Oremex intersects 4.12 ounces of silver per tonne over 485 feet at the Tejamen Silver property, State of Durango, Mexico
Tuesday April 13, 8:45 am ET
TSX Venture Exchange: ORM www.oremex.com
VANCOUVER, April 13 /CNW/ - Oremex Resources Inc. (TSX VEN:ORM) is pleased to announce excellent drill results (see table below) on its Tejamen Silver property, located in the State of Durango, Mexico. Recent drilling in the Cerro Prieto zone indicates a much larger and higher grade deposit than was originally envisaged by management. Wide intersections (up to 485 feet) in each of holes 13, 18, 27, 28, 29 and 33 exceeded 3 ounces of silver per tonne.
Drill hole 18 intersected silver mineralization from surface, and bottomed in similar mineralization at 656 feet (all of the holes were drilled at an angle of 60 degrees from surface), with the thickest intersection being 485 feet grading 4.12 ounces of silver per tonne. Another intersection in hole 18 assayed 5.53 ounces of silver per tonne over 20 feet.
To date, 8 "fences" of holes (with each "fence" being 50 meters, or 164 feet apart) have been drilled perpendicular to the strike of the mineralization. Along the fences, holes have been drilled every 30 meters (98 feet). The better intersections to date have been encountered in the last couple of holes drilled on the eastern end of each of the fences, resulting in the deposit being wide open to the east. In addition, the deposit is open along strike in both directions.
The Cerro Prieto zone is one of two silver zones identified to date on the Tejamen property. Drilling on the second zone (El Manto) has commenced, and will initially focus on "twinning" previous holes that generated high grade intersections (including one of 22.7 ounces of silver per tonne over 52 feet).
Oremex has an additional five properties located in Mexico, on which exploration programs will be undertaken during 2004.
Following are some of the recent apparent drill intersections on the Cerro Prieto zone - please see a drill location map on the Oremex website at www.oremex.com
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Drill Hole No. From - To Interval Silver grade Interval Silver Grade
(meters) (in meters) (gr./tonne) (in feet) (oz./tonne)
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MMT-013 48-100 52 108.5 171 3.49
Incl. 70-76 6 235.0 20 7.56
And 112-126 14 40.0 46 1.29
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MMT-018 52-200(x) 148 128.3 485 4.12
Incl. 88-100 12 520.2 39 16.73
And 4-14 10 45.2 33 1.45
And 36-42 6 172.0 20 5.53
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MMT-027 0-30 30 122.1 98 3.92
Incl. 14-24 10 241.0 33 7.75
And 38-42 4 113.5 13 3.65
And 74-78 4 105.5 13 3.39
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MMT-028 14-82 68 81.6 223 2.62
Incl. 26-38 10 173.2 33 5.57
Incl. 74-82 8 170.5 26 5.48
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MMT-029 56-80 24 114.2 79 3.67
Incl. 56-58 2 352.0 7 11.32
Incl. 66-68 2 685.0 7 22.03
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MMT-033 12-22 10 197.6 33 6.35
And 64-66 2 162.0 7 5.21
And 88-90 2 122.0 7 3.92
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MMT-034 36-66 30 65.0 98 2.09
And 16-20 4 54.5 13 1.75
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(x)Only drilled to 200 meters
Intersections from Oremex's prior drilling (see February 18, 2004 news
release) included 3.48 ounces of silver per tonne over 216 feet, 3.22 ounces
per tonne over 85 feet, and 2.80 ounces per tonne over 197 feet.
Randall Reneau, P. Geo, Oremex's Chief Geologist, is the Qualified Person
(QP) responsible for the Tejamen exploration and has verified the data in the
table above.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the accuracy or adequacy of this news release.
