Corex Identifies More Gold and Acquires New Claims at Santana Property
31 Mars 2011 - 3:00PM
Marketwired
Corex Gold Corp. (the "Company") (TSX VENTURE: CGE) is pleased to
announce that newly identified gold zones have been acquired on
claims contiguous to the Santana Property, located in Sonora State
Mexico. These areas have been identified by the company's ongoing
reconnaissance program consisting of geo-chemical mapping and
sampling. A total of 364 hectares in 6 new claims were acquired
through a lottery held by the Direccion de Minas.
The area is located 4.5 km southeast of Nicho area (Main Zone);
and is lying along one of the major northwest structural
lineaments. The alteration area of El Pima at the southern contact
of a quartz-monzonite plug is an altered area two kilometers long
in a southeasterly direction by one kilometer in a northeasterly
direction.
On the new claims, preliminary geological reconnaissance has
outlined a similar geological and alteration setting as observed in
the Nicho zone (please refer to news release dated March 24, 2011).
Geology encompasses an andesitic package intruded by a monzonite to
quartz-monzonite stock covered by a rhyolitic flows and tuff.
Quartz-pyrite-tourmaline breccias, highly oxidized on surface and
displaying moderate to strong sericitic alteration have been
observed. Two structural systems control favorable alteration and
small old workings were noted on the claims; Gold, Silver and
Copper values had been reported by samples taken on both northwest
and northeast structural systems. An area of strong alteration with
some old workings returned an anomalous area of 500 m x 500 m with
gold values ranging from 0.1 to 3.3 g/t Au. Detail mapping and
sampling is ongoing to delineate further drill targets.
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.
Please click on link below for map outlining new claims
http://www.corexgold.com/i/pdf/Corexnewclaims.pdf
About Corex Gold Corp.
Corex Gold Corp. is a Canadian resource company focused on the
acquisition, exploration, and development of precious metal
deposits in Mexico. Corex is currently developing its flagship
property, the Santana Project, which is a new gold discovery in
Sonora State, Mexico. In addition, Goldcorp Inc. has implemented an
on-going exploration program on Corex's 100% owned Zuloaga property
in Zacatecas State, Mexico.
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.
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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