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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
Post by AlternativeViewon Nov 06, 2016 12:31am
69 Views
Post# 25429184

Don't You Just Love A Mystery

Don't You Just Love A MysteryOne thing is for sure:  After drilling several rounds with one rig and no apparent hurry, you don't just mobilize a second rig without good reason.  And that reason has to be an intent to drill increased meterage.

Well, increase meterage comes in two forms; a whole bunch of short holes or a lesser amount of deeper holes.  As the Angry Geologist pointed out, Boleras seems pretty drilled up at this point.  There remains the possibility that hole #61 was successful in its objective of establishing an extension of Boleras to the SW, wrapping around the hillside.  But that would only account for a few more holes and I doubt very much that Cope is inclined to do infill drilling at Boleras at this time, simply to move tonnage from inferred to indicated.

So whats up?  The answer must depend on one of three things:  hole #62, airborne survey results, or surface prospecting.  Any guesses?


Bullboard Posts