VANCOUVER, BC, June 26,
2023 /CNW/ - Orex Minerals Inc. (the
"Company" or "Orex") (TSXV: REX) (OTCQB: ORMNF) as
operator of the joint venture, have secured surface access and core
storage facilities for exploration on the Sandra Silver-Gold
Project, located on lands of the Ejido "Escobar y Anexos" in
Guanacevi, Durango, Mexico. The
Sandra Project is held by Empresa Minera Sandra-Escobar S.A. de
C.V., a 60:40 joint venture between Pan American Silver Corp. (TSX:
PAAS) and Orex.
A signing ceremony with the executives of the Ejido was conducted on 7 June 2023, with the presentation of a cheque as
monetary compensation for the use of the land. The village of
Escobar is located approximately 5 kilometres northwest of the
Boleras Silver Deposit.
Orex's President & CEO, Ben
Whiting, P.Geo., said; "Positive engagement with the
local community is an important part of our ongoing commitment to
social responsibilities. Money provided this way will go directly
to the needs of the local community."
SANDRA SILVER-GOLD PROJECT,
DURANGO, MEXICO
The Sandra Silver-Gold Project consists of 6,976 hectares of
mineral concessions, covering multiple Tertiary age precious and
base metal showings within the Cienega de
Escobar caldera complex, on the Mesa Central, west of the
Sierra Madre Occidental, in Durango State, Mexico. It is midway between the mining
districts of Tovar and Guanacevi.
The Boleras Silver Deposit in the southeast part of the caldera
complex is a disseminated, low sulphidation epithermal deposit,
hosted in a rhyolite crystal lithic tuff. A technical report has
been published under NI43-101, describing an Inferred Mineral
Resource of 33.3 million ounces of silver in 9.8 million tonnes
grading 106 g/t (effective date 25 October
2016). The detailed technical report has been filed with
SEDAR and posted on the Orex website for public access.
Ben Whiting, P.Geo., is the
Qualified Person as defined in NI 43-101 and takes 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
www.orexminerals.com
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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content:https://www.prnewswire.com/news-releases/surface-access-and-core-storage-facilities-secured-for-the-sandra-silver-gold-project-in-northwestern-durango-state-mexico-301862468.html
SOURCE Orex Minerals Inc.
