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Orex Minerals Inc.
Summary
| Project: | Sandra Escobar | |
|---|---|---|
| Deposit: | Sandra Escobar | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 9/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2016: Orex Minerals Inc. announces an Exploration/Drilling Update report for its Sandra Escobar deposit at the Sandra Escobar project. JV with Canasil Resources incl. - drilling results incl. 65.00m @ 114g/t Ag from 22.00m. Vancouver, BC – Orex Miner | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Brittliffe, Ben Whiting (Not stated) | |
| ABSTRACT: | Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX – OTCQX: ORMNF) (“Orex”), is pleased to announce that the Phase-III diamond drilling program continues to intercept silver mineralization on the Sandra Escobar Project in Durango, Mexico. These include holes SA-16-044 to SA-16-048 in the southeastern region of the project. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”). Highlights for this batch of holes include SA-16-048 in the Main Zone, which yielded 65.00 metres core length (56.00 m true thickness) grading 114 g/t silver, starting 15 metres below surface. In the Burro Zone, 300 metres to the southwest of the Main Zone, hole SA-16-044 intersected 24.30 metres core length (24.00 metres true thickness) grading 144 g/t silver, starting from surface. Also, a low-grade permeable horizon, similar to the Main Zone in texture, has been identified stratigraphically below the Main Zone on several sections and may constitute a new silver target. Many of the previous holes did not go deep enough to test this level. The Main Zone is still open for expansion as illustrated by hole SA-16-048 being the southernmost hole on its section. Orex’s President, Gary Cope says, “The third phase of drilling continues to yield thick intercepts of disseminated silver mineralization showing strong continuity in the Main Zone of the Boleras Deposit. The adjacent Burro Zone is also of interest, as are other silver targets in the immediate area of drilling.” | |
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