Orex Minerals Achieves Significant Gold-Silver Drill Results
Exciting Gold-Silver Drilling Results at Coneto
Orex Minerals Inc. has announced strong developments from its ongoing exploration efforts on the Coneto Gold-Silver Project. The company reported exceptional findings during the recently completed Phase-VI diamond drilling program that spanned over 2,000 metres across 8 drill holes.
Highlighting the Loma Verde Vein
The Loma Verde vein was the epicenter of attention during this latest phase of drilling. Notably, drill hole BCO-85 revealed a core length of 15.00 meters (true thickness of 11.50 meters), with an impressive grading of 0.75 g/t gold and 174 g/t silver, which translates to a gold-equivalent of 3.02 g/t. Additionally, hole BCO-89 yielded significant results with a core length of 4.50 meters (true thickness of 3.90 meters), yielding 1.70 g/t gold and 180 g/t silver, for a gold-equivalent of 4.05 g/t.
Expert Insights from Orex's Leadership
John Eren, the President and CEO of the company, expressed his enthusiasm over the new drilling results, stating, “The Loma Verde vein was intercepted in every hole during this phase of the program, confirming strong continuity over a 1.2-kilometer strike length. There is also significant potential for further depth exploration.” These statements underline the promising nature of the project and its potential for further resource development.
Drill Hole Results Overview
Orex has meticulously recorded the performance of its drill holes, with significant outputs from multiple holes in this phase. The results align with the company's expectations for the vein structure, supporting ongoing exploration and potential resource expansion moving forward.
Past Drilling and Mineral Resource Estimates
Historically, the Coneto Project represents a community of strategic drilling efforts, having undergone five previous phases of drilling from 2010 to 2017. In total, 106 drill holes have been executed, accumulating a length of over 38,000 meters. These efforts culminated in an independent mineral resource estimate announced previously. The new drilling adds substantially to these figures, completing 114 holes totaling approximately 40,516.47 meters.
Key Mineral Resource Data
The 2021 inferred mineral resources for the project stand at approximately 5,325,000 tonnes, with a significant grading of 1.67 g/t gold and 112 g/t silver, which equates to a gold-equivalent grade of 3.15 g/t. This consists of substantial contained metals, illustrating the project's robustness. Orex Minerals Inc. remains optimistic about future exploration and development efforts.
Project Geography
The Coneto Gold-Silver Project is located in a highly prolific region known for its rich mineral deposits. The project encompasses nearly 4,997 hectares of mining claims and covers over 40 distinct mineralized quartz veins of varying mineral composition. The surrounding infrastructure is well-developed, providing essential support for ongoing exploration activities.
Corporate Overview
Orex Minerals Inc. is dedicated to the exploration of precious and base metals, primarily focused in Mexico and Canada. Along with the Coneto Project, the company manages other significant ventures, including the Sandra Silver-Gold Project in Durango and the Jumping Josephine Gold Project in British Columbia.
Frequently Asked Questions
What are the main findings from Orex Minerals' recent drilling?
The latest drilling at the Loma Verde vein produced excellent gold and silver grades, with significant intercepts confirming the vein's continuity.
How many drill holes has Orex completed on the Coneto Project?
Orex has completed a total of 114 drill holes amounting to approximately 40,516.47 meters of drilling on the Coneto Project.
What is the inferred mineral resource estimate for the project?
The 2021 inferred mineral resource estimate stands at about 5,325,000 tonnes with a gold-equivalent grade of 3.15 g/t.
What potential exists for further exploration at Coneto?
Further depth exploration is possible, particularly as new methods and technologies can enhance resource detection beneath the current veins.
Who is at the helm of Orex Minerals Inc.?
John Eren serves as the President and CEO of Orex Minerals Inc., leading the company's exploration and development strategies.
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