Corex Gold Drills 89.23 m of 1.16 g/t Au Including 8.5m of 3.48 g/t and 53.9 m of 1.78 g/t at Santana, Sonora State, Mexico
17 Novembre 2010 - 3:53PM
Marketwired
Corex Gold Corp. (the "Company") (TSX VENTURE: CGE) is pleased to
report continued exploration success achieved through the 2010
drill program on its Santana Property, Sonora State, Mexico. Step
out and down dip holes were collared in the Nicho Zone. These new
holes have encountered significant mineralization. S10-079D which
returned 89.23 m of 1.16 g/t Au including 8.5m of 3.48 g/t and 53.9
m of 1.78 g/t.
Some Drill Highlights Include:
-- S10-079D - 89.23 m of 1.16 g/t Au (including 8.5m of 3.48 g/t and 53.9 m
of 1.78 g/t Au)
-- S10-076D - 31.3 m of 1.39 g/t Au
-- S10-070D - 27.9 m of 1.22 g/t Au
Nicho Target
The success from the most recent drill program occurred on a
1000 m x 700 m gold soil anomaly coincident with ground magnetic
and IP survey anomalies. The mineralization is controlled within a
gold bearing structural corridor that is open in all directions and
at depth. The significance of these most recent results is the
high-grade portion of the mineralized zone which is structurally
controlled and at least 200 m long, 50 m wide, with a thickness of
at least 200 m. Surrounding this high-grade core is a mineralized
zone, which is defined by the distribution of the tectonic breccias
and has a strike of 400 m, a width of 400 m and an average
thickness of 200 m.
Detailed modeling of the high-grade portion of the deposit
indicates that the high-grade mineralization is controlled by
several echelon structural zones, suggesting significant potential
for finding additional high-grade zones.
The Nicho Zone is open in all directions and significantly
expands the exploration potential of the project area. Drilling at
Nicho is currently on-going to rapidly expand on its resource
potential.
Table of Results: Nicho Zone
--------------------------------------------------------------------------
From To Length Comp Comp Comp
Hole ID (m) (m) (m) Au ppm Ag ppm Cu %
--------------------------------------------------------------------------
S10-079 71.0 160.2 89.2 1.16 3.12 NSV
--------------------------------------------------------------------------
Include 78.5 132.5 53.9 1.78 4.33 0.15
--------------------------------------------------------------------------
Include 78.5 87.1 8.5 3.48 5.7 NSV
--------------------------------------------------------------------------
193.0 196.1 3.1 1.32 3.19 NSV
--------------------------------------------------------------------------
S10-079 216.9 258.5 41.7 0.54 0.99 NSV
--------------------------------------------------------------------------
Include 220.2 242.6 22.4 0.77 1.11 NSV
--------------------------------------------------------------------------
S10-077D 136.4 161.2 24.8 1.11 4.5 0.13
--------------------------------------------------------------------------
S10-076D 6.0 24.0 18.0 0.35 3.87 NSV
--------------------------------------------------------------------------
Include 16.8 18.0 1.2 2.37 3.9 NSV
--------------------------------------------------------------------------
S10-076D 41.7 54.0 12.3 0.39 0.95 NSV
--------------------------------------------------------------------------
Include 48.0 54.0 6.0 0.61 1.06 NSV
--------------------------------------------------------------------------
S10-076D 107.0 112.2 5.2 2.41 1.7 0.1
--------------------------------------------------------------------------
S10-076D 120.0 151.3 31.3 1.39 2.87 0.17
--------------------------------------------------------------------------
Include 142.5 151.3 8.8 3.71 5.45 0.28
--------------------------------------------------------------------------
S10-076D 157.7 191.7 34.0 0.63 2.1 NSV
--------------------------------------------------------------------------
Include 168.7 185.0 16.3 1.06 2.6 NSV
--------------------------------------------------------------------------
S10-074D 44.9 85.5 40.6 0.73 2.02 0.1
--------------------------------------------------------------------------
Include 77.6 85.5 7.9 2.33 2.06 0.16
--------------------------------------------------------------------------
S10-074D 125.5 206.8 81.3 0.5 1.68 NSV
--------------------------------------------------------------------------
S10-071R 44.2 73.2 29.0 0.71 3.22 NSV
--------------------------------------------------------------------------
S10-071R 62.5 73.2 10.7 1.28 6.38 NSV
--------------------------------------------------------------------------
S10-070D 105.4 126.5 21.1 0.76 15.18 0.25
--------------------------------------------------------------------------
S10-070D 105.4 111.8 6.4 1.19 38.68 0.4
--------------------------------------------------------------------------
S10-070D 115.2 117.0 1.9 1.72 13.77 0.62
--------------------------------------------------------------------------
S10-070D 122.3 124.0 1.7 1.72 8.8 0.46
--------------------------------------------------------------------------
S10-070D 134.5 159.7 25.2 0.37 1.5 NSV
--------------------------------------------------------------------------
Include 134.5 140.3 5.8 0.65 1.88 NSV
--------------------------------------------------------------------------
S10-070D 193.0 210.1 17.1 0.33 0.87 NSV
--------------------------------------------------------------------------
Include 193.0 195.7 2.7 1.07 0.86 NSV
--------------------------------------------------------------------------
S10-070D 217.5 245.4 27.9 1.22 1.5 0.14
--------------------------------------------------------------------------
Include 217.5 218.8 1.3 6.85 7.44 0.77
--------------------------------------------------------------------------
S10-070D 224.9 229.8 5.0 2.33 1.86 0.22
--------------------------------------------------------------------------
S10-070D 234.4 244.3 9.9 1.23 1.5 0.14
--------------------------------------------------------------------------
S10-070D 253.7 266.7 13.0 0.49 0.81 NSV
--------------------------------------------------------------------------
S10-069R 0 10.7 10.7 0.72 1.64 NSV
--------------------------------------------------------------------------
Include 0 4.6 4.6 1.43 1.13 NSV
--------------------------------------------------------------------------
S10-069R 18.3 27.4 9.1 0.66 4.69 NSV
--------------------------------------------------------------------------
S10-069R 38.1 41.1 3.1 0.5 2.49 NSV
--------------------------------------------------------------------------
S10-069R 152.4 166.1 13.7 0.31 1.96 NSV
--------------------------------------------------------------------------
S10-069R 160.0 164.6 4.6 0.5 1.76 NSV
--------------------------------------------------------------------------
S10-068D 49.3 51.0 1.7 0.64 2.7 NSV
--------------------------------------------------------------------------
S10-068D 69.3 84.4 15.1 0.32 1.29 NSV
--------------------------------------------------------------------------
Include 70.6 72.4 1.8 0.93 1.0 NSV
--------------------------------------------------------------------------
S10-068D 119.6 129.0 9.4 0.42 1.76 NSV
--------------------------------------------------------------------------
S10-068D 122.5 126.0 3.5 0.79 4.01 NSV
--------------------------------------------------------------------------
S10-068D 141.0 145.6 4.6 0.48 0.84 NSV
--------------------------------------------------------------------------
Include 141.0 142.5 1.6 0.88 1.4 NSV
--------------------------------------------------------------------------
S10-068D 186.5 194.4 7.9 0.53 0.6 NSV
--------------------------------------------------------------------------
S10-068D 189.7 194.4 4.7 0.76 0.86 NSV
--------------------------------------------------------------------------
S10-068D 203.8 205.2 1.5 0.56 0.7 NSV
--------------------------------------------------------------------------
S10-068D 238.5 278.6 40.1 0.33 0.42 NSV
--------------------------------------------------------------------------
S10-068D 238.5 246.8 8.3 0.46 0.32 NSV
--------------------------------------------------------------------------
S10-068D 251.4 255.6 4.3 0.51 0.29 NSV
--------------------------------------------------------------------------
S10-068D 276.5 278.6 2.1 0.75 2.09 NSV
--------------------------------------------------------------------------
S10-067R 38.1 94.5 56.4 0.47 1.52 NSV
--------------------------------------------------------------------------
Include 38.1 39.6 1.5 0.69 2.3 NSV
--------------------------------------------------------------------------
S10-067R 48.8 54.9 6.1 2.1 2.46 0.19
--------------------------------------------------------------------------
S10-067R 79.3 82.3 3.1 0.46 2.35 NSV
--------------------------------------------------------------------------
S10-067R 86.9 94.5 7.6 0.73 2.22 0.17
--------------------------------------------------------------------------
S10-067R 103.6 198.1 94.5 0.44 1.4 NSV
--------------------------------------------------------------------------
Include 115.8 125.0 9.2 0.71 2.76 0.16
--------------------------------------------------------------------------
S10-067R 131.1 146.3 15.2 0.64 2.06 NSV
--------------------------------------------------------------------------
S10-067R 166.1 181.4 15.2 0.89 2.08 NSV
--------------------------------------------------------------------------
S10-067R 189.0 190.5 1.5 1.26 2.3 NSV
--------------------------------------------------------------------------
S10-066R 59.4 71.6 12.2 0.65 0.88 NSV
--------------------------------------------------------------------------
Include 68.6 71.6 3.1 1.75 2.05 0.11
--------------------------------------------------------------------------
S10-066R 85.3 121.9 36.6 0.61 2.59 NSV
--------------------------------------------------------------------------
Include 91.4 100.6 9.1 0.9 3.1 NSV
--------------------------------------------------------------------------
S10-066R 108.2 109.7 1.5 5.79 2.0 NSV
--------------------------------------------------------------------------
S10-066R 150.9 152.4 1.5 0.89 6.7 0.43
--------------------------------------------------------------------------
S10-066R 233.2 254.5 21.3 1.41 3.6 0.24
--------------------------------------------------------------------------
Include 234.7 253.0 18.3 1.61 3.88 0.27
--------------------------------------------------------------------------
S10-066R 289.6 294.1 4.6 0.31 1.43 NSV
--------------------------------------------------------------------------
Include 289.6 291.1 1.5 0.59 3.0 NSV
--------------------------------------------------------------------------
- Reported intervals must be at least 1.5 meters wide; drill hole
intercepts are reported at a 0.1, 0.2 g/t Au cutoff or a 0.4 g/t Au
cutoff including up to 6.2 m and 3.1 m of internal waste. Corex utilizes
a comprehensive QA/QC program consisting of blanks, drill rig sample
duplicates and reference samples to insure best practices are followed
and the data collected is of the highest quality. All samples were
prepared to normal industry standards and assayed for gold by Fire assay
with AA finish by Acme Industrial Company (ISO 9001:2008 registered
quality system). Intercepts are close to true thickness.
Please click the following link for a map detailing the drill
hole location and a typical section. The table with the drill hole
locations, dips, lengths and .2 g/t comp. will also be updated on
website shortly:
http://www.corexgold.com/i/pdf/Nicho.pdf
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 Corp., in
particular the potential for the Santana property to host a
large-tonnage gold-silver-copper porphyry system. 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 Corp.'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 Corporation Craig Schneider President &
CEO 604.683.2505 Corex Gold Corporation Chris Bogart VP Corporate
Development 604.683.2505 604.683.2506 (FAX) info@corexgold.com
www.corexgold.com
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