Oremex Announces Further Excellent Silver Recovery Results From Its Tejamen Project
Oremex Resources Inc. is a Vancouver, Canada -- based resource company which holds the right to acquire a 100% interest in numerous mineral properties located in Mexico.
The Company is pleased to announce additional results are available from the column metallurgical testing underway at McClelland Labs in Sparks, Nevada. This is a continuation of the bottle roll testing completed last year (reported on September 20, 2005) on samples from the Company's Tejamen silver project in the State of Durango, Mexico. The selected samples represent a composite of test material along with a sample of one of the higher-grade drill holes.
The high-grade sample indicates 72% extraction after 130 days of leaching. The composite sample indicates 63% extraction rate after 86 days of leaching. Extraction rates for both test columns demonstrate the same leaching rate over comparable time periods. Silver extraction is continuing for both columns.
The Company is extremely pleased with these results and the testing indicates the material is amenable to normal processing using conventional cyanidation and heap leaching technology. The reagent consumption is normal and there is no indication of any deleterious compounds in the ore material.
The next phase of testing will be to collect larger samples of "fresh" material. This will be done via a diamond drilling program or through access to underground areas where newly mined material can be obtained.
Norm Tribe, PEng is the qualified person responsible for and has verified the above data.
For more information, please contact:
Linda Thorstad, M.Sc., P.Geo.
Chief Executive Officer
T: (604) 683-5651
Email: linda.thorstad@oremex.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
National Instrument 43-101 requires the following statement: that the preliminary assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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