MONTREAL, CANADA -- (Marketwire) -- 03/30/12 -- OREX EXPLORATION INC. (TSX VENTURE: OX)(FRANKFURT: O5D) would like to inform shareholders that the Company has engaged Mercator Geological Services of Dartmouth, Nova Scotia, to review all of the technical information relating to the Company's 100%-owned Goldboro Gold Property in Nova Scotia. Mercator is a geological consulting firm that offers expertise in project design and management, mineral resource estimation and evaluation, drilling program management and design, GIS-based compilation and mapping, quality assurance and quality control studies, and NI 43-101 technical reporting.
The mandate given to Mercator by Orex comprises several specific elements. The immediate priority for Orex is to have a review of all technical information, which will lead to a bulk sample being done at the Goldboro Gold Property. Once Mercator has completed its review of the data and recommended to Orex which areas would be most suitable for such a bulk sample, the Company will then present this plan to the Nova Scotia Department of Natural Resources, and other interested departments, with the objective of securing a bulk sample permit.
In addition, Orex has asked Mercator to update its 2009 NI 43-101- compliant Mineral Resource Estimate to include the data from the 2010 and 2011 drilling campaigns; this will likely include data that will be generated as a result of the bulk sample. Furthermore, Orex would like to follow-up a new NI 43-101-compliant Mineral Resource Estimate with a Preliminary Economic Assessment, which will examine the economic feasibility of a production scenario at Goldboro.
About Orex Exploration Inc.
Orex Exploration Inc. is a Canadian-based junior resource and exploration company trading under the symbol OX on the TSX Venture Exchange and O5D on the Frankfurt Stock Exchange. The Company holds a 100% interest in the Goldboro Gold Project in Nova Scotia.
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