Alle Storys
Folgen
Keine Story von Oremex Resources Inc. mehr verpassen.

Oremex Resources Inc.

Oremex Update

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc.
(TSX-V: ORM) (the Company) today provided an update on the status of
surface access at their flagship Tejamen Silver Property (Tejamen),
State of Durango, Mexico. Discussions continue to progress with the
Ejido of Tejamen (governing authority for the village and surrounding
communal lands) with the guidance and public support of the Secretary
of State for the Governor of Durango and the President of Nuevo
Ideal, the regional district in which Tejamen is located.
The State Governor's Office has pledged support for the project
itself, as well as assistance with the resolution of any outstanding
issues with members of the Ejido of Tejamen in order to ensure that
the project can proceed. The State Governor has designated members of
his cabinet to assist with the negotiations.
At the recent opening of a new health facility in the region,
local representatives of Tejamen presented the State Governor with a
petition in support of the project, urging action to approve and
advance start up of the project.
The President of Nuevo Ideal has publicly stressed the benefits
that the project will bring to local and regional inhabitants which
include significant employment opportunities, social development
programs as well as the provision for small community enterprise.
Tejamen has an Inferred mineral resource of 50.8 million ounces
of silver in a total of 22.6 million tonnes grading a
silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report
NI 43-101 compliant April 2006). Snowden Mining Industry Consultants
("Snowden") completed a Preliminary Assessment Study (NI 43-101
compliant October 2006) for Tejamen. That report demonstrated that
the project could support a 10,000 tonne per day open pit, heap leach
mining operation which has a net present value of US$155 million at a
silver price of US$15 at a 7 percent discount.
The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.
National Instrument 43-101 requires the following statement: that
the preliminary assessment is preliminary in nature, that it includes
inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that
would enable them to be categorized as mineral reserves, and there is
no certainty that the preliminary assessment will be realized.
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.
For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-604-683-5651, E:  linda.thorstad@oremex.com

Contact:

For further information: Linda Thorstad, M.Sc., P.Geo., Chief
Executive Officer, T: +1-604-683-5651, E: linda.thorstad@oremex.com

Weitere Storys: Oremex Resources Inc.
Weitere Storys: Oremex Resources Inc.
  • 06.04.2008 – 13:12

    Oremex Board Adopts Shareholder Rights Plan

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today announced that its board of directors has adopted a Shareholder Rights Plan (the "Rights Plan"). The objectives of the Rights Plan are to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any take-over bid for the Company. Take-over bids may not always ...

  • 17.03.2008 – 19:39

    Oremex Update

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company"). The Board today announced that Mr. Dale Scholz has resigned as a Director of the Company in order to pursue other interests. The Board wishes to thank Mr. Scholz for his years of service and commitment as a founder of the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release. For further ...

  • 09.01.2008 – 14:35

    Oremex Update

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") today provided an update on plans for completion of a feasibility study in 2008 for the Tejamen Silver Property ("Tejamen"), State of Durango, Mexico. Discussions with representatives of the Ejido (local village and surrounding lands) continue to progress well, although more slowly than anticipated. Oremex has generated significant support for development of Tejamen from State, ...