Corex Identifies Two New Gold Zones at Santana Property
15 Novembre 2010 - 4:50PM
Marketwired
Corex Gold Corp. (TSX VENTURE: CGE) (the "Company"), is pleased to
announce that two new gold zones have been identified on its
Santana Property, located in Sonora State Mexico. These two areas
have been identified from Corex Gold's ongoing reconnaissance
program consisting of geo-chemical mapping and sampling. These two
new gold zones are currently being drill tested.
Two Gold Zones are as follows:
The Mina de Oro: area is located three kilometers north-east of
the Nicho Ridge and Nicho main zone. It also occurs on the western
side of the main Quartz Monzonite batholith. An anomalous area of
200 by 350 meters with anomalous gold values has been identified,
the highest values are showing a north-east strike, coincident with
the major north-east altered lineament. Mina de Oro old workings
lie along the strongest anomaly. Drilling has commenced to confirm
this new gold zone.
Cobriza: it is located 2.5 kilometer north of the Nicho Zone; a
soil grid sampling and rock sampling show an anomalous gold area
150 meter wide by 250 meters long, oriented roughly north-east. The
anomalous values are associated with a Quartz breccia a hosted in
quartz monzonite unit. Drilling has commenced to test this new gold
zone.
Please click the following link for a map detailing the new gold
zones:
http://www.corexgold.com/i/pdf/goldzones.pdf
Drilling Update
Corex is continuing with the 2010 RC & Diamond Drill program
that will test continuity between the know corridors and test newly
identified gold zones. Corex is currently awaiting 4100 m of assays
that has been sent to Acme Labs for processing.
Bruno Barde P. Geo., manages Corex's exploration and development
programs and is the Qualified Person as defined by National
Instrument 43-101. He supervised the preparation of the technical
information in this release.
ON BEHALF OF THE BOARD
Craig D. Schneider, President & CEO
Cautionary Statement
The foregoing information may contain forward-looking statements
relating to the future performance of Corex Gold Corporation.
Forward-looking statements, specifically those concerned with
future performance are subject to certain risks and uncertainties,
and actual results may differ materially. These risks and
uncertainties are detailed from time to time in Corex Gold
Corporation's filings with the appropriate securities
commissions.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Corex Gold Corp. Craig Schneider President & CEO
604.683.2505 Corex Gold Corp. Chris Bogart VP Corporate Development
604.683.2505 604.683-2506 (FAX) info@corexgold.com
www.corexgold.com
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