Vancouver, B.C. -- Orex Minerals Inc. -- (REX: TSX-V) ("Orex")
would like to announce that SkyTEM Surveys ApS has completed the 2,500 line kilometres of airborne geophysical surveying on our Barsele Gold Project in Sweden.
The airborne results are presently being interpreted and the Company is pleased to report that there are a significant number of new anomalous targets outside of the known mineralized zones. Ground follow-up work will include: induced polarization, electromagnetic and magnetic surveys, combined with prospecting, sampling and mapping.
Gary Cope, President of Orex, says, "We are looking forward to ground-verification of the airborne anomalies, with future plans to carry out diamond drilling on our priority targets."
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. On February 28, 2011, Orex released a NI 43-101 compliant resource estimate for Barsele.
On the Coneto project in Central Durango State Mexico, Orex is negotiating the final details of a Joint Venture with Fresnillo PLC. In anticipation of the Joint Venture, Fresnillo has completed environmental studies and Orex geologists have completed mapping and sampling in the La Bufa area.
At Las Mesas, in Northern Durango State Mexico, diamond drilling has been completed. Results were not favourable and the project will be returned to the vendors.
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 in Sweden and Mexico.
ON BEHALF OF THE BOARD OF DIRECTORS
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.