Vancouver, Canada (ots/PRNewswire)
- Oremex Resources Inc. (TSX-V:
ORM) (the "Company") is pleased to announce that it has retained
Snowden Mining Industry Consultants Inc. ("Snowden") to conduct an
independent Preliminary Assessment Study on its Tejamen silver
property in Mexico.
The Preliminary Assessment Study will utilize the Wardrop
Engineering resource model, develop a range of capital and operating
costs and review metallurgical results. The scope of the study will
result in a new Technical Report for the project, including a
financial analysis using a range of costs, silver metal prices and
annual production rates.
"This represents an important step in the strategic development of
the Tejamen silver property," said Linda Thorstad, CEO. "A wealth of
international study experience in many commodities will enable
Snowden to provide the highest standard of reports to the Company.
The project team has an impressive background and offers a broad
cross-section of the necessary expertise to deliver a realistic
preliminary assessment for the project."
The Company's most advanced projects are its Tejamen silver
property and its San Lucas polymetallic property, both located in
Mexico. An independent resource study (NI 43-101 compliant) concluded
that the Tejamen property contains a silver-equivalent resource of
50.8 million ounces in a total of 22.6 million tonnes, grading a
silver-equivalent of 2.25 ounces per tonne (69.8 grams per tonne).
The independent Preliminary Assessment Study is expected to be
completed by the end of September, 2006.
The TSX Venture Exchange has not reviewed or does not accept
responsibility for the adequacy or accuracy of this release. 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.
ots Originaltext: Oremex Resources Inc.
Im Internet recherchierbar: http://www.presseportal.ch
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-(604)-683-5651, E: email@example.com