Tejamen proves richer than first thought (April 13, 2004)

Vancouver – Oremex Resources (ORM-V) has been rewarded with higher grade silver over longer than expected intervals in recent drilling on the Tejamen silver property in Durango, Mexico. The company holds the right to acquire 100% in six mineral properties in Mexico.

On the heels of a $5.5-million financing earlier this month, the company is running a large drill program on the 1,672 hectare Tejamen property. The drill program is verifying previous results and determining the extent of the mineralization on the property – with its focus on the Cerro Prieto and adjacent El Manto zones. The Cerro Prieto shear zone is some 500 metres long and 150 metres wide and is open along strike and at depth.

Wide intersections in six new holes at Cerro Prieto exceeded 3 ounces silver per tonne. Drill hole 18 intersected silver mineralization from surface, and bottomed in similar mineralization at 656 feet. The thickest intersection was 485 feet grading 4.12 oz. silver. Another intersection in hole 18 assayed 5.53 oz. silver over 20 feet.

Eight “fences” of holes, 50 metres apart have been drilled perpendicular to the strike of the mineralization. Holes were drilled every 30 metres along these fences. The better intersections are in the last couple of holes drilled on the eastern end of each of the fences. This indicates the deposit is wide open to the east as well as along both strike directions.

More recent standouts from Cerro Prieto include:
– hole 13 – 171 feet grading 3.49 oz. silver including 20 feet of 3.49 oz.;
– hole 27 – 98 feet grading 3.92 oz. including 33 feet of 7.75 oz. and;
– hole 28 – 223 feet grading 2.62 oz. including feet of 5.57 oz.

Intersections from Oremex’s previous drilling included 3.48 oz. over 216 feet, 3.22 oz. over 85 feet, and 2.80 oz. over 197 feet.

Drilling has started on the El Manto zone. It will initially focus on twinning previous holes that generated high grade intersections. At El Manto, disseminated mineralization as well as bonanza grades higher than 5000 grams silver have been intersected.