Orex Appoints MineTech Inc. of Halifax, Nova Scotia to Prepare a Preliminary Economic Assessment at its Flagship Goldboro Property
Published : October 07, 2013
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Keywords :   Canada | Gold | Market | Report | Willie |

MONTREAL, CANADA--(Marketwired - Oct. 7, 2013) - OREX EXPLORATION INC. (News - Market indicators) (the "Company") announces that we have appointed MineTech International Limited ("MineTech"), the well-regarded firm of engineering and geological consultants to carry out a Preliminary Economic Assessment ("PEA") on the Company's wholly owned Goldboro project in Guysborough Country, Nova Scotia.

Commenting on this development, Willie McLucas, President and CEO said: "This appointment follows on from the publication of the NI 43-101 compliant resource in February 2013, which reported, using a cut-off grade of 2 g/pt, an updated mineral resource of 465,000 ounces Au (2,589,000 tonnes grading 5.59 g/t gold) in the Measured and Indicated categories and a further 421,100 ounces Au (2,543,000 tonnes grading 5.15 g/t gold) in the Inferred category. The appointment of MineTech is the next logical step in order to continue to progress the development of our flagship Goldboro project in Nova Scotia. We hope to receive the report from Minetech before the end of the calendar year and the results of PEA will be announced to the market as soon as practicable."

Neither the 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 news release.

The statements made in this news release that are not historical facts are forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking" statements.



Willie McLucas
President and CEO
+44 7881 816980
wpm@mclucasfamilyholdings.com
or
Mark Billings
Chairman the Board
(514) 296-1641
mark@marengomgt.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Orex Exploration Inc.

EXPLORATION STAGE
CODE : OX.V
ISIN : CA3019211026
CUSIP : 301921
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Orex Expl. is a gold exploration company based in Canada.

Its main exploration property is GOLDBORO in Canada.

Orex Expl. is listed in Canada. Its market capitalisation is CA$ 11.1 millions as of today (€ 10.0 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 0.35, and its lowest recent point on January 15, 2016 at CA$ 0.01.

Orex Expl. has 202 550 000 shares outstanding.

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Option Grants of Orex Exploration Inc.
2/8/2011Grant of 1,150,000 options
Project news of Orex Exploration Inc.
6/8/2011(Goldboro)Update on Drilling Campaign at Goldboro
4/21/2011(Goldboro)Drilling Campaign Has Begun at Goldboro
Corporate news of Orex Exploration Inc.
4/26/2016Corporate update following the Annual Meeting of Shareholder...
12/23/2015Orex Exploration Inc.: New Director and Private Placement
3/17/2015Corporate Update Following the Annual and Special Meeting of...
3/17/2015Orex Exploration Inc.: Corporate Update Following the Annual...
1/26/2015Orex Announces Departure of CEO and Approval of a Shareholde...
12/23/2014Orex Announces Appointment of David Felderhof as Executive V...
8/29/2014Orex Announces the Closing of a 10% Non Convertible Debentur...
7/10/2014Orex Exploration Inc.: Extension of the Delay to Close the P...
6/9/2014Orex Exploration Inc.:'One Window' Meeting With Government
5/26/2014Orex Exploration Inc.: Prolongation of the Delay to Close th...
4/28/2014Orex Exploration Inc.: Preliminary Economic Assessment Recei...
4/16/2014Orex: Preliminary Economic Assessment-Positive Report
10/7/2013Appoints MineTech Inc. of Halifax, Nova Scotia to Prepare a ...
9/10/2013Appoints Willie McLucas as President and CEO of Orex Explora...
2/11/2013Reports New Mineral Resource Estimate With an Average Grade ...
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