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Last €0.11 EUR
Change Today +0.004 / 3.96%
Volume 0.0
OV2N On Other Exchanges
As of 3:33 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

orex minerals inc (OV2N) Snapshot

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orex minerals inc (OV2N) Details

Orex Minerals Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties in Mexico, Sweden, and Canada. It holds interest in various projects, including the Barsele Gold project in Sweden; the Los Crestones Gold-Silver-Copper project in Sinaloa State, Mexico; the Jumping Josephine Gold-Silver project located in the West Kootenay Mining District of British Columbia; and the Coneto Gold-Silver project in Durango, Mexico. The company was incorporated in 1996 and is headquartered in Vancouver, Canada.

Founded in 1996

orex minerals inc (OV2N) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Financial Officer and Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

orex minerals inc (OV2N) Key Developments

Orex Minerals Inc. and Fresnillo plc Completes Phase-IV Exploration Diamond Drilling Program

Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC have completed a Phase-IV exploration diamond drilling program, consisting of 4,656 metres in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico. The program was designed to test multiple structures in approximately 100 to 200 metres step-outs. Highlights include mineralized intercepts in Loma Verde, Durazno, Durazno Alta, La Bufa Alta, Santo Niño, and Promontorio. On Loma Verde, two holes were drilled 150 metres north of the northernmost previous drilling and have extended the zone. The deeper of the two holes, BCO-66, intersected 4.85 metres (true thickness 3.45 m) grading Au 3.22 g/t and Ag 238.4 g/t for a silver-equivalent of 431.6 g/t, or a gold-equivalent of 7.19 g/t. In the Durazno-Impulsora area, the interpretation is that the Durazno Zone has been down-drop faulted with respect to the Impulsora Zone. To test this, a deep hole was drilled to intersect Durazno 370 metres below surface. Hole BCO-68 first intersected a hanging-wall vein, Durazno Alta, for 1.05 metres (true thickness 0.86 m) grading Au 34.50 g/t and Ag 29.7 g/t for a silver-equivalent of 2,099.7 g/t, or a gold-equivalent of 35.00 g/t. The main Durazno structure yielded a 8.34 metres (true thickness 6.92 m) grading Au 1.71 g/t and Ag 2.9 g/t for a silver-equivalent of 105.4 g/t, or a gold-equivalent of 1.76 g/t. Within this intercept is 1.45 metres (true thickness 1.19 m) grading Au 5.03 g/t and Ag 6.3 g/t for a silver-equivalent of 308.3 g/t, or a gold-equivalent of 5.14 g/t. In the Bufa-Santo Niño area, sub-parallel north striking, steeply dipping veins are present. Hole BCO-62 yielded a deep Santo Niño intercept of 2.65 metres (true thickness 2.17 m) grading Au 1.08 g/t and Ag 137.9 g/t for a silver-equivalent of 202.7 g/t, or a gold-equivalent of 3.38 g/t. Hole BCO-63 yielded a La Bufa Alta intercept of 2.70 metres (true thickness 1.74 m) grading Au 0.95 g/t and Ag 200.9 g/t for a silver-equivalent of 257.7 g/t, or a gold-equivalent of 4.29 g/t. In the Promontorio area, a broad zone of quartz-hematite stockwork veinlets is present. Hole BCO-72 was drilled to intercept Promontorio 250 metres below surface and 120 metres below previously reported BCO-60. Hole BCO-72 yielded an intercept of 19.00 metres (true thickness 15.56 m) grading Au 0.77 g/t and Ag 10.1 g/t for a silver-equivalent of 56.4 g/t, or a gold-equivalent of 0.94 g/t. Within this intercept is 5.55 metres (true thickness 4.55 m) grading Au 2.00 g/t and Ag 27.4 g/t for a silver-equivalent of 144.7 g/t, or a gold-equivalent of 2.41 g/t.

Orex Minerals Inc. Auditor Raises 'Going Concern' Doubt

Orex Minerals Inc. filed its Annual on Jul 23, 2015 for the period ending Apr 30, 2015. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Orex Minerals Inc. and Agnico Eagle Mines Limited Complete Joint Venture Transaction on Orex's Barsele Project

Orex Minerals Inc. announced that it has closed the joint venture transaction with Agnico Eagle Mines Limited with respect to the development of Orex's Barsele Project located in Sweden previously announced by Orex on February 23, 2015. Pursuant to the Transaction, Agnico Eagle acquired a 55% interest in the corporate entity which owns the Project in consideration of an initial payment to Orex of USD 6 million, with an additional USD 2 million payable by Agnico Eagle in cash or shares at Agnico Eagle's election to Orex on each of the first and second anniversaries of the closing.


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