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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Comment by keng1968on Mar 09, 2017 10:19am
265 Views
Post# 25956728

RE:RE:Preachin to the Choir

RE:RE:Preachin to the ChoirI am in agreement with GoldNHill that this merger is a paradigm shift for Orex and Goldboro with a group that is actually interested in developing the property. There is a lot of work to be done to bring the property to production, but a good plan to maximize early profit through targeted exploration and development will achieve this end. There is near surface potential to pit a decent sample in the ramp area, where the geology and grade is understood the best. In my opinion, that is where early definition work should take place. I've seen some comments in regards to shipping of ore to the Pine Cove facility. At present the only dock facility in the area is the community owned wharf which would be amendable to barge usage, but not to self-unloading bulk carriers due to draft restrictions. The dock proposed by Peridae, is just that "Proposed". In my opinion that project is slipping away due to lack of gas supply and a closing window in the global LNG market. Thus the only option is to modify the existing facility for bulk loading into barges. It shall be interesting to see how things unfold over the next few months. Cheers!
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