VANCOUVER, June 15 /CNW/ - Oremex Resources Inc. (TSXV symbol - ORM) (the
"Company"). Oremex Resources announces the commencement of a diamond drilling
program at its Tejamen silver property in Durango, Mexico. The purpose of the
diamond drilling is to provide larger size samples for metallurgical testing
and rock mechanics as inputs to the determination of the economics related to
an open-pit heap-leach mine. The diamond drilling is also designed to provide
additional confirmation of the mineralization delineated by the extensive
reverse circulation drilling program that established a 50,000,000 ounce
silver resource (in the inferred category, based on the NI 43-101 report).
Furthermore, some of the diamond drilling will involve deeper holes to
determine the extent of the mineralization, since many of the reverse
circulation ("RC") holes ended in relatively high grade silver zones.
Metallurgical testing to date has been conducted on cuttings from the RC
drill holes, with favorable results (up to 78% metallurgical recoveries).
However, RC drill cuttings are generally less than one quarter of an inch in
size, and the diamond drilling will provide larger-sized pieces of rock for
further testing.
In addition to the metallurgical work, the diamond drill core will
provide fresh rock for rock mechanics testing to assist in the estimate of pit
slopes for mine design purposes. As a result, strip ratios (waste to ore
ratios) will be determined at a variety of cut-off grades, this enabling the
estimation of required mining equipment and related costs.
The diamond drilling program will be conducted at both the Cerro Prieto
and Los Mantos areas, with the first phase involving about ten drill holes,
with a total length of about 2,500 meters. Core from the drill holes will be
composited to represent the anticipated general grade of the deposit as it is
expected to be mined. Oremex plans to conduct two column leach tests on the
composite samples.
About Oremex Resources Inc.
Oremex Resources Inc. (www.oremex.com) is a Vancouver based resource
company that is actively developing two of its six silver properties in
Mexico. Oremex management are experienced in exploration and mining, with
expertise in the development and operation of mines.
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.
