Orex Exploration Inc. (OX: TSX-V) is a junior gold exploration company that owns 100% of the Goldboro project in Guysborough County, Nova Scotia, approximately 185 kilometres northeast of Halifax.

 

One of Canada’s first gold mines, Goldboro produced 54,871 ounces of gold between 1893 and 1912 at an average grade of 4.53 g/t gold.

 

On November 11, 2009, the Company signed an Option and Joint Venture Agreement with Osisko Mining Corporation (OSK: TSX), whereby Osisko can earn up to a 60% interest in the Goldboro Property by spending $8,000,000 in exploration and development work and by solely funding a pre-feasibility study. Please see “Agreement with Osisko” for details of this Agreement between Orex and Osisko.

 

Osisko recently completed a total of 59 drill holes / 12,995.5 metres in the 2010 winter program in three campaigns (Phases 2D, 2E and 2F), covering the Ramp Area, West Goldbrook and Dolliver Mountain.

 

Orex is led by a group of seasoned professionals with backgrounds in geology and finance whose mandate is to prove the world-class nature of the gold deposit at Goldboro.