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A 5,000 Metres Diamond Drilling Program will be Conducted on the Coneto Gold-Silver Project in Durango, Mexico
A 5,000 Metres Diamond Drilling Program will be Conducted on the Coneto Gold-Silver Projec...
About this update from Orex Minerals Inc.
[{"type":"text","content":"\n\n\n\nA 5,000 Metres Diamond Drilling Program will be Conducted on the Coneto Gold-Silver Project in Durango, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nA 5,000 Metres Diamond Drilling Program will be Conducted on the Coneto Gold-Silver Project in Durango, Mexico\nCanada NewsWire\nVANCOUVER, June 20, 2016\n\n\n\nVANCOUVER, June 20, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) (\"Orex\"), is pleased to announce that project partner Fresnillo PLC (LSE: FRES) (\"Fresnillo\"), will be conducting a Phase-V diamond drilling program of approximately 5,000 metres in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. \n\nThe Coneto Project is a joint venture, with ownership of 55:45 % between Fresnillo and Orex. The mineral concessions of both parties in the Coneto Mining District have recently been combined (subject to final registration before the Public Registry of Mexico, which is expected to be obtained in the next few weeks) into a company named \"Exploraciones y Desarrollos Mineros Coneto S.A.P.I.\" in order to advance the project. A Technical Committee, with membership from both companies, guides the exploration programs.\n\nThe main objective of the new program will be to extend the diamond drilling coverage adjacent to gold-silver intercepts in the Zona Norte (La Bufa and Santo Niño veins), Zona Oeste (Loma Verde vein), Zona Centro (Descubridora vein) and Zona Sur (Durazno, Impulsora and Promontorio veins).  \n\nFor the Loma Verde vein, the furthest north previous hole was BCO-66, which yielded 4.85 metres (true thickness 3.45 metres) grading 3.22 Au g/t and 238 Ag g/t for a silver-equivalent grade of 432 g/t, (see Orex news release 10 August 2015). New drilling in this zone will be located in step-outs further to the north and at depth from hole BCO-66.\n\nOrex's President, Gary Cope says, \"We anticipate the new diamond drilling phase will commence in the third quarter 2016. Congratulations to both teams on the successful combination of our portions of the Coneto Mining District. We look forward to continued excellent teamw...