Business
Oremex Resources Inc. - Appointment of Chief Executive Officer
Oremex Resources Inc. - Appointment of Chief Executive Officer.
About this update from Monarca Minerals Inc.
[{"type":"text","content":"\n\n\n\n\nTSX-V: ORM\n\nVANCOUVER, July 25 /CNW/ - Oremex Resources Inc. (TSXV symbol - ORM) (the\n\"Company\") is pleased to announce the appointment of Linda Thorstad, PGeo, as\nthe Chief Executive Officer of the Company. A registered professional\ngeoscientist, Thorstad has many years of senior management experience in the\nmining industry and brings a wealth of development and mining experience to\nthe Company. In addition to her many senior mining roles, she is past\npresident of the Association of Professional Engineers and Geoscientists of BC\nas well as recipient of the 2002 Woman of Influence in Business Award. Her\ntechnical background, coupled with strong communications and management\nskills, will be an asset to the Company.\nThe Company's Chairman, Andrew Milligan stated: \"The Company is delighted\nto have someone with Ms. Thorstad's background and experience to fill the CEO\nrole and round out the management team\".\nThe Company also announced the grant of 250,000 stock options to\nMs. Thorstad under the incentive option plan. The options are exercisable at a\nprice of $0.60 per share for a period of five years.\nCompany assets include both the Tejamen Silver and the San Lucas\nPolymetallic Properties located in Mexico. An independent resource study\n(NI 43 - 101 compliant) concluded that the Tejamen property contains an\nequivalent silver resource of 50.8 million ounces in a total of 22,600,000\ntonnes, grading a silver equivalent of 69.8 grams per tonne. An independent\npreliminary assessment is anticipated for late summer 2006.\nThe San Lucas Property represents a promising polymetallic project.\nOremex continues to evaluate its other mineral concessions for principal\nproperty status and will either complete further exploration work or sell the\nasset.\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 an...