Announcement Date: 2021-11-15
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Orex Minerals Inc.
Project name: Coneto
Location: Mexico
Commodities: Gold,Silver
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: October 27, 2021: Vancouver, BC – Orex Minerals Inc. (TSX-V: REX – OTCQB: ORMNF) (“Orex”) is pleased to announce that the joint venture company, Exploraciones y Desarrollos Mineros Coneto, SAPI de CV, 55% Fresnillo plc (LON: FRES) – 45% Orex, has received results of the first independent mineral resource estimate for the Coneto Gold-Silver Project in Durango, Mexico. The mineral resource estimate was prepared by Fresnillo and audited by SRK Consulting (Canada) Inc. to conform with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (November 2019) and are reported in accordance with the Canadian Securities Administrators’ National Instrument 43-101 and Form 43-101F1. The mineral resource estimate is based on a database of 106 diamond drill holes, totaling 38,515 metres, drilled between 2010 and 2017, considering gold and silver recovery results from the 2021 metallurgical testing program (news release: 8 August 2021). Six separate zones on the Property were included in the mineral resource estimate.
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