MICREX DEVELOPMENT CORP.
A mineral exploration and development company operating in Canada and the United States
TSX Venture Exchange symbol "MIX"
SEC 12 g (3) Exemption 82-4281
For immediate release
October 25, 2004
The exciting assay results (gold assays as high as 121.16 grams (3.9 oz.) per tonne, silver assays as high as 56.9 grams (1.83 oz) per tonne) reported in the news release of June 26, 2002 encouraged Micrex to stake a large area covering the remainder of the potential mineralized zone.Bighorn Exploration Activity
Micrex announced today that the team from Apex Geoscience has completed the recently announced exploration program at the Bighorn Property in northern B.C.
The exploration crew was tasked with following up on the positive assay results from previous exploration.
As reported in the Micrex July 29, 2002 Press Release;
Micrex believes there is a high probability that the high-grade vein system, found at the existing mine site, represents only a small part of the mineral potential in the area.
Micrex wanted to evaluate other structures and rock types with the idea that they might offer the potential for a bulk tonnage deposit and the recent sampling program has confirmed this approach as assays from this new area gave values as high as 18.25 grams (0.586 oz) of gold per tonne.
Silver assayed as high as 8.8 grams (0.283 oz) per tonne.
By interpolating existing data this exploration team successfully identified another area of mineralization that extends out from the high-grade zone.
Four new claims were staked over this extension that has been tracked for over 400 metres.
Samples were taken over this zone and the assay results will be announced in the near future.
Follow-up samples were taken from the previously identified high-grade sample areas with the aim of delineating drill targets.
Micrex has been keenly aware of the potential of the area to host bulk tonnage rather than just vein restricted resources and the drilling plan had to address that potential.
Previous exploration to test that idea has given excellent assay results from areas of alteration outside of the obvious vein structures.
This latest exploration program has provided further support for that idea.
Two areas were prospected that have alteration zones of significant size that can be linked to previous high grade assay results.
One zone over 30 metres wide of bleaching, silification, localized gossans and disseminated sulphides has been linked to a 2001 sample that yielded 82.1 grams per tonne gold.
Another zone of alteration 20 metres wide has been linked to a sample from previous work that assayed 8.1 grams gold per tonne.
This latest staking has increased the mineralized area under claim by over one third, covering over three square miles of highly selected mineralization. That mineralization has been linked to the assays previously announced and represents massive potential for both vein hosted and bulk tonnage gold.
Drilling plans are currently being adjusted and expanded to include the mineralized zone just staked with those areas already identified within the Bighorn Claims.
Further information may be obtained from Perry Meszaros or S.E. Marshall at (780) 448-0922
or email at mixinfo-1@micrex.net
MICREX DEVELOPMENT CORP.
Peace River Diamond Property Burmis Magnetite/Titanium Property St. Charles de Bourget Magnetite/Titanium Property Fort Steel Placer Property Bighorn Gold Mine Banks Gold Mine Mount Royal Gold Mine Deadwood Gold Mine Sunburst Gold Property
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