Oremex Launches Diamond Drilling Program
Vancouver, Canada (ots/PRNewswire)
Oremex Resources Inc. (TSXV
symbol - ORM) (the "Company"). Oremex Resources announces the
commencement of a diamond drilling program at its Tejamen silver
property in Durango, Mexico. The purpose of the diamond drilling is
to provide larger size samples for metallurgical testing and rock
mechanics as inputs to the determination of the economics related to
an open-pit heap-leach mine. The diamond drilling is also designed to
provide additional confirmation of the mineralization delineated by
the extensive reverse circulation drilling program that established a
50,000,000 ounce silver resource (in the inferred category, based on
the NI 43-101 report). Furthermore, some of the diamond drilling will
involve deeper holes to determine the extent of the mineralization,
since many of the reverse circulation ("RC") holes ended in
relatively high grade silver zones.Metallurgical testing to date has been conducted on cuttings from the RC drill holes, with favorable results (up to 78% metallurgical recoveries). However, RC drill cuttings are generally less than one quarter of an inch in size, and the diamond drilling will provide larger-sized pieces of rock for further testing.
In addition to the metallurgical work, the diamond drill core will provide fresh rock for rock mechanics testing to assist in the estimate of pit slopes for mine design purposes. As a result, strip ratios (waste to ore ratios) will be determined at a variety of cut-off grades, this enabling the estimation of required mining equipment and related costs.
The diamond drilling program will be conducted at both the Cerro Prieto and Los Mantos areas, with the first phase involving about ten drill holes, with a total length of about 2,500 meters. Core from the drill holes will be composited to represent the anticipated general grade of the deposit as it is expected to be mined. Oremex plans to conduct two column leach tests on the composite samples.
About Oremex Resources Inc.
Oremex Resources Inc. (www.oremex.com) is a Vancouver based resource company that is actively developing two of its six silver properties in Mexico. Oremex management are experienced in exploration and mining, with expertise in the development and operation of mines.
The TSX Venture Exchange has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. 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.
Contact:
For further information: Don Smith CA MBA, CFO, Telephone:
+1-(604)-683-5651, Fax: +1-(604)-630-0141, or send questions and
comments to: info@oremex.com