Orex Starts a TITAN-24 Geophysics Survey on Los Crestones Gold-Silver-Copper Project in Mexico
July 7, 2014 (Source: Marketwired) — Orex Minerals Inc. – (TSX VENTURE:REX) (“Orex“), is pleased to announce that a TITAN-24 ground geophysical survey team has now been deployed by Quantec Geosciences on Orex’s Los Crestones Project in Sinaloa, Mexico. A ground Induced Polarization and Magnetotelluric survey will be conducted over the next few weeks.
Orex’s President, Gary Cope says, “Los Crestones has potential for a very large mineralizing system below the known high-grade structures of the crestons. This deep penetration geophysical survey will add to our property knowledge for drill hole targeting later this season.”
Los Crestones Gold-Silver-Copper Project, Sinaloa, Mexico
The Los Crestones project totals 4,168 hectares and is prospective for gold, silver and copper. Mineralization includes north-south oriented structural zones hosting quartz veins, quartz stockworks and breccia fill possibly related to a deeper porphyry and/or diatreme system. 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”. The airborne and ground geophysical programs commissioned by Orex are designed to complement ongoing geological mapping and geochemical sampling. Orex intends to develop drill targets over the summer; diamond drilling is scheduled for late 2014.
Ben Whiting, P.Geo, and Dale Brittliffe, P.Geo. are Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained in this news release.
ABOUT OREX MINERALS INC.
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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: the Barsele Gold Project in Sweden, the Los Crestones Gold-Silver Project in Sinaloa, Mexico, the 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
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>