Orex Files an Updated Resource Estimate for Barsele Gold Project, Sweden
December 03 2012 - 5:29PM
Marketwired
Orex Minerals Inc. (TSX VENTURE:REX) ("Orex") is pleased to report
that a technical report prepared in accordance with National
Instrument 43-101 ("NI 43-101") in support of the Company's
November 21, 2012 news release, which included an updated
independently verified mineral resource estimate for its Barsele
Gold Project near Storuman, in northern Sweden has been completed
and filed today. The full report is now available on SEDAR at
www.sedar.com. The study incorporates all drilling to date
including the 16 diamond drill holes completed in early 2012. The
updated resource estimate on the Central-Avan-Skirasen gold zones,
at a 0.6 g/t cut-off, has outlined an Indicated Resource of 14.1
million tonnes grading 1.21 gold grams per tonne (g/t) or 547,000
contained ounces of gold. In addition, the study has estimated
additional Inferred Resources of 20.2 million tonnes grading 0.97
gold grams per tonne (g/t) or 627,000 contained ounces of gold.
This represents a 43% increase in the Indicated Resources and a 3%
decrease in the Inferred Resources from the previous Feb. 11, 2011
resource estimate using the same cut-off grade.
Arthur 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.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. (TSX VENTURE:REX) is a Canadian-based junior
exploration company comprised of highly qualified mining
professionals. The Company has two current projects: its flagship
property, the Barsele Gold Project located in Sweden, and the
Coneto Silver-Gold Project situated in Durango, Mexico, currently
under option to Fresnillo PLC.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
FORWARD-LOOKING INFORMATION
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 and Orex undertakes no obligation to
update such statements, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Contacts: Orex Minerals Inc. Gary Cope President (604)
687-8566info@orexminerals.com www.orexminerals.com