Orex Reports 10 Metres Grading 300 g/t Silver-Equivalent on the Coneto Gold-Silver Project in Durango, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2012) -Orex Minerals Inc.(TSX VENTURE:REX) ("Orex") is pleased to announce the results of the first six holes of the 12,000 metres Phase-II diamond drilling program on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC (LSE:FRES) ("Fresnillo"), is managing this Phase-II program.
Hole BCO-02 yielded a core length of 12.55 metres (true width 10.27 metres) grading gold 3.08 g/t and silver 138 g/t, for a gold-equivalent of 5.70 g/t, or silver-equivalent of 299 g/t.
According to Orex's President, Gary Cope, "These results confirm the strength of the Loma Verde Vein and agree with our earlier Phase-I drilling. Loma Verde remains partially open along strike and down dip. It is one of 10 principal structures to be tested at Coneto."
Several smaller mineralized veins and breccia zones were intercepted in the hanging wall of Loma Verde, which will be studied in the next few weeks. Hole BCO-05 yielded an unnamed vein of 2.95 metres (true width 2.42 metres) grading gold 2.86 g/t and silver 9 g/t for a gold-equivalent of 3.02 g/t, or silver-equivalent of 159 g/t.