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Orex Minerals Inc. (ORMNF) is a mineral exploration company focused on precious and base metals exploration projects in Mexico and Canada. The company announced a consolidation of shares to increase flexibility and competitiveness in the marketplace. Orex also signed an Option Agreement to acquire 100% of the Valenciana Gold-Silver Project in Zacatecas State, Mexico. With projects like the Sandra Silver-Gold Project and the Jumping Josephine Gold Project, Orex is managed by the highly experienced Belcarra Group Management Ltd.
Orex Minerals Inc. (OTCQB: ORMNF) completed its Phase-I reconnaissance drilling program at the Sandra Silver-Gold Project in Durango, Mexico. The program included 2,665.30 meters of drilling in eight holes, targeting mineralization in the Central and Eastern Corridors. Significant results from Hole SA-22-072 recorded 18.0 m grading 14.7 g/t Ag, while Hole SA-22-073 yielded 17.0 m grading 39.0 g/t Ag. The exploration reveals an expanding silver-bearing host rock, indicating a large mineralized system. Future drilling targets are identified within the project area.
Orex Minerals Inc. announced the resumption of diamond drilling at the Sandra Silver-Gold Project in Durango, Mexico. This joint venture with Pan American Silver Corp. will involve 2,500 to 3,000 meters of drilling. The project has previously identified significant targets, including the Boleras Silver Deposit, which contains an inferred resource of 9.8 million tonnes grading 106 g/t Ag. The drilling will be conducted by Globexplore, a company known for its low environmental impact. Orex emphasizes community engagement and adheres to strict safety protocols during operations.