Orex reports 2.7 metres grading 840 g/t silver-equivalent in a new target area on the Coneto Gold-Silver Project in Durango, Mexico
Tuesday, Jan 08, 2013Orex Minerals Inc. (TSX VENTURE:REX) ("Orex"), is pleased to announce the results of the second batch of holes from the 12,000 metres Phase-II diamond drilling program on the Coneto Gold-Silver Project in Durango, Mexico. A technical committee, with representation of Orex and its project partner Fresnillo PLC (LSE:FRES) ("Fresnillo"), is managing this Phase-II program.
Hole BCO-11 yielded a high-grade Santo Nino vein intercept of core length of 3.30 metres (true width 2.70 metres) grading gold 4.34 g/t and silver 612 g/t, for a gold-equivalent of 16.00 g/t, or silver-equivalent of 840 g/t. Within this intercept is core length 1.20 metres (true width 0.98 metres) grading gold 11.77 g/t and silver 1,655 g/t, for a gold-equivalent of 43.29 g/t, or a silver-equivalent of 2,273 g/t.
Also in BCO-11 was a La Bufa vein intercept of core length 6.40 metres (true width 5.23 metres) grading gold 2.41 g/t and silver 129 g/t, for a gold-equivalent of 4.87 g/t, or a silver-equivalent of 256 g/t. Within this intercept is core length 2.40 metres (true width 1.96 metres) grading gold 6.08 g/t and silver 187 g/t, for a gold-equivalent of 9.64 g/t, or a silver-equivalent of 506 g/t.
According to Orex's President, Gary Cope, "This is the first reconnaissance drilling in the La Bufa Zone at Coneto. This high grade drill result proves that La Bufa is a promising target area and deserves more detailed drilling."