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Orex Minerals Inc.
Summary
| Project: | Sandra Escobar | |
|---|---|---|
| Deposit: | Sandra Escobar | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 10/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-10-2016: Orex Minerals Inc. announces an Exploration/Drilling Update report for its Sandra Escobar deposit at the Sandra Escobar project. Drilling results incl. 41.00m @ 108g/t Ag from 45m. Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX – OTCQX: ORMN | |
| 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 on the Sandra Escobar Project in Durango, Mexico, has been completed up to hole SA-16-062. Results for holes SA-16-054 to SA-16-060, drilled in the Main and Cerro Chato Zones in the southeastern region of the project, are presented in the table below. Drilling for Phase-IV is due to start in early November. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (“Canasil”). Highlight for this batch of holes is SA-16-057 in the Main Zone, which yielded 41.00 metres core length (33.58 m true thickness) grading 108 g/t silver, starting 45 metres below surface. This includes 11.00 metres core length (9.01 m true thickness) grading 237 g/t silver. Holes SA-16-054 and 055 are reconnaissance holes on the eastern side of the Cerro Chato Zone, which confirms that the favourable horizon in this area is silver mineralized. Holes SA-16-057 to 060 are from the southern side of the Main Zone. Orex’s President, Gary Cope says, “This is an active time for the exploration of the Sandra Escobar Project. We are encouraged by the early stage metallurgical tests and look forward to the initial resource estimate. A new phase of diamond drilling is being scheduled for November-December.” | |
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