Oremex Provides Update on Tejamen Silver Property



    VANCOUVER, June 25 /CNW/ - Oremex Resources Inc. (TSX-V: ORM) (the
"Company") today announced an update on progress at its Tejamen Silver
Property in the State of Durango, Mexico. The Company's representatives are
continuing discussions with the Ejido of Tejamen, which holds the surface
rights to the Tejamen Silver Property. Discussions are progressing well and
the Company is confident that a settlement that will benefit both parties can
be achieved.
    A NI 43-101 compliant preliminary assessment study completed in October
2006 by Snowden Industry Mining Consultants ("Snowden") scoped the project as
a 10,000 tonne per day heap leach operation with open pit mining from the two
mineralized zones, Cerro Prieto and Los Mantos. As a portion of the village of
Tejamen lies between the two zones, Snowden considered an early move of the
village to be an important component in advancing the project to production.
    Management has now completed an internal analysis based on data and cost
estimates from the Snowden report that supports initial production from Los
Mantos, the southern zone of mineralization, which would preclude the need to
move the village of Tejamen in the near term. Disturbance to the village would
be minimal under this plan of operations and production could proceed for a
minimum of four years. The Los Mantos Zone contains approximately 70 percent
of the silver content defined to date on the property. It also offers
significant exploration potential for the addition of silver resources on the
property. Under the guidance of the Company's new project development manager,
options for commencement at Los Mantos with follow-up mining at the Cerro
Prieto Zone are under consideration.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    National Instrument 43-101 requires the following statement: that the
preliminary assessment is preliminary in nature, that it includes inferred
mineral resources that are considered too speculative geologically to have the
economic considerations applied to them that would enable them to be
categorized as mineral reserves, and there is no certainty that the
preliminary assessment will be realized.

    Forward-Looking Statements: The above contains forward-looking statements
that are subject to a number of known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those
anticipated in our forward-looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues
and mineral recovery processes. Although we believe the expectations reflected
in our forward-looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance or
achievements.





For further information:

For further information: Linda Thorstad, M.Sc., P.Geo., Chief Executive
Officer, T: (604) 683-5651, E: linda.thorstad@oremex.com

Organization Profile

OREMEX RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890