Oremex Commissions Independent Preliminary Assessment Study on Tejamen Silver Property
Vancouver, Canada (ots/PRNewswire)
Oremex Resources Inc. (TSX-V:
ORM) (the "Company") is pleased to announce that it has retained
Snowden Mining Industry Consultants Inc. ("Snowden") to conduct an
independent Preliminary Assessment Study on its Tejamen silver
property in Mexico.The Preliminary Assessment Study will utilize the Wardrop Engineering resource model, develop a range of capital and operating costs and review metallurgical results. The scope of the study will result in a new Technical Report for the project, including a financial analysis using a range of costs, silver metal prices and annual production rates.
"This represents an important step in the strategic development of the Tejamen silver property," said Linda Thorstad, CEO. "A wealth of international study experience in many commodities will enable Snowden to provide the highest standard of reports to the Company. The project team has an impressive background and offers a broad cross-section of the necessary expertise to deliver a realistic preliminary assessment for the project."
The Company's most advanced projects are its Tejamen silver property and its San Lucas polymetallic property, both located in Mexico. An independent resource study (NI 43-101 compliant) concluded that the Tejamen property contains a silver-equivalent resource of 50.8 million ounces in a total of 22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne (69.8 grams per tonne). The independent Preliminary Assessment Study is expected to be completed by the end of September, 2006.
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: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-(604)-683-5651, E: linda.thorstad@oremex.com