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Bullboard - Stock Discussion Forum Cipher Resources Inc DREXF

"Dorex Minerals Inc is engaged in the acquisition, exploration and development of mineral property assets located in British Columbia."

GREY:DREXF - Post Discussion

Cipher Resources Inc > 2nd Gold Property 2010 News
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Post by bullorbear22 on Mar 30, 2010 10:48pm

2nd Gold Property 2010 News

DOREX MINERALS INC.



March 30, 2010

NEWS RELEASE

Gold-Silver Property Acquisition

Dorex Minerals Inc. (``Dorex`` TSXV- DOX) has entered into an option agreement whereby Dorex has agreed to acquire a 90% interest in the Kratke Gold Project, located in central .

Kratke Gold Project

The property covers an area of 6.8 square kilometers, located 250 kilometres north-east of the capital city . Historical work on the property included limited soil sampling, mechanized trenching and diamond drilling. Drilling has intersected heavily disturbed, mylonitized and altered granitoid and gneiss cut by thin quartz veins with sulphide mineralization. Gold bearing gossan-like rock was found at shallow depths that returned 5.4 grams gold per tonneover 3.9 metres and 2.2 grams gold per tonne over 9 metres in another hole. Other holes intersected silver mineralization located in the Mesozoic sedimentary cover rocks proximal to the contact with the underlying gneiss. The thickness and grades intersected in three different holes are as follows, 73 grams per tonne silver over 8.7 metres, 113.6 grams per tonne silver over 1.7 metres, and 232 grams per tonne silver over 1.8 metres.

Dorex Minerals Inc. has an agreement to purchase a 90% interest by paying $90,000cash, issuing 1.4 million common shares and incurring exploration expenditures of $200,000 over two years period, subject to regulatory approval.

Qualified person


The data contained in this news release have been reviewed and verified by Stephen Kenwood, P.Geo., a qualified person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian securities administrators.

For additional information on Dorex and its projects, please visit wwww.dorex.ca or contact us at dorexinc@gmail.com, 604 688 1160.

DOREX MINERAL LTD.

(signed “Julius Galik”)

Julius Galik,

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement

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