Orex Minerals Inc.

Published : September 20th, 2011

=?windows-1252?Q?Orex_Completes_First_Phase_Ground_Geophysical_Surveys_Over_The_Barsele_Gold_Project

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Keywords :   Diamond | Finland | G Mexico | Gold | Mexico | Recovery | Silver | Sweden | Zinc |

September 20, 2011                                                                                                

TSX Venture Exchange

Trading Symbol: REX

Tier 2

 

Orex Completes First Phase Ground Geophysical Surveys Over The Barsele Gold Project, Sweden

Vancouver, B.C. � Orex Minerals Inc. � (REX: TSX-V) (�Orex�) is pleased to announce that Finland-based Suomen Malmi Oy (SMOY) and LeBel Geophysics are involved with ground follow-up surveys resultant from the 2,500 line kilometres of airborne geophysical surveying completed in July 2011 at our Barsele Gold Project in Sweden.

The majority of the new anomalous targets lie outside of the known mineralized zones. Follow-up of the gold and VMS targets by way of geological examination, and ground magnetic and induced polarization (IP) and electromagnetic (EM) surveying is underway.

Initially 12 gold targets and 25 VMS targets were outlined as warranting follow-up. SMOY is carrying out the IP surveying, toward detection of the disseminated-style of mineralization associated with the Central, Avan and Skriasen Zones at Barsele, wherein, gold mineralization is associated with non-magnetic dioritic intrusive rocks, indicated by magnetic lows.  A minimum of 50 line kilometres is in process.

To date, 9 VMS targets have been surveyed by LeBel Geophysics, utilizing a very low frequency (VLF) EM method, which has proved efficient and successful in characterizing the airborne EM VMS targets.  Preliminary analysis of the VLF-EM surveying to date suggests an extension of the Norra base/precious metal deposit and shows other VMS targets with favourable geophysical signatures with respect to VMS-style mineralization. Examination of government archives revealed a historic high-grade float boulder discovered within the property grading 30 g/t gold and 5% zinc, which is believed to be associated with one of the anomalies located up-ice within the claims.

Gary Cope, President of Orex, says, �We are looking forward to finalizing the initial phase of ground geophysics with plans to commence Diamond drilling on our priority targets, presently scheduled to begin during the month of October.�

 

The Barsele Project is located some 40 kilometres southeast of the town of Storuman in V�sterbottens L�n, a regional district of northern Sweden approximately 600 km due north of Stockholm. On February 28, 2011, Orex released a NI 43-101 compliant resource estimate for Barsele, with 382,000 ounces Indicated @ 1.2 g/t Au and 648,000 ounces Inferred @ 1.0 g/t Au, using a 0.6 g/t Au cutoff.

 

On the Coneto project in Central Durango State Mexico, Orex is negotiating the final details on a Joint Venture with Fresnillo PLC.

 

Art Freeze, P.Geo., a director of Orex, is a Qualified Person as defined in NI43-101 and takes responsibility for the technical disclosure in this news release.

 

 

About Orex Minerals Inc.

 

Orex Minerals Inc. is a junior mineral exploration company comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and gold-silver properties in Sweden and Mexico.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

Gary Cope

President

 

For further information, contact Orex Minerals Inc. at (604) 687-6310,

email info@orexminerals.com or visit our website at www.orexminerals.com

 

 This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orex relies upon litigation protection for forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Data and Statistics for these countries : Finland | Mexico | Sweden | All
Gold and Silver Prices for these countries : Finland | Mexico | Sweden | All

Orex Minerals Inc.

EXPLORATION STAGE
CODE : REX.V
ISIN : CA68616X1006
CUSIP : 68616Q
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Orex Minerals is a silver and gold exploration company based in Canada.

Orex Minerals holds various exploration projects in Mexico.

Its main exploration properties are EL TIGRE, LAS SORPRESAS and PAMEL in Peru, BARSELE in Sweden and CONETO, SANTA CRUZ and LAS MESAS DURANGO in Mexico.

Orex Minerals is listed in Canada. Its market capitalisation is CA$ 28.9 millions as of today (US$ 23.1 millions, € 21.7 millions).

Its stock quote reached its highest recent level on August 12, 2016 at CA$ 1.38, and its lowest recent point on August 11, 2023 at CA$ 0.02.

Orex Minerals has 113 430 000 shares outstanding.

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Financings of Orex Minerals Inc.
1/16/2015Announces Private Placement
9/25/2013Announces Non-Brokered Private Placement
9/6/2013Announces Private Placements
4/26/2013Closes Non-Brokered Private Placement
2/18/2013Announces Non-Brokered Private Placement
9/24/2012Closes Non-Brokered Private Placement
9/29/2008=?windows-1252?Q?OREX_ANNOUNCES_$1,200,000_NON-BROKERED_PRIV...
6/2/2008Announces $5,302,500 Brokered Private Placement
Option Grants of Orex Minerals Inc.
4/11/2013Engages Communications and Investor Relations Consultant
10/30/2012Ends Investor Relations Agreement
Project news of Orex Minerals Inc.
4/22/2015(Coneto)Fresnillo Restarts Diamond Drilling on the Coneto Gold-Silve...
3/19/2015(Coneto)Fresnillo Proceeds to Phase-IV Diamond Drilling on the Conet...
2/23/2015(Barsele)and Agnico Eagle sign a Letter of Intent for a Joint Venture...
12/8/2014(Coneto)Drilling Extends Loma Verde and Promontorio Veins on the Con...
10/21/2013(Barsele)Minerals Inc. Closes Amended Barsele Acquisition
10/3/2013(Barsele)Announces Completion of Barsele Acquisition
5/3/2013(Barsele)Amends Barsele Acquisition Agreement to Defer Cash Payment a...
3/25/2013(Coneto)Minerals Inc.: Third Drilling Rig Added to the Coneto Gold-S...
10/9/2012(Coneto)and Fresnillo Add Second Drilling Rig To Coneto Silver-Gold ...
8/27/2012(Coneto)and Fresnillo Commence Drilling at Coneto Silver-Gold Projec...
7/23/2011(Barsele)Orex Completes Airborne Geophysical Survey Over The Barsele ...
5/9/2011(Barsele)Initiates Airborne Geophysical Survey Over Barsele Gold Proj...
5/2/2011(Barsele)Minerals Completes Purchase of Barsele Gold Project
3/31/2011(Las Mesas Durango)Diamond Drilling has Started on Orex’s “Las Mesas” Gold-Silv...
3/23/2011(Barsele)Signs Final Agreement to Acquire Barsele Gold Project
8/9/2010(Coneto)Extends Gold and Silver in the Loma Verde Sector of the Cone...
7/6/2010(Coneto)Progress Report on Orex's Drilling Program at the Coneto Gol...
4/27/2010(Coneto)Diamond Drilling to Commence on Orex’s Coneto Gold-Silver Pr...
2/9/2010(Coneto)Awards Diamond Drilling Contract to Major Drilling for the C...
1/11/2010(Coneto)Expands Mineral Concessions at Coneto Project Request for Pr...
11/17/2009(Coneto)Coneto Project Yields High Gold and Silver Values
Corporate news of Orex Minerals Inc.
7/12/2016Orex Minerals Inc. Joins the OTCQX Market in the United Stat...
7/12/2016Orex Starts a 3,000 Metres Drilling Program on the Sandra Es...
6/20/2016A 5,000 Metres Diamond Drilling Program will be Conducted on...
5/31/2016Orex Hits Silver in a Step-Out Hole 350 Metres West of the M...
5/24/2016Orex Continues to Hit Silver on the Sandra Escobar Project i...
1/30/2016Orex Grants Stock Options
1/25/2016Orex Hits 61 Metres Grading 359 g/t Silver from Surface at t...
9/25/2015Orex and Barsele Announce Completion of the Spin Out of Orex...
9/24/2015Fresnillo has Completed $6 Million Investment in the Coneto ...
9/23/2015Orex Shareholders, Optionholders and Warrantholders Vote in ...
9/18/2015Orex Closes Non-Brokered Private Placement
9/15/2015Orex Options the Sandra Escobar Silver-Gold Project in Duran...
8/10/2015Multiple Structures Yield High Grade Gold-Silver in Step Out...
8/6/2015Orex Executes Definitive Agreement to Spin Out Its Interest ...
8/6/2015IIROC Trading Resumption - REX
8/6/2015IIROC Trading Halt - REX
7/24/2015Orex Applies to Extend Warrants
7/3/2015Orex Grants Stock Options
2/23/2015Orex and Agnico Eagle sign a Letter of Intent for a Joint Ve...
2/23/2015Orex and Agnico Eagle sign a Letter of Intent for a Joint Ve...
1/19/2015Orex Closes Non-Brokered Private Placement
1/16/2015Orex Announces Private Placement
12/19/2014Orex Reports Balance of Drilling Results from 2014 Fieldwork...
12/19/2014Orex Reports Balance of Drilling Results from 2014 Fieldwork...
12/19/2014Reports Balance of Drilling Results from 2014 Fieldwork on t...
12/9/2014Orex Commences Drilling on the Los Crestones Gold-Silver-Cop...
12/9/2014Orex Commences Drilling on the Los Crestones Gold-Silver-Cop...
12/8/2014Drilling Extends Loma Verde and Promontorio Veins on the Con...
12/8/2014Drilling Extends Loma Verde and Promontorio Veins on the Con...
11/18/2014Drilling Continues to the Southeast on the Coneto Gold-Silve...
11/14/2014Orex Concludes 2014 Fieldwork on the Jumping Josephine Gold-...
11/14/2014Orex Concludes 2014 Fieldwork on the Jumping Josephine Gold-...
11/14/2014Concludes 2014 Fieldwork on the Jumping Josephine Gold-Silve...
10/15/2014Orex has awarded a 5,000 Metre Drilling Contract for the Los...
10/15/2014Orex has awarded a 5,000 Metre Drilling Contract for the Los...
10/15/2014has awarded a 5,000 Metre Drilling Contract for the Los Cres...
9/10/2014Orex Grants Stock Options
8/21/2014Fresnillo Proceeding to Second Option Stage on Coneto Projec...
9/18/2013Minerals Inc. (TSX.V:REX) Closes $2-Million Private Placemen...
8/20/2013Minerals Inc.: Additional Gold and Silver Results Received f...
7/10/2013Minerals Inc.: Attractive Gold and Silver Results Received f...
7/3/2013Options Claims Strategically Located Near Colorado Resources...
3/25/2013(Coneto)=?windows-1252?Q?Third_Drilling_Rig_Added_to_the_Coneto_Gold...
3/18/2013Letter from the President
2/13/2013and Astral Announce Completion of Arrangement
2/1/2013Announces Proposed Spin Out
1/21/2013Astral Announces Annual General and Special Meeting
1/7/2013(Coneto)=?windows-1252?Q?Orex_reports_2.7_Metres_Grading_840_g/t_Sil...
12/10/2012and Astral Announce Signing of Arrangement Agreement
11/7/2012(Coneto)=?windows-1252?Q?Orex_reports_10_Metres_Grading_300_g/t_Silv...
11/7/2012(Coneto)Reports 10 Metres Grading 300 g/t Silver-Equivalent on the C...
10/15/2012and Astral Announce Merger by way of Plan of Arrangement
10/9/2012(Coneto)=?windows-1252?Q?Orex_and_Fresnillo_Add_Second_Drilling_Rig_...
7/18/2012=?windows-1252?Q?Orex_and_Fresnillo_Award_a_12,000_Metre_Dia...
4/20/2012BTV Profiles Orex Minerals Inc.
2/22/2012(Barsele)=?windows-1252?Q?Orex_Provides_Results_for_the_First_Diamond...
2/2/2012(Coneto)=?windows-1252?Q?Orex_Minerals_Inc._and_Fresnillo_Plc_Sign_A...
1/4/2012(Barsele)=?windows-1252?Q?Orex_Provides_Update_on_Drilling_at_Barsele...
9/20/2011(Barsele)=?windows-1252?Q?Orex_Completes_First_Phase_Ground_Geophysic...
5/24/2011Engages Sigorex as New Investor Relations Consultant
4/4/2011=?windows-1252?Q?Orex_Awards_Airborne_Geophysical_Survey_Con...
3/4/2011=?windows-1252?Q?Orex_Closes_4,653,000_Unit_Non-Brokered_Pri...
3/3/2011=?windows-1252?Q?Indicated_Mineral_Resources_of_382,000_gold...
5/4/2010Commences drilling on the Coneto Gold-Silver Project
8/31/2009Geological Work Commences on Coneto Silver-Gold Project in M...
7/16/2009Signs Letter of Intent to Purchase 100% of Core Claims in Co...
9/2/2008Commencement of Production at Santa Cruz
5/12/2008Completes Mill Upgrading
1/31/2008Orex Minerals Provides Santa Cruz Project Update
11/19/2007Work Program Underway on Santa Cruz Property
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