Oremex Conducts Geotechnical Review of Tejamen Silver Property
VANCOUVER, B.C., (September 12, 2006) - Oremex Resources Inc. (TSX-V: ORM) (the "Company") is pleased to announce that it has retained Call & Nicholas, Inc. of Tucson, Arizona, to conduct a geotechnical review of its Tejamen silver property in Mexico.
The review will provide recommendations for slope design angles for a potential open-pit operation and recommend a program for any required additional drill hole, geology and data collection. A site visit has been completed and tests will be conducted on whole core collected in the recently-completed diamond drilling program.
"This study will provide invaluable information for planning and influencing the design of the potential open pit at Tejamen. Call & Nicholas, Inc.'s expertise in geotechnical matters is well-known in the mining sector," said Linda Thorstad, CEO.
The Company's most advanced projects are its Tejamen silver property and its San Lucas polymetallic property, both located in Mexico. An independent resource study (NI 43-101 compliant) concluded that the Tejamen property contains a silver-equivalent resource of 50.8 million ounces in a total of 22.6 million tonnes, grading a silver-equivalent of 2.25 ounces per tonne (69.8 grams per tonne). An independent preliminary assessment study is underway and is expected to be completed by the end of September, 2006.
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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