Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Orex Minerals shares gain after first Boleras inferred resource release

Monday, October 31, 2016 12:57
% of readers think this story is Fact. Add your two cents.

Orex Minerals Inc. (CVE:REX) shares rose on Monday after the company said that at a base-case cut-off of 45 grams per tonne silver, the inferred resource estimate for Boleras silver deposit on the Sandra Escobar project yields 9.8mln tonnes grading 106 grams per tonne silver for a total of 33.3mln ounces of silver.

It is Orex’s first resource estimate release for the Boleras silver deposit on the Sandra Escobar project in Durango, Mexico, prepared by the consulting firm Mining Plus. The Sandra Escobar project is being advanced by Orex under an option agreement with Canasil Resources Inc.

“A first resource estimate is a major step in an exploration project. We have achieved this benchmark in less than a year from the start of diamond drilling, and we believe that this initial resource is the first of many to come,” said Orex’s president, Gary Cope.

Orex shares were last seen up 1.7% at C$0.59 on Monday.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.