Welcome!

News Feed Item

Orex Commences 2014 Field Operations in Sinaloa State, Mexico; Previously Unanalyzed Drill Core at Los Crestones Returns New Mineralized Intercepts

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/15/14 -- Orex Minerals Inc. - (TSX VENTURE: REX) ("Orex"), is pleased to announce that it has compiled all available historical data from the Los Crestones Project 100km north of the Sinaloa state capital, Culiacan, Mexico. Work included analysis of previously sampled but not assayed intervals from diamond drilling by the previous owner. Work has now begun on the 2014 exploration programme which is planned to include surface mapping, sampling and trenching and air/ground geophysics in preparation for a campaign of diamond drilling. Community negotiations are continuing and expected to run in parallel with the exploration work.

Los Crestones Project

The Project was acquired in 2013 by merger with junior explorer Astral Mining Corporation. Astral optioned the property in early 2011 and had completed a 12 month exploration programme culminating in an 18 hole, 2,618m diamond drilling program late in that year. Reported results from the first pass drilling, returned a best intercept of 5m averaging 39.1 g/t Au, 93.3 g/t Ag and 2.13% Cu from 55m depth in HQ drillhole 11LD011. True width of this interval from the Bohemia structure is approximately 3.53m. The project has been maintained but not worked since Astral's drilling programme. During 2013 Orex was active in the area, reinforcing positive relations with local communities and is confident of strong community support in the resumption of work.

The Los Crestones project totals 4,168 hectares and is prospective for economic gold, silver and copper mineralization. The present interpretation of mineralization is that of north-south oriented structural zones hosting quartz veins, quartz stockworks and breccia fill. Three main structural zones were targeted in the first phases of work. Corona, Bohemia and Indio are elongate structures recognized on surface as erosion-resistant silicified ribs or "crestons". In addition several other sub-parallel structures are known on the property and will be further investigated in the coming months. Maximum length on the individual structures to date is 900m. Current geological maps are available at Orex's website here.

Los Crestones is located within the highly prospective Gold-Silver Trend of the Sierra Madre Occidental, Western Mexico. Orex recognizes the favourable structural setting of known showings. During 2014 Orex plans to significantly enhance geological and structural understanding before drilling commences.

2014 Exploration Programme

The updated project database includes previously unreported drilling results. During 2013, Orex commissioned the analysis of drill core samples previously submitted to ALS Chemex but cancelled due to lack of available funds.

Results from this work reveal new significant intercepts from Astral's drilling with a best result of 0.45m grading 45.8 g/t Au, 87 g/t Ag and 2.41% Cu from 32.8m depth in hole 11LD014 (estimated true width 0.35m). This interval upgrades the significance of the hole which was previously reported with a best value of 1m grading 2.65 g/t Au, 1.7g/t Ag and 0.05% Cu from 60m (estimated true width 0.77m). In addition, 1.5m grading 5.79 g/t Au, 3 g/t Ag and 0.01% Cu from 36m depth in the hole 11LD011 was also returned (estimated true width 1.06m), further enhancing the best hole of the original drilling programme. A full breakdown of updated assay results from the 2011 diamond drilling program is supplied on Orex's website here.

According to Orex's President, Gary Cope, "Los Crestones is a prime example of an underexplored, early-stage project located on a highly prospective and proven mineral trend. The project had seen no modern exploration before Astral, and Orex is very excited to have the chance to make a significant discovery here."

Full details of previous sampling and a drilling location map have been prepared for the Orex website, www.orexminerals.com.

Dale Brittliffe, P.Geo, is a Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure contained within this news release. Mr. Brittliffe oversaw the QA/QC protocols on behalf of Astral Mining during the diamond drilling program in 2011 which included the systematic insertion of analytical standards, blanks and duplicates. Analyses were performed by ALS Chemex. The updated drill data are in agreement with the general tenor of mineralization originally sampled from surface on the main mineralized structures outcropping at Los Crestones.

ABOUT OREX MINERALS INC.

Orex Minerals Inc. (TSX VENTURE: REX) is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: its flagship property, the Barsele Gold Project in Sweden, the Los Crestones Gold-Silver Project in Sinaloa, Mexico, the Persistence Gold-Copper Project and Jumping Josephine Gold-Silver Project in British Columbia, and the Coneto Gold-Silver Project in Durango, Mexico, which is currently under option to Fresnillo PLC.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope, President

FORWARD-LOOKING INFORATION

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, receipt of property titles, 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 statements and Orex undertakes no obligation to update such statements, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

---------------------------------------------------------------------------
                                                    Core Length  True Width
HOLEID         Target          From (m)      To (m)         (m)         (m)
---------------------------------------------------------------------------
11LD001        Corona             64.25        65.1        0.85        0.77
---------------------------------------------------------------------------
and            Corona              71.1        72.1           1        0.91
---------------------------------------------------------------------------
11LD002        Corona                  no significant intercepts
---------------------------------------------------------------------------
11LD003        Indio               9.15       24.16       15.01        13.6
---------------------------------------------------------------------------
Incl                               12.3        17.7         5.4        4.89
---------------------------------------------------------------------------
Incl                              23.11       24.16        1.05        0.95
---------------------------------------------------------------------------
And            Indio              26.16       27.16           1        0.91
---------------------------------------------------------------------------
And            Bohemia            109.6      110.58        0.98        0.89
---------------------------------------------------------------------------
And            Bohemia           115.25         116        0.75        0.68
---------------------------------------------------------------------------
11LD004        Indio                6.1       15.25        9.15        7.01
---------------------------------------------------------------------------
Incl                                6.1        6.85        0.75        0.57
---------------------------------------------------------------------------
And            Indio                 18        24.4         6.4         4.9
---------------------------------------------------------------------------
Incl                                 18       22.12        4.12        3.16
---------------------------------------------------------------------------
Incl                              21.35        24.4        3.05        2.34
---------------------------------------------------------------------------
Incl                              21.35       22.27        0.92         0.7
---------------------------------------------------------------------------
And            Indio               25.8       26.06        0.26         0.2
---------------------------------------------------------------------------
11LD005        Indio               9.15        14.4        5.25        4.72
---------------------------------------------------------------------------
Incl                              13.15        14.4        1.25        1.12
---------------------------------------------------------------------------
11LD006        Indio             138.15      141.24        3.09         1.3
---------------------------------------------------------------------------
incl                             138.15      139.24        1.09        0.46
---------------------------------------------------------------------------
11LD007        Indio             126.65      127.05         0.4        0.17
---------------------------------------------------------------------------
11LD007        Indio             134.07      135.67         1.6        0.68
---------------------------------------------------------------------------
11LD008(ii)    Indio              54.48       56.48           2        1.82
---------------------------------------------------------------------------
11LD008        Indio              57.42          58        0.58        0.53
---------------------------------------------------------------------------
11LD008        Indio                 62          63           1        0.91
---------------------------------------------------------------------------
11LD008        Indio                 64          65           1        0.91
---------------------------------------------------------------------------
11LD008        Indio              71.06       71.41        0.35        0.32
---------------------------------------------------------------------------
11LD008        Indio              73.05       75.54        2.49        2.26
---------------------------------------------------------------------------
incl                              73.05       74.05           1        0.91
---------------------------------------------------------------------------
11LD009(ii)    Bohemia             1.25        3.05         1.8        1.64
---------------------------------------------------------------------------
11LD009        Bohemia             20.2        20.9         0.7        0.63
---------------------------------------------------------------------------
11LD010        Bohemia               50          54           4        3.43
---------------------------------------------------------------------------
incl                                 50          51           1        0.86
---------------------------------------------------------------------------
11LD010        Bohemia               56          61           5        4.29
---------------------------------------------------------------------------
11LD011(ii)    Bohemia               36        37.5         1.5        1.06
---------------------------------------------------------------------------
11LD011(i)     Bohemia               39          43     4.00(i)     2.83(i)
---------------------------------------------------------------------------
Incl(i)                           39.85       40.25     0.40(i)     0.28(i)
---------------------------------------------------------------------------
Incl(i)                              41          42     1.00(i)     0.71(i)
---------------------------------------------------------------------------
11LD011        Bohemia             46.3          47         0.7        0.49
---------------------------------------------------------------------------
11LD011        Bohemia               55          60           5        3.53
---------------------------------------------------------------------------
incl                                 55          56           1        0.71
---------------------------------------------------------------------------
incl                                 58          59           1        0.71
---------------------------------------------------------------------------
incl                                 59          60           1        0.71
---------------------------------------------------------------------------
11LD012        Bohemia               57        60.6         3.6        2.06
---------------------------------------------------------------------------
incl                                 57          58           1        0.57
---------------------------------------------------------------------------
11LD013        Bohemia            rods stuck - hole abandoned at 32m
---------------------------------------------------------------------------
11LD014(ii)    Bohemia             32.8       33.25        0.45        0.35
---------------------------------------------------------------------------
11LD014        Bohemia               60          61           1        0.77
---------------------------------------------------------------------------
11LD015        Bohemia            72.58       73.51        0.93        0.53
---------------------------------------------------------------------------
incl                              72.58        73.1        0.52         0.3
---------------------------------------------------------------------------
incl                               73.1       73.51        0.41        0.24
---------------------------------------------------------------------------
11LD016        Indio              19.65        21.6        1.95        1.49
---------------------------------------------------------------------------
Incl                              19.65        20.6        0.95        0.73
---------------------------------------------------------------------------
Incl                               20.6        21.6           1        0.77
---------------------------------------------------------------------------
11LD017        Indio               22.7       23.55        0.85        0.65
---------------------------------------------------------------------------
11LD018        Indio                 30        30.6         0.6        0.46
---------------------------------------------------------------------------
(i) interval strongly fractured, up to 0.65m of core lost between the 39m
and 43m downhole
---------------------------------------------------------------------------
(ii) Previously unreported results from analysis of un-assayed 2011 diamond
drilling sampling
---------------------------------------------------------------------------

---------------------------------------------------------------------------
HOLEID             Au (g/t)    Ag (g/t)      Cu (%) Au Eq (g/t) Ag Eq (g/t)
---------------------------------------------------------------------------
11LD001                0.26           1        0.01        0.28          17
---------------------------------------------------------------------------
and                    1.31           1        0.01        1.32          79
---------------------------------------------------------------------------
11LD002                          no significant intercepts
---------------------------------------------------------------------------
11LD003                0.35           8        0.44        0.48          29
---------------------------------------------------------------------------
Incl                    0.6           2        0.13        0.64          38
---------------------------------------------------------------------------
Incl                   0.15          34        2.43        0.72          43
---------------------------------------------------------------------------
And                    0.63           3        0.04        0.68          41
---------------------------------------------------------------------------
And                    0.39          59         0.1        1.37          82
---------------------------------------------------------------------------
And                    0.53           7        0.06        0.64          39
---------------------------------------------------------------------------
11LD004                0.11           8        0.45        0.24          14
---------------------------------------------------------------------------
Incl                   0.55          49        0.61        1.37          82
---------------------------------------------------------------------------
And                    0.53          16        0.77         0.8          48
---------------------------------------------------------------------------
Incl                   0.82          16        0.81        1.09          66
---------------------------------------------------------------------------
Incl                   0.13          28        1.16        0.59          36
---------------------------------------------------------------------------
Incl                   0.39          64        2.65        1.45          87
---------------------------------------------------------------------------
And                    0.07         120        3.19        2.07         124
---------------------------------------------------------------------------
11LD005                1.06           2        0.14         1.1          66
---------------------------------------------------------------------------
Incl                    2.7           3        0.22        2.75         165
---------------------------------------------------------------------------
11LD006                0.14         479         3.5        8.12         487
---------------------------------------------------------------------------
incl                   0.24        1230        8.91       20.74        1244
---------------------------------------------------------------------------
11LD007                0.03          50        0.09        0.87          52
---------------------------------------------------------------------------
11LD007                0.03          59        0.89        1.01          61
---------------------------------------------------------------------------
11LD008(ii)            1.22           1        0.01        1.24          75
---------------------------------------------------------------------------
11LD008                0.53          94        2.75         2.1         126
---------------------------------------------------------------------------
11LD008                1.71           1        0.06        1.73         104
---------------------------------------------------------------------------
11LD008                2.93           2        0.08        2.96         178
---------------------------------------------------------------------------
11LD008                0.03          51        1.67        0.87          52
---------------------------------------------------------------------------
11LD008                20.4          22        0.82       20.77       1,246
---------------------------------------------------------------------------
incl                   49.9          33        1.35       50.45       3,027
---------------------------------------------------------------------------
11LD009(ii)            0.76           5        0.28        0.85          51
---------------------------------------------------------------------------
11LD009                0.56          12        0.43        0.76          45
---------------------------------------------------------------------------
11LD010                9.13          42        0.55        9.83         590
---------------------------------------------------------------------------
incl                     30         150        1.06        32.5       1,950
---------------------------------------------------------------------------
11LD010                1.32           4        0.22        1.39          83
---------------------------------------------------------------------------
11LD011(ii)            5.79           3        0.01        5.84         350
---------------------------------------------------------------------------
11LD011(i)               30         259        3.06       34.32       2,059
---------------------------------------------------------------------------
Incl(i)                22.8         347        5.28       28.58       1,715
---------------------------------------------------------------------------
Incl(i)                93.4         657        6.33      104.35       6,261
---------------------------------------------------------------------------
11LD011                41.6         256        5.24       45.87       2,752
---------------------------------------------------------------------------
11LD011                39.1          93        2.13       40.66       2,439
---------------------------------------------------------------------------
incl                   13.2          88        2.77       14.67         880
---------------------------------------------------------------------------
incl                  13.85          61        3.06       14.87         892
---------------------------------------------------------------------------
incl                  162.5         270        3.02         167      10,020
---------------------------------------------------------------------------
11LD012                2.41          30        0.02        2.91         175
---------------------------------------------------------------------------
incl                   4.47          34        0.19        5.03         302
---------------------------------------------------------------------------
11LD013                     rods stuck - hole abandoned at 32m
---------------------------------------------------------------------------
11LD014(ii)            45.8          87        2.41       47.25       2,835
---------------------------------------------------------------------------
11LD014                2.65           2        0.05        2.68         161
---------------------------------------------------------------------------
11LD015                1.26          37        2.01        1.87         112
---------------------------------------------------------------------------
incl                   0.32          64        3.57        1.39          83
---------------------------------------------------------------------------
incl                   2.46           2        0.03        2.49         149
---------------------------------------------------------------------------
11LD016                0.07         104        0.75         1.8         108
---------------------------------------------------------------------------
Incl                   0.06         170        0.88        2.89         174
---------------------------------------------------------------------------
Incl                   0.08          32        0.57        0.62          37
---------------------------------------------------------------------------
11LD017                0.76          34        1.15        1.33          80
---------------------------------------------------------------------------
11LD018                0.27          22         0.7        0.64          38
---------------------------------------------------------------------------
(i) interval strongly fractured, up to 0.65m of core lost between the 39m
and 43m downhole
---------------------------------------------------------------------------
(ii) Previously unreported results from analysis of un-assayed 2011 diamond
drilling sampling
---------------------------------------------------------------------------

Contacts:
Orex Minerals Inc.
(604) 687-8566 x227
[email protected]
www.orexminerals.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
In this presentation, you will learn first hand what works and what doesn't while architecting and deploying OpenStack. Some of the topics will include:- best practices for creating repeatable deployments of OpenStack- multi-site considerations- how to customize OpenStack to integrate with your existing systems and security best practices.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
Jo Peterson is VP of Cloud Services for Clarify360, a boutique sourcing and benchmarking consultancy focused on transforming technology into business advantage. Clarify360 provides custom, end-to-end solutions from a portfolio of more than 170 suppliers globally. As an engineer, Jo sources net new technology footprints, and is an expert at optimizing and benchmarking existing environments focusing on Cloud Enablement and Optimization. She and her team work with clients on Cloud Discovery, Cloud ...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...