High Grade Mineralization At Komahun Project

TORONTO, ON - AXMIN Inc. reported that the last drill results from the 2008 program continue to deliver very good grades over excellent widths at the Komahun Gold Project, Nimini Hills, Sierra Leone. The assays include 3.9 g/t Au over 46.7 metres, 7.2 g/t Au over 10.5 metres and 6.4 g/t Au over 7.2 metres from holes intersecting the mineralisation at vertical depths of approximately 300-350 metres beneath the surface. Mineralisation remains open to depth.
President and Chief Executive Officer, Mario Caron comments "These results continue to demonstrate the strong continuity of grade and width to depth at the Komahun Project. With all relevant data now in hand, we can anticipate a resource update to be completed shortly. Moreover, with mineralisation open to depth, justification is emerging for commissioning a scoping study to determine the parameters for development through underground mining."
The program focused primarily on the main zone of about 400 metres strike length with five holes directed at two zones of possible southerly extension. The main zone has now been drilled on fences of variably 40-80 metre spacing, to a vertical depth over much of its length of 300-350 metres. Outcrop of the mineralisation sits on the upper slopes of a steep ridge line, lying about 140 metres above the surrounding broad valley floors which would facilitate access through adits.
The company's address is 120 Adelaide Street West, Suite 2500, Toronto, ON M5H 1T1, 416-368-0993, fax: 416-367-1954, email: [email protected], www.axmininc.com.