Business
Oremex Announces Board of Directors
Oremex Announces Board of Directors.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, May 4 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the\n"Company") announced that at the Annual General Meeting of the Shareholders\nheld on May 3, 2007, the shareholders elected two new directors, Chris Marcus\nand Craig Thomas, and re-elected the following incumbent directors: Francisco\nCrespo Hernandez, Ross Glanville, Iain MacPhail, Andrew Milligan, Dale Scholz,\nand Henry Scholz. Mr. Thomas, partner at Thomas, Rondeau, is a lawyer\npracticing in British Columbia with extensive experience in corporate finance,\nmergers and acquisitions, and mining. Mr. Marcus, CEO and Founder of Fyre\nMarketing LLC, is a communications and investor relations specialist.\n\n\nThe Company also announced the grant of 150,000 stock options each to Mr.\nMarcus and Mr. Thomas under the incentive stock option plan. The options are\nexercisable at a price of $0.54 per share for a period of five years.\n\n\nThe Company has completed a 5,000-metre drill program at its San Lucas\nProperty, testing extensions down dip and along trend of mineralization. A\n3,000-metre drill program completed in 2005 outlined gold-silver-lead-zinc\nmineralization over a strike length of 2 kilometres with widths up to\n70 metres of a mineralized zone that has been mapped for over 4 kilometres.\nResults are pending.\n\n\nIn addition, the Company is continuing discussions with the Ejido\n(governing authority for the village and surrounding lands) at the Tejamen\nSilver Property while pursuing access to surface rights through applicable\nfederal laws. Tejamen contains a 43-101 compliant (April 2006) resource of\n50.8 million ounces of silver and, according to a 43-101 compliant (October\n2006) preliminary assessment study, can support a large open pit, heap leach\noperation.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy and accuracy of this release.\n\n\nNational Instrument 43-101 requires the following statement: that the\npreliminary assessment is preliminary in nature, that it includes inferred\nmineral resources that are considered too speculative geologically to have the\neconomic considerations applied to them that would enable them to be\ncategorized as mineral reserves, and there is no certainty that the\npreliminary assessment will be realized.\n\n\nForward-Looking Statements: The ...