YeOldGoldNugget's Blog Spot: Drilling program

Showing posts with label Drilling program. Show all posts

Tuesday, December 22, 2009

A Closer Look at Orex Minerals

By 79Atoms on Tuesday, December 22, 2009

Orex Minerals in the Spotlight.

Orex Minerals - Events Mapped to a Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orex Minerals Inc. Trend Analysis

(What's this?)

Highlights.

November 17, 2009.
Orex's Coneto Project Yields High Gold and Silver Values
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to present an interim reporting on the geological program at the Coneto silver-gold mining camp in Durango State, Mexico. In order to better define drilling targets, the southeastern region of the property has undergone extensive surface examination. This testing clearly illustrates strong parallel mineralized structures for gold and silver, as well as for pathfinder elements. As of the end of October, regional geology... (30 KB)

August 31, 2009
Geological Work Commences on Coneto Silver-Gold Project in Mexico
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that geological field crews have commenced working on the Coneto silver-gold mining camp in Durango State, Mexico. Located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains, Coneto is centrally positioned in the "Mexican Silver Trend". This silver trend, stretching from Guanajuato in the southeast, through the states of Zacatecas and Durango, hosts some of the World's largest silver deposits, including the Fresnillo, Zacatecas, Real de Angeles, La Preciosa, and La Pitarrilla mining camps... (4 KB)

July 16, 2009
Orex Signs Letter of Intent to Purchase 100% of Core Claims in Coneto Silver-Gold Mining Camp in Durango Mexico
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce it has signed a "letter of intent" to purchase 100% of the core mineral concessions within the Coneto silver-gold mining camp in Durango State, Mexico. This agreement, with a number of private Mexican mining companies, gives Orex a strategic position in an important historic mining camp, with... (5 KB)

June 25, 2009
Orex Completes Phase-I Diamond Drilling at Santa Cruz
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that Phase-I diamond drilling program has been completed at the Santa Cruz Project in Durango State, Mexico, a joint venture with Silverex S.A. de C.V. ("Silverex"). Diamond drilling was performed by Major Drilling Group International Inc. and took place in the Western structural district. Thi... (40 KB)

April 27, 2009
Orex Minerals Commences Drilling at Zambraneña
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) announces the commencement of its drilling program, consisting of a planned eight holes within its Santa Cruz Project in Durango State, Mexico; a joint venture with Silverex S.A. de C.V.("Silverex"). Located in the Sierra Madre Occidental Mountains, Otaez Municipality, midway between Tayoltita (San Dimas) and Topia mining camps, the Santa Cruz Project lies within one of the World's most prolific min... (3 KB)

April 08, 2009
Orex hits 6 kilograms Silver per tonne over 1.1 metres on Zambraneña Vein, Diamond Drilling to Commence
Vancouver, B.C. - Orex Minerals Inc. - (REX: TSX-V) is pleased to announce that its joint venture partner Silverex S.A. de C.V. has mobilized an underground mining crew and a new portal has been constructed adjacent to Zambraneña creek on the Santa Cruz Project in Durango, Mexico. Thirty-seven metres of crosscut has opened access to the Zambraneña vein about 10 metres above the historic level 3, plus access to an old stope has been made. The Zambraneña Mine was a high-grade, small scale operation... (7 KB)

These News Releases may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orex relies upon litigation protection for forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Orex Minerals (REX.V) - Gold and Silver in Mexico

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Wednesday, October 14, 2009

Orko Silver Chart October 14, 2009

By 79Atoms on Wednesday, October 14, 2009

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.

So, I suppose everybody has heard the news about Pan American Silver making a friendly take over bid for Aquiline Resources Inc.? So I guess I should start with that first.

A good place to start would be to first watch the following two news videos on Business News Network to let the news sink in:

And then to read through the following PDF's from Pan American Silver :

My opinion, indirectly great advertising for Orko Silver Corp. Investors see Aquiline rising, they see a larger producer doing a friendly takeover of another mid cap silver explorer. Pan American Silver is certainly making sure they will in the long run better benefit of this coming bull run in gold and silver. The deal with Orko Silver, a deal with Aquiline. I don't really think this is such a bad partner to have in these times.

So whether the rise in Orko Silver today and the deal of Pan American Silver with Aquiline have something to do with one and other...I'd say...you bet ya!

Wow, what a day, what a day. We had some big buyer(s) today. Please do leave a comment on my blog will you, leaving your name and a number where I can reach you at:-)
But yeah, before it even was 10 AM we already had about 300K shares traded. Some solid action, that kinda sold the deal for me as to where we were gonna go today price wise. As if the opening of 0.97 didn't already reveal more than enough.

Then the stock did a short dance with the 0.97 which quickly got boring so to spice this one up it decided to make a run for the 1.00 and easily breaking that and putting a high of 1.04 on the boards a little after 12 o clock. The 1.00 was kept on the boards cause the rest of trading was with decent volumes keeping the price well above 1.00 and into a close of 1.01 +0.05 (5.21%)

So, that gives us a fairly good bottom around 0.95 when September 18 saw some decent volume of shares being bought around that average price. Now today again very decent volume around an average of lets say 1.00. All in all, good bottom here from which to built upon the coming days.

Since large buyers do not enter a stock to trade out the next day I'd say this is another holder so that means tomorrow will probably not see that much of profit taking before we head up to even higher ground.

Oh yeah, to those who after looking over the chart still have their hands raised I'd also like for them to leave a comment with their name and a number where I can reach you at...its -flogging some sense into- season you see and I'm in a very generous mood today. Normally, for a decent -flogging some sense into- I'd charge about 50 dollars an hour, but now, for those few I'd do it entirely for free just because I am really that nice of a guy and to sweeten this entire deal for you, I'd not only give you one hour, I'm gonna give you 2 whole hours for free!!

Now don't anybody ever say YeOldGoldNugget doesn't contribute to society!

US Dollar Daily Chart

Chart is courtesy of marketclub.
Marketclub - US Dollar Trend Analysis.

No, not the silver chart today but the US dollar chart. I think posting this chart saves me the work of posting either the gold or the silver one.

That definitely does NOT look good! This has to go further down before it can go up again. If a rally is to materialize from here I'd really like to know the reasons for that....and no that does not include any fairy tales coming from the media.

The dollar has lost another 0.578 cents today and now stands at 75.398 -0.578. Just a matter of time before the 75.00 is broken.

I am curious as to what tomorrows action in gold, silver and the US dollar will bring.

In the links of the day I've added another junior silver miner Excellon Resources Inc. (TSX: EXN) with some spectacular results who also happens to be in the same neck of the woods as Orko Silver is. Durango State, Mexico. That must be the same silver trend thats running through Orko's property. Check out the news release they sent out October the 6th.

3,293 g/t Ag. Today they expanded on those results. So, any doubts anyone should have about what's in the ground there in Mexico should really be wondering by now. The drilling program by Orko and Pan American Silver is vast enough and will last us through the year. Plenty of opportunity to add some decent resources to the list.

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Tuesday, June 16, 2009

Orko Silver's Surface Trenching of Nancy Vein Yields Excellent Results

By 79Atoms on Tuesday, June 16, 2009

June 16, 2009.

Orko Silver's Surface Trenching of Nancy Vein Yields Excellent Results.

(Read original article here.)

VANCOUVER, British Columbia - Orko Silver Corp.("Orko") - (TSX.V - OK) is pleased to announce that it has received positive assay results from its surface trenching program on the Nancy Vein at the La Preciosa Project in Durango, Mexico.

The Nancy Vein is located on the western structural trend and is outside of the current resource estimate area for La Preciosa. Of particular note are trench sample NT09-12, which yielded 4.20 metres grading 1.342 g/t gold and 217.4 g/t silver for a silver-equivalent of 298.0 g/t and trench sample NT09-07, which yielded 8.25 metres grading 0.653 g/t gold and 132.4 g/t silver for a silver-equivalent of 171.0 g/t.

The Nancy Vein is sub-parallel to all the other known veins that comprise this large silver deposit. The Nancy Vein has been exposed by trenching for a distance of over 450 metres and remains open along strike in both directions.

Trenching of vein structures at La Preciosa, including the surface expression of the Martha Vein, has historically yielded lower silver values near surface due to the mobility of silver in low pH rainwater. Thus, these high silver values at surface, along with high gold values, are considered very promising.

Gary Cope, President of Orko, adds: "These results illustrate the excellent exploration potential at La Preciosa. The Nancy Vein represents a distinct separate target and as such, we have prioritized it on the list of drill targets for the upcoming 2009 drilling program."

Trench From To Width Au(g/t) Ag(g/t) Ag-Eq (g/t)
NT09-02 17.55 23.75 6.20 0.508 113.7 144.1
NT09-03 20.00 23.25 3.25 0.673 62.4 102.8
NT09-04 23.00 25.20 2.20 0.337 68.5 88.8
NT09-05 22.70 30.40 7.70 0.215 38.1 51.0
NT09-06 17.50 22.50 5.00 0.368 73.0 95.1
NT09-07 12.20 20.45 8.25 0.643 132.4 171.0
NT09-08 14.00 18.50 4.50 0.704 65.0 107.2
NT09-11 18.20 25.30 7.10 0.175 75.0 85.5
NT09-12 21.80 26.00 4.20 1.324 217.4 298.0
NT09-13 14.70 22.60 7.90 0.713 27.4 70.2
NT09-14 25.40 34.50 9.10 0.321 39.5 58.8
NT09-15 27.80 31.20 3.40 0.327 31.6 51.2
NT09-16 12.00 14.00 2.00 0.394 20.4 44.0

Trench NT09-01, 09 and 10 did not return appreciable results.

A table of complete trench results is available on our website at the link below:

http://www.orkosilver.com/i/pdf/trenchresults.pdf

A detailed trench plan map is available on our website at the link below:

http://www.orkosilver.com/i/pdf/trenchplanmap.pdf

A printer friendly PDF format of this news release is available at the link below:

http://www.investorhub.ca/orkonews06162009.pdf

Ben Whiting, P.Geo., is the Qualified Person and takes responsibility for the technical disclosure in this news release. Full details of the Company's sampling protocols and QA/QC program can be located at our website at the link below:

http://www.orkosilver.com/s/QAQC.asp

Silver-equivalent for the purposes of this trenching program is defined as silver grade plus 60 times gold grade. Metallurgical recoveries and net smelter returns are assumed to be 100% for the silver-equivalent value. Base metal values are not included in the silver-equivalent.

About Orko Silver

Orko Silver Corp. is developing one of the world's largest primary silver deposits, La Preciosa, located near the city of Durango, Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

For further information, contact Orko Silver Corp. at (604) 684-4691 or
visit our website on line at www.orkosilver.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for this News Release. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Orko relies upon litigation protection for forward-looking statements.

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Saturday, January 1, 2005

Quality Assurance / Quality Control Procedures for the Drilling Program at La Preciosa

By 79Atoms on Saturday, January 01, 2005

Sound QA/QC procedures are important both for the company to know what is happening with the samples and for the investors to know that industry "Best Practices" are being met or exceeded.
The following points illustrate the path samples follow from initial core drilling to final announcement of results:

On The Property

1. Drill hole locations are laid out in the field by Orko geologists. Pad construction is supervised and fore-sight / back-sight markers are set to align the direction of drilling.

2. Drilling is being conducted by Major Drilling de Mexico, a subsidiary of Major Drilling Group International Inc., with experienced drillers. They are using two rigs on La Preciosa, a Longyear-44 and a Longyear-38. The diamond drill core is HQ diameter for the total length of the drilling with the Longyear-44. For the Longyear-38, holes start with HQ and reduce to NQ at approximately 260 metres depth. Both of these drill core sizes provide a large sample as recommended for the testing of precious metal deposits.

3. Down-hole surveys are conducted at 50 metre intervals down the drill hole using a Reflex survey device to measure azimuth and dip of the hole.

4. It is the driller's responsibility to insure that the core in the boxes is in the correct order and to mark the length tags for each rod-length of core, as well as mark the inside of the core boxes where the tag is located.

5. Core boxes are picked up from the drill site by Orko personnel and taken to the drill core logging facilities on the property.

6. Boxes are then laid out on logging tables and checked to make sure that the core is continuous and in the right order in each box. Core boxes are cleaned at this stage to remove drill grease.

7. Measurements of core between rod-length tags are taken to determine drill core recovery.

8. The proportions of core fragments greater than 10 cm and 20 cm in length are determined to obtain RQD values. This data is entered into an RQD log. While this information will not be used in the exploration stage, it will be valuable information for future mine design indicating where competent ground and broken ground conditions can be expected.

9. All core boxes and lids are then clearly labelled with the "from" and "to" lengths in metres.

10. Geological logging of the core is conducted and sample positions are marked to conform with lithological/alteration changes. Sample numbers are written inside of the core boxes corresponding to pre-printed sample tags.

11. Chalk lines are marked down the axis of the core and the boxes for sampling are moved to the cutting area. Diamond saw blade cutters are used to cut the core in half. This method is preferred over core splitters for precious metal deposits.

12. The core boxes are returned to their places in order on the logging tables. Strong plastic rock sample bags are labelled with sample numbers on the outside and the sample tags inserted inside, then ½ the core is placed in their respective sample bags.

13. The boxes from which samples have been taken are marked with a red asterisk and placed in sequence on the metal core racks.

14. The sample bags are moved to the testing table for determination of specific gravity. An SG value is determined for every sample and samples with high sulphide and/or barite content, or possessing vugs, are tested twice to confirm higher or lower SG readings. This information is used when determining tonnage.

15. Standards are weighed and inserted every 10th sample. Standards Orko-1 and Orko-3 were made from ore-grade material from the stockpile. Standards Orko-2 and Orko-4 were made from barren basaltic rock and represents a blank value.

16. Sample bags are then closed and inserted in large sacks. These sacks are labelled with the sample range and company name, with the laboratory instruction sheet placed in sack #1 of the sampling batch.

Laboratories

The city of Durango, Mexico, is fortunate to have the services of several analytical laboratories, including the certified labs SGS Mineral Services and Inspectorate. Depending on the work loads of the labs, batches can be sent to either lab. SGS Lab in Durango

17. The sacks of samples are delivered by Orko personnel to the preparation laboratory of SGS Mineral Services in Durango, Mexico.

18. From this point onward, SGS takes responsibility for the samples. SGS is an accredited and well respected analytical company. The Durango lab is where the samples are crushed and a sub-sample is pulverized. The pulverized pulp is placed in kraft sample bags and the un-pulverized portions are returned to the original sample bags.

19. Batches of the sample pulps are shipped by DHL couriers to the Toronto, Canada laboratories of SGS. Orko personnel pick up the remainder of the crushed samples, referred to as "sample rejects", which are taken back to La Preciosa for storage. The sample rejects are thus available for re-testing when required.

SGS Lab in Toronto, Ontario, Canada

20. In Toronto, the sample pulps are analysed by Inductively Coupled Plasma (ICP) for 40 elements. Gold is tested by Fire Assay and silver is tested by Atomic Absorbtion Spectrometry (AAS). Each method has a lower and upper calibration range for which the results are accurately determined.

21. Sample results falling out of the calibration range for the elements Au, Ag, Pb, Zn, Cu and Ba are re-analysed by methods with higher calibration ranges. This is true for silver >300 g/t, gold >10 g/t, and Pb, Zn, Cu and Ba >10,000 ppm.

22. SGS also performs a "duplicate analysis" on every 12th sample, insuring that there is at least one duplicate run with every batch.

Inspectorate Lab in Durango

23. Near the end of 2006, Inspectorate established a new preparation lab in Durango, with a 700 sample-per-run drying oven. Inspectorate is an accredited and well respected analytical company, thus Orko has added Inspectorate to the list of analytical service providers. The sacks of samples are delivered by Orko personnel to the preparation laboratory of Inspectorate Labs in Durango, Mexico.

24. From this point onward, Inspectorate takes responsibility for the samples. The Durango lab is where the samples are crushed and a sub-sample is pulverized. The pulverized pulp is placed in kraft sample bags and the un-pulverized portions are returned to the original sample bags.

25. Batches of the sample pulps are shipped by courier to the Sparks, Nevada, USA laboratories of Inspectorate. Orko personnel pick up the remainder of the crushed samples, referred to as "sample rejects", which are taken back to La Preciosa for storage. The sample rejects are thus available for re-testing when required.

Inspectorate Lab in Sparks, Nevada, USA

26. In Sparks, the sample pulps are analysed by Inductively Coupled Plasma (ICP) for 30 elements. Gold and silver are tested by Fire Assay (FAA). Each method has a lower and upper calibration range for which the results are accurately determined.

27. Sample results falling above the calibration range for the elements Au, Ag, Pb, Zn, Cu and Ba are re-analysed by methods with higher calibration ranges. This is true for silver >200 g/t, gold >10 g/t, and Pb, Zn, Cu and Ba >10,000 ppm.

28. Inspectorate also performs a "duplicate analysis" on every 15th sample, insuring that there is at least one duplicate run with every batch.

Orko in Vancouver and Durango

29. Results are tabulated on spreadsheets and e-mailed to Orko geologists. Originals of the assay certificates are sent in hard-copy format to Vancouver.

30. Upon receiving the completed analytical results, geologists then extract the duplicate and standard samples for examination of expected values versus tested values.

31. The spreadsheet information for the drill hole samples is then matched with the sampling intervals and geological observations for interpretation.

32. Results of the merged data are then sent to Orko management, along with the interpreted true width of the structures.

33. Orko management periodically prepares news releases to make public the information from the drilling in a format compatible with NI 43-101 standards. A "Qualified Person" signs-off on news releases containing technical data.

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