Silver

Oro Silver Resources reports that it has executed the formal agreement with Silvrex Ltd. on Mihuatlan property.

Whereby Silvrex can acquire a 60% interest in the Mihuatlan property from Oro Silver by spending US$3.0 million on exploration at the property and issuing one million ordinary shares of Silvrex to Oro Silver over a three year period.

Mr. Herve Thiboutot, CEO & VP Exploration of Oro Silver says:

“This transaction is an example of Oro Silver’s aggressive growth strategy to quickly advance its assets. This agreement with Silvrex also demonstrates our intent to associate ourselves with other quality explorers that can provide capital to advance our properties and deliver results for our shareholders.”

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