All ORXX News Releases to Date:
Orex Gold Mines Corp. Announces Certified Public Accountants for Compliance
CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 26, 1999--Orex Gold Mines Corp. (OTC BB:ORXX), in the business of mining, announced they have retained the accounting services of Goldstein, Schechter, Price, Lucas, Horwitz & Co., P.A., associated with Jeffreys Henry International.
Effective immediately, Goldstein, Schechter, Price, Lucas, Horwitz & Co., P.A. has initiated the auditing process of Orex and recently acquired acquisition (s) to meet reporting requirements. Also, the firm will be responsible for the compilation of the final audited reports and assist Orex in ongoing compliance measures.
Additionally, Orex has retained the services of McDermott, Will & Emery, Attorneys at Law, specializing in corporate and securities law, will be preparing all of the necessary legal information in the Form 10 and act as securities counsel for the company.
Presently, there are 23,342,500 shares issued and outstanding of which 4,983,000 are restricted. As of this press release, this is the entire stock structure with no warrants, options, convertible debentures or preferred stock.
"We are very pleased to be associated with these professional & efficient companies to assist us in completing all the necessary audits and filings to be fully reporting," stated Warren Hemedinger, President of Orex Gold Mines Corporation.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of Orex. In addition, Orex disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 888/749-OREX
Orex Gold Mines Corp. Acquires Santa Maria Mining Corp.
CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 16, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) announced Monday that it has acquired the Santa Maria Mining Corp., a California corporation.
The acquisition will set in place the assets, personnel, mining equipment and expertise to develop properties for the Haber Gold Process (see www.orexgold.com).
Santa Maria Mining Corp. owns the Santa Maria Mine and Mill located on the Santa Maria River near Wickenburg, Ariz. The 480 acre property covers substantial reserves of moderate grade (0.25 oz/ton) oxidized gold ore and a fully permitted subterranean gold mining operation.
Don Blackburn has been named chairman of the board of directors. Blackburn owned and operated Blackburn Enterprises, a prospecting land acquisition company, which employed several geologists and geological engineers. He has over 45 years experience in the mining and drilling industry.
Orex will be moving its headquarters to Wickenburg to begin processing current gold ore stockpiles totaling 2,500 tons. The gold ore from the property has been tested and proven amenable to the HGP technology. Warren Hemedinger, Dr. Henry Rosenberg and Norman Haber will be at the Santa Maria mining site Wednesday to begin implementation of the HGP circuit to the present mill. This will be the first commercial use of the Haber Gold Process (HGP).
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.
A demonstration of HGP is tentatively set for the end of September. Shareholders and members of the press are invited to attend. Those interested in receiving an invitation should call 888-749-OREX or e-mail info@orexgold.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of Orex. In addition, Orex disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 888/749-OREX
Orex Gold Mines Corp. Corrects Release Issued 07/29 and Adds Sentence
CORRECTION...by Orex Gold Mines Corp.
In BW1449-07/29, (FL-OREX-GOLD-MINES)(ORXX) Orex Gold Mines Corp. Completes Due Diligence for the Acquisition of World Vanadium, LLC and Santa Maria Mining Company release July 29, in the third graph, fourth line should read xxx ...and secondly in the Santa Maria River Valley, near Wickenburg, AZ (drilled proven reserves by FMC Corp. and Energy Fuels Corp.) and these reports facilitated the purchase contract with Phelps Dodge (NYSE:PD) for gold and silica which was highlighted in the July 13 release, which should qualify Orex. Management anticipates...).
Sted ...near Wickenburg, AZ (drilled proven reserves by Phelps Dodge Corp., NYSE:PD))...
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 888/749-OREX
Orex Gold Mines Corp. Completes Due Diligence for the Acquisition of World Vanadium, LLC and Santa Maria Mining Company
CORAL GABLES, Fla.--(BUSINESS WIRE)--July 29, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) announced it has completed the due diligence for World Vanadium, LLC, a Delaware limited liability company and Santa Maria Mining Company, a California corporation.
Orex contemplates that the proposed merger will be completed on or prior to August 15th, 1999.
With this acquisition, the estimated value of the aggregate assets, which include two fully equipped and permitted commercial scale mining operations located firstly on the Colorado Plateau (drilled proven reserves by Union Carbide Corp., (NYSE:UK)) and secondly in the Santa Maria River Valley, near Wickenburg, AZ (drilled proven reserves by Phelps Dodge Corp., (NYSE:PD)) should qualify Orex as a world class producer. Management anticipates that Orex will be a fully reporting company under federal securities laws prior to year's end.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of Orex. In addition, Orex disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Greg Finney, 888/749-OREX
Orex Gold Mines Corp. Finalizing Stock Exchange Agreement For Properties In Utah, Colorado, and Arizona
CORAL GABLES,Fla.--(BUSINESS WIRE)--July 13, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) announced it has completed a Letter of Intent for the acquisition of 2 privately held mining companies, World Vanadium Corp., LLC, a Delaware company and Santa Maria Mining Company, a California company.
The agreement will set in place the assets, personnel, mining equipment and expertise to evaluate and develop properties for the Haber Gold Process (see www.orexgold.com) and other mining strategies.
Under terms of the agreement, Orex will acquire all interests in Santa Maria Mining Company including the rights to the Santa Maria Mine and Mill located in Central Arizona, as well as a current contract with Phelps Dodge (NYSE:PD) for purchase of the resultant high silica containing tails, which are used as flux in copper smelting operations. The mill and mine are fully permitted for gold mining and leach operations. The property has substantial reserves of moderate grade (0.25 oz/ton) oxidized gold ore that has been tested and proved amenable to the HGP technology. Orex plans to mill and process current ore stockpiles totaling 2,500 tons as soon as the acquisition is completed. This will be the first commercial use of the Haber Gold Process licensed to Orex by Haber Inc. (OTC BB: HABE) (see www.haberscience.com). Further plans will be announced, as they become available.
Also covered in the agreement, Orex will acquire all interests in World Vanadium Corp., LLC, including substantial high-grade reserves of uranium and vanadium, mining equipment, and contract mining agreements. This acquisition will position Orex not only as a major player in the Colorado Plateau region, but will also provide Orex with a mining team with combined experience of over 140 years in the mining business covering acquisition, exploration, and development of properties in the US and abroad. An overview of World Vanadium can be found on their website (see www.worldvanadium.net).
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of the Company. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX
NOTE: This release of June 7, 1999 has an error in it. The word ?exclusively? in the third Paragraph first sentence should NOT be there. It all press releases this word does not show up only in this particular release. It should have stated ?Orex Gold Mines Corp. has been granted the rights for the commercial use of the "Haber Gold Process" from Haber, Inc.? Orex will exclusively use the granted rights. According to the company.
Orex Gold Mines Corp. Finalizing Joint Venture to Commence Ore Processing; Letter of Intent Expected to Yield Equity Stake
CORAL GABLES, Fla.--(BUSINESS WIRE)--June 7, 1999--Orex Gold Mines Corp. announced today that the Company is in the final round of negotiations with a privately held mining company for the purpose of forming a joint venture to process high-grade gold ore.
Orex would provide on-site processing of rich ore concentrate and would retain a significant percentage of the processed gold. Geological assays have thus far shown impressive ounce per ton ratios for the ore, which has already been mined and is now ready for the extraction process. Due to the Company's ability to provide a quick set-up of a low cost processing facility, revenue from completed gold processing could be generated within the next 60 days.
Orex Gold Mines Corp. has been granted the exclusive rights for the commercial use of the "Haber Gold Process" from Haber, Inc. (OTC BB:HABE). This revolutionary extraction process has shown numerous benefits over traditional cyanide leaching methods, aside from being non-toxic and EPA approved. With the Haber Gold Process, the percentage of gold extracted from ore increases and the extraction process occurs in a fraction of the time needed with traditional methods. In addition, using the Haber Process versus the slower cyanide method dramatically reduces the cost per ton of concentrate.
Orex is currently in various stages of negotiation with several mining companies for possible acquisition, joint venture, and processing agreements. The Company has been overwhelmed with inquiries and proposals from mining companies around the world and is carefully reviewing each one in order to maximize shareholder value.
The Company also states that there has not been any news or event of either an adverse or positive nature to account for the recent volatility in its stock price. It is believed that this market activity is strictly due to excessive shorting and subsequent repurchasing of Orex shares and has no correlation to any material elements of the Company.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of the Company. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT:
Orex Gold Mines Corp., Coral Gables
Warren Hemedinger, President
(888) 749-OREX
Or visit our web site: www.orexgold.com
Financial Sentinel Announces Investment Opinion on Orex Gold Mines Corp.; Financial Sentinel Digs Up Good News On Orex
NOTE TO EDITORS: The following is an investment opinion issued by Financial Sentinel regarding Orex Gold Mines Corp.
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) 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."
Disclaimer: This article is an objective review of Orex Gold Mines Corp., as are all editorial articles in the Financial Sentinel. We are not compensated by or financially involved with any of the companies that receive editorial coverage in the Financial Sentinel. If you would like a subscription call 800-444-4980, your guide to the world of microcap investing. The Financial Sentinel is the only publication with a complete listing of OTC:BB traded stocks.
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.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX
Orex Gold Mines Corp. Evaluating Properties for Mining Operation
CORAL GABLES, Fla.--(BUSINESS WIRE)--May 19, 1999--Orex Gold Mines Corp. (OTC BB:ORXX) announced it completed a preliminary inspection of three properties under consideration for its mining
operation which will utilize the Haber Gold Process (see www.orexgold.com).
Two of the properties being evaluated by Orex are located in Arizona and one is in Nevada.
Haber Chairman, Norman Haber, submitted a written report and proposal to Orex regarding the suitability of each property. Based on the recommendations in the report, Orex personnel are making a second visit to the properties to narrow the selection. Orex is working with a mining consultant to conduct exploration of the properties and will submit ore samples for gold assays from the three properties. Some ore has already been sent out for testing.
Orex announced March 24, 1999, that it obtained a license agreement from Haber Inc. for rights to commercialize the environmentally safe gold extraction process. The HGP offers advantages over cyanide in addition to being completely non-toxic: it has been demonstrated to be 6X faster than cyanide and easily recovers microfine gold, which cyanide does not.
CONTACT: Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX
Orex Gold Mines Corporation Releases New Literature on Environmentally Safe
Gold Mining Process
CORAL GABLES, Fla.--(BUSINESS WIRE)--March 30, 1999--Orex Gold Mines Corporation (OTC BB:ORXX) announced it has released new literature which features the environmentally safe Haber Gold Process (HGP). The company is also producing a digital audiovisual production for release on CD and the Internet. The CD includes interviews with research scientist Norman Haber, who discovered the process.
Orex President, Warren Hemedinger, said today that the literature and A/V production was necessary to answer inquiries regarding the environmentally safe Haber Gold Process (HGP): "The response from gold mining companies seeking an alternative to cyanide, plus the enormous interest from the investment community, has been overwhelming. People want to know more about the HGP process."
Orex stock (OTC BB:ORXX) began trading March 10th.
Orex was granted a license agreement for rights to commercialize the proprietary process, which Haber Inc. has prioritized for patent protection. This is the first time Orex has made the technology available in diagram form for wide circulation in print. Orex is mailing the brochure to shareholders of Orex and Haber Inc. It will also be sent to those who call Orex's toll-free number, which is 888/749-OREX. The HGP diagram can also be seen on the company's Web page (www.orexgold.com).
Orex is completing its first round of financing for the mining operation, which will be based entirely on the HGP. Orex will be the first company in the world to commercialize the process, which has been validated by four independent mining-engineering studies.
CONTACT:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX
or
Media Contact:
Rick Paltridge, 914/878-1039
or
Web site:
orexgold.com
Orex Gold Mines Corporation to Commercialize Environmentally Safe Gold Mining Process
CORAL GABLES, Fla.--(BUSINESS WIRE)--March 24, 1999--Orex Gold Mines Corporation (OTC BB:ORXX) announced it was granted a license agreement from chemical process development company Haber, Inc. for the rights to commercialize Haber's environmentally safe gold extraction process. Orex (see www.orexgold.com) began trading March 10th, 1999 and is already completing its first round of financing for their mining operation.
Orex executives plan to design a turn-key mining operation based entirely on the process. Orex will be the first company in the world to commercialize this process and create a milestone within the
cyanide-based gold mining industry - a completely non-toxic gold mining operation.
This prospect pleases Orex president, Warren Hemedinger: "We are anxious to commercialize the HGP and take the lead in introducing this better method. There has been enormous interest from the mining industry as well as the investment community."
The process has been validated by four independent mining-engineering studies including Colorado-based Pincock Allen & Holt. In its report, PAH described the HGP as a "novel method for processing gold ores that offers various advantages over present techniques." It further stated that the Haber process "extracted gold in bulk and in significantly less time than is possible with cyanide. Recovery rates were exceptionally good, particularly when compared to cyanide on the ores tested." HGP is so environmentally safe, it passed California's Department of Health Services Acute Aquatic Toxicity
Bioassay to qualify as non-toxic.
The Haber method does not require any exotic equipment or hardware, nor pose any unusual engineering problems in the design or fabrication of a commercial plant. HGP costs the same or less than cyanide but extracts gold much faster and with greater yields of gold.
CONTACT:
Orex Gold Mines Corp., Coral Gables
Warren Hemedinger, 888/749-OREX
Or Visit Our Website: www.orexgold.com |
