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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 > DOX.V - News - Phase 1 Results
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Post by bullorbear22 on Oct 27, 2010 6:57pm

DOX.V - News - Phase 1 Results

News Release
    

DOREX MINERALS RECEIVES RESULTS FROM PHASE 1, 2010 STRAWBERRY FLATS GOLD PROJECT

October 26, 2010, VANCOUVER, B.C. - Dorex Minerals Inc. (“Dorex” or the “Company”)

announces Company has received the preliminary analytical results from the Phase I 2010 soil,

silt and rock geochemical sampling program on the Strawberry Flats Gold Project, Southern

British Columbia, approximately 20 kilometers northwest of the historic Rossland Mining Camp.

Of the 1,124 soil samples delivered to Acme Labs, 1,014 samples returned assays (111 samples

did not contain sufficient sample material to be fully analyzed). Gold-in-soil results ranged from

trace to 851 ppb Au. 566 of the soil samples returned results below detection limit and 447 soil

samples returned results of 2 ppb Au or greater. These 447 samples averaged 10.4 ppb Au, with

70 samples returning values of 11 ppb Au or greater.

The eight (8) silt samples collected returned values from trace to 36ppb Au. Three (3) of the silt

samples returned results below detection limits and five (5) samples reported 2 ppb Au or

greater. These 5 samples averaged 9.2 ppb.

The 28 rock samples collected and analyzed ranged from trace to >10,000* ppb Au (*resultant

assay was above analytical detection limits and the over limit assay has not yet been received).

Eight (8) of the 28 reported assays below detection limit and twenty rock samples graded 3 ppb

or above.

The preliminary data from the Phase I program has been recently received and is currently being

compiled and interpreted by Company geologists and management. Over limit assays and an

internal Dorex QA/QC review are pending. Once all analytical results have been finalized, they

will be used to guide the Phase II trenching program slated to begin in early November 2010. At

the moment the Company is able to report only the analytical data, as a georeferenced study will

not be completed until all data is received.

The Phase I exploration program was designed to confirm, infill and expand the historic gold-insoil

geochemical anomalies reported by previous workers as well as to ground truth the surface

and underground workings on the Strawberry Flats Gold Property.

The bulk of the Phase I program consisted of a large geochemical grid covering an area of

approximately 1.8 km by 1 km with 50 m spaced lines sampled on 25 m to 50 m centres. This

grid was focused on expanding the historic geochemical grids to the North towards Astral

Mining Corp’s contiguous Jumping Josephine Project. In addition, one detailed geochemical grid

was established near the known anomalies on the Strawberry Flats Gold Project during this

program. This detailed grid covered an area of approximately 120 m by 140 m with 20 m spaced

lines and sampled on 10 m centre.

All collected samples were shipped to ACME Analytical Laboratories in Vancouver, B.C. where

they were sent for analysis by Group 1EX ICP-MS for 41 elements and a 30 gram Fire Assay

Finish (Group 3B01) on all samples.

The 1989-1990 programs were conducted to follow up on a potential bedrock source of gold-insoil

anomalies within the Strawberry Flats Gold Project. Cameco's “Trench No. 5” averaged 7.04

g/t Au (from continuous one-metre-long chip samples) over its 12 metre length and exposed a 7

metre wide fault zone with heavily silicified and pyrite chalcopyrite-galena-sphalerite-iron

carbonate veined sections, with the a single 2 metre section reported to average 39.16 g/t Au and

6.55 g/t Ag.

Cameco's report indicated that the seven-metre-wide, west-northwest-trending mineralized

structure exposed in Trench No. 5 is of sufficient grade to warrant follow-up along strike in both

directions and at depth.

The Strawberry Flats Gold Project adjoins the Jumping Josephine gold project owned by Astral

Mining Corp. and Kootenay Gold Inc. Drilling results from Astral on the Jumping Josephine

main zone have included 10 metres of 9.95 g/t Au and 8 metres of 8.31 g/t gold.

Technical details contained in this news release have been reviewed by Paul D. Gray, P.Geo, a

qualified person as defined in National Instrument 43-101.

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