Orex Minerals (TSXV:REX) has announced that project partner Fresnillo PLC (LSE:FRES) has commenced a Phase-V diamond drilling program of 5,000 meters in 11 holes on the Coneto Gold-Silver Project in Durango, Mexico.
As quoted in the press release:
The Coneto Project is a joint venture, with ownership of 55/45% between Fresnillo and Orex. The mineral concessions of both parties in the Coneto Mining District have recently been combined into a company named âExploraciones y Desarrollos Mineros Coneto S.A.P.I. de C.V.â, in order to advance the project. A Technical Committee, with membership from both companies, guides the exploration programs.
The main objective of the new program will be to extend the diamond drilling coverage adjacent to gold-silver intercepts in the Zona Norte (La Bufa, Santo NiÃ±o and Reliz veins), Zona Oeste (Loma Verde vein), Zona Centro (Descubridora vein) and Zona Sur (Durazno, Impulsora, and Promontorio veins).
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