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Orex Minerals Inc.

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Summary

Project:

Coneto

Deposit:Coneto
Location:Mexico
Commodities:Silver-Gold
Date:3/24/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:24-3-2017: Orex Minerals Inc. announces an Exploration/Drilling Update report for its Coneto deposit at the Coneto project. JV with Fresnillo Plc, drilling results incl. 44.75m @ 0.42g/t Au, 2g/t Ag from 473.30m. Orex Minerals Inc. -- (TSX-V: REX -- OTCQX
Resources:x
CP/QP:[Overall Report]: Ben Whiting (Internal)
ABSTRACT:Orex Minerals Inc. -- (TSX-V: REX -- OTCQX: ORMNF) ("Orex"), announces that project partner Fresnillo PLC (LSE: FRES -- BMV: FRES) ("Fresnillo"), has completed a Phase-V exploration diamond drilling program of 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. The Coneto Project is a joint venture, with ownership of 55/45% between Fresnillo and Orex. A Technical Committee, with membership from both companies, guides the exploration programs. The Phase-V drilling program tested a variety of targets across the Coneto property. In total, there were 5,214.90 metres in 11 holes. Three holes were drilled in the Northern Zone (La Bufa, Santo Niño), three holes in the Western Zone (Loma Verde), four holes in the Southern Zone (Durazno, Nogales, Promontorio) and one hole in the Central Zone (Descubridora). Orex's President, Gary Cope says, "This drilling program continues to expand our understanding of the multiple structures on the Coneto Project and we are planning additional exploration with our colleagues at Fresnillo."

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