Orex Announces the Filing of a NI43-101 Technical Report for a Mineral Resource Estimate on the Coneto Gold-Silver Project in Durango, Mexico
Orex Announces the Filing of a NI43-101 Technical Report for a Mineral
Resource Estimate on the Coneto Gold-Silver Project in Durango, Mexico
VANCOUVER, BC
,
Nov. 16, 2021
/CNW/ -
Orex Minerals Inc.
(TSXV: REX) (OTCQB: ORMNF) (the "
Company
" or "
Orex
") is pleased to announce that an
independent technical report has been filed with SEDAR covering the recently released Mineral Resource Estimate on the Coneto Gold-Silver Project in
Durango,
Mexico
. The report was prepared in compliance with the Canadian Securities Administrators National Instrument 43-101 – Standards of Disclosure for Mineral
Projects ("NI43-101"), the details of which were reported in an Orex news release on
October 27, 2021
. The Mineral Resource Estimate conforms with generally
accepted CIM "Estimation of Mineral Resources and Mineral Reserves Best Practices" guidelines.
The full technical report dated
October 20, 2021
, with an effective date as of
August 30, 2021
, is entitled;
"Independent Technical Report for the Coneto Gold-
Silver Project,
Durango, Mexico
"
. The Mineral Resource Estimate was prepared by
Fresnillo
plc (LON: FRES) and audited by SRK Consulting (
Canada
) Inc. The
full technical report was prepared for Orex Minerals Inc. by SRK Consulting (
Canada
) Inc. and can be found under the Company's issuer profile at
www.sedar.com
. The report is also available at
www.orexminerals.com
.
Coneto Silver-Gold Project,
Durango, Mexico
The Coneto Gold-Silver Project is operated by a joint venture company Exploraciones y Desarrollos Mineros Coneto, SAPI de CV, which is owned 55% by
Fresnillo
and 45% by Orex.
Coneto is situated around the town of
Coneto de Comonfort, Durango
, in the heart of the "Mexican Silver Trend". It is approximately 100 km north of the City of
Durango and 25 km west of Argonaut's El Castillo Gold Mine. This prolific trend hosts some of the world's largest silver camps and deposits, including
Fresnillo
,
Guanajuato
, La Pitarrilla, La Preciosa, Real de Angeles and
Zacatecas
. (Note: Mineralization hosted on adjacent and/or nearby properties may not necessarily be
indicative of mineralization hosted on the JV's property.)
The Project consists of approximately 4,997 hectares (11,860 acres) of contiguous mineral concessions and covers over 40 discrete mineralized low to
intermediate-sulphidation epithermal quartz veins. Excellent infrastructure exists in the Coneto area, including paved road access, electrical power, water and
manpower from nearby communities.
Ben Whiting
, P.Geo., and Dale Brittliffe, P.Geo., are Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained in this
news release.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a mineral exploration company focused on precious and base metals exploration in
Mexico
and
Canada
. Orex has several current projects:
Two projects are located in Durango State,
Mexico
, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with
Fresnillo PLC. The third project is the Jumping Josephine Gold Project in
British Columbia, Canada
. Orex is managed by the experienced Belcarra Group
Management Ltd. (the "
Belcarra Group
"), comprised of highly qualified mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS
Ben Whiting
. P.Geo.
President and CEO
FORWARD LOOKING STATEMENTS
This News Release may contain forward-looking statements including, but not limited to, statements with respect to the planned program and budget for the
Project. 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 and Orex undertakes no obligation to update such statements, except as required by law.
For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion and analysis ("MD&A"), which is
available on SEDAR at
www.sedar.com
and on the Company's website at
www.orexminerals.com
. The risk factors identified in the MD&A are not intended to
represent a complete list of factors that could affect the Company.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE
Orex Minerals Inc.
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For further information:
please contact Orex Minerals Inc. at 604-687-8566, email [email protected] or [email protected], or visit our website
www.orexminerals.com.
CO: Orex Minerals Inc.
CNW 09:00e 16-NOV-21