Orex Exploration Inc.
TSX VENTURE : OX
FRANKFURT : O5D

Orex Exploration Inc.

October 07, 2013 08:57 ET

Orex Appoints MineTech Inc. of Halifax, Nova Scotia to Prepare a Preliminary Economic Assessment at its Flagship Goldboro Property

MONTREAL, CANADA--(Marketwired - Oct. 7, 2013) - OREX EXPLORATION INC. (TSX VENTURE:OX) (the "Company") announces that we have appointed MineTech International Limited ("MineTech"), the well-regarded firm of engineering and geological consultants to carry out a Preliminary Economic Assessment ("PEA") on the Company's wholly owned Goldboro project in Guysborough Country, Nova Scotia.

Commenting on this development, Willie McLucas, President and CEO said: "This appointment follows on from the publication of the NI 43-101 compliant resource in February 2013, which reported, using a cut-off grade of 2 g/pt, an updated mineral resource of 465,000 ounces Au (2,589,000 tonnes grading 5.59 g/t gold) in the Measured and Indicated categories and a further 421,100 ounces Au (2,543,000 tonnes grading 5.15 g/t gold) in the Inferred category. The appointment of MineTech is the next logical step in order to continue to progress the development of our flagship Goldboro project in Nova Scotia. We hope to receive the report from Minetech before the end of the calendar year and the results of PEA will be announced to the market as soon as practicable."

Neither the 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 news release.

The statements made in this news release that are not historical facts are forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking" statements.

Contact Information