Orex Hits 61 Metres Grading 359 g/t Silver from Surface at the Sandra Escobar Project in Durango, Mexico

VANCOUVER, Jan. 25, 2016 /CNW/ - Orex Minerals Inc. – (TSX-V: REX) ("Orex"), is pleased to announce that assay results for the first hole of the 2015-2016 diamond drilling program on the Sandra Escobar Project have been received. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. – (TSX.V: CLZ) ("Canasil").

Hole SA-15-001 has yielded a 61 metres core length (43.1 metres true thickness) intercept grading 359 g/t silver, starting from surface. Within this is a sub-interval of 18 metres (12.7 metres true thickness) grading 748 g/t silver.

Orex's President, Gary Cope says, "This excellent high-grade and thick drilling result is the first hole in the southeastern region of the Sandra Escobar Project. Silver mineralization starts from surface in this hole. While it is still early in the program, silver has been detected in outcrops over a strike length of 700 metres."

 

Sandra Escobar Project SA-15-001 Drill Hole Intercepts – 2015-2016 Program

Hole

From (m)

To (m)

Core Length (m)

True Thick. (m)

Ag (g/t)

SA-15-001

1.00

62.00

61.00

43.13

359

  Includes

6.00

24.00

18.00

12.73

748

  Includes

14.00

23.00

9.00

6.36

1,204

  Includes

20.00

23.00

3.00

2.12

2,271

 

Silver mineralization is hosted on the north side of a rhyolite volcanic dome. An altered and highly permeable volcaniclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have focused mineralizing fluids into the host permeable volcaniclastic unit. 

Orex maintains a QA/QC sampling protocol for the diamond drilling program, including the insertion of commercial analytical standards and blank samples. Of the 61 samples included in the above intercept, 60 of the samples exceeded 100 g/t silver, thus demonstrating a strong continuity of mineralization. The detailed table of assays is included on page 3. As part of an early stage exploration program, the above results do not contain any top end truncation (capping). The diamond drilling was contracted by Kluane Drilling Ltd. and analytical testing was performed by SGS Mineral Services. Silver values were determined by fire assay with an atomic absorption finish. Multi-element analyses were also determined using a 4-acid digestion and ICP-MS (Inductively Coupled Plasma Mass Spectrometry).

Sandra Escobar Silver-Gold Project, Durango, Mexico

Sandra Escobar is situated north of the town of Tepehuanes, Durango, in the heart of the "Mexican Silver Trend", midway between the mining districts of Tovar and Guanacevi and is 75 km west of Silver Standard's La Pitarrilla. 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.

The project consists of 6,976 hectares of mineral concessions and covers multiple mineralized epithermal quartz veins and breccia structures. These veins form a high level silver-gold-base metals system, hosted in andesitic and rhyolitic rocks, centered on a large rhyolite dome complex in the north and silver systems in smaller rhyolite dome complexes to the southeast. Intense alteration zones and fluid flooding in permeable formations may also indicate the presence of bulk tonnage targets. Excellent infrastructure exists in the Sandra Escobar area, including paved road access, electrical power, water and manpower from nearby communities.

Dale Brittliffe, P.Geo., and Ben Whiting, P.Geo., are Qualified Persons, as defined in NI 43-101, and take responsibility for the technical disclosure contained within this news release.

ABOUT OREX MINERALS INC.

Orex is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Orex has several current projects: the Coneto Gold-Silver Project in Durango, Mexico, a joint venture with Fresnillo PLC, the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Jumping Josephine Gold-Silver Project in British Columbia, Canada, plus this newest Sandra Escobar Silver Project in Durango, Mexico, with Canasil Resources Inc. 

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, 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.


Sandra-Escobar Project – Hole SA-15-001 - Silver Grades

Sample No.

From

To

Silver g/t


Sample No.

From

To

Silver g/t

Casing

0

1

n/a


545138

35

36

300.48

545101

1

2

164.62


545139

36

37

329.27

545102

2

3

122.07


545141

37

38

240.10

545103

3

4

117.58


545142

38

39

254.03

545104

4

5

127.80


545143

39

40

315.37

545105

5

6

165.08


545144

40

41

255.43

545106

6

7

209.80


545145

41

42

197.04

545107

7

8

363.54


545146

42

43

170.71

545108

8

9

437.79


545147

43

44

158.04

545109

9

10

430.78


545148

44

45

141.85

545111

10

11

310.19


545149

45

46

150.94

545112

11

12

231.48


545199

46

47

155.04

545113

12

13

197.49


545151

47

48

129.17

545114

13

14

173.38


545152

48

49

175.16

545115

14

15

951.09


545153

49

50

196.52

545116

15

16

645.68


545154

50

51

274.73

545117

16

17

825.40


545155

51

52

239.50

545118

17

18

456.36


545156

52

53

253.38

545119

18

19

618.79


545157

53

54

265.06

545121

19

20

526.64


545158

54

55

250.88

545122

20

21

2324.80


545159

55

56

252.05

545123

21

22

3654.89


545161

56

57

246.93

545124

22

23

832.93


545162

57

58

205.35

545125

23

24

269.19


545163

58

59

203.59

545126

24

25

156.36


545164

59

60

147.13

545127

25

26

190.49


545165

60

61

107.51

545128

26

27

121.91


545166

61

62

117.18

545129

27

28

97.02


545167

62

63

79.35

545131

28

29

160.67


545168

63

64

43.95

545132

29

30

318.04


545169

64

65

51.04

545133

30

31

158.59


545171

65

66

94.58

545134

31

32

135.57


545172

66

67

46.50

545135

32

33

178.43


545173

67

68

31.28

545136

33

34

228.13


545174

68

69

20.88

545137

34

35

285.18


545175

69

70

21.49

 

SOURCE Orex Minerals Inc.

For further information: Orex Minerals Inc. at (604) 687-8566 x227, email info@orexminerals.com or visit our website at www.orexminerals.com

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