-- Posted Thursday, 9 April 2009 | Digg This Article
| Source: GoldSeek.com
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 8, 2009 -- Orex Minerals Inc. (CDNX:REX.V - News) is pleased to announce that its joint venture partner Silverex S.A. de C.V. has mobilized an underground mining crew and a new portal has been constructed adjacent to Zambranena creek on the Santa Cruz Project in Durango, Mexico. Thirty-seven metres of crosscut has opened access to the Zambranena vein about 10 metres above the historic level 3, plus access to an old stope has been made. The Zambranena Mine was a high-grade, small scale operation, which operated over 100 years ago.
Underground chip sampling by Orex has started on the first 10 metres of drifting, with the following results from a steeply dipping silicified breccia:
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Sample Line Sample No. Width (m) Au (g/t) Ag (g/t) Ag-Eq (g/t)
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L1 2284 1.0 0.523 604.0 635.4
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L1 2285 1.0 1.030 110.0 171.8
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L1 2286 1.0 3.240 936.0 1,130.4
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--- Wt-Avg. 3.0 2.135 550.0 678.1
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L2 2287 1.0 3.030 940.0 1,121.8
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L2 2288 1.0 0.294 80.0 97.6
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--- Wt-Avg. 2.0 1.662 510.0 609.7
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L3 2289 1.1 4.370 6,040.0 6,302.2
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Gary Cope, President of Orex, adds, "We are excited by the recent results of over 6,000 g/t Silver in an area with minimal previous exploration. These results, combined with contracting for diamond drilling services to continue exploration in that district, give us high expectations for the Western District of Santa Cruz."
A contract for diamond drilling services has been signed with the Major Drilling Group International Inc. Major has already commenced mobilization and expects to begin drilling in the next few weeks on the Santa Cruz Project.
Phase-I diamond drilling is to take place in the Western structural district, where new road construction has provided access for the first time in the project's history. The initial phase of drilling will consist of approximately 3,000 metres in 8 to 10 holes, starting in the Zambranena area and continuing northwest toward the Carmen area.
Located in the Sierra Madre Occidental Mountains, Otaez Municipality, midway between Tayoltita (San Dimas) and Topia mining camps, the Santa Cruz Project is in one of the World's most prolific mineral belts. Santa Cruz is an epithermal gold-silver camp divided into three structural districts, Eastern, Central and Western, as well as the previously operating Santa Cruz Mine.
Silver-equivalent (Ag-Eq) for the purposes of this sampling program 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.
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
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release.
Contact:
Contacts:
Orex Minerals Inc.
Gary Cope
President
(604) 684-4691
(604) 684-4601 (FAX)
Email: info@orexminerals.com
Website: http://www.orexminerals.com
-- Posted Thursday, 9 April 2009 | Digg This Article | Source: GoldSeek.com
