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Oremex Commissions Independent Preliminary Assessment Study on Tejamen Silver Property
Oremex Commissions Independent Preliminary Assessment Study on Tejamen Silver Property.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Sept. 5 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the\n\"Company\") is pleased to announce that it has retained Snowden Mining Industry\nConsultants Inc. (\"Snowden\") to conduct an independent Preliminary Assessment\nStudy on its Tejamen silver property in Mexico.\nThe Preliminary Assessment Study will utilize the Wardrop Engineering\nresource model, develop a range of capital and operating costs and review\nmetallurgical results. The scope of the study will result in a new Technical\nReport for the project, including a financial analysis using a range of costs,\nsilver metal prices and annual production rates.\n\"This represents an important step in the strategic development of the\nTejamen silver property,\" said Linda Thorstad, CEO. \"A wealth of international\nstudy experience in many commodities will enable Snowden to provide the\nhighest standard of reports to the Company. The project team has an impressive\nbackground and offers a broad cross-section of the necessary expertise to\ndeliver a realistic preliminary assessment for the project.\"\nThe Company's most advanced projects are its Tejamen silver property and\nits San Lucas polymetallic property, both located in Mexico. An independent\nresource study (NI 43-101 compliant) concluded that the Tejamen property\ncontains a silver-equivalent resource of 50.8 million ounces in a total of\n22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne\n(69.8 grams per tonne). The independent Preliminary Assessment Study is\nexpected to be completed by the end of September, 2006.\n\nThe TSX Venture Exchange has not reviewed or does not accept\nresponsibility for the adequacy or accuracy of this release. This news release\nmay contain forward-looking statements including but not limited to comments\nregarding the timing and content of upcoming work programs, geological\ninterpretations, receipt of property titles, potential mineral recovery\nprocesses, etc. Forward-looking statements address future events and\nconditions and, therefore, involve inherent risks and uncertainties. Actual\nresults may differ materially from those currently anticipated in such\nstatements.\n\n\n","length":2228,"tagName":"div"}]