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.