WOW 99.94% Silica!!!!
Hey looks like Orxx gots the goods!!!!!
Regards
mr ed
Monday January 10, 12:55 pm Eastern Time
Company Press Release
Orex Corporation Reports Silica Results - 99.94% SiO2
WICKENBURG, Ariz.--(BUSINESS WIRE)--Jan. 10, 2000--Orex Corporation
(OTCBB:ORXX - news) announced it has received analysis reports from Bondar Clegg,
Intertek Testing Services laboratory where samples were sent following the December 8,
1999 test demonstration of Orex's Acid Leach and gold recovery procedures. The
samples were analyzed by X-ray Fluorescence Whole Rock Analysis with additional Fire
Assays for determination of silica purity and gold content. The sample descriptions and
results are as follows:
Sample 1 -- 200 mesh, light brown quartz vein material with moderate
to abundant mineralization and limonite staining
Sample 2 -- 200 mesh, white to buff quartz vein material with little
visible mineralization and light to moderate limonite
staining
Sample 3 -- 200 mesh, light grey powder tailings after leaching
Sample No. SiO2 TiO2 Al2O3 Fe2O3 MnO
% % % % %
1 85.08 0.15 4.51 5.17 0.03
2 96.10 (b)0.01 0.11 4.21 0.03
3 99.94 (b)0.01 0.12 0.03 (b)0.01
Sample No. MgO CaO Na2O K2O Au30 AuGrav
% % % % ppb ppm
1 0.12 0.18 0.87 1.93 (a)10000 20.06
2 (b)0.01 (b)0.01 (b)0.01 0.06 1393 N/A
3 (b)0.01 0.01 (b)0.01 0.08 340 N/A
(a) greater than
(b) less than
While the acid leach was effective, and the results are very encouraging, the company is
awaiting verification of these results by a second independent laboratory, Skyline
ACTLABS in Tucson, AZ, which will be reported as soon as they are received. The
company is currently conducting further testing to optimize the recovery and economics of
the process. Orex will begin bulk testing in the near future to provide material to potential
market clients.
Orex is also finalizing the filing of its form 10SB and expects to complete the process
within the required dates. The company is committed to completing this process and
looks forward to the continued implementation of its business plan.
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.
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Contact:
Orex Corporation, Miami
Investor Relations Contact:
Greg Finney/Jeff Blackburn
305/444-5890 or 520/668-0460 |
