TORONTO, ONTARIO--(Marketwire - Mar 25, 2013) - Rockex Mining Corporation ("Rockex" or the "Company") (RXM.TO) is pleased to announce its recent hire of Mohammed A. Khan, a geologist and iron ore expert who worked on Rockex's Eagle Island deposit when the project was owned by Algoma Steel. At the time, Mr. Khan was Chief Geologist for the Algoma Steel Corporation and was directly responsible for Eagle Island's exploration and development. His responsibilities included managing the projects diamond drilling and geological/geophysical interpretation, metallurgical testing and the design of the open pit layout. Mr. Khan brings a wealth of knowledge specific to Rockex's flagship project and the Company looks forward to his guidance through its Preliminary Economic Assessment process.
Rockex is also pleased to announce the hiring of Stephen Stewart as the Company's Vice President of Corporate Development. Mr. Stewart has 15 years of experience in identifying, evaluating and assisting in the development of resource projects. Mr. Stewart will assist Rockex in marketing its assets to the capital markets and potential strategic partners.
"I and our Board welcome Mr. Khan and Mr. Stewart as their strengths in iron ore and the capital markets help strengthen our team as we move our Eagle Island project towards the Preliminary Economic Assessment stage," said Ted Yew, Rockex President and CEO.
About Rockex Mining Corporation
Rockex's Western Lake St. Joseph Project - which includes the Eagle Island Deposit, as well as additional potential deposits at Wolf Island and Fish Island - consists of a 100% interest in 23 contiguous mining claims and covers a nominal area of approximately 5,392 hectares located approximately 100 kilometres northeast of Sioux Lookout and 80 kilometres south-southwest of Pickle Lake. Rockex received a NI 43-101 mineral resources estimate for its Eagle Island Deposit concluding that, at an 18% Soluble Iron cut-off grade, there are Indicated Mineral Resources of 590,847,000 tonnes grading 28.84% Fe and Inferred Mineral Resources of 415,757,000 tonnes grading 29.47% Fe in the Eagle Island Deposit (see press release dated February 3, 2011 and the related Technical Report filed on SEDAR).
In addition, Rockex holds a 100% interest in three other iron projects in relative close proximity to the Western Lake St. Joseph Project: (i) East Soules Bay, a property consisting of 9 contiguous mining claims (1,408 hectares) in and along the eastern end of Lake St. Joseph, approximately 40 kilometres east of Rockex's Western Lake St. Joseph Iron Project, (ii) the Doran Lake Property consisting of 4 contiguous mining claims (832 hectares) in and along the north shore of Doran Lake, south of Lake St. Joseph, approximately midway between the Western Lake St. Joseph Iron Project and the East Soules Bay Project and (iii) the Root Lake Project, a property consisting of 4 contiguous claims (832 hectares), approximately 100 kilometres north of Sioux Lookout near the central part of Lake St. Joseph.
Please visit the Rockex's website at www.rockexmining.com.
Forward Looking Information: This news release may contain or refer to forward-looking information. All information other than statements of historical fact that address activities, events or developments that Rockex believes, expects or anticipates will or may occur in the future are forward-looking statements. This forward-looking information is subject to a variety of risks and uncertainties beyond Rockex's ability to control or predict that may cause actual events or results to differ materially from those described in such forward-looking information. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Rockex disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although Rockex believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be placed on this forward-looking information due to the inherent uncertainty thereof.