Nov. 7, 2016 – Orex Minerals Inc. (TSX-V: REX) (“Orex”), has commenced a new round of diamond drilling on the Sandra Escobar Silver Project in northern Durango State, Mexico. This Phase-IV drilling program will utilize two drill rigs and consist of approximately 4,000 metres in 10 to 15 drill holes. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. (TSX.V: CLZ) (“Canasil”).
To date, Orex has drilled 8,372 metres in 62 diamond drill holes in the southeastern region of the project. The first 59 diamond drill holes formed the basis for an initial Resource Estimate on the “Boleras Silver Deposit.” At a “Base Case” of 45 g/t Ag cut-off, the Inferred Resource Estimate yielded 9.8 million tonnes grading 106 g/t Ag for a total of 33.3 million ounces of silver (See Orex news release of 31 October 2016).