Orex Minerals (REX.V) has been surprising the market in the past few weeks as the company was able to release some very impressive drill intercepts from its Sandra Escobar project in Mexico’s Durango state).
An updated Phase II drill program has started approximately 7 weeks ago and we expect the results of a few more drill holes to hit the market shortly. That will be an important test to see how wide-spread the total mineralization is at Sandra Escobar, and it might allow Orex to start thinking about a first exploration target on the property, as intervals of 30 meters at 255 g/t silver and almost 5 meters at 143 g/t silver are definitely indicating Orex’ project could be very impressive. On top of that, a step-out hole drilled 350 meters towards the west from the Main zone has also intercepted high grade silver, with assay results of 46 meters at approximately 5 ounces of silver per tonne of rock.
As a reminder, Orex is currently earning a 65% stake in Sandra Escobar from Canasil Resources (CLZ.V). This project is located right in the middle of Mexico’s main silver trend where major mines or projects have been discovered in the past and Orex doesn’t want to lose any time as it has already retained SGS Minerals Services to conduct metallurgical test work on the ore at Sandra Escobar.
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The author has no position in Orex Minerals. Please read the disclaimer
