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Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (2269)	12/13/1999 12:11:00 AM
From: mr. ed	Read Replies (2) \| Respond to of 2392

GREAT news coming.... By: hooters Reply To: 18223 by aesty Sunday, 12 Dec 1999 at 4:36 PM EST Post # of 18244 OT: Playing with some numbers this weekend based on info that was discussed at Don's home last week. No sense discussing whether the Santa Maria has gold and silica. We already know that. The big questions on everyone's mind has been whether the silica is good enough to sell, is there a market, how much can OREX get per ton, how much gold per ton, can OREX get gold with environmentally safe process whether HGP or OREX generated, can OREX obtain financing to get this stuff out of the ground. 1. Tests have been done on the silica. I don't know the results other than they are good. Guesses as to the value the other night was $4-700 per ton. Remember that a ton is about 2 1/2 feet square. 2. There is a huge silica market in OREX's back yard. The biggest suppliers to the local market come from India and Illinios. Bet transportation costs are high. 3. OREX is expecting to see 1.4 ounces of gold from their test which has not been made public. You can track gold prices in your daily paper. 4. Gold was extracted safely with OREX's own juice. This is a FACT. 5. Can OREX obtain financing is the big question that remains. Let's look at this for a second. Take silica at the low end of the estimate. This is $400 per ton. Gold at 1.4 ounces within the same ton as the silica. This is a small mill so expect 60 tons per day for current shift and an estimated 125 tons per day for around the clock operation. This is per Don. Gold is currently at $280 per ounce. At the 1 1/2 ounce per ton figure, we get $420 per ton. Add this to the $400 per same ton for silica and we get $820 per ton total. At the 60 ton per day mark we have revenue of $49,200. Operating for only 5 days a week, we have revenue of $264,000 per week or $12,792,000 per year. If the silica tests higher and/or the gold is more concentrated, these numbers go up. If the mine is run around the clock and/or more than 5 days a week the numbers also increase. Remember that this is just the Santa Maria mine we are talking about. Does anyone doubt with Don's connections that financing is a slam dunk. Financing would put a mill in place that will process many times the current mill. Anyone who doesn't believe that financing is a given, please raise your hand. Go ahead. Don't wory. We won't think you're an idiot. Write my estimate down and compare to the numbers that OREX releases when the tests are made public. I would expect numbers soon. If they are higher than mine, strap yourself to your chair so you don't fall off during the ride.

To: Ga Bard who wrote (2269)	1/10/2000 2:17:00 PM
From: mr. ed	Read Replies (2) \| Respond to of 2392

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. -------------------------------------------------------------------------------- Contact: Orex Corporation, Miami Investor Relations Contact: Greg Finney/Jeff Blackburn 305/444-5890 or 520/668-0460