Welcome To The Orex Exploration HUB On AGORACOM
A junior gold exploration company
Message: Reports Gold Assays From Phase 2C Drilling
| May 7, 2009 | |
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Orex Reports Gold Assays From Phase 2C Drilling
Company awaiting new NI 43-101 resource estimates |
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MONTREAL, CANADA--(Marketwire - May 7, 2009) - OREX EXPLORATION INC. (TSX VENTURE:OX)(FRANKFURT:O5D) would like to provide its shareholders with additional gold assay results from the recently completed Phase 2C diamond drilling program (Holes BR08-33 to 44, inclusive) on the Company's wholly-owned Goldboro Gold Project in north eastern Nova Scotia. All 12 holes (BR08-33 to 44), comprising 3,006m of the Phase 2C drill program, are reported here. The Phase 2C drilling campaign was conducted over a 150m strike length on the western Ramp Area, some 100m to 200m below surface of the western Ramp area and current mineral resources. The most significant gold assay intervals from holes BR08-33 to 44(i) are as follows: -------------------------------------------------------------------------
HOLE # FROM TO CORE LENGTH GOLD GRADE REMARKS
(m) (m) (m) (g/t)
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BR08-33 24.5 25.0 0.5 7.35
40.0 41.5 1.5 3.99
82.0 84.0 2.0 1.77
96.5 104.0 7.5 3.06
including 98.5 100.5 2.0 9.59
including 98.5 99.5 1.0 16.60
113.0 113.5 0.5 6.86
126.5 128.5 2.0 1.07
136.5 138.0 1.5 3.75
including 136.5 137.0 0.5 10.00
160.5 166.0 5.5 1.08
including 160.5 160.75 0.25 4.07 Visible gold
189.0 192.0 3.0 2.43
including 190.5 191.0 0.5 7.16
BR08-37 121.0 127.5 6.5 3.35
including 126.0 127.5 1.5 13.01
including 126.5 127.0 0.5 30.80
136.5 140.0 3.5 9.30
including 136.5 138.5 2.0 31.31
including 137.0 137.5 0.5 53.30
188.0 197.0 9.0 0.93
including 193.5 195.5 2.0 2.09
202.0 209.0 7.0 1.00
including 202.0 204.0 2.0 2.56
including 202.0 202.25 0.25 14.95 Visible gold
BR08-38 133.5 137.5 4.0 2.17
including 136.0 136.5 0.5 7.33
164.5 165.0 0.5 5.27
187.25 187.5 0.25 3.85
199.5 200.0 0.5 8.42
214.5 215.0 0.5 11.65
245.5 253.5 8.0 0.57
BR08-39 133.0 137.5 4.5 1.35
190.5 196.0 5.5 1.07
204.0 208.5 4.5 1.30
including 204.0 206.0 2.0 2.07
including 205.25 205.5 0.25 2.73 Visible gold
and 205.5 205.75 0.25 4.88 Visible gold
BR08-40 129.5 134.0 4.5 9.33
including 129.75 130.0 0.25 21.90 Visible gold
and 131.0 131.5 0.5 56.20
and 132.5 133.0 0.5 8.62
168.0 173.0 5.0 2.20
including 168.0 168.25 0.25 29.10 Visible gold
193.5 198.0 4.5 1.17
203.0 206.75 3.75 2.78
including 203.5 205.0 1.5 5.89
including 203.5 204.0 0.5 12.45
BR08-41 163.75 165.0 1.25 2.01
including 163.75 164.0 0.25 7.64 Visible gold
204.5 209.0 4.5 1.78
including 204.5 206.5 2.0 2.48
including 204.5 205.0 0.5 5.37
220.5 221.5 1.0 29.93
220.5 220.75 0.25 116.5 Visible gold
BR08-42 86.0 87.5 1.5 5.24
including 86.5 87.0 0.5 10.25
164.5 166.0 1.5 3.21
including 165.5 166.0 0.5 8.93
192.0 193.5 1.5 2.32
217.0 218.0 1.0 4.66
including 217.5 217.75 0.25 15.80 Visible gold
BR08-44 126.0 126.5 0.5 13.40
132.5 148.0 15.5 0.97
including 132.5 135.5 3.0 1.79
including 132.5 133.5 1.0 4.14
and 142.0 145.5 3.5 1.78
including 142.5 143.0 0.5 8.04
and 145.25 145.5 0.25 2.57 Visible gold
164.5 166.0 1.5 3.25
including 165.5 166.0 0.5 8.01
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(i) Gold assays for drill holes BR08-01 to 32 were previously released in
2008 and 2009 (refer to Orex news releases on the Company's website or
on SEDAR at www.sedar.com).
As previously announced, Orex has contracted InnovExplo Inc. of Val-d'Or, Quebec, to evaluate and model the Company's 2008 drilling results, with the objective of providing a National Instrument (NI) 43-101 Technical Report on mineral resource estimates for the Goldboro Project. Orex intends to provide shareholders with this information in Q2 2009. Mark Billings, President and CEO of Orex, comments, "With all assay results available, Orex will be soon providing shareholders with a new mineral resource estimate from the West Ramp Area to East Gold Brook, a strike length of 950m. I was recently at Goldboro with representatives from the Orex technical team and InnovExplo to review the 2008 program and to observe first-hand drill core and significant intersections. I also had the opportunity to meet with representatives of Guysborough County and the Nova Scotia Department of Natural Resources, and I am encouraged by the attention and support we are receiving for our Goldboro Project." In connection with its stock option plan, Orex recently granted 1,000,000 stock options at a strike price of $0.15 per share for a period of one year to consultants of the Company. About Orex Exploration Inc. Orex Exploration Inc. is a Canadian based junior resource and exploration company trading under the symbol OX on the TSX Venture Exchange and O5D on the Frankfurt Stock Exchange. The Company holds a 100% interest in the Goldboro Gold Project in Nova Scotia. You are invited to browse the Company's website at www.orexexploration.ca. The information contained in this news release has been prepared by Mr. Jean Lafleur, M. Sc., P. Geo., Senior Technical Advisor to Orex. The drill campaign, core description, assay sample preparations, tabulations and synthesis are being done under the supervision of Billy Shaw, P. Geo., of W.G. Shaw & Associates (Antigonish, Nova Scotia) and Mr. Alex Horvath, P. Eng., of A.S. Horvath Engineering Inc. (Ottawa, Ontario). All individuals are Qualified Persons under National Instrument 43-101 regulations. |
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