Orex Gold Mines Corp. Announcesit is Completing Design and Purchase of Additional Mining Equipment
September 28, 1999 01:09 PM
CORAL GABLES, Fla.--(BUSINESS WIRE)--Sept. 28, 1999--Orex Gold Mines Corp. ORXX is pleased to announce that it is completing the design and purchase of additional mining equipment which will be used to adopt current equipment for use with the HGP process, and which should improve gold production.
It is the goal of Orex to be in production as soon as practicable. With gold prices currently edging higher, this will allow Orex to commence and improve operations soon.
Orex intends to have a demonstration of such equipment which may include invited members from the press, various agencies, as well as other mining representatives that may be negotiating with Orex. Due to safety considerations and the overwhelming amount from those wishing to attend, Orex will schedule site visits by appointment only. This will allow the company to devote its resources to the operations of its business. Also, Orex opened a corporate office located at 521 1/2 West Wickenburg Way, Wickenburg, AZ 85390.
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.
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