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514 Reads
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August 11, 2011
If there is any doubt about the geology of OX Goldboro property, the latest results announced today should put them to rest. New areas of gold mineralization have yet again be identified, including some spectacular very narrow half meter zones with 1,540 and 410 grams per ton (that's 50oz and 12 oz). This resource continues to grow. OX had 1MM OZ, and a need to redrill 24 holes to fill in...
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595 Reads
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March 27, 2011
From the company's Management Discussion And Analysis as well as thecompany's Interim Financial Statements for the six-month period endedDecember 31, 2010 both documents were posted on SEDAR on February 24,2011: "Operating activities, before net changes in non-cash working capital items generated a negative cash flow of ($284,304)for the six-month period ended December 31, 2010, compared to...
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319 Reads
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December 3, 2010
As justification for why AGM's and other procedural matters were irrelevant, my finance proffessor taught that shareholders who were displeased with management needed only to sell their shares and move on rather than actually vote their shares. I have to admit that I'm impressed so many of OX's shareholders are passionate about OX to proxy their shares to someone. If they truly believe, then...
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322 Reads
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November 18, 2010
Today Orex and Osisko jointly announced the results of 64 reverse circulation (RC) sample holes. The press release is here. Gold was found in 12 of the 64 holes, with some significant intercepts (25.65 g/t over 1 meter) found in bedrock samples. According to the press release the RC program was designed to "to explore new areas on the Goldboro Gold Property."For those not watching this stock...
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167 Reads
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November 1, 2010
Just capturing my latest musings on the latest disclosures from OX.I spoke with Mark on Friday and I can tell you he certainly knows of the frustration of everyone here and expressed his own. Some of which Ithink is reflected in the PR. I don' think this is the complete release Mark wanted to put out, but since he's been left swinging in the wind with little option he had to say something.I...
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589 Reads
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4 Comments
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September 1, 2010
Overview of Orex ExplorationOrex Exploration is a Canadian advanced stage junior gold exploration company headquartered in Montreal, Quebec. It operates in Nova Scotia, Canada with a focus on exploring former gold mines and properties in the Goldboro, Nova Scotia, and surrounding areas of Guysborough County, Nova Scotia.[3]The properties owned by Orex were the sites of the former...
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121 Reads
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April 4, 2010
This was published earlier (March 25th) but I'm capturing it on the blog so it doesn't disappear.Mark Billings was in Halifax over the last few days and several of us(many who lurk here on Stockhouse) managed to meet with him. Just a quick update(because I know everyone is interested) --- According to theInvestor presentation Mark passed out, 50 holes of 55 in the final planhave now been...
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97 Reads
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March 3, 2010
For those wondering about the current dilution, suggest you read thelatest Management Discussion & Analysis posted on SEDAR just lastFriday. Key points from my perspective and based on just my first read are:- Company successfully raised $4.2MM in 6 months (in the middle of the recession)- Nearly 8MM warrants were exercised in the last half of the year - None of the PP was flow through...