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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
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To: Zeev Hed who wrote (957)8/27/1999 9:09:00 PM
From: Qone0  Read Replies (3) of 2392
 
Zeev, How about giving enough of the PR to put that in context?

Discovered from a gold outcropping on the site, the mine was drilled by FMC Corp. and Energy Fuels Corp. The detailed development drilling defined a large vein of 90% silica, which washes out to nearly 99% pure silica (possible fiber optic grade). Silica is used in fiber optic cable, computer chip manufacturing and the main component in automobile tires, specialized glass and paint amongst many other uses. Silica prices range from $20.00 per ton for lower grades to over a $1,000.00 per ton for fiber optic grade ore.

Silica is a byproduct of Santa Maria in the normal course of operation. Because the gold ore was historically processed using cyanide extraction, silica from the Santa Maria was contaminated and not suitable for sale. Orex's environmentally safe gold extraction process could permit the company to sell ''non-contaminated silica'' from its daily operations. This may represent significant additional revenue to the company.

And then your comment on this part of the PR which you can now see in full context is.

By gosh, that is smelly for a gold miner to be digging for quartz, there are so many sources of white sand (pure quartz), no one is mining quartz for fiber optics and chips.

The gold is in the silica it clearly states that it is a byproduct of the mine. That the HGP will make into a product that has some value. What is smelly about that?
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