register free | resend password


Canasil Resources: Orex Confirms Silver Mineralization on the Sandra Escobar Silver Project in Durango, Mexico, and Prepares for Drill Testing

ID: 1398004
recent pressrelease next pressrelease

(businesspress24) - Orex Confirms Silver Mineralization on the Sandra Escobar Silver Project in Durango, Mexico, and Prepares for Drill Testing

VANCOUVER, Nov. 9, 2015/ - Orex Minerals Inc. - (TSX-V: REX) ("Orex"), is pleased to announce that early surface work on the Sandra Escobar Silver Project in Durango, Mexico, has confirmed highly anomalous silver mineralization related to a rhyolite dome complex in the southeast sector. Sandra Escobar Project is a joint venture with Canasil Resources Inc. - (TSX.V: CLZ) ("Canasil").

Orex has commenced an orientation sampling program on Sandra Escobar, including check sampling of key showings, surface soil geochemistry and geological mapping (see Orex Sept 15th 2015 news release). Of immediate interest to Orex is the southeast sector of the project. This target area is characterized by a series of mineralized showings, with historical, small-scale excavations, along an approximately 700 metres long trend on the northern flank of the dome. The workings appear to loosely follow the upper contact of a grey, altered rhyolitic tuff with an overlying porphyritic rhyolite unit.

In October 2015, Orex collected 11 representative rock chip samples and one composite dump sample from workings in the target area. All of these returned highly anomalous silver, up to and including 1,128 g/t Ag over 1.30 m from sample #13103 and 920 g/t Ag over 4.5 m from sample #13104. Mineralization reported herein is related to epithermal, banded quartz veins emplaced within and cross cutting the rhyolitic tuff, breccias and flow-banded porphyritic rhyolites. Three specific areas were tested along the trend and results indicate wall-rock silver enrichment within the tuff unit. Samples were taken from within mineralized showings and are not indicative of true widths across the total apparent thickness. Given the presence of silver mineralization within the wall-rock, Orex expects true widths to exceed those quoted herein. This suggests a significant potential for bulk-tonnage silver targets.



Orex''s President, Gary Cope says, "We are very pleased with the silver results to date and we will be diamond drilling targets on Sandra Escobar in the very near future."

Surface Rock Chip and Dump Samples,
Sandra Escobar Project,

Southeast Sector
October, 2015
SamplWidtAu Ag Ba Cu Pb Zn
e h (g/t)(g/t(ppm)(ppm(ppm(ppm
) ) ) )
(m)
131015.50<0.01189 3639 12 305 145
0

131021.40<0.01210 1504 7 295 121
0

131031.30<0.011,127488 22 1900697
0 8

131044.50<0.01920 6874 37 2090274
0

13105Dump<0.011,438114 58 1260233
0 6

131061.00<0.01367 7565 635 8110434
0

131071.20<0.01566 5097 350 1120516
0 0

131081.00<0.01988 7783 201 978 350
0

131092.20<0.01230 3166 135 3610182
0

131101.10<0.01705 7658 339 1330401
0

131110.80<0.01400 >1000176034801140
0 0

131120.40<0.01370 5969 280 6410340
0

Chip samples were obtained at each site using chisel and maul, with material collected on a clean tarpaulin prior to bagging. Care was taken to ensure a representative sample across the chosen interval and in the case of larger intervals where more than 2 kg of sample was obtained, rock chips were broken down to <3 cm size by hand, mixed manually on the tarpaulin then coned and quartered until a 2 kg sample was obtained. Samples were bagged and tagged and transported to SGS Mineral Services in Durango for analysis. In addition to multi-element ICP analysis, samples were submitted for high-grade 30g Gravimetric fire-assay analysis for silver.

Sandra Escobar Silver-Gold Project, Durango, Mexico

Sandra Escobar is situated north of the town of Tepehuanes, Durango, in the heart of the "Mexican Silver Trend", midway between the mining districts of Tovar and Guanacevi and is 75 km west of Silver Standard''s La Pitarrilla. This prolific trend hosts some of the world''s largest silver camps and deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles, and Zacatecas.

The project consists of over 8,100 hectares of mineral concessions and covers multiple mineralized epithermal quartz veins and breccia structures. These veins form a high level silver-gold-base metals system, hosted in andesitic and rhyolitic rocks, centered on a large rhyolite dome complex in the north and silver systems in smaller rhyolite dome complexes to the southeast. Intense alteration zones and fluid flooding in permeable formations may also indicate the presence of bulk tonnage targets.

Excellent infrastructure exists in the Sandra Escobar area, including paved road access, electrical power, water and manpower from nearby communities.

Dale Brittliffe, P.Geo., and Ben Whiting, P.Geo., are Qualified Persons, as defined in NI 43-101, and take responsibility for the technical disclosure contained within this news release.

ABOUT OREX MINERALS INC.
Orex is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Orex has several current projects: the Coneto Gold-Silver Project in Durango, Mexico, a joint venture with Fresnillo PLC, Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Jumping Josephine Gold-Silver Project in British Columbia, Canada, plus this newest Sandra Escobar Silver Project in Durango, Mexico, with Canasil Resources Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orex undertakes no obligation to update such statements, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:
Bahman YaminiPresident and C.E.O.Canasil Resources Inc. Tel: (604) 709-0109www.canasil.com - -




More information:
http://



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:

Canasil ist ein kanadisches Rohstoffexplorationsunternehmen mit Beteiligungen an Edel- und Basismetallprojekten in den mexikanischen Bundesstaaten Durango, Sinaloa und Zacatecas sowie in British Columbia (Kanada)



PressContact / Agency:



published by: irw
print pressrelease  send to a friend  

Date: 11/09/2015 - 19:48
Language: English
News-ID 1398004
Character count: 6990
Kontakt-Informationen:
Firma: Canasil Resources Inc.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Wien
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 330

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 254


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.