DOX – TSX.V A9L – Frankfurt DOREX MINERALS INC.. w w w .

Download Report

Transcript DOX – TSX.V A9L – Frankfurt DOREX MINERALS INC.. w w w .

DOX – TSX.V
A9L – Frankfurt
DOREX MINERALS INC..
w w w . d
o r e x . c
T H E C O M PA N Y
Shares Issued:
20,580,034
Dorex Minerals Inc. is a base and precious metals exploration and
development company listed on the TSX Venture Exchange under
the Symbol “DOX” and the Frankfurt Stock Exchange under The
coding “A9L”.
The Company is focused on discovering and advancing mineral
properties by utilizing modern geological science. Managed by a
team of experienced professionals, the Company’s corporate
philosophy is to build shareholder wealth through the acquisition and
development of high quality exploration projects. Dorex’s portfolio is
currently focused in Canada, Mexico, and Slovak Republic.
w w w . d
o r e x . c
YEAR HIGH:
$ 0.34 *
YEAR LOW:
$0.145 *
* As of June 10, 2011
TRES HERMANOS MINE
The Tres Hermanos property is located in the southwestern
portion of the state of Chihuahua, Mexico within the
Batopilas mineral district and centered in the Sierra Madre
Occidental’s famous Mexican Precious Metal Belt. This belt is
famous worldwide for producing large amounts of silver, gold
and copper, including Goldcorp's El Sauzal gold mine just 20
kilometres away, which produced over 200,000 ounces of
gold in 2009 at a total cash cost of US$201 per oz. In
addition, historical reports indicate that 200 million ounces
of silver were produced between 1632 and 1912 from this
region.
w w w . d
o r e x . c
THE PROPERTY
Consists of 328 Hectares and includes the Historic Tres Hermanos
Mine located approximately 10 km from the town of Batopilas.
Situated along large structure containing several mineralized veins
that have been traced on surface through the property for more than
3,500 meters in length.
The structure trends 330° and dips steeply to the east.
A sample collected on surface approx. 900 meters north of the Mine
reportedly assayed 3.3 g/t Au and 0.3% Cu over 4.0 meters.
Developed along strike for 140 meters and to depths of 220 meters,
with two major veins averaging 4-6 and 2-4 respectively.
Recent sample from vein at surface reportedly assayed 28.0 g/t Au
and 10.5% Cu over a 4.5 meter width.
The mine was first discovered in 1903 and was successfully mined until
1936
It has reportedly produced over 104,000 oz. of gold, using a primitive
mill and a poor recovery process.
Recent assays of the tailings returned values up to 4.83 g/t gold and
1.97% copper.
w w w . d
o r e x . c
D O R E X S T R AT E G Y
Dorex Minerals Inc. intends to raise up to $1.5-million through a nonbrokered private placement of up to 10 million units at a price of 15
cents per unit. Each unit will consist of one common share and one
fully transferable share purchase warrant. Each warrant will entitle the
holder thereof to purchase one additional common share of the
company at a price of 25 cents for a period of 12 months following
closing. The proceeds of the private placement will be used for
exploration and for working capital.
For additional information about Dorex and its properties, please go to http://www.dorex.ca
w w w . d
o r e x . c
THE MANAGEMENT TEAM
AUDITOR
JULIUS GALIK – President & Chief Executive Officer
During the past nine years, Mr. Galik has been involved in the development and financing of
various small-cap companies, both private and public. A business man and a financial adviser
with PFSL, he has been mutual fund licensed since 2001. During 2006 and 2007 he served as
a director of Dorex. He is currently also serving as director of Lomiko Resources Inc. He has
been involved in start-up situations within the mining exploration industry in Western
Canada since 2002, and brings strong leadership, mediation and negotiation skills to the
board, as well as many years of financial experience.
McKay LLP
1100 -1177 West Hastings Street
Vancouver, BC, V6E 4T5
Telephone: (604) 687-5806
LEGAL COUNSEL
Holmes & King
1300 - 1111 West Georgia Street
Vancouver, BC, V6E 4M3
Telephone: (604) 681-1310
Facsimile: (604) 681-1307
TRANSFER AGENT
PETER WALTON – Chief Financial Officer
Mr. Walton has been a director of the company since July, 2006. Mr. Walton has held a
variety of senior management positions over the last 30 years. He has been involved with
public trading companies in the junior resource industry for the last 15 years, assisting with
financing, exploration and development of various mineral properties. As BC divisional
controller of Cana Construction Co. Ltd. Mr. Walton was part of the management team of one
of Western Canada's largest and most successful commercial contractors, responsible for all
divisional financial and administrative functions. Mr. Walton was also assistant treasurer for
Laurentian Pacific Insurance Company, responsible for a wide variety of management
functions including a controller with Global Voyagers Financial Corp.
w w w . d
o r e x . c
Computershare Trust Company of Canada
100 University Avenue
Toronto, Ontario, M5J 2Y1
Telephone: 1-866-249-7775
THE MANAGEMENT TEAM
RON HUGHES – Director
Mr. Hughes has over 20 years of business development experience. Having completed his
studies in Resource Economics at the University of Alberta in 1987, Mr. Hughes supported and
directed several businesses on the West Coast. He established North Arm Capital Services and
has been providing Investor Relations & Business Development services to international private
and public companies for nearly two decades.
Introduced to oil & gas investments in 1992, Mr. Hughes assisted in assembling $100 million in
oil & gas producing assets in Western Canada. Between 1997 and 2001, he focused on equity
training and capital structure, and in his capacity as a licensed Investment Advisor with Global
Securities, provided oil & gas analysis to corporate finance. He served 9 years as President and
CEO of TransAmerican Energy Inc. before steeping down to focus on the development of the
Sino American Oil Company, as both its CEO and CFO. Mr. Hughes currently serves on the
boards of five public companies, including Dorex Minerals Inc., both in Canada and the United
States.
DUSAN BERKA, P.Eng. – Director
Mr. Berka is president, chief executive officer and director of Megastar Development Corp., and
is a professional engineer. He is also a director of Lateegra Gold Corp. and was a director of
Dorex Minerals Inc. from November, 2007 to May, 2008, and from September 2009 to present.
w w w . d
o r e x . c
CONTACT INFORMATION:
705 – 1060 Alberni Street
Vancouver, BC
V6E 4K2
E-mail: [email protected]
Tel: 604.688.1160
Fax: 778.330.7871
F O R W A R D - L O O K I N G S TAT E M E N T S A D V I S O R Y
This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forwardlooking statements are made as of the date of this document and Dorex Minerals Inc.. (hereinafter referred to as the “Company”) do
not intend, and do not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to
future events or future performance and reflect management of the Company’s expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of
mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance
coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in
ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed
from time to time in the Company’s interim and annual financial statements and management's discussion and analysis of those
statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to differ materially from those described in forwardlooking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual.
w w w . d
o r e x . c