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Oremex Resources Inc. (TSX VENTURE:ORM) announced that the Company continues to advance its wholly-owned San Lucas property in Durango State, Mexico.
Oremex Resources Inc. (TSX VENTURE:ORM) announced that the Company continues to advance its wholly-owned San Lucas property in Durango State, Mexico.
The press release is quoted as saying:
Oremex is a Canadian-based exploration company with a focus on the acquisition and development of mineral properties in Mexico. The Company’s Tejamen project has an inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes grading a silver-equivalent of 69.8 grams per tonne (Wardrop Engineering Report NI 43-101 compliant April 2006). Snowden Mining Industry Consultants completed a Preliminary Assessment Study (NI 43-101 compliant October 2006) demonstrating that the project can support a 10,000 tonne per day open pit, heap leach mining operation.
Click here to access the entire press release