Orex Appoints MineTech Inc. of Halifax, Nova Scotia to Prepare a Preliminary Economic Assessment at its Flagship Goldboro Pro...
07 10월 2013 - 9:57PM
Marketwired Canada
OREX EXPLORATION INC. (TSX VENTURE:OX) (the "Company") announces that we have
appointed MineTech International Limited ("MineTech"), the well-regarded firm of
engineering and geological consultants to carry out a Preliminary Economic
Assessment ("PEA") on the Company's wholly owned Goldboro project in Guysborough
Country, Nova Scotia.
Commenting on this development, Willie McLucas, President and CEO said: "This
appointment follows on from the publication of the NI 43-101 compliant resource
in February 2013, which reported, using a cut-off grade of 2 g/pt, an updated
mineral resource of 465,000 ounces Au (2,589,000 tonnes grading 5.59 g/t gold)
in the Measured and Indicated categories and a further 421,100 ounces Au
(2,543,000 tonnes grading 5.15 g/t gold) in the Inferred category. The
appointment of MineTech is the next logical step in order to continue to
progress the development of our flagship Goldboro project in Nova Scotia. We
hope to receive the report from Minetech before the end of the calendar year and
the results of PEA will be announced to the market as soon as practicable."
Neither the 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 news release.
The statements made in this news release that are not historical facts are
forward-looking statements, and readers are cautioned that any such statements
are not guarantees of future performance and that actual developments or results
may vary materially from those in these "forward-looking" statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Willie McLucas
President and CEO
+44 7881 816980
wpm@mclucasfamilyholdings.com
Mark Billings
Chairman the Board
(514) 296-1641
mark@marengomgt.com
Orex Exploration Inc. (TSXV:OX)
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