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Orex Completes 17 Holes in Phase-I and will Proceed to Phase-II Drilling on the Sandra Escobar Project in Durango, Mexico
VANCOUVER, Feb. 18, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that the initial 2,000 metres diamond drilling in 17 holes h
About this update from Orex Minerals Inc.
[{"type":"text","content":"VANCOUVER, Feb. 18, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) (\"Orex\"), is pleased to announce that the initial 2,000 metres diamond drilling in 17 holes have been completed on the Sandra Escobar Project in Durango, Mexico. The diamond drilling program will be extended a further 3,000 metres in Phase-II, commencing in the first week of March. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (\"Canasil\"). Results for the first hole were published in a news release (25 January 2016) and subsequent holes will be published in batches as the silver fire assay data becomes available. The first hole SA-15-001 yielded a 61 metres core length (43.1 metres true thickness) intercept grading 359 g/t silver, starting from surface. Within this is a sub-interval of 18 metres (12.7 metres true thickness) grading 748 g/t silver. A map showing the locations of the drill holes is attached for reference. Orex's President, Gary Cope says, \"The high-grade and thick drilling results definitely warrant a continuation of the drilling program in the southeastern region of the Sandra Escobar Project. We have now drilled the mineralized horizon over a strike length of 550 metres. Results will be released over the next several weeks.\" The KD-1000, man-portable diamond drill rig remains on site for the March resumption of drilling. Kluane Drilling Ltd. provides the drilling services. Silver mineralization is hosted on the north side of a rhyolite volcanic dome. An altered and highly permeable volcaniclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have focused mineralizing fluids into the host permeable volcaniclastic unit. Orex maintains a QA/QC sampling protocol for the diamond drilling program, including the insertion of commercial analytical standards and blank samples. Analytical testing is performed by SGS Mineral Services. Silver values are determined by fire assay with an atomic absorption finish. Multi-element analyses are also determined using a 4-acid digestion and ICP-MS (Inductively Coupled Plasma Mass Spectrometry). Sandra Escobar Silver-Gold Project, Durango, Mexico Sandra Escobar is situated north of the town of ...