Latest News Release -
V.REX

VANCOUVER, BC, March 12, 2025 /CNW/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) ("Orex" or the "Company") is pleased to announce that "Exploraciones y Desarrollos Mineros Coneto, SAPI de CV", a joint venture company held by Fresnillo plc (LON: FRES) for 61.21% and Orex for 38.79%, has completed the Phase-VI diamond drilling program of 2,000.8 metres in 8 holes on the Coneto Gold-Silver Project in Durango, Mexico.

Orex Minerals Inc. (CNW Group/Orex Minerals Inc.)

The Loma Verde target area was the focus for Phase-VI drilling. Results include hole BCO-85 yielding a core length of 15.00 m (true thickness 11.50 m) grading Au 0.75 g/t and Ag 174 g/t for a gold-equivalent of 3.02 g/t, plus hole BCO-89 yielding a core length of 4.50 m (true thickness 3.90 m) grading Au 1.70 g/t and Ag 180 g/t for a gold-equivalent of 4.05 g/t.

John Eren, President and CEO states, "The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value."

Hole

From

(m)

To

(m)

Core

Length

True

Width

Au

(g/t)

Ag

(g/t)

Au-Eq

(g/t)

Ag-Eq

(g/t)

BCO-84









Unnamed

104.10

105.90

1.80

1.61

0.52

4

0.57

44

Loma V

121.55

122.50

0.95

0.85

0.17

373

5.07

386










BCO-85









Loma V

87.80

102.80

15.00

11.50

0.75

173

3.02

230

Incl.

87.80

92.40

4.60

3.53

1.37

419

6.88

523










BCO-86









Unnamed

170.10

171.25

1.15

0.85

3.76

36

4.23

322

Unnamed

258.25

259.25

1.00

0.85

0.21

73

1.17

89

Loma V

271.90

277.20

5.30

4.77

0.17

122

1.82

138

Incl.

271.90

275.65

3.75

3.38

0.20

143

2.07

158










BCO-87









Loma V

137.35

138.05

0.70

0.63

0.08

74

1.05

80










BCO-88









Unnamed

84.25

85.10

0.85

0.65

0.14

280

3.81

291

Loma V

159.80

164.00

4.20

3.20

0.45

65

1.30

99

Unnamed

166.45

167.75

1.30

1.22

0.58

54

1.29

98










BCO-89









Unnamed

57.70

62.45

4.75

4.42

1.17

87

2.32

176

Incl.

59.00

59.75

0.75

0.70

5.01

357

9.07

738

Loma V

135.30

139.80

4.50

3.94

1.70

180

4.05

309

Incl.

135.30

136.30

1.00

0.87

5.42

603

13.35

1,015










BCO-90









Unnamed

259.00

260.50

1.50

1.41

1.00

287

4.77

363

Loma V

327.75

329.05

1.30

1.22

0.76

259

4.15

317










BCO-91









Loma V

286.40

288.15

1.75

1.34

3.79

554

11.05

834

Unnamed

317.50

318.10

0.60

0.50

0.57

47

1.19

91

For the purposes of gold and silver equivalent values, the long-term metal prices of gold $1,750/oz and silver $23/oz were applied. Gold to silver price ratios vary over time. Base metals value are scattered and non-economic, max. isolated values of 0.2% Pb, 0.4% Zn.

To date, the Coneto Project has had five previous phases of diamond drilling from 2010 to 2017, totaling 106 drill holes for 38,515.67 metres. This drilling formed the basis of an independent mineral resource estimate announced in a news release dated October 27, 2021. The new drilling brings the total to 114 drill holes for 40,516.47 metres.

The 2021 Inferred Mineral Resources stands at 5,325,000 tonnes, grading 1.67 g/t gold and 112 g/t silver for a gold-equivalent grade of 3.15 g/t. Contained metal totals 286,000 oz gold and 19,111,000 oz silver, for a gold-equivalent of 538,000 oz. (The full technical report was filed on SEDAR+, www.sedarplus.com, and is also available on the Orex website, www.orexminerals.com).

Coneto Silver-Gold Project, Durango, Mexico
Coneto is situated around the town of Coneto de Comonfort, Durango, in north-central Mexico. It is approximately 100 km north of the City of Durango and 25 km west of Argonaut's El Castillo Gold Mine. 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. (Note: Mineralization hosted on adjacent and/or nearby properties may not necessarily be indicative of mineralization hosted on the JV's property.)

The Project consists of approximately 4,997 hectares (11,860 acres) of contiguous mineral concessions and covers over 40 discrete mineralized low to intermediate-sulphidation epithermal quartz veins. Excellent infrastructure exists in the Coneto area, including paved road access, electrical power, water and manpower from nearby communities.

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

ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a mineral exploration company focused on precious and base metals exploration in Mexico and Canada. Orex has several current projects: Two projects are located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. A third project is the Jumping Josephine Gold Project in British Columbia, Canada. Orex is managed by an experienced group of highly qualified mining professionals.

ON BEHALF OF THE BOARD OF DIRECTORS

John Eren
President and CEO

STAY CONNECTED

Follow on X (Twitter): Orex Minerals (@OrexMinerals) / X (twitter.com)
Follow on LinkedIn: Orex Minerals Inc. | LinkedIn
Follow on Facebook: Orex Minerals | Facebook

FORWARD LOOKING STATEMENTS
This News Release may contain forward-looking statements including, but not limited to, statements with respect to the planned program and budget for the Project. 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.

For additional information on risks and uncertainties, see the Company's most recently filed annual management discussion and analysis ("MD&A"), which is available on SEDAR+ at www.sedarplus.com and on the Company's website at www.orexminerals.com. The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect the Company.

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.

SOURCE Orex Minerals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2025/12/c7522.html

Investment Disclosure



The content provided on this website and in Mine$tockers episodes is for informational purposes only and should not be considered as an offer, solicitation, recommendation, or determination by Mine$tockers Inc. for the sale of any financial product or service or the suitability of an investment strategy for any investor.

Investors are advised to consult a financial professional to determine the appropriateness of an investment strategy based on their objectives, financial situation, investment horizon, and individual needs. This information is not intended to serve as financial, tax, legal, accounting, or other professional advice, as such advice should always be tailored to individual circumstances.

The products discussed herein are not insured by any government agency and carry risks, including the potential loss of the principal amount invested. Any information provided is based on both internal and external sources and should not be construed as an endorsement or conclusion regarding a company's financial prospects, resources, or management. Opinions expressed may change and should not be relied upon. It is crucial to seek personalized investment advice for your unique situation.

Natural resources investments are generally volatile, with higher headline risk than other sectors. They tend to be more sensitive to economic data, political and regulatory events, and underlying commodity prices. The prices of natural resources investments are influenced by factors such as the costs of underlying commodities like oil, gas, metals, and coal. These investments may trade on various exchanges and experience price fluctuations due to short-term demand, supply, and investment flows.

Natural resource investments often respond more sensitively to global events and economic data, including natural disasters, political turmoil, pandemics, or the release of employment data.

Investing in foreign markets may carry greater risks than domestic markets, including political, currency, economic, and market risks. It is essential to evaluate if trading in low-priced and international securities is appropriate for your circumstances and financial resources. Past performance does not guarantee future results.

Mine$tockers Inc., its affiliates, family, friends, employees, associates, and others may hold positions in the securities it covers. Some of the companies covered may be paying clients of the production.

No investment process is risk-free, and profitability is not guaranteed; investors may lose their entire investment. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Diversification does not ensure a profit or protect against loss. Investing in foreign securities involves risks not associated with domestic investments, such as currency fluctuations, political and economic instability, and differing accounting standards, potentially leading to greater share price volatility. The prices of small- and mid-cap company stocks generally experience higher volatility than large-company stocks and may involve higher risks. Smaller companies may lack the management expertise, financial resources, product diversification, and competitive strengths needed to withstand adverse economic conditions.

logo

Studio


Toronto Ontario Canada

Email


kevin@MineStockers.com

Phone


+1 (905) 967-2519