Orex Minerals Inc. (TSX-V:REX) in conjunction with their project partner Fresnillo PLC (LSE:FRES) have mobilized a second exploration diamond drilling rig to their Coneto Silver-Gold Project in Durango, Mexico, and a third drill rig is being planned. 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 a positive step forward to see additional drill rigs added to the program.”
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 metre depth of large HTW-size core and +800 metre depth of intermediate NTW-size core.
Coneto Mining District – Durango, Mexico
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. To date, Orex and Fresnillo have drilled 51 holes totaling 17,000 metres on Coneto.
ABOUT OREX MINERALS INC.
Orex Minerals Inc. is a Canadian-based junior exploration company comprised of highly qualified mining professionals. The Company has several current projects: the Barsele Gold Project in Sweden, the Los Crestones Gold-Silver-Copper Project in Sinaloa, Mexico, the Jumping Josephine Gold-Silver Project in British Columbia, and the Coneto Gold-Silver Project in Durango, Mexico, which is currently under option to Fresnillo plc.
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