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Orex Exploration Inc.


yhzsailor
(21)

5187 Reads | 14 Comments | 9 People call this a favourite

Orex Exploration Inc. (OX: TSX-V) is a junior gold exploration company that owns 100% of the Goldboro project in Guysborough County, Nova Scotia, Canada approximately 185 kilometres northeast of Halifax. One of Canada's first gold mines, Goldboro produced 54,871 ounces of gold between 1893 and 1912 at an average grade of 4.53 g/t gold. On August 4, 2009, OX produced a new 43-101 compliant Mineral Resource Estimate The MRE at a cut-off gold grade of 1.5 g/t are 2,711,000 tonnes grading 4.56 g/t gold, totalling 397,200 gold ounces in the Measured + Indicated Resources categories, with an additional 3,438,000 tonnes grading 3.67 g/t gold totalling 405,926 gold ounces in the Inferred Resource category. Ox has entered into an Option & Joint Venture with Osisko, whereby OSK has a working right and an exclusive option to acquire up to a 60% undivided interest in Orex’s Goldboro property, by incurring exploration and development work expenditures and by making a private placement in OX.


  • OX: The Next Steps


    81 Reads | 2 Comments | August 9, 2009

    Let me preface this blog post with the explicit statement that I am gaining confidence in the Orex Management Team.  I think over the last year they have clearly started repositioning this company and property.  Respectively, each of them have much more experience in Financing, Gold Mining and Geology than I do. I have a considerable stake in this company at a single penny share price, and I...


  • History of OX Past Private Placements


    115 Reads | 0 Comments | August 6, 2009

    There seemed to be some interest in why this stock did not show a lot of volume and turn-over in shares. I did a bit more digging on who may currently own large chunks of shares by going through all their past press releases (from SEDAR).  I think you will see that this stock is very closely held by several current and former insiders, some suppliers and financiers who are very close to the...


  • Conference Call Highlights


    49 Reads | 0 Comments | August 4, 2009

    Here is my take on the conference call.  It lasted 1 hour, and Mark,Alex and Jean were on the call, but only Mark and Alex spoke.Mark gave an opening statement.  Essentially with this new report they are working to reposition the company from being a low-grade hightonnage opportunity to a high-grade, low tonnage mine.  Mark has spoken with many people in the industry and what he found was that...


  • 'Twas the Night before Orex


    72 Reads | 1 Comment | August 2, 2009

    'Twas the night before Orex, when all through the landEvery analyst was watching, to see if it it would stand;The shovels were hung by the head frame with care,In hopes that Gold soon would be found there;The investors were nestled all snug in their beds,While millions of ounces danced in their heads;And FrostyCanuck in his suit, and Sailor in his hat,Kept feeding the news, even with fear of a...


  • Orex Investor Presentation - April 2009


    62 Reads | 0 Comments | June 11, 2009

    With today's news release it seems we are on the verge of something big, either a big let down (unlikely) or more likely a big positive upswing.I received a copy of Orex's Investor Presentation in April 2009 and have finally figured out how to post it for all to see.  Its a pretty good summary and answers many of the questions that have been bandied about on this board.  Regardless of your...


  • Orex - The Gruesome Details on the Nugget Effect


    638 Reads | 0 Comments | May 31, 2009

    There has been a great deal of discussion about the "Nugget" effect found on Orex Exploration's Goldboro property and in the former Boston Richardson mine.This blog entry is an attempt to capture and summarize the most important details for potential investors.  Warning - be prepared to read a lot of detail - this is a long entry.What is the Nugget EffectCourtesy of Groundround:"The often...


  • Mark Billings Interview, (President & CFO Orex Exploration)


    179 Reads | 0 Comments | May 27, 2009

    I realized this morning that I had forgotten to include a couple of good links in my Due Diligence Bibliography posted last weekend.Last year Mark Billings (President & CFO of Orex Exploration) was interviewed by Jay Taylor on his show "Face the Analyst".  The URL to the interview is found here:  http://www.resourceschannel.com/programplay_lipopup.asp?show=FaceTheAnalyst-MarkBillingsIn...


  • Orex - The First 125 Years of History...


    162 Reads | 0 Comments | May 26, 2009

    While I should be off studying for my MBA (one course left)...  I simply can't help but blog about my favourite stock these days...  Orex Exploration (TSV:OX), and since I have a Minor in Canadian History, researching old things is really interesting to me.  So, borrowing heavily from Orex's public documents, here is a detailed history of the Boston Richardson Goldborough property from 1861 to...