From May 24th 1999 ... Financial Sentinel Announces Investment Opinion on Orex Gold Mines Corp.
Financial Sentinel Digs Up Good News On Orex
CORAL GABLES, Fla.--(BUSINESS WIRE)--May 24, 1999--Now that people are becoming aware of the atrocities caused by the use of cyanide in gold mining, discovering an environmentally safe way to dissolve gold is like discovering a gold mine. So how do you extract gold if the cyanide process you use to get it is illegal? That is where Orex Gold Mines Corporation (OTC BB:ORXX - news) comes in.
Orex announced on March 23, 1999 that it was granted a licensing agreement to use a new gold extraction process that no other company has ever used. The license was granted by a chemical process company, Haber, Inc., giving Orex permission to commercialize this cutting-edge, environmentally safe process.
Appropriately named the Haber Gold Process, the HGP offers several advantages over present techniques. Cyanide tends to release toxic heavy metals, which can cause serious environmental problems. In contrast, HGP does not release other toxic heavy metals or require any exotic equipment or hardware.
Pincock Allen and Holt described the HGP as a ''novel method for processing gold ores that offers various advantages over present techniques. Recovery rates were exceptionally good particularly when compared to cyanide.''
Orex recently completed a preliminary inspection of three properties under consideration for its mining operation which will utilize the Haber Gold Process (see www.orexgold.com). Warren Hemedinger, Orex's president has received calls from as far as British Columbia and Canada to do cooperative mining. When asked how Orex was selected to have the HGP, Hemedinger stated, ''We've known Norm Haber (creator of the HGP) for several years.'' Hemedinger continued, ''We feel that we can help pacify the environmental side as well as mining.''
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The information contained herein is not guaranteed by the Financial Sentinel to be accurate, and should not be considered to be all-inclusive. This discussion contains forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those described in any forward-looking statements or announcements discussed within. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the securities. The Financial Sentinel is not a licensed broker, broker dealer, market maker, investment banker or underwriter. Please consult a broker before purchasing or selling any securities.
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Contact:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX |
