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Cipher Resources Inc DREXF

"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."


GREY:DREXF - Post by User

Post by STOCKRUSon Aug 05, 2010 12:16pm
313 Views
Post# 17324695

Dorex Starts Summer Exploration

Dorex Starts Summer Exploration
DOREX MINERALS INC.
(DOX.V)

NEWS RELEASE

August 5, 2010

Dorex Begins Summer Exploration - Strawberry Flats Gold Project

Dorex Minerals Inc. (“Dorex” or the “Company”) has received final approval from British Columbia Ministry of Mines to carry out its 2010 summer exploration program on the Strawberry Flats Gold Project located in Southern British Columbia, approximately 20 kilometres northwest of the historic Rossland Mining Camp, from where over three million ounces of gold have produced.

The Company’s 2010 exploration program is designed towards delineation of drill targets for a Phase II diamond drilling program by confirming and expanding on historical work from the Property including a trenching program completed by Cameco in 1989-1990. The 1989-1990 programs were conducted to follow-up on a potential bedrock source of gold-in-soil anomalies within the Strawberry Flats Gold Project. Cameco's “Trench No. 5” averaged 7.04 g/t Au (from continuous one-metre-long chip samples) over its 12 metre length and exposed a seven metre wide fault zone with heavily silicified and pyrite-chalcopyrite-galena-sphalerite-iron-carbonate veined sections, with the a single two metre section reported to average 39.16 g/t Au and 6.55 g/t Ag. Cameco's report indicated that the seven-metre-wide, west-northwest-trending mineralized structure exposed in Trench No. 5 is of sufficient grade to warrant follow-up along strike in both directions and at depth.
Dorex plans to expand the historic soil grids on the Property and collect approximately 1,000 soil samples on a 50 x 50 metre systematic grid followed by mechanized trenching on historic and any newly generated geochemical anomalies generating drill targets.
The Strawberry Flats Gold Project is adjoins the Jumping Josephine gold project owned by Astral Mining Corp. and Kootenay Gold Inc. Drilling results from Astral on the Jumping Josephine main zone have included 10 metres of 9.95 g/t Au and eight metres of 8.31 g/t gold. In addition, Astral Mining Corp. has announced new geochemical anomalies discovered from its 2009, 4,600 soil sampling program on the Jumping Josephine project. As with Trench No. 5 at the Strawberry Flats Gold Property, local high-grade concentrations of gold are common on Astral's Jumping Josephine project, including one-metre intervals of 50.2 g/t gold and 61.8 g/t gold. In addition, Astral and Kootenay have applied for a 10,000-tonne bulk sampling permit from their Jumping Josephine main zone, where initial flotation tests averaged 98-per-cent gold recovery (see Astral news releases in Stockwatch on Oct. 15, 2009; Oct. 29, 2009; Dec. 16, 2009, Jan. 18, 2010, and Feb. 2, 2010; also see the Jumping Josephine technical report dated July 14, 2009 [on SEDAR]).
Dorex Minerals Inc. has option agreement with St. Elias Mines to earn 60% in the Strawberry Flats gold project. (see March 3, 2010, news release in Stockwatch).
Technical details contained in this news release have been reviewed by Paul D. Gray, P.Geo, a qualified person as defined in National Instrument 43-101.

www.dorex.ca
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