|
Orex Provides Results for the First Diamond Drill Hole at Barsele, Sweden22.02.2012 | 15:00 Uhr | Marketwired
VANCOUVER, Feb. 22, 2012 - Orex Minerals Inc. (TSX VENTURE: REX) (“Orex“) is pleased to announce the results from the first diamond drill hole of this first campaign, within the Central area of our Barsele Gold Project. The purpose of this initial drill hole is to confirm historic results in the Central Area of the project and to assess different analytical techniques that could yield higher gold recovery, as there is a potential “nugget effect“ due to visible gold occurring frequently in the core. Full Metallic Screen (FMS) Assay as well as Fire Assay (FA) techniques have been carried out with the following results.
Hole (Year) From To Core Length Analytical Method Gold To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/rex222i.pdf As of the date of this News Release, the ninth drill hole of this campaign is nearing completion. The Company also plans to drill test the Avan Zone, contiguous to the northwest of the Central Zone, as well as new gold and base metal targets outlined by the recent geophysical surveys within the Project. Gary Cope, President of Orex, says, “We are very happy with the assay results from the first hole and are encouraged to see that the Full Metallic Screening procedure yields a 7.5% improvement in grade.“ The Barsele Project is located approximately 40 kilometres southeast of the town of Storuman in Västerbottens Län, a regional district of Northern Sweden, approximately 600 km due north of Stockholm. On February 28, 2011, Orex released a NI43-101 compliant resource estimate report for Barsele. The Central-Avan-Skiråsen gold zones, at a 0.6 g/t Au cut-off, have an Indicated Resource of 9.97 million tonnes grading 1.19 g/t Au or 382,000 contained ounces of gold. Also, the report has outlined an additional Inferred Resource of 21.04 million tonnes grading 0.96 g/t Au or 648,000 contained ounces of gold. In addition, an estimate has also been prepared at the Norra volcanogenic massive sulphide (VMS) deposit, at a 0.6 g/t Au cut-off, that has outlined an Indicated Resource of 110,000 tonnes grading 3.13 gold g/t, Au, 30.27 g/t Ag, 0.53% Cu and 0.72% Zn. The report has also provided an additional Inferred Resource of 310,000 tonnes grading 1.62 g/t Au, 12.69 g/t Ag, 0.26% Cu and 0.42% Zn. Art Freeze, P.Geo., a Director of Orex, is a Qualified Person as defined in NI 43-101 and takes responsibility for the technical disclosure in this news release. Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the drill core sample stream. Samples are placed in sealed bags and shipped directly to ALS Minerals Laboratory in Piteå, Sweden for preparation, and ultimately to ALS Minerals Laboratory in Vancouver, Canada, for gold and other element analysis. About Orex Minerals Inc. Orex Minerals Inc. is a junior mineral exploration company comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and gold-silver properties in Sweden and Mexico. ON BEHALF OF THE BOARD OF DIRECTORS Gary Cope President 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, results, 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, and Orex undertakes no obligation to update such statements, except as required by law. 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. Contact Information Orex Minerals Inc. Gary Cope, President (604) 687-6310 (604) 687-6365 (FAX) info@orexminerals.com www.orexminerals.com Unternehmen dieses Artikels: PMI Gold Corp., Dieser Artikel stammt von Rohstoff-Welt.de
Die URL für diesen Artikel ist: http://www.rohstoff-welt.de/news/artikel.php?sid=29851
© 2007 - 2024 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr! Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert) Werbung | Mediadaten | Kontakt | AGB | Impressum | Datenschutz |