RE:News
Orex Exploration hires MineTech to perform Goldboro PEA
2013-10-07 09:03 ET - News Release
Mr. Willie McLucas reports
OREX APPOINTS MINETECH INC. OF HALIFAX, NOVA SCOTIA TO PREPARE A PRELIMINARY ECONOMIC ASSESSMENT AT ITS FLAGSHIP GOLDBORO PROPERTY
Orex Exploration Inc. has appointed MineTech International Ltd. to carry out a preliminary economic assessment on the company's wholly owned Goldboro project in Guysborough county, Nova Scotia.
Commenting on this development, Willie McLucas, president and chief executive officer, said: "This appointment follows on from the publication of the National Instrument 43-101-compliant resource in February, 2013, which reported, using a cut-off grade of two grams per tonne, an updated mineral resource of 465,000 ounces gold (2,589,000 tonnes grading 5.59 g/t gold) in the measured and indicated categories, and a further 421,100 ounces Au (2,543,000 tonnes grading 5.15 g/t gold) in the inferred category. The appointment of MineTech is the next logical step in order to continue to progress the development of our flagship Goldboro project in Nova Scotia. We hope to receive the report from Minetech before the end of the calendar year and the results of PEA will be announced to the market as soon as practicable."