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VANCOUVER, BC, March 12, 2025 /CNW/ - Orex Minerals Inc. (TSXV: REX) (OTCQB: ORMNF) ("Orex" or the "Company") is pleased to announce that "Exploraciones y Desarrollos Mineros Coneto, SAPI de CV", a joint venture company held by Fresnillo plc (LON: FRES) for 61.21% and Orex for 38.79%, has completed the Phase-VI diamond drilling program of 2,000.8 metres in 8 holes on the Coneto Gold-Silver Project in Durango, Mexico.
The Loma Verde target area was the focus for Phase-VI drilling. Results include hole BCO-85 yielding a core length of 15.00 m (true thickness 11.50 m) grading Au 0.75 g/t and Ag 174 g/t for a gold-equivalent of 3.02 g/t, plus hole BCO-89 yielding a core length of 4.50 m (true thickness 3.90 m) grading Au 1.70 g/t and Ag 180 g/t for a gold-equivalent of 4.05 g/t.
John Eren, President and CEO states, "The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value."
| Hole | From (m) | To (m) | Core Length | True Width | Au (g/t) | Ag (g/t) | Au-Eq (g/t) | Ag-Eq (g/t) |
| BCO-84 | | | | | | | | |
| Unnamed | 104.10 | 105.90 | 1.80 | 1.61 | 0.52 | 4 | 0.57 | 44 |
| Loma V | 121.55 | 122.50 | 0.95 | 0.85 | 0.17 | 373 | 5.07 | 386 |
| | | | | | | | | |
| BCO-85 | | | | | | | | |
| Loma V | 87.80 | 102.80 | 15.00 | 11.50 | 0.75 | 173 | 3.02 | 230 |
| Incl. | 87.80 | 92.40 | 4.60 | 3.53 | 1.37 | 419 | 6.88 | 523 |
| | | | | | | | | |
| BCO-86 | | | | | | | | |
| Unnamed | 170.10 | 171.25 | 1.15 | 0.85 | 3.76 | 36 | 4.23 | 322 |
| Unnamed | 258.25 | 259.25 | 1.00 | 0.85 | 0.21 | 73 | 1.17 | 89 |
| Loma V | 271.90 | 277.20 | 5.30 | 4.77 | 0.17 | 122 | 1.82 | 138 |
| Incl. | 271.90 | 275.65 | 3.75 | 3.38 | 0.20 | 143 | 2.07 | 158 |
| | | | | | | | | |
| BCO-87 | | | | | | | | |
| Loma V | 137.35 | 138.05 | 0.70 | 0.63 | 0.08 | 74 | 1.05 | 80 |
| | | | | | | | | |
| BCO-88 | | | | | | | | |
| Unnamed | 84.25 | 85.10 | 0.85 | 0.65 | 0.14 | 280 | 3.81 | 291 |
| Loma V | 159.80 | 164.00 | 4.20 | 3.20 | 0.45 | 65 | 1.30 | 99 |
| Unnamed | 166.45 | 167.75 | 1.30 | 1.22 | 0.58 | 54 | 1.29 | 98 |
| | | | | | | | | |
| BCO-89 | | | | | | | | |
| Unnamed | 57.70 | 62.45 | 4.75 | 4.42 | 1.17 | 87 | 2.32 | 176 |
| Incl. | 59.00 | 59.75 | 0.75 | 0.70 | 5.01 | 357 | 9.07 | 738 |
| Loma V | 135.30 | 139.80 | 4.50 | 3.94 | 1.70 | 180 | 4.05 | 309 |
| Incl. | 135.30 | 136.30 | 1.00 | 0.87 | 5.42 | 603 | 13.35 | 1,015 |
| | | | | | | | | |
| BCO-90 | | | | | | | | |
| Unnamed | 259.00 | 260.50 | 1.50 | 1.41 | 1.00 | 287 | 4.77 | 363 |
| Loma V | 327.75 | 329.05 | 1.30 | 1.22 | 0.76 | 259 | 4.15 | 317 |
| | | | | | | | | |
| BCO-91 | | | | | | | | |
| Loma V | 286.40 | 288.15 | 1.75 | 1.34 | 3.79 | 554 | 11.05 | 834 |
| Unnamed | 317.50 | 318.10 | 0.60 | 0.50 | 0.57 | 47 | 1.19 | 91 |
For the purposes of gold and silver equivalent values, the long-term metal prices of gold $1,750/oz and silver $23/oz were applied. Gold to silver price ratios vary over time. Base metals value are scattered and non-economic, max. isolated values of 0.2% Pb, 0.4% Zn.