Oremex Announces Additional Drill Results From San Lucas Drill Program
Vancouver, Canada (ots/PRNewswire)
Oremex Resources Inc. (TSX-V:
ORM) (the "Company") announces that it has received additional
results from a recently completed 7,000 metre, 47 hole drill program
at its San Lucas Property ("San Lucas"), Durango, Mexico. The
program was designed to test extensions of mineralization both down
dip and along strike to silver-gold-lead-zinc mineralization defined
in a 2005 drill program. Of the assays received for the balance of
holes, the most significant silver results are contained in reverse
circulation drill holes SL-20, 49, 50 and 51 along the main
mineralized zone as follows: <<
Ag
(grams Ag
Interval From-to per (ounces Zn Pb
Drill Hole (metres) (metres) tonne) per ton) (%) (%)
SL-20 14 30-44 26.1 0.8 0.4 0.3
16 64-80 45.7 1.3 greater than 1.0 0.5
Incl. 6 64-70 60.9 1.8 greater than 0.7 0.8
SL-49 16 92-108 81.7 2.4 0.3 0.1
Incl. 2 94-96 615.6 18.0 0.3 0.1
SL-50 4 14-18 43.3 1.3 less than 0.1 0.2
4 30-34 168.6 4.9 0.2 0.4
2 50-52 96.0 2.8 0.4 0.1
SL-51 4 98-102 37.9 1.1 0.1 0.2
>>Compilation of information from previously mined underground workings along with low grade lead and zinc intercepts in reverse circulation drill holes suggest that there is potential for a large, low grade zinc-lead body of mineralization below higher grade silver intercepts intersected in near surface drill holes and workings.
Reverse circulation samples were collected following standard industry practice and were analyzed by Inspectorate America Corporation using 30 element ICP with a fire assay technique with a gravimetric finish for gold and silver. The majority of the San Lucas Property remains open for exploration. Linda Thorstad, P. Geo. is the qualified person who reviewed the technical data presented in this news release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Contact:
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-604-683-5651, E: linda.thorstad@oremex.com