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orex minerals inc (ORXIF) Details

Orex Minerals Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico and Sweden. The company primarily explores for gold and silver metals. Its principal project includes the Barsele Gold project covering a total mineral claim holdings of 32,709 hectares located north of Stockholm, Sweden. The company was incorporated in 1996 and is based in Vancouver, Canada.

orex minerals inc (ORXIF) Top Compensated Officers

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orex minerals inc (ORXIF) Key Developments

Orex Minerals Inc. Commences 5,000 Metre HQ Diamond Drilling on its 100% Owned Jumping Josephine Property, in Southern British Columbia

Orex Minerals Inc. commenced a 5,000 metre HQ diamond drilling on its 100% owned Jumping Josephine property, in southern British Columbia. The program will be completed in two phases, the first designed to test down-dip and down-plunge extensions of JJ Main mineralized zone which has an existing NI 43-101 compliant gold resource. First phase holes are planned to intercept the mineralized structure approximately 100 metre down-dip from the deepest hits to date on five sections spaced 80 metres apart for a total along-strike coverage of 320 metres. Orex aims to increase the resource at JJ Main and believes that positive results from the current diamond drilling could be combined with previous drill data to update the existing resource estimate. The second phase of work will test several advanced showings on prospective but as yet undrilled locations across the Jumping Josephine property. Mineralized showings such as Hillside, JJ West and Bonanza Creek are at an early stage but are hosted by lithology similar to JJ Main and warrant drill testing. The Jumping Josephine Project totals approximately 11,667 hectares and is located in Southern British Columbia, 20 km west of Castlegar and 25 km north of the historic Rossland Gold Camp. The project, originally assembled in 2004 by Kootenay Silver Inc. ('Kootenay'), was optioned to Astral Mining Corp. ('Astral') in 2005. In 2013, Astral merged with the company and in 2014 the remaining interest in Jumping Josephine was acquired from Kootenay by the company. Mineralization is characterized by native gold and sulphides in lode style quartz veins and silicified brittle shear zones, which are hosted within quartz monzonite and granodiorite. Exploration between 2006 and 2011 included surface mapping, geochemistry, geophysics, and the completion of 140 diamond drill-holes. Work on the JJ Main showing culminated in the estimation of an NI 43-101 compliant resource calculated by Apex Geoscience Ltd.

Orex Minerals Inc. Wins 5,000 Metre Diamond Drilling Contract

Orex Minerals Inc. has awarded a 5,000 metre diamond drilling contract to Dorado Drilling Ltd. for the Jumping Josephine Gold Project, west of Castlegar in southeastern British Columbia, Canada. DDL is an experienced diamond drilling company, with a service and supply office in Lumby, BC. A Hydracore #2000 skid drill will be used for HQ and NQ sized wireline core diamond drilling, with a depth penetration of up to 1,250 metres.

Orex Minerals Inc. Auditor Raises 'Going Concern' Doubt

Orex Minerals Inc. filed its Annual on Jul 09, 2014 for the period ending Apr 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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