Vancouver, B.C. -- Orex Minerals Inc. -- (REX: TSX-V) ("Orex")
is pleased to announce that the contract to complete 2500 line kilometres of airborne geophysical surveying on our Barsele Gold Project in Sweden has been awarded to SkyTEM Surveys ApS ("SkyTEM") of Denmark.
The Barsele Project 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.
Gary Cope, President of Orex, says, "We are excited to begin this airborne geophysical survey, which will outline additional drill targets outside of the known zones."
SkyTEM will use a helicopter-borne time-domain electromagnetic system which has a transmitter moment of 500,000 NIA to maximize the depth of penetration. The airborne survey will yield high resolution maps of the apparent resistivity/conductivity, total magnetic field, vertical magnetic derivatives and more. Depths of exploration greater than 400 metres are expected to be achieved.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Orex Minerals Inc. at (604) 687-6310,
email firstname.lastname@example.org or visit our website at www.orexminerals.com
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.