Financial Wire

Roxmore Resources Enlarges Converse Project's Land Position by 70%

-- Roxmore Resources (RM.TO), which fell 2.9% on Thursday, said Friday it has expanded its land position at the Converse Gold Project in Nevada from 7,784 acres to 13,257 acres, or 70%, over the past six months through a combination of claim staking and private land acquisitions.

Roxmore in a statements added offers "additional flexibility for future project design" and a "more efficient layout of mining infrastructure".

The company plans to release Converse's preliminary economic assessment as well as additional results from the current drill program in the second quarter. It expects to report the results of the silver re-assay program in the third quarter of this year.

Roxmore shares closed down $0.15, to $5.10 on Thursday on the Toronto Stock Exchange.

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Roxmore Resources Enlarges Converse Project's Land Position by 70% | Financial Wire