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
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