Dow Jones Utilities 270.17 -5.10 8:07 am PST, April 13, 2004 Dow Jones Spot 193.80 + 0.00 For info, visit access.smallcapnetwork.com Philadelphia Gold & Silver 97.41 -4.31 VOLUME 01: ISSUE 04 Amex Oil 611.04 +0.95 To be removed, please click here.   Feature: Oremex - Tejamen results get the Gold for Silver. Tuesday morning, Oremex Resources (TSXV: ORM) released drilling results from seven holes in the Cerro Prieto zone of its Tejamen silver property in the State of Durango, Mexico. (Release attached below) Yes, they're good. Each release of exploration and drilling results further validates a mining company's worth. Continued accumulation of Oremex shares, based on these results and more to come--as well as the quality of its management-- is recommended. Since our Trading Alert a week ago, the shares--then C$1.19-- have seen an increase of 7 percent to close at C$1.27, Monday and hit a high last Thursday of C$1.33 on heavy volumes. Given the uniqueness of Oremex and the lack of pure silver plays available to investors, we believe that there is significant upside to come for the shares over the next 6-12 months, if not sooner. The rise in the silver price shows little signs of abating. The metal crossed $8 an ounce earlier in April --a level that hasn't been seen with any conviction since the late 1980's when silver made its way to $11 an ounce. While now is the time to be in silver, SmallCap Natural Resource wants to ensure that our readers are also in the right plays, such as Oremex. Apparently, the Tejamen results are better than Oremex's management originally thought and, included, for example, one intersection of 485 feet in drill hole 18 that showed a significant grading of 4.12 ounces of silver per tonne. Smaller intersections in that same hole showed even higher grades. As well, each of five other holes had several significant intersections that exceeded 3 ounces of silver per tonne. The full report --with a chart of intersections and grades-- is included in the Press Release. A resource figure for the area will likely be delineated over the next several weeks. Drilling in the second Tejamen zone--El Manto--has commenced and Oremex has kicked off that program by exploring previous holes that have historically evidenced high grades of silver.  Exploration programs on Oremex's five other properties within Durango and Zacatecas are scheduled for 2004. It's certainly a busy time for the young company and its shareholders as it explores in several promising silver areas within the largest silver producing country--Mexico--in the world. The Durango area is not without its major players. Hecla's (NYSE: HL) major San Sebastian mine, 56 miles northeast of the city of Durango covers concessions over 100 square miles. Between the cities of Durango and Zacatecas lies Pan American Silver's (NASDAQ: PAAS) expansive La Colorada mine. Others in the State of Durango include Wheaton River and Capstone Gold--among many others. Geographically, these companies are located in various areas of Durango, evidencing the vast number of rich silver locations within the State. The building of a resource company means the building of resources. While developing reserves and subsequent production takes time, the process is ongoing as old reserves are depleted and exploration for new resources is always underway. In just a few short months, Oremex has put together an excellent and experienced management team and, as Tuesday's results from Tejamen show, delivered very compelling exploration results in a short period of time.  Given the caliber of that management and the "legs" (according to Chairman Tony Harvey) of the Durango area as a silver producer, we believe that the leverage afforded by Oremex represents an excellent value at these levels for risk-oriented investors who wish to participate in the progress of the metal. This time, the silver market has the look of delivering some significant excitement over the next few months and years.  Junior miners and explorers, in this case Oremex, tend to exceed the returns of simply owning the metal alone over the medium and long term.  For a discussion of some trading options and exchange rate considerations for this Canadian listed stock, please refer to the Primer at the end of our previous Oremex article.   Press release Oremex intersects 4.12 ounces of silver per tonne over 485 feet at the Tejamen Silver property, State of Durango, Mexico Tuesday April 13, 8:45 am ET TSX Venture Exchange: ORM www.oremex.com VANCOUVER, April 13 /CNW/ - Oremex Resources Inc. (TSX VEN:ORM) is pleased to announce excellent drill results (see table below) on its Tejamen Silver property, located in the State of Durango, Mexico. Recent drilling in the Cerro Prieto zone indicates a much larger and higher grade deposit than was originally envisaged by management. Wide intersections (up to 485 feet) in each of holes 13, 18, 27, 28, 29 and 33 exceeded 3 ounces of silver per tonne. Drill hole 18 intersected silver mineralization from surface, and bottomed in similar mineralization at 656 feet (all of the holes were drilled at an angle of 60 degrees from surface), with the thickest intersection being 485 feet grading 4.12 ounces of silver per tonne. Another intersection in hole 18 assayed 5.53 ounces of silver per tonne over 20 feet. To date, 8 "fences" of holes (with each "fence" being 50 meters, or 164 feet apart) have been drilled perpendicular to the strike of the mineralization. Along the fences, holes have been drilled every 30 meters (98 feet). The better intersections to date have been encountered in the last couple of holes drilled on the eastern end of each of the fences, resulting in the deposit being wide open to the east. In addition, the deposit is open along strike in both directions. The Cerro Prieto zone is one of two silver zones identified to date on the Tejamen property. Drilling on the second zone (El Manto) has commenced, and will initially focus on "twinning" previous holes that generated high grade intersections (including one of 22.7 ounces of silver per tonne over 52 feet). Oremex has an additional five properties located in Mexico, on which exploration programs will be undertaken during 2004. Following are some of the recent apparent drill intersections on the Cerro Prieto zone - please see a drill location map on the Oremex website at www.oremex.com Intersections from Oremex's prior drilling (see February 18, 2004 news release) included 3.48 ounces of silver per tonne over 216 feet, 3.22 ounces per tonne over 85 feet, and 2.80 ounces per tonne over 197 feet. Randall Reneau, P. Geo, Oremex's Chief Geologist, is the Qualified Person (QP) responsible for the Tejamen exploration and has verified the data in the table above. The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release. http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=95333 For further information: James Yates, CFO or Sandra Buschau, Manager, Corporate Communications, sandy@oremex.com, T. (604) 683-5651, F. (604) 684-9365   Source: Oremex Resources Inc.   We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130 Unsubscribe Here   D I S C L A I M E R : The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a registered investment advisor or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication. Click Here to view our compensation on every company we have ever covered, or visit the following web address:  http://access.smallcapnetwork.com/compensation_disclosure.html for our full compensation disclosure and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts compensation and disclosure. TGR Group LLC has been paid a fee of $25,000 by the company and 100,000 free trading shares by a third party for coverage of Oremex. (As of the date of publication of this edition, TGR Group LLC has only received $9,000 in cash as compensation for coverage of Oremex. The aforementioned compensation was at one time contemplated, but never completed. This text in parentheses did not appear in the original edition.) All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. The editor, members of the editor's family, and/or entities with  which the editor is affiliated, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain forward-looking statements relating to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET. We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.