Orex Minerals Inc. Coneto Project Yields High Gold and Silver Values by 24hgold

Mots clés associés : G Mexico |

November 17, 2009 TSX Venture Exchange

Trading Symbol: REX

Orex?s Coneto Project Yields High Gold and Silver Values

Vancouver, B.C. ? Orex Minerals Inc. ? (REX: TSX-V) is pleased to present an interim reporting on the geological program at the Coneto silver-gold mining camp in Durango State, Mexico.

In order to better define drilling targets, the southeastern region of the property has undergone extensive surface examination. This testing clearly illustrates strong parallel mineralized structures for gold and silver, as well as for pathfinder elements.

As of the end of October, regional geology mapping at 1:10,000 scale covers 23 km² and detailed structural geology mapping at 1:500 scale covers 10 km². Thirty-three line-kilometres of geochemical sampling, both for soil and rock channel/chip/grab, total 842 samples. Some of the highlights of rock channel sampling are presented in the table below.

Promontorio and Impulsora sectors yielded multiple anomalous values for gold and silver. High among these are the Promontorio channel sample #4154, which yielded true width 1.0 m grading gold 5.97 g/t and silver 272.0 g/t for a silver-equivalent of 630.2 g/t and #351 which yielded 1.5 m grading gold 3.01 g/t and silver 289.0 g/t for a silver-equivalent of 469.6 g/t. Impulsora #4586 yielded 1.2 m grading gold 4.12 g/t and silver 278.0 g/t for a silver-equivalent of 525.2 g/t.

Gary Cope, President of Orex, says; "We are very pleased with the surface results to date for gold and silver. Progress is being made in understanding this large mining camp and we look forward to an active drilling program."

Geological mapping and sampling is continuing to the northwest. Due to timing of permits and the general slowdown associated with the Christmas season in Mexico, the Phase-I drilling campaign is now planned to start early in the new year.

Rock sampling highlights

Sector	Sample	Rock	Sample	True	Au	Ag	AgEq
	Number	Type	Type	Width (m)	(g/t)	(g/t)	(g/t)

Promontorio	351	STWK	Channel	1.5	3.01	289.0	469.6
Isla Sur	354	VEIN	Channel	2.0	1.86	64.0	175.6
Isla Sur	355	BRXX	Channel	0.8	0.43	83.0	108.8
Isla Sur	361	VEIN	Channel	2.0	0.85	72.0	122.8
Isla Sur	362	VEIN	Channel	2.0	0.90	49.0	102.8
Promontorio	4154	VEIN	Channel	1.0	5.97	272.0	630.2
Promontorio	4164	BRXX	Channel	1.5	2.45	6.0	153.0
Promontorio	4165	VEIN	Channel	1.5	1.28	6.0	82.8
Promontorio	4166	BRXX	Channel	1.5	2.31	102.0	240.6
Promontorio	4195	VEIN	Channel	1.4	1.92	106.0	221.2
Promontorio	4196	VNST	Channel	2.8	1.63	53.0	150.8
Promontorio	4197	VNST	Channel	1.8	4.89	11.0	304.4
Impulsora	4204	STWK	Channel	1.3	2.11	12.0	138.6
Impulsora	4213	VNBX	Channel	0.7	5.03	76.0	377.8
Promontorio	4245	STWK	Channel	2.5	1.26	12.0	87.6
Promontorio	4248	STWK	Channel	2.3	1.12	13.0	80.2
Impulsora	4276	ANVT	Channel	2.0	1.12	5.0	72.2
Promontorio	4283	BRXX	Channel	1.7	0.23	101.0	115.0
Promontorio	4321	BRXX	Channel	1.6	0.37	83.0	105.3
Promontorio	4329	STWK	Channel	2.0	3.33	8.0	207.8
Promontorio	4331	STWK	Channel	2.0	2.10	15.0	141.0
Promontorio	4338	STWK	Channel	2.0	2.65	1.5	160.5
Unnamed	4365	ANVT	Channel	0.5	1.13	22.0	89.8
Unnamed	4371	VEIN	Channel	1.5	0.99	47.0	106.5
Unnamed	4406	ANVT	Chips	1.5	1.96	180.0	297.6
Promontorio	4420	BRXX	Channel	1.0	0.88	144.0	196.7
Promontorio	4422	ANVT	Channel	1.2	1.52	237.0	328.2
Impulsora	4430	VEIN	Channel	1.0	1.34	129.0	209.4
Impulsora	4433	ANVT	Channel	2.0	1.34	18.0	98.4
Impulsora	4455	VEIN	Channel	1.0	1.22	173.0	246.2
Impulsora	4456	ANVT	Channel	2.0	2.71	96.0	258.6
Promontorio	4462	STWK	Chips	1.0	1.13	27.0	94.8
Promontorio	4463	ANVT	Chips	1.0	1.95	5.0	122.0
Impulsora	4530	BRXX	Channel	1.7	1.02	26.0	87.2
Impulsora	4531	BRXX	Channel	1.0	1.84	92.0	202.4
Impulsora	4532	BRXX	Channel	1.1	1.20	46.0	118.0
Colemanito	4568	VEIN	Channel	1.0	0.68	127.0	168.0
Impulsora	4576	BRXX	Channel	1.0	1.84	211.0	321.4
Impulsora	4577	ANVT	Channel	1.0	1.96	168.0	285.6
Impulsora	4586	BRXX	Channel	1.2	4.12	278.0	525.2
Impulsora	4588	BRXX	Channel	1.0	1.68	77.0	177.8
Impulsora	4589	ANVT	Channel	2.0	1.25	55.0	130.0
Colemanito	4606	VEIN	Channel	1.0	2.10	35.0	161.0
Descubridora	4621	ANVT	Channel	1.3	0.76	97.0	142.7
Colemanito	4633	ANVT	Channel	0.5	0.14	107.0	115.1
Colemanito	4635	VEIN	Channel	1.2	0.13	134.0	141.6
Colemanito	4637	BRXX	Channel	1.8	3.17	13.0	203.2
Impulsora	4644	BRXX	Channel	1.5	2.16	109.0	238.6
Calaveras	4800	ANVT	Channel	0.6	0.17	99.0	109.3
Pobre	4826	VEIN	Grab	n/a	1.16	436.0	505.6
Pobre	4827	ANVT	Channel	1.1	0.21	288.0	300.4
Unnamed	4832	ANVT	Chips	1.8	1.05	43.0	106.0

Maps of the geochemical program can be found on the Orex website at the following address: www.orexminerals.com

This interim report covers 118 B-horizon soil, 374 rock channel, 349 rock chip and 1 rock grab totaling 842 samples, ranging from trace to 5.97 g/t for gold and trace to 436 g/t for silver. SGS Mineral Services, a certified commercial laboratory in Durango, Mexico, performed the analytical testing by fire assay with atomic absorption finish, and multi-element inductively coupled plasma analyses. A QA/QC program is in place for sample collection through to laboratory analysis. Host rock is primarily andesite of the Triassic Lower Volcanic Group. Sample rock type abbreviations used in this news release are ANVT andesite with quartz veinlets, BRXX breccia, STWK stockwork, VEIN quartz vein, VNBX vein breccias and VNST vein stockwork.

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 30 epithermal silver-gold vein structures have been identified at Coneto. The initial Orex program consists of detailed structural geology mapping and geochemical sampling in the areas around Calaveras, Colemanito, Promontorio, Loma Verde, Durazno and Impulsora. 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.

Silver-equivalent for the purposes of this news release is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silver-equivalent value. Base metal values are not included in the silver-equivalent value.

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.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.