February 09, 2010 TSX Venture Exchange
Trading Symbol: REX
Orex Awards Diamond Drilling Contract to Major Drilling
for the Coneto Gold-Silver Project in Durango, Mexico
Vancouver, B.C. ? Orex Minerals Inc. ? (REX: TSX-V) is pleased to announce the awarding of a diamond drilling contract to Major Drilling de Mexico, S.A. de C.V. for exploration on the Coneto Gold-Silver Project in Durango State, Mexico.
The initial Phase-I diamond drilling program is planned for approximately 5,000 metres of HQ and NQ diameter core, in 10 to 12 holes, utilizing a surface UDR-200 rig.
Gary Cope, President of Orex, says; "We are very encouraged by the progress of geological mapping and sampling on the Coneto Project to date and look forward to the start of diamond drilling. We will be drill testing at least four targets in Phase-I."
Located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains, Coneto is centrally positioned in the "Mexican Silver Trend". This silver trend, stretching from Guanajuato in the southeast, through the states of Zacatecas and Durango, hosts some of the World?s largest silver deposits, including the Real de Angeles, Zacatecas, Fresnillo, La Preciosa, and La Pitarrilla mining camps.
Over 40 epithermal silver-gold vein structures have been identified at Coneto. The initial Orex program has consisted of detailed structural geology mapping and geochemical sampling in the central, west and southeast areas. This program is designed to guide a diamond drilling program.
Ben Whiting, P.Geo., is the Qualified Person 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 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.
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Orex Minerals Inc.
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EXPLORATEUR |
CODE : REX.V |
ISIN : CA68616X1006 |
CUSIP : 68616Q |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Orex Minerals est une société d’exploration minière d'argent et d'or basée au Canada. Orex Minerals détient divers projets d'exploration au Mexique. Ses principaux projets en exploration sont EL TIGRE, LAS SORPRESAS et PAMEL au Perou, BARSELE en Suede et CONETO, SANTA CRUZ et LAS MESAS DURANGO au Mexique. Orex Minerals est cotée au Canada. Sa capitalisation boursière aujourd'hui est 28,4 millions CA$ (20,8 millions US$, 19,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 août 2016 à 1,38 CA$, et son plus bas niveau récent le 11 août 2023 à 0,02 CA$. Orex Minerals possède 113 430 000 actions en circulation. |