Third Drill Rig Added At Coneto Silver-Gold Project

 

VANCOUVER, BC - Orex Minerals Inc., in conjunction with their project partner Fresnillo PLC has mobilized a third exploration diamond drilling rig to their Coneto Silver-Gold Project in Durango, Mexico. A joint technical committee, with both Orex and Fresnillo representation, is guiding the Coneto project, with Fresnillo as the operator.

Orex's President, Gary Cope says, "It is good to have multiple drill rigs on the Coneto Project. We look forward seeing the first assay results from this phase."

The service provider, Kluane Drilling Ltd. utilizes modularized mobile drilling equipment to minimize environmental and social impact, such as the KDHT-1000 drill rig, which is capable of +500 meter depth of large HTW-size core and +800 meter depth of intermediate NTW-size core.

The historic Coneto Mining District is situated in the heart of the "Mexican Silver Trend", on the Mesa Central, stretching from Guanajuato in the southeast, through to the states of Zacatecas and Durango. The trend hosts some of the world's largest silver deposits, including Fresnillo, Guanajuato, La Pitarrilla, La Preciosa, Real de Angeles, and Zacatecas mining camps.

Orex and Fresnillo hold extensive contiguous mineral concessions in the Coneto Mining District, which collectively total approx. 17,600 hectares and cover multiple mineralized epithermal quartz veins. In the first two phases, Orex and Fresnillo drilled 51 holes totaling 17,000 meters on Coneto.