May 11, 2009 (BAYSTREET NEWSWIRE via COMTEX News Network) --
Mining MarketWatch Journal has published transcript of a May 11, 2009 interview with Mark Billings, President/CEO of Orex Exploration Inc. (TSX VENTURE: OX)(Frankfurt: O5D), on the significance of recent Phase C drilling results that have been forwarded to OX.V geologists for the completion of a new NI 43-101 resource estimate report on their 100% owned Goldboro Property in Nova Scotia, Canada. The Mining Journal also provides a review of the insight and opportunity afforded investors as it is expected the new Orex report will reveal a sizeable increase in the gold resource estimate. It appears OX.V is highly undervalued relative to the inherit nature of the Goldboro property and its potential. The full interview, review, and valuation commentary may be found at https://miningmarketwatch.net/ox.htm online. Mining MarketWatch Journal thru its research projects a resource estimate well in excess of 2M ounces gold. Management of Orex contacted by Mining MarketWatch were able to confirm we were not out of line in our expectations based on the fact the previous resource estimate Orex is building on, was over a 225m strike length and now the strike length is up to 1km. Additionally, Orex will have a much better definition of the grade, employing not only fire assays but also protocols and metallic screen assays which incorporate the nugget effect native to Goldboro. The NI 43-101 report is being produced at the 60% mark of their drilling campaign (12,000m have been done out of 20,000m planned) and interpreted data of the belt systems will dramatically add to the 3D model developed in 2006 that this campaign is built upon. The Goldboro project also possess blue-sky potential as the gold belt systems are wide open at depth and in breadth. The geological model is based on the Australian Goldfields Model for New Bendigo / Ballarat deposits which have production, reserves and resources of 30,000,000 oz and possess similar characteristics to Goldboro - the model takes into account gold mineralization factors of extreme gold nugget effect, irregular gold distribution and the others issues unique to Goldboro. This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL. Contact information:
James O'Rourke, EditorMining MarketWatch Journal866.620.9945editor@miningmarketwatch.net
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