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Orex Minerals Inc. Orex Minerals Inc.
Coneto Drilling Intercepts
Coneto Gold-Silver Project,
Coneto de Comonfort Municipality, Durango, Mexico


Gold and Silver Results

Silver-Equivalent - Ag-Eq (g/t) = Ag + Au * 60
For the purposes of silver-equivalent, recovery rates are assumed to be 100%. The 60:1 gold to silver price ratio is the 10-year average price ratio from the London Metal Exchange (daily fluctuations vary). Silver-equivalent does not include a contribution from base metals, nor fluorite.

LOMA VERDE INTERCEPTS


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-01 184.10 192.90 8.80 7.21 0.47 165 193 3.22
Phase-I CC-10-02 299.20 302.50 3.30 1.89 0.18 118 129 2.15
Phase-I CC-10-03 259.30 263.00 3.70 3.03 0.58 125 160 2.67
Phase-I CC-10-18 136.40 141.20 4.80 4.16 1.58 49 143 2.39
Phase-I CC-10-19 104.90 107.10 2.20 1.91 0.32 21 40 0.67
Phase-I CC-10-20 144.50 148.10 3.60 3.12 0.98 292 351 5.84
Phase-I CC-10-21 121.90 128.70 6.80 5.89 0.85 118 169 2.82
Phase-II BCO-01 402.35 411.55 9.20 7.68 0.14 17 25 0.42
Phase-II BCO-02 268.45 281.00 12.55 10.27 3.08 138 323 5.38
Phase-II BCO-03 241.00 247.25 6.25 5.29 0.70 5 47 0.78
Phase-II BCO-04 283.40 289.75 6.35 5.39 0.26 103 119 1.98
Phase-II BCO-05 226.65 230.10 3.45 2.83 0.14 124 132 2.21
Phase-II BCO-06 202.40 205.15 2.75 2.00 0.58 15 50 0.83
Phase-III BCO-52 383.45 389.05 5.60 4.85 0.16 17 27 0.45
Phase-III BCO-53 230.95 238.00 7.05 6.11 0.07 26 30 0.50
Phase-III BCO-54 418.45 421.90 3.45 2.99 0.14 21 29 0.49
Phase-III BCO-55 126.30 131.15 4.85 4.20 0.93 145 201 3.35
Phase-III BCO-56 208.30 210.65 2.35 2.19 0.83 89 138 2.30
Phase-IV BCO-64 207.35 210.80 3.45 3.00 0.06 20 24 0.40
Phase-IV BCO-66 364.75 369.60 4.85 3.45 3.22 238 432 7.19
Phase-V BCO-76 463.85 471.85 8.00 5.15 0.06 3 7 0.11
Phase-V BCO-77 243.80 244.90 1.10 0.70 0.16 1 11 0.18
Phase-V BCO-78 357.80 363.75 5.95 4.55 0.06 7 11 0.18
 
  Average:   5.23 4.25 0.81 84 132 2.21
 
  Average > 60 g/t Ag-Eq: 5.45 4.47 1.31 141 220 3.66


SANTO NIŅO INTERCEPTS


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I None                
Phase-II BCO-09 326.95 328.90 1.95 1.60 0.30 23 41 0.68
Phase-II BCO-10 367.10 368.80 1.70 1.30 0.07 2 6 0.10
Phase-II BCO-11 395.40 398.70 3.30 2.70 4.34 612 872 14.54
Phase-II BCO-12 114.80 116.80 2.00 1.28 0.11 182 189 3.14
Phase-II BCO-13 216.50 216.90 0.40 0.35 0.28 54 71 1.18
Phase-III BCO-33 238.10 241.70 3.60 3.20 0.01 1 1 0.02
Phase-III BCO-34 190.50 192.20 1.70 1.30 1.53 117 209 3.48
Phase-III BCO-35 176.30 195.90 19.60 15.00 0.07 27 31 0.52
Phase-III BCO-37 419.95 424.40 4.45 3.40 1.40 95 179 2.98
Phase-III BCO-38 261.15 263.35 2.20 1.50 0.24 113 127 2.12
Phase-IV BCO-62 504.45 507.10 2.65 2.17 1.08 138 203 3.38
Phase-IV BCO-63 462.70 467.70 5.00 4.53 0.07 20 24 0.40
Phase-V BCO-73 526.90 530.65 3.75 2.87 0.16 28 38 0.63
Phase-V BCO-74 377.55 378.25 0.70 0.65 0.01 0 1 0.01
Phase-V BCO-75 288.70 296.50 7.80 6.00 0.03 5 7 0.11
 
  Average:     4.05 3.19 0.50 73 103 1.72
 
  Contiguous Holes 11,34,37,62 3.03 2.39 2.17 254 384 6.40


IMPULSORA INTERCEPTS - UPPER


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-11 93.00 94.70 1.70 1.54 0.66 74 113 1.89
Phase-I CC-10-12 101.10 105.00 3.90 3.66 0.64 17 56 0.93
Phase-I CC-10-13 64.20 70.20 6.00 5.64 0.21 14 26 0.44
Phase-I CC-10-14 119.10 126.50 7.40 5.67 0.46 15 43 0.71
Phase-II BCO-20A 202.05 202.45 0.40 0.36 1.56 59 153 2.54
Phase-III BCO-40 283.25 285.80 2.55 1.65 0.99 4 63 1.06
Phase-III BCO-41 63.00 64.05 1.05 0.90 1.65 59 158 2.63
Phase-III BCO-42 55.35 59.40 4.05 3.09 0.99 70 129 2.16
Phase-III BCO-43 264.40 277.90 13.50 9.50 0.46 12 40 0.66
Phase-III BCO-44 49.20 55.35 6.15 3.91 1.29 31 108 1.81
Phase-IV None                
 
  Average:     4.67 3.59 0.65 24 63 1.05


IMPULSORA INTERCEPTS - LOWER


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-08 425.00 429.00 4.00 3.46 0.63 38 75 1.26
Phase-I CC-10-09 342.80 346.00 3.20 2.77 0.66 13 52 0.87
Phase-I CC-10-11 117.40 119.70 2.30 2.08 1.15 9 78 1.29
Phase-I CC-10-12 116.00 120.90 4.90 4.60 1.60 115 210 3.51
Phase-I CC-10-13 78.80 80.80 2.00 1.97 1.31 103 181 3.02
Phase-II BCO-21 286.85 292.95 6.10 4.58 2.03 12 134 2.23
Phase-II BCO-22 530.85 531.55 0.70 0.65 0.77 76 122 2.04
Phase-II BCO-23 83.15 87.60 4.45 3.34 0.90 6 60 1.00
Phase-II BCO-26 354.45 356.25 1.80 1.35 1.90 5 119 1.98
Phase-II BCO-28 139.35 144.60 5.25 3.15 2.86 13 185 3.08
Phase-III BCO-36 899.45 901.45 2.00 1.10 0.10 1 7 0.12
Phase-III BCO-41 101.40 104.25 2.85 2.44 0.44 4 30 0.51
Phase-III BCO-60 342.35 348.85 6.50 6.11 0.34 5 25 0.42
Phase-III BCO-61 259.20 264.00 4.80 4.51 0.98 27 86 1.43
Phase-IV BCO-65 95.60 104.05 8.45 7.32 0.35 6 27 0.45
Phase-IV BCO-67 161.70 165.10 3.40 2.94 0.21 2 15 0.24
 
  Average:     3.92 3.27 0.98 25 84 1.40
 
  Average > 60 g/t Ag-Eq: 3.63 2.97 1.46 40 128 2.13


PROMONTORIO INTERCEPTS - Wide Structure


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-07 145.40 183.10 37.70 28.88 0.23 9 23 0.39
Phase-I CC-10-08 141.50 156.00 14.50 12.56 0.10 9 15 0.26
Phase-I CC-10-09 30.30 56.80 26.50 22.95 0.27 3 19 0.31
Phase-II BCO-26 85.20 93.00 7.80 5.85 0.43 11 37 0.61
Phase-II BCO-29 80.10 92.80 12.70 8.98 0.58 6 40 0.67
Phase-III BCO-36 359.90 393.45 33.55 21.81 0.49 6 35 0.59
Phase-III BCO-40 79.40 89.30 9.90 9.30 0.90 40 94 1.57
Phase-III BCO-60 201.00 224.25 23.25 20.13 1.23 25 99 1.65
Phase-III BCO-61 139.95 166.50 26.55 22.99 0.32 12 31 0.52
Phase-IV BCO-72 258.65 277.65 19.00 15.56 0.77 10 56 0.94
Phase-V BCO-81 202.20 222.65 20.45 14.46 0.56 4 38 0.63
 
  Average:     21.08 16.68 0.51 11 42 0.69


PROMONTORIO INTERCEPTS - High Grade Portion


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-07 154.60 155.60 1.00 0.77 0.46 46 74 1.23
Phase-I CC-10-08 142.40 149.90 7.50 6.50 0.12 11 18 0.29
Phase-I CC-10-09 42.30 43.80 1.50 1.30 2.75 1 166 2.76
Phase-II BCO-26 91.25 93.00 1.75 1.31 1.27 38 114 1.90
Phase-II BCO-29 86.10 86.85 0.75 0.53 2.48 15 164 2.73
Phase-III BCO-36 387.75 389.45 1.70 1.11 2.82 25 194 3.24
Phase-III BCO-40 79.40 83.55 4.15 3.90 1.84 70 180 3.01
Phase-III BCO-60 202.50 208.95 6.45 5.59 2.82 66 235 3.92
Phase-III BCO-61 152.85 156.00 3.15 2.73 0.67 52 92 1.54
Phase-IV BCO-72 268.40 273.95 5.55 4.55 1.96 27 145 2.41
Phase-V BCO-81 209.70 211.15 1.45 1.03 1.31 6 85 1.41
 
  Average:     3.18 2.67 1.56 38 131 2.19


DESCUBRIDORA INTERCEPTS


Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I None                
Phase-II BCO-16 161.15 164.35 3.20 2.26 0.32 74 93 1.55
Phase-II BCO-17 158.45 159.65 1.20 0.90 1.53 631 723 12.05
Phase-II BCO-27 426.60 427.05 0.45 0.41 0.25 7 22 0.37
Phase-III BCO-45 99.35 103.75 4.40 3.38 0.23 98 112 1.86
Phase-III BCO-46 205.65 207.50 1.85 1.50 0.03 1 3 0.05
Phase-III BCO-47 119.40 125.25 5.85 4.50 0.79 56 103 1.72
Phase-III BCO-48 170.85 173.80 2.95 2.31 0.55 77 110 1.83
Phase-III BCO-49 280.25 281.95 1.70 1.30 0.63 36 74 1.23
PHASE-IV None                
Phase-V BCO-83 123.55 131.25 7.70 4.94 0.42 27 52 0.87
 
  Average:     2.70 2.07 0.50 78 108 1.80
 
  Average > 60 g/t Ag-Eq: 3.22 2.44 0.58 105 140 2.34


LA BUFA INTERCEPTS



LA BUFA - ALTA

Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
 
Phase-I None                
Phase-II BCO-11 19.90 20.85 0.95 0.70 6.68 230 631 10.51
Phase-III BCO-37 25.05 28.55 3.50 2.10 0.73 53 97 1.61
Phase-IV BCO-63 133.20 135.90 2.70 1.74 0.95 201 258 4.30
Phase-V BCO-74 112.00 114.95 2.95 2.21 0.16 28 38 0.63
                   
  Average:     2.53 1.69 1.22 101 174 2.91
                   


LA BUFA - MAIN

Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
LA BUFA - MAIN
 
Phase-I None                
Phase-II BCO-09 103.75 106.75 3.00 2.12 1.22 27 100 1.67
Phase-II BCO-10 159.35 160.60 1.25 0.95 0.36 13 35 0.58
Phase-II BCO-11 116.35 122.75 6.40 5.23 2.41 129 274 4.56
Phase-III BCO-33 78.00 85.70 7.70 5.50 0.08 2 7 0.11
Phase-III BCO-37 113.05 117.40 4.35 3.30 1.90 97 211 3.52
Phase-IV None                
Phase-V BCO-73 281.50 287.20 5.70 3.66 0.03 2 4 0.06
 
  Average:     4.73 3.46 1.08 52 117 1.95
 
  Contiguous Holes 9,11,37 4.85 3.55 2.02 99 220 3.67


LA BUFA - BAJO

Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
LA BUFA - BAJO                
 
Phase-I None                
Phase-II BCO-11 138.45 139.75 1.30 0.90 0.47 109 137 2.29
Phase-III None                
Phase-IV None                
Phase-V None
 
  Average:     1.30 0.90 0.47 109 137 2.29


DURANZO INTERCEPTS



DURANZO - ALTA

Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-05 35.10 36.50 1.40 1.20 0.23 120 134 2.23
Phase-I CC-10-06 14.30 17.10 2.80 2.42 0.59 76 112 1.86
Phase-II None                
Phase-III None                
Phase-IV BCO-68 361.60 362.65 1.05 0.86 34.50 30 2100 35.00
Phase-V BCO-80 468.10 469.40 1.30 0.92 4.71 4 287 4.78
 
  Average:     1.64 1.35 6.61 66 463 7.71


DURANZO - MAIN

Phase Hole From
(m)
To
(m)
Core
Length
True
Width
Au
(g/t)
Ag
(g/t)
Ag-Eq
(g/t)
Au-Eq
(g/t)
Phase-I CC-10-04 206.00 211.20 5.20 4.89 0.56 18 52 0.86
Phase-I CC-10-05 80.70 88.60 7.90 6.84 0.55 16 49 0.82
Phase-I CC-10-06 159.00 171.70 12.70 11.00 0.29 7 24 0.41
Phase-I CC-10-07 188.50 194.70 6.20 5.08 0.31 11 29 0.49
Phase-II None                
Phase-III None                
Phase-IV BCO-68 426.00 434.45 8.45 6.92 1.71 3 106 1.76
Phase-V BCO-79 415.00 450.20 35.20 27.00 0.02 2 2 0.05
Phase-V BCO-80 473.30 518.05 44.75 31.64 0.42 2 27 0.45
Phase-V BCO-82 317.90 332.05 14.50 10.00 0.51 4 35 0.58
                   
  Average:     16.86 12.92 0.41 5 29 0.49



 
Orex Minerals Inc.