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Oremex Resources Inc.

Oremex Reports Positive Results From Geotechnical Review for Tejamen Silver Property

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company") is pleased to  announce that it has received an
Initial Evaluation of the proposed pit  slopes for its Tejamen silver
property in Mexico from Call & Nicholas, Inc.  ("Call & Nicholas") of
Tucson, Arizona.
The evaluation concludes that overall geotechnical conditions
observed  in the field, and drill holes are very favourable.
Laboratory rock strength  tests indicate a high rock quality. The
findings generally support the pit  slope angles utilized in the
independent Preliminary Assessment Study  completed by Snowden Mining
Industry Consultants ("Snowden"). (Please refer  to news release
dated October 3, 2006.)
"The Call & Nicholas study represents another important step to
advancing the Tejamen property," said Linda Thorstad, CEO.
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, as
reported in April 11,  2006 news release) 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 69.8 grams per tonne (2.04 ounces  per ton).
The independent Preliminary Assessment Study prepared by Snowden
has  concluded that a 10,000 tonne per day open pit mining and heap
leach  processing mining operation at the Tejamen property can
support a  profitable operation when silver prices average US$8 per
ounce and silver  recoveries exceed 65 percent. Metallurgical
testwork to date indicates  recoveries for silver in excess of 70
percent.
In other news, the Company has met the requirements for a Tier 1
company in accordance with TSX Venture Exchange Policy 2.5 and the
Company's classification has changed to Tier 1 Mining Issuer
effective Oct.  24, 2006.
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.

Contact:

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

Plus de actualités: Oremex Resources Inc.
Plus de actualités: Oremex Resources Inc.
  • 12.09.2006 – 20:09

    Oremex Conducts Geotechnical Review of Tejamen Silver Property

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") is pleased to announce that it has retained Call & Nicholas, Inc. of Tucson, Arizona, to conduct a geotechnical review of its Tejamen silver property in Mexico. The review will provide recommendations for slope design angles for a potential open-pit operation and recommend a program for any required additional drill hole, ...

  • 05.09.2006 – 22:06

    Oremex Commissions Independent Preliminary Assessment Study on Tejamen Silver Property

    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 ...