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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.
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Contact:
Orex Gold Mines, Coral Gables
Investor Relations Contact:
Warren Hemedinger, 888/749-OREX
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