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Dorex Minerals Inc.

Publié le 05 août 2010

Begins Summer Exploration

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DOREX MINERALS INC.

(DOX.V)

 

 

NEWS RELEASE

August 5, 2010                                   

 

 Dorex Begins Summer Exploration - Strawberry Flats Gold Project

 

Dorex Minerals Inc. ("Dorex" or the "Company") has received final approval from British Columbia Ministry of Mines to carry out its 2010 summer exploration program on the Strawberry Flats Gold Project located in Southern British Columbia, approximately 20 kilometres northwest of the historic Rossland Mining Camp, from where over three million ounces of gold have produced. 

 

The Company's 2010 exploration program is designed towards delineation of drill targets for a Phase II diamond drilling program by  confirming and expanding on historical work from the Property including a trenching program completed by Cameco in 1989-1990.  The 1989-1990 programs were conducted to follow-up on a potential bedrock source of gold-in-soil anomalies within the Strawberry Flats Gold Project.  Cameco's "Trench No. 5" averaged 7.04 g/t Au (from continuous one-metre-long chip samples) over its 12 metre length and exposed a seven metre wide fault zone with heavily silicified and pyrite-chalcopyrite-galena-sphalerite-iron-carbonate veined sections, with the a single two metre section reported to average 39.16 g/t Au and 6.55 g/t Ag.  Cameco's report indicated that the seven-metre-wide, west-northwest-trending mineralized structure exposed in Trench No. 5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.

 

Dorex plans to expand the historic soil grids on the Property and collect approximately 1,000 soil samples on a 50 x 50 metre systematic grid followed by mechanized trenching on historic and any newly generated geochemical anomalies generating  drill targets.

 

The Strawberry Flats Gold Project is adjoins the Jumping Josephine gold project owned by Astral Mining Corp. and Kootenay Gold Inc.  Drilling results from Astral on the Jumping Josephine main zone have included 10 metres of 9.95 g/t Au  and eight metres of 8.31 g/t gold.  In addition, Astral Mining Corp. has announced new geochemical anomalies discovered from its 2009, 4,600 soil sampling program on the Jumping Josephine project.  As with Trench No. 5 at the Strawberry Flats Gold Property, local high-grade concentrations of gold are common on Astral's Jumping Josephine project, including one-metre intervals of 50.2 g/t gold and 61.8 g/t gold.  In addition, Astral and Kootenay have applied for a 10,000-tonne bulk sampling permit from their Jumping Josephine main zone, where initial flotation tests averaged 98-per-cent gold recovery (see Astral news releases in Stockwatch on Oct. 15, 2009; Oct. 29, 2009; Dec. 16, 2009, Jan. 18, 2010, and Feb. 2, 2010; also see the Jumping Josephine technical report dated July 14, 2009 [on SEDAR]).

 

Dorex Minerals Inc. has option agreement with St. Elias Mines to earn 60% in the Strawberry Flats gold project. (see March 3, 2010, news release in Stockwatch).

 

Technical details contained in this news release have been reviewed by Paul D. Gray, P.Geo, a qualified person as defined in National Instrument 43-101.

 

 

*The geological information and analytical results reported above predate National Instrument 43-101, and are not National Instrument 43-101 compliant.  The Company has not undertaken any independent investigations of the dimensions, quantity or grade of this gold mineralization and while Company management considers this data as relevant, these historical data should not be relied upon.  It is the Company's intention to verify the historical data and confirmation work may produce results that differ substantially from the historic results.

 

ON BEHALF OF BOARD DIRECTORS

Julius Galik

President/CEO

 

 

Website: www.dorex.ca

 

 

Contact: Dorex Minerals Inc. 

Suite 705-1060 Alberni Street

Vancouver, BC

V6E 4K2

Ph.604 688 1160

Email dorexinc@gmail.com

 

 

 

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

 

 

 

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, 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 statement

 

 

 

 

 

 

Dorex Minerals Inc.

EXPLORATEUR
CODE : DOX.V
ISIN : CA2582301016
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Dorex Minerals est une société d’exploration minière d'argent et d'or basée au Canada.

Dorex Minerals détient divers projets d'exploration au Chili.

Ses principaux projets en exploration sont LUMBY BUFO au Canada et CARMELITA au Chili.

Dorex Minerals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 14,3 millions CA$ (11,8 millions US$, 9,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 0,91 CA$, et son plus bas niveau récent le 18 mai 2017 à 0,01 CA$.

Dorex Minerals possède 52 176 867 actions en circulation.

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