Corex Commences 20,000 m Drill Program on Santana Property
31 Janvier 2011 - 2:00PM
Marketwired
Corex Gold Corp. (the "Company") (TSX VENTURE: CGE) is pleased to
announce that it has commenced a 20,000 m Diamond drill program on
the Santana Property located in Sonora State, Mexico. The company
has awarded the drill contract to GDA Servicios Mineros SA de CV. a
Mexican subsidiary of Guinez Ingenieria Ltda. headquartered in
Antofagasta, Chile.
The Santana property covers 8,000 hectares and is located
approximately 200 kilometers east-southeast of Hermosillo within
the mineral rich, Sierra Madre Occidental gold-silver, copper
porphyry belt, which is in the general area as the Mulatos mine of
Alamos Gold Inc., (approx. 50 km northeast of Santana), the Dolores
mine of Minefinders Corp Ltd., (approx. 105 km northeast of
Santana) and the Ocampo mine of Gammon Gold Inc. (approx. 76 km
east-south-east of Santana). Santana offers gold-silver and copper
targets in a district scale setting, offering the potential to host
substantial precious and base metal resources.
The drill program is targeting excellent results received from
the 2009-2010 Reverse Circulation and Diamond drill programs. The
20,000 m of drilling in 2011 will build out on already identified
zones along strike and down-dip, test newly identified gold zones
and to test deep lying targets. Some of 2009-2010 drill highlights
which will be tested along strike and down-dip include:
-- S10-079D which returned 89.23 m of 1.16 g/t Au including 8.5m of 3.48
g/t Au and 53.9 m of 1.78 g/t Au.
-- S10-083D which returned 87 m of 1.04 g/t Au including 28.6 m of 2.16 g/t
Au.
-- S10-081R which returned 65.5 m of 0.82 g/t Au including 38.1 m of 1.19
g/t Au.
-- S09-33R which returned 19.8 m of 2.30 g/t Au, and 444.0 g/t Ag.
-- S09-31R which returned 44.2 m of 1.62 g/t Au, and 0.95 % Cu.
-- S10-078R which returned 54.9 m of 0.87 g/t Au, 21.8 g/t Ag, and 0.51%
Cu. including 21.1 m of 1.73 g/t Au, 28.7 g/t Ag, and 0.48% Cu, that
ended in mineralization.
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 and CEO
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 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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