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Fresnillo Ltd.

Publié le 19 mars 2015

Fresnillo Proceeds to Phase-IV Diamond Drilling on the Coneto Gold-Silver Project in Durango, Mexico

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Mots clés associés :   Copper | G Mexico |

Fresnillo Proceeds to Phase-IV Diamond Drilling on the Coneto Gold-Silver Project in Durango, Mexico

Fresnillo Proceeds to Phase-IV Diamond Drilling on the Coneto Gold-Silver Project in Durango, Mexico

Vancouver, BC - Orex Minerals Inc. - (TSX-V: REX) ("Orex"), and their project partner Fresnillo PLC (LSE: FRES) ("Fresnillo"), are scheduling a Phase-IV exploration diamond drilling program of approximately 4,500 metres for the Coneto Gold-Silver Project in Durango, Mexico. Drilling is expected to re-commence in April 2015.

The first three phases of drilling, totaling 28,700 metres in 82 holes, targeted multiple mineralized structures throughout the Coneto Mining District. This fourth phase is intended to test down dip and along strike from gold-silver intercepts on the La Bufa, Santo Niño, Loma Verde, Impulsora, Durazno and Promontorio structures in about 100 metre step-outs.

Orex's President, Gary Cope says, "We are encouraged by the progress on the Coneto Project and look forward to this new drilling leading to a preliminary Resource Estimate."

The Santo Niño, La Bufa, Loma Verde, Durazno and Impulsora are steeply dipping, sub parallel epithermal quartz veins. Promontorio is a quartz-hematite stockwork zone, with veining. These structures are hosted in Tertiary andesites of the Lower Volcanic Sequence, exposed in a window below the Upper Volcanic Sequence rhyolites. Veins are in a northwest oriented corridor extending for over 17 kilometres.

Coneto Mining District - Durango, Mexico

The historic Coneto Mining District is situated in the heart of the "Mexican Silver Trend", on the Mesa Central, stretching from Guanajuato in the southeast, through to the states of Zacatecas and Durango. This prolific trend hosts some of the world's largest silver camps and deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles, and Zacatecas.

Orex and Fresnillo hold extensive contiguous mineral concessions in the Coneto Mining District, which collectively total approximately 17,600 hectares and cover multiple mineralized epithermal quartz veins.

Ben Whiting, P.Geo., is a Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure contained within this news release.

ABOUT OREX MINERALS INC.

Orex Minerals Inc. (TSX-V: REX) is a Canadian-based junior exploration company comprised of highly qualified international mining professionals. The Company has several active projects: the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Jumping Josephine Gold-Silver Project in British Columbia, the Barsele Gold Project in Sweden (currently being transferred to a joint-venture with Agnico Eagle Mines Ltd.) and the Coneto Gold-Silver Project in Durango, Mexico, which is under option to Fresnillo plc.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, please contact Orex Minerals Inc. at (604) 687-8566 x227,
email [email protected] 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 and Orex undertakes no obligation to update such statements, except as required by law.

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.

Lire la suite de l'article sur www.noodls.com

Fresnillo Ltd.

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CODE : FRES.L
ISIN : GB00B2QPKJ12
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Fresnillo est une société de production minière de zinc et de plomb basée au Mexique.

Fresnillo est productrice de zinc, de plomb, d'argent, de cuivre et d'or au Mexique, en développement de projets d'argent et d'or au Mexique.

Ses principaux projets en production sont CIÉNEGA, HERRADURA, FRESNILLO, SABINAS, SOLEDAD & DIPOLOS, ORISYVO et SAN JUAN - FRESNILLO au Mexique, son principal projet en développement est SAUCITO au Mexique et ses principaux projets en exploration sont SAN JULIAN - FRESNILLO, JUANICIPIO et NOCHE BUENA au Mexique.

Fresnillo est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 566,5 milliards GBX (677,7 milliards US$, 593,7 milliards €).

La valeur de son action a atteint son plus haut niveau récent le 17 juillet 2020 à 998,60 GBX, et son plus bas niveau récent le 30 septembre 2022 à 769,20 GBX.

Fresnillo possède 736 500 000 actions en circulation.

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