final assay results from the 2014 diamond drilling program at the Diakha Discovery Zone located on the Siribaya JV Gold Project: Hole 154 3 m at 15.01 g/t; 6 m at 10.53 g/t including 4 m at 15.83 g/t; Hole 150 4 m at 4.91 g/t; 8 m at 1.75 g/t; 10 m at 0.95 g/t; 8 m at 2.81 g/t. 2014 phase III diamond drill program: A phase III diamond drill program comprised of six holes totaling 1,075.5 meters of infill diamond drilling at the Siribaya gold project's Diakha discovery zone resumed on November 15th, 2014 following the end of the seasonal rains and continued until December 20th, 2014 breaking for the holiday season. All holes were drilled on a southeast orientation except for SRD 14-151 which was drilled in a northeast orientation to check the orientation of the mineralized zone. 2015 exploration program: The Siribaya camp was opened and drilling operations resumed January 16th, 2014. After two diamond drill holes were completed the drill rig was converted to RC and drilling continued. The Siribaya joint venture management committee has approved a USD 3.8 million work plans and budget in 2015 for the Siribaya gold project in West Mali. The primary focus of the 2015 drilling program is to complete an initial infill delineation drilling program on the Diakha discovery to enable completion of a maiden NI43-101 compliant resource estimate by year end as results may merit. A combination of reverse circulation and diamond drilling will be used. To February 20, 2015, 32 RC holes totaling 3,786 meters and 2 DD holes totaling 528 meters were completed.

Merrex Gold Inc. Reports Drilling Results for 2014; Provides Drilling Guidance for 2015

Merrex Gold Inc. reported drilling results for 2014. Drilling resumed at the Siribaya gold project's Diakha discovery zone on November 15th, 2014 following the end of the seasonal rains and continued until December 20th, 2014 breaking for the holiday season. A Phase III program of six holes of 1,075.5 metres of infill diamond drilling was completed within the Diakha discovery zone before the holiday break. All holes were drilled on a southeast orientation except for SRD 14-151 which was drilled in a northeast orientation to check the orientation of the mineralized zone. The company provided drilling guidance for 2015. The Siribaya camp was opened and drilling operations resumed January 16th, 2014. After two diamond drill holes were completed the drill rig was converted to RC and drilling continued. The Siribaya joint venture management committee has approved a USD 3.8 million work plan and budget for the Siribaya gold project in West Mali. The primary focus of the 2015 drilling program is to complete an initial infill delineation drilling program on the Diakha discovery to enable completion of a maiden NI43-101 compliant resource estimate by year end as results may merit. A combination of reverse circulation and diamond drilling will be used.

Merrex Gold, Inc. Commences­ USD 3.8 Million Drill Program for Diakha

Merrex Gold Inc. announced that the primary focus of the 2015 drilling program is to complete an initial infill delineation drilling program on the Diakha discovery to enable completion of a maiden NI43-101 compliant resource estimate by year end as results may merit. A combination of reverse circulation and diamond drilling will be used. The Siribaya camp is open. Drill crews and rigs are on site and drilling has commenced. The Diakha gold discovery is located in the western-most portion of the 910 km2 Siribaya exploration concessions approximately 10 kilometres south along strike of IAMGOLD's Boto gold discoveries and approximately 20 kilometres south along strike from B2Gold's 5,000,000 ounce Fekola deposit. The 2014 drill program of over 9,000 metres RC and over 2,400 metres DD confirmed the presence of multiple zones of gold mineralization over a wide area at significant widths and grades, in association with disseminated sulphide and albite-hematite-chlorite alteration in sandstone host rocks with little quartz veining. There is mineralization at both the SE & NW strike extensions. The mineralization and associated mineralization bears similarities to the Boto gold deposit. Based on these encouraging drill results, project operator IAMGOLD Corporation designed the 2015 exploration program to support completion of a NI43-101 maiden resource estimate by year end if results continue to be encouraging.

 

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