VANCOUVER, Sept. 5 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") is pleased to announce that it has retained Snowden Mining Industry
Consultants Inc. ("Snowden") to conduct an independent Preliminary Assessment
Study on its Tejamen silver property in Mexico.
The Preliminary Assessment Study will utilize the Wardrop Engineering
resource model, develop a range of capital and operating costs and review
metallurgical results. The scope of the study will result in a new Technical
Report for the project, including a financial analysis using a range of costs,
silver metal prices and annual production rates.
"This represents an important step in the strategic development of the
Tejamen silver property," said Linda Thorstad, CEO. "A wealth of international
study experience in many commodities will enable Snowden to provide the
highest standard of reports to the Company. The project team has an impressive
background and offers a broad cross-section of the necessary expertise to
deliver a realistic preliminary assessment for the project."
The Company's most advanced projects are its Tejamen silver property and
its San Lucas polymetallic property, both located in Mexico. An independent
resource study (NI 43-101 compliant) concluded that the Tejamen property
contains a silver-equivalent resource of 50.8 million ounces in a total of
22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne
(69.8 grams per tonne). The independent Preliminary Assessment Study is
expected to be completed by the end of September, 2006.
The TSX Venture Exchange has not reviewed or does not accept
responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral recovery
processes, etc. Forward-looking statements address future events and
conditions and, therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
