Business
Oremex Commences Drilling at San Lucas Property
Oremex Commences Drilling at San Lucas Property.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\nVANCOUVER, Feb. 9 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the\n\"Company\") announces that it has commenced drilling on its San Lucas Property\n80 km north of Durango in the State of Durango, Mexico.\n\n\n\"The San Lucas Property has significant exploration potential. The\n5,000-metre program of drilling will begin to test extensions of\nmineralization along strike and below previously drilled mineralization at the\nproperty,\" said Dale Scholz, president of the Company.\n\n\nAt the San Lucas Property, a 19-hole drill program completed in 2005\noutlined a high grade gold-silver-lead-zinc mineralized system in volcanic\nrocks over a two-kilometre strike length. Preliminary surface mapping and\nsampling have traced the zone for an additional two kilometres along strike\nfrom the original drilling. Highlights of the 2005 drill program included\nintercepts of 9.26 grams per tonne (\"gpt\") of gold and 233 gpt silver over 4\nmetres in Hole 3 and 203 gpt silver over 6 metres in Hole 4. Mapping and\nsampling have also identified a separate mineralized structure.\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\nForward-Looking Statements: The above contains forward-looking statements\nthat are subject to a number of known and unknown risks, uncertainties and\nother factors that may cause actual results to differ materially from those\nanticipated in our forward-looking statements. Factors that could cause such\ndifferences include: changes in world commodity markets, equity markets, costs\nand supply of materials relevant to the mining industry, change in government\nand changes to regulations affecting the mining industry. Forward-looking\nstatements in this release include statements regarding future exploration\nprograms, operation plans, geological interpretations, mineral tenure issues\nand mineral recovery processes. Although we believe the expectations reflected\nin our forward-looking statements are reasonable, results may vary, and we\ncannot guarantee future results, levels of activity, performance or\nachievements.\n\n\n","length":2194,"tagName":"div"}]