Welcome to our dedicated page for Orex Minerals news (Ticker: ORMNF), a resource for investors and traders seeking the latest updates and insights on Orex Minerals stock.
Orex Minerals Inc. (ORMNF) is a mineral exploration specialist actively advancing precious metal projects across North America. This page provides investors with essential updates on corporate developments including recent share structure changes and strategic acquisitions like the Valenciana Gold-Silver Project in Mexico.
Discover timely announcements about exploration progress, partnership agreements, and financial decisions impacting Orex's growth trajectory. The company's portfolio, managed by industry veterans at Belcarra Group, includes high-potential assets like the Sandra Silver-Gold Project in Durango and British Columbia's Jumping Josephine Gold Project.
Bookmark this resource for verified updates on resource estimates, drilling results, and operational milestones. Check regularly for new developments as Orex expands its position in competitive mineral markets.
Orex Minerals Inc. announced the addition of Tatiana Alva Jimenez as Vice President Exploration at Belcarra Group Management Ltd., serving as a Technical Advisor to Orex. With 18 years of international experience and degrees in geology from Peru and Canada, she brings valuable expertise to Orex's exploration projects in Mexico, particularly in regions like the Sierra Madre Occidental. Orex is currently focused on precious and base metals exploration in Mexico and Canada, managing multiple projects with established partners.
Orex Minerals Inc. (OTCQB: ORMNF) has received drilling permits from SEMARNAT for the Sandra Silver-Gold Project in Durango, Mexico. This joint venture with Pan American Silver Corp. (60% ownership) marks the start of a Phase-I drilling program, aiming for 2,500 to 3,000 meters. The Sandra Project encompasses 6,970 hectares, featuring multiple drill target areas identified through previous geological mapping. The initial mineral resource estimate from 2016 indicated an Inferred Resource of 33.3 million ounces of silver. Orex aims to leverage excellent local infrastructure to advance this promising venture.
Orex Minerals Inc. has granted 3,600,000 stock options to its directors, officers, and consultants at an exercise price of $0.10 per share, expiring in five years. This option grant increases the total outstanding stock options to 12,500,000, representing 6.7% of the company's issued share capital. Orex is engaged in precious and base metals exploration in Mexico and Canada, with key projects including Sandra Silver-Gold and Coneto Gold-Silver in Mexico, and Jumping Josephine Gold Project in British Columbia.
Orex Minerals Inc. (OTCQB: ORMNF) announced the filing of an independent technical report with SEDAR for its Coneto Gold-Silver Project in Durango, Mexico. The report complies with NI43-101 standards and details a Mineral Resource Estimate prepared by Fresnillo plc and audited by SRK Consulting. The Coneto project encompasses 4,997 hectares with significant mineralized quartz veins and excellent infrastructure. Orex holds a 45% stake in this joint venture with Fresnillo, which owns 55%. The report emphasizes the project's potential in a prolific mining area.
Orex Minerals Inc. (OTCQB: ORMNF) announces a significant milestone with the maiden mineral resource estimate for the Coneto Gold-Silver Project in Durango, Mexico, revealing an inferred resource of 286,000 oz gold and 19,111,000 oz silver, totaling 538,000 gold-equivalent ounces. This estimate, confirmed by SRK Consulting, is based on 106 drill holes and recent metallurgical tests. The report suggests high recovery rates ranging from 66% to 98% for gold and 69% to 90% for silver and will be publicly available within 45 days.
Orex Minerals Inc. (OTCQB: ORMNF) announced positive metallurgical testing results for its Coneto Gold-Silver Project in Durango, Mexico. The testing, conducted by a joint venture with Fresnillo plc, showed gold recoveries averaging above 93% across five sampled zones, with the highest recovery at 98.5%. Silver recoveries ranged from 69.0% to 92.3%, averaging 79.6% after 96 hours. The results suggest that conventional methods can effectively recover precious metals from the site, advancing the project significantly.
Orex Minerals Inc. (OTC: ORMNF) announced that its joint venture, Exploraciones y Desarrollos Mineros Coneto, has initiated a Resource Estimation on the Coneto Silver-Gold Project in Durango, Mexico. This will be the first NI43-101 Resource Estimate and involves a comprehensive study conducted by SRK Consulting. The project encompasses 5,000 hectares of mineral concessions, with an extensive database from 106 diamond drill holes totaling 38,516 meters. Orex looks forward to the project's advancement, marking a significant milestone in their mining evaluation.
Orex Minerals Inc. (OTCQB: ORMNF) announces a joint venture with Pan American Silver Corp. to explore the Sandra-Escobar Project in Durango, Mexico. Under the agreement, Orex will hold a 40% interest and serve as the initial operator. The project consolidates claims over 6,970 hectares, targeting multiple precious metal deposits, including the Boleras Silver Deposit. The joint venture aims to leverage existing infrastructure for efficient exploration. Orex's CEO, Ben Whiting, emphasized the opportunity to advance mineral exploration in the prolific Mexican Silver Trend.
Orex Minerals Inc. (OTCQB: ORMNF) announced exploration plans for the Sandra Project in Durango, Mexico, to be developed as a Joint Venture with Pan American Silver. The deal is expected to be formalized this month, with Orex holding a 40% stake. The project covers 6,760 hectares, including the Boleras silver deposit. Initial exploration will start soon, focusing on mapping and geochemistry to identify drill targets. The project benefits from robust infrastructure, with Orex's leadership confident in the collaboration with Pan American.
