Business
Orex Hits 61 Metres Grading 359 g/t Silver from Surface at the Sandra Escobar Project in Durango, Mexico
VANCOUVER, Jan. 25, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that assay results for the first hole of the 2015-2016 diamo
About this update from Orex Minerals Inc.
[{"type":"text","content":"VANCOUVER, Jan. 25, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) (\"Orex\"), is pleased to announce that assay results for the first hole of the 2015-2016 diamond drilling program on the Sandra Escobar Project have been received. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) (\"Canasil\"). Hole SA-15-001 has 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. Orex's President, Gary Cope says, \"This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres.\" Sandra Escobar Project SA-15-001 Drill Hole Intercepts – 2015-2016 Program Hole From (m) To (m) Core Length (m) True Thick. (m) Ag (g/t) SA-15-001 1.00 62.00 61.00 43.13 359 Includes 6.00 24.00 18.00 12.73 748 Includes 14.00 23.00 9.00 6.36 1,204 Includes 20.00 23.00 3.00 2.12 2,271 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. Of the 61 samples included in the above intercept, 60 of the samples exceeded 100 g/t silver, thus demonstrating a strong continuity of mineralization. The detailed table of assays is included on page 3. As part of an early stage exploration program, the above results do not contain any top end truncation (capping). The diamond drilling was contracted by Kluane Drilling Ltd. and analytical testing was performed by SGS Mineral Services. Silver values were determined by fire assay with an atomic absorption finish. Multi-element analyses were also determined using a 4-acid di...