NAMEX EXPLORATIONS
INC.
PRESS
RELEASE
Montreal, October 11, 2007 TSX
Venture Exchange: NME
EXPLORATION PROGRAM UPDATE
Namex's newly acquired Boyles BBS-15 Diamond drill arrived at the
Huffman property on September 28th. The first drill hole is on trench "B",
one of the four trenches where grab samples late last year returned spectacular
assay grades of up to 54.2 grams of gold, 1,620 grams of silver, 8.63% copper,
12.6% lead, 2.3% zinc and 5.94% antimony per ton. (See news release of November 15, 2006
for full range of assays).
The
rock encountered in the first drill hole is siliceous intrusive quartz porphyry
with finely disseminated sulphides, historically considered a good host rock
for
gold in the Swayze Gold Belt. Once
completed, all drill sections from this hole will be sent out for assay.
All
activity required to compile and consolidate sound exploration data is underway.
Excavation and washing of stripped areas are essentially completed. Detailed mapping of these areas is in
process. Several channels will be
cut and sampled across the exposed formations to determine if the associated
fine sulphides might be hosts for gold.
The total width in places is over tens of meters and if the mineralized
zones indicate the presence of gold, this could represent the possibility of
bulk minable reserves. A further
opinion on the significance of the mineralization encountered has been obtained
through collaborative discussions and examination by a highly respected
international consultant.
Further developments will be updated as they become known. In the interim, you may enjoy the photos
of the Huffman Camp and Namex personnel by going to the Namex web site -
www.namex-explorations.com under
Properties, Ontario, Huffman Property.
Oliver T. Maki is the qualified person overseeing the Namex
exploration programs and has approved this press release.
For
further information contact:
James W. Hess, President
4333 Ste. Catherine St.
West, Suite #610
Montreal, Quebec, H3Z 1P9 Canada
Tel: (514)
935-2445 Fax: (514) 935-8161
E-mail: info@otmining.com Web site: http://www.namex-explorations.com
The TSX Venture Exchange has
not
reviewed and does not accept responsibility for the adequacy or accuracy of this
news release. This release was prepared by the Company's management who
take full responsibility for its contents. Some statements contained in
this release are forward-looking and, therefore, involve uncertainties or risks
that could cause actual results to differ materially. The company
disclaims any obligation to update forward-looking
STATEMENTS.
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Namex Explorations Inc
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CODE : NME.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Namex is a cobalt and copper exploration company based in Canada. Namex holds various exploration projects in Canada. Its main exploration properties are HUFFMAN, POST CREEK (NAMEX) and TERRA INCOGNITA in Canada. Namex is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.5 millions, € 1.8 millions). Its stock quote reached its highest recent level on December 31, 2004 at CA$ 0.83, and its lowest recent point on December 31, 2008 at CA$ 0.02. Namex has 31 110 000 shares outstanding. |