“The additional sample results show significant levels of widespread gold-dominant mineralization over considerable widths at the Cerro del
Analytical results for 440 surface and 20 underground rock chip samples have been received (147 reported in Feb.23.12 news release). For the entire database, gold averages 0.47 g/t (0.01 to 8.3 g/t); 266 samples were greater than 0.2 g/t and 114 samples were greater than 0.5 g/t. Silver ranges from less than 2 g/t to 75.9 g/t, lead ranges from 4 g/t to 1.5% and zinc ranges from 6 g/t to 11.4%. Additional analytical results from the ongoing work are expected shortly.
The mineralized intrusive/skarn domain within the central portion of the property was expanded from 450m by 300m (Feb.23.12 news release) to a 500m by 500m area as a result of the sampling reported herein. A second area of intrusive-related mineralization (150m by 60m area) is located in the northwest corner of the property. Numerous samples were collected in a series of contiguous rock chip samples from hand trenches or road cuts.
Weighted average highlights include:
WIDTH (METERS) G/T GOLD
Map 1 displays the above highlights in addition to gold ranges for individual samples reported herein.
The Cerro del
Analyses reported herein were performed by
Forward Looking Information
Certain statements contained in this news release, including any information as to our strategy, projects, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, may constitute forward-looking information (collectively “forward-looking information”) within the meaning of Canadian securities laws. Forward-looking information may be identified by terminology such as “may”, “will”, “could”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “projects”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts and include, but are not limited to, resource estimates, capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to, access to capital markets and other sources of financing and associated cost of funds, final receipt of any required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime, the ultimate ability to execute business plans on economically favourable terms and those material factors and assumptions disclosed in other public filings of
Although the Company believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted.
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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
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Oremex Gold Inc.
Oremex Gold Inc.