| An SI Board Since May 1999 |
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ORXX |
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Orex Gold Mines Corporation Evaluating Properties for Mining Operation
CORAL GABLES, Fla.- (BUSINESS WIRE) - May 19, 1999 - Orex Gold Mines Corporation (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 that cyanide and easily recovers microfine gold, which cyanide does not.
BUSINESS WEEK ARTICLE
April 19, 1999
"INNOVATIONS"
Quoted from Business Week, April 19, 1999, page 156 - Under the Section Developments to Watch:
"The mining industry hopes to repeal Montana's recent ban on cyanide for extracting precious metals from ores. But Orex Gold Mines Corp. is staking its future on the environmentally friendly Haber Gold Process. Independent tests show that HGP extracts more gold, faster, than cyanide does. Yet HGP's proprietary solvent is non-toxic enough to gargle - just ask its inventor, Norman Haber of Haber Inc. in Towaco, N.J., who has done it. Orex President Warren Hemedinger expects his startup, based in Coral Gables, Fla., to begin pilot HGP extraction at an existing gold mine this summer."
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