Oremex Commences Drilling at San Lucas Property
Vancouver, Canada (ots/PRNewswire)
Oremex Resources Inc. (TSX-V: ORM) (the "Company") announces that it has commenced drilling on its San Lucas Property 80 km north of Durango in the State of Durango, Mexico.
"The San Lucas Property has significant exploration potential. The 5,000-metre program of drilling will begin to test extensions of mineralization along strike and below previously drilled mineralization at the property," said Dale Scholz, president of the Company.
At the San Lucas Property, a 19-hole drill program completed in
2005 outlined a high grade gold-silver-lead-zinc mineralized system
in volcanic rocks over a two-kilometre strike length. Preliminary
surface mapping and sampling have traced the zone for an additional
two kilometres along strike from the original drilling. Highlights
of the 2005 drill program included intercepts of 9.26 grams per
tonne ("gpt") of gold and 233 gpt silver over 4 metres in Hole 3 and
203 gpt silver over 6 metres in Hole 4. Mapping and sampling have
also identified a separate mineralized structure.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
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.
Contact:
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-(604)-683-5651, E: linda.thorstad@oremex.com