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Orex Minerals Inc.
Summary
| Project: | Sandra Escobar | |
|---|---|---|
| Deposit: | Sandra Escobar | |
| Location: | Mexico | |
| Commodities: | Silver | |
| Date: | 8/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2016: 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. 67.00m @ 192g/t Ag from 2.00m. Vancouver, BC – Orex Minera | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Brittliffe, Ben Whiting (Not stated) | |
| ABSTRACT: | Vancouver, BC – Orex Minerals Inc. – (TSX-V: REX – OTC: 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. Assays for five more drill holes are now available. These include holes SA-16-039 to SA-16-043 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”). Highlight for this batch of holes is SA-16-041, which yielded 67 metres core length (58 m true thickness) grading 192 g/t silver, starting from surface. Within this is a sub-interval of 2 metres (1.73 m true thickness) grading 1,216 g/t silver. Hole SA-16-039 is located in a faulted corridor between the Main Zone and Burro Zone. Hole SA- 040 is a 50 metres step out to the south side of the Main Zone. Holes SA-16-041, 042 and 043 are in-fill drill holes in the Main Zone to tighten section spacing to 50 metres. The in-fill drilling was performed at the request of the mining consultants who are preparing the initial resource estimate. Orex’s President, Gary Cope says, “Drilling continues to yield thick intercepts of disseminated silver mineralization showing strong continuity in the Main Zone of the Boleras Deposit.” | |
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