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UPDATE: Oremex Silver Identifies High-Grade Gold-Silver Zones at San Lucas Project; Yet Shares Fall 5%

Oremex Silver Inc. (OAG.V) fell 5% in late morning trade despite announcing today positive results from a recently completed surface outcrop sampling program in the El Doctor zone of the wholly-owned San Lucas silver project.

The company completed drilling nearby that is being re-examined for a better understanding of the potential of the previously unrecognized gold-silver mineralization and to plan a drilling program.

OAG now trades at $0.095, which is just above year lows. Volume traded is about 36,000.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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