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Oremex Resources Inc.

Oremex Announces Warrant Extension

Vancouver, Canada (ots/PRNewswire)

Oremex Resources Inc. (TSX-V:
ORM) (the "Company") today announced that  it has received regulatory
approval to extend the expiry date of 700,000  warrants by three
months from March 21, 2007 to June 21, 2007. The exercise  price
remains $0.65 per warrant. The warrants were issued pursuant to a
private placement of 1,400,000 shares with 700,000 non-transferable
share  purchase warrants attached which was accepted for filing by
the TSX Venture  Exchange effective September 20, 2005.
The Company continues to focus on its two key properties: the
Tejamen  Silver Property and San Lucas Property. An independent
resource study NI 43 -101 compliant, as reported in April 11, 2006
news release, has concluded  that the Tejamen Silver 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).
At the San Lucas Property, a 19-hole drill program completed in
2005  outlined a high grade gold-silver-gold-lead-zinc system in
volcanic rocks  over a two-kilometre strike length. A preliminary
surface mapping and  sampling program has traced the zone for an
additional two kilometres along  strike from the original drilling. A
5,000 metre drill program is currently  testing mineralization along
strike and at depth.
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:

For further information: 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.
  • 09.02.2007 – 20:46

    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 ...

  • 30.01.2007 – 22:12

    Oremex Operations Update

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company"), announces that it will commence drilling on its San Lucas Property 80 km north of Durango in the State of Durango, Mexico. The Company has mobilized its recently purchased drill rig to the property and engaged Tiger Drilling ("Tiger") to operate and maintain the drill rig. A director of the Company is the majority shareholder of Tiger. In addition, the Company has secured a second ...

  • 11.12.2006 – 19:23

    Oremex Completes Sale of Mezquital Claims to Canasil

    Vancouver, Canada (ots/PRNewswire) - Oremex Resources Inc. (TSX-V: ORM) (the "Company"), Minera Montana S. de R.L. de C.V. ("Minera Montana"), Canasil Resources Inc. ("Canasil") and its wholly owned subsidiary Minera Canasil S.A. de C.V. ("Minera Canasil") are pleased to announce completion of the transfer of claim titles for 100% interest in the Mezquital claims from Minera Montana to Minera Canasil. Canasil ...