Corex Mobilizes Rig and Commences Drill Program on Santana Property
2011年11月24日 - 11:00PM
Marketwired
Corex Gold Corp. (TSX VENTURE:CGE) (the "Company") is pleased to
announce that it is commenced a first phase 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 Ltd. headquartered
in Antofagasta, Chile.
The purpose of this first phase of Diamond Drilling is to start
building continuity between the previously identified three main
zones (Benjamin, Nicho, and Nicho North) where a total of 23,000 m
has been drilled to date. The linking of these known zones would
greatly increase the size and tonnage potential of the property. It
is important to note however that numerous targets outside of the
main working area have been identified and will also be drill
tested in follow up phases of drilling.
Please click the following link:
http://www.corexgold.com/i/pdf/ProposedDrillHoles.pdf
The drill program is targeting excellent results received from
the 2009-2011 Reverse Circulation and Diamond drill programs. The
20,000 m of drilling announced in 2011 will build out on previously
identified zones along strike and down-dip, test newly identified
zones and to test deep lying targets. Some of 2009-2011 drill
highlights which will be tested along strike and down-dip in this
first phase include:
-- S09-033R which returned 19.8 m of 2.30 g/t Au, 444.0 g/t Ag.
-- S09-031R which returned 44.2 m of 1.62 g/t Au, and 0.95 % Cu.
-- S10-042D which returned 22.6 m of 0.5 g/t Au 8.5 g/t Ag, and 1.54 % Cu.
-- SR08-05 which returned 93.0 m of 1.03 g/t Au.
-- S11-099D which returned 161.5 m of 1.04 g/t Au. incl 29.4 m of 2.83 g/t
Au
Initial Drill Targets
Targets have been selected on the Benjamin Zone along strike and
down dip building continuity in between the existing previously
drilled holes. Targets have also been planned for the Nicho North
Zone, selected to test the newly identified "near surface" quartz
vein system and to cut into gold mineralization at depth (mostly
oxide). Holes have also been selected to increase the size of the
known resource in the Nicho Zone, both to the North, and to test
the Southern extents of the mineralization. Lastly a "pure
exploration" hole has been selected via way of traditional mapping,
sampling and trenching at the Zata Zone. This Zone is significant
as it a four km step out from our Nicho Zone where the bulk of the
property drilling has been done to date.
Additional drill targets have been delineated, access created
and pads constructed for the drill program that will continue in
the New Year after this phase is complete.
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.
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 discovery in Sonora,
Mexico. In addition, Goldcorp Inc. (TSX:G)(NYSE:GG) has implemented
an on-going exploration program on Corex's 100% owned Zuloaga
property in Zacatecas, 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 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.comwww.corexgold.com
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