DOX News 18.9% Fe, 0.7% CuDorex drills 6.8 m of 18.9% Fe, 0.7% Cu at Carmelita
2008-06-16 15:40 MT - News Release
Mr. Peter Walton reports
DOREX INTERSECTS 18.9% IRON AND 0.7 % COPPER OVER 6.8 METRES ON ITS CARMELITA IOCG PROJECT, CHILE
Dorex Minerals Inc. has received the analytical results from the first two of seven widely spaced diamond drill core holes from its 100-per-cent-owned Carmelita property. The property is located within the Chilean iron belt at the south end of the Atacama Desert, Chile. This belt is host to significant copper and iron mines over a 350-kilometre length. The Candelaria and Manto Verde copper mines with iron byproducts are located in the northern end of the belt. Farther to the south, nearer Carmelita, there are significant iron producers like El Tofo, El Pelito and El Romeral. These are all classified as iron oxide-copper-gold (IOCG) deposits.
Peter Walton, president and chief executive officer, states: "The geology and analytical results are encouraging for a classic IOCG-style mineralization. It is especially encouraging that the mineralization style has been intersected by all the holes within an 11-square-kilometre area tested during this drilling. The remaining results will be announced when available."