-- Posted 31 March, 2011 | |
Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V) (ORXIF.PK)(“Orex”) is pleased to announce that its Phase-I diamond drilling program has commenced on the Las Mesas gold-silver project in northern Durango State, Mexico.
Las Mesas is a large grassroots exploration project located along a strongly altered portion of a major regional fault structure, with associated geophysical and geochemical anomalies. It is interpreted to contain the surface expressions of buried mineralized intrusive centres. Pathfinder elements match the “tops” halo pattern for gold-silver mineralization.
Gary Cope, President of Orex, says; “This is an opportunity to test an exciting new target area in the prolific Mexican Silver Trend. Las Mesas is a property option from the discovery team of La Cuesta International. These will be the first drill holes in the history of Las Mesas.”
Major Drilling de Mexico S.A. de C.V., of Hermosillo, Sonora, Mexico, has been contracted to provide drilling services for HQ size core, utilizing a UDR-200 rig. The Phase-I diamond drilling program will consist of 2,000 metres in the first of several target areas.
Las Mesas Project is a large mineral concession of 24,732 hectares. It is located on the Mesa Central, a high plateau region on the eastern flank of the Sierra Madre Occidental mountains. The project is centred about 43 km south of the mining town of Santa Maria del Oro and is about 45 km west-northwest of the La Pitarrilla silver-gold deposit of Silver Standard.
The “Mexican 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 Guanajuato, Real de Angeles, Zacatecas, Fresnillo, La Preciosa, La Pitarilla and Guanacevi mining camps.
La Cuesta has been involved in multiple major discoveries in Mexico, including the San Sebastian gold-silver mine (Hecla Mining), the San Agustin gold deposit and the La Pitarrilla silver deposit (Silver Standard) and the Camino Rojo gold deposit (Canplats / Goldcorp). Orex’s management team were also the discoverers of the La Preciosa silver-gold deposit (Orko Silver / Pan American Silver).
Ben Whiting, P.Geo., is the 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 portfolio of advanced, intermediate and grassroots projects, focusing on the exploration of prospective gold and gold-silver properties.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Orex Minerals Inc. at (604) 687-6310,
email email@example.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.
-- Posted 31 March, 2011 | |