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Orex Minerals Inc.
Summary
| Project: | Sandra Escobar | |
|---|---|---|
| Deposit: | Sandra Escobar | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 9/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-9-2016: Orex Minerals Inc. announces an Exploration/Drilling Update report for its Sandra Escobar deposit at the Sandra Escobar project. JV with Canasil Resources Inc. Drilling results incl. 57m @ 118g/t Ag from 2m. Vancouver, BC – Orex Minerals Inc. – | |
| 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-16-049 to SA-16-053 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 in the Main Zone include SA-16-050, which yielded 57.00 metres core length (46.00 m true thickness) grading 118 g/t silver, starting from surface, and SA-16-049, which yielded 41.00 metres core length (35.00 m true thickness) grading 106 g/t silver, also starting from surface. All five of these drill holes are located on the northern side of the Main Zone. These results extend the mineralized envelope for the Main Zone a further 50 to 100 metres to the north. 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 bifurcation of the Main Zone, or a new silver target. Intercepts from this lower horizon are marked as “Lower Interval” in the table below. Orex’s President, Gary Cope says, “The third phase of drilling results continues to show strong continuity of the mineralized unit and will be added to the drill hole database for next month’s upcoming Resource Estimate.” | |
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