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Orex Minerals Inc V.REX

Alternate Symbol(s):  ORMNF

Orex Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on precious and base metals exploration in Mexico and Canada. The Company is engaged primarily in the acquisition and exploration and evaluation of assets. It has several projects, including two projects located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Valenciana Gold-Silver-Base Metals Project in Zacatecas State, Mexico. The fourth project is the Jumping Josephine Gold Project in British Columbia, Canada. The Sandra Project is situated north of the town of Tepehuanes, Durango, in the heart of the Mexican Silver Trend, midway between the mining districts of Tovar and Guanacevi. The Coneto Silver-Gold Project is adjacent to the village of Coneto de Comonfort, centrally positioned within the Mexican Silver Trend, over 100 km north of the city of Durango, Mexico.


TSXV:REX - Post by User

Bullboard Posts
Comment by youngkidon May 18, 2016 12:15pm
94 Views
Post# 24885045

RE:RE:OREX

RE:RE:OREXThey didn’t say ramp up per say, but they did mention they wanted to do some ground exploration and Phase III could be up to 5,000m. They didn’t mention additional drill rigs, but I would assume they won’t be adding any until they get near 10,000m of drilling as 1 rig seems to be getting through the early phases rather quickly.
 
The problem they’ve encountered is that they weren’t prepared for this much success early on and don’t have things in place to handle all the cores etc.
 
Once they have the infrastructure in place on site, they complete some further ground work, and Phase III is done with the maiden resource estimate I would guess they will bring in more rigs and begin drilling 10,000m+ per phase at that point in time.
Bullboard Posts