Orex Initiates Airborne Geophysical Survey Over Barsele Gold Project, Sweden
09.05.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - May 9, 2011) - Orex Minerals Inc. (TSX VENTURE: REX) ("Orex") is pleased to announce that SkyTEM Surveys ApS of Denmark has initiated 2,200 line kilometres of airborne geophysical surveying within our Barsele Gold/Base Metal Project in Sweden.The helicopter supported survey is a deep penetrating Time-Domain Electromagnetic (TDEM) System. Magnetics will be flown at the same time. Line spacing will vary between 100 and 200 meters, depending on the detail required.
The airborne survey search targets are intrusive hosted disseminated gold and massive sulphide deposits. The flying of the survey is expected to take a week to ten days. A final report is anticipated by mid June. Airborne anomalies will be followed up with detailed ground geophysical surveys, toward definition of drill targets.
Gary Cope, President of Orex, says, "This is the beginning of Orex's exploration program at Barsele, which will include both airborne and ground geophysical surveys, diamond drilling and bulk sampling. Our intent is to enhance and expand the known resources, as well as start the definition and drill testing of new targets, within the 32,700 hectares of our concessions."
The Barsele Deposit is located some 40 kilometres southeast of the town of Storuman in Västerbottens Län, a regional district of northern Sweden approximately 600 km due north of Stockholm. The geographic coordinates for the Project are approximately 65°05' north latitude and 17°30' east longitude.
Art Freeze, P.Geo., a director of Orex, is a Qualified Person as defined in NI43-101 and takes responsibility for the technical disclosure in this news release.
About Orex Minerals Inc.
Orex Minerals Inc. is a junior mineral exploration company comprised of highly qualified mining professionals with a focus on the exploration of prospective gold and gold-silver properties in Sweden and Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
Gary Cope, President
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orex relies upon litigation protection for forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information
Orex Minerals Inc.
Gary Cope, President
(604) 687-6310
(604) 687-6365 (FAX)
info@orexminerals.com
www.orexminerals.com