Corex Gold Drills 87 m of 1.04 g/t Au Including 28.6 m of 2.16 g/t Au
25 Noviembre 2010 - 5:00AM
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. Up dip
and down dip holes were collared in the Nicho Zone. These new holes
have encountered significant mineralization. S10-083D which
returned 87 m of 1.04 g/t Au also included a higher grade intercept
of 28.6 m of 2.16 g/t Au.
Some Drill Highlights Include:
-- S10-083D- 87 m of 1.04 g/t Au (incl. 28.6 m of 2.16 g/t Au)
-- S10-086D- 13.3 m of 1.46 g/t Au
-- S10-086D- 47.5 m of 0.8 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. Hole S10-83D and S10-86D were drilled on section
101375NW. Hole S10-83D was a down dip hole from hole S10-067R and
S10-86D was an up dip hole from hole S10-67R. These holes indicate
a widening mineralized zone at depth surrounding the higher grade
core, as shown in hole S10-083D, which included 28.6 m of 2.16 g/t
Au.
These two holes confirm 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.
Systematic drilling is continuing at Nicho. The Nicho Zone is
open in all directions and these recent holes significantly expand
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
-------------------------------------------------------
Grade (gpt) %
From To Interval -------------------
Hole # (m) (m) (m) Au Ag Cu
-------------------------------------------------------
S10-083D 87.7 116.5 28.7 0.54 2.62 NSV
-------------------------------------------------------
Incl. 87.7 101.5 13.8 0.78 1.52 NSV
-------------------------------------------------------
Incl. 105.3 108.3 3.0 1.07 15.79 NSV
-------------------------------------------------------
S10-083D 138.9 242.4 103.5 0.97 1.52 NSV
-------------------------------------------------------
Incl. 138.9 140.3 1.4 5.29 2.63 NSV
-------------------------------------------------------
S10-083D 144.0 149.2 5.2 1.03 0.70 NSV
-------------------------------------------------------
S10-083D 163.7 166.4 2.7 1.10 5.75 0.53
-------------------------------------------------------
S10-083D 170.2 175.6 5.4 0.89 2.53 NSV
-------------------------------------------------------
S10-083D 197.3 225.9 28.6 2.16 1.76 NSV
-------------------------------------------------------
S10-083D 230.5 235.8 5.3 1.59 1.95 NSV
-------------------------------------------------------
S10-083D 287.2 287.8 0.7 0.91 1.40 NSV
-------------------------------------------------------
S10-083D 313.0 314.5 1.5 0.94 12.60 NSV
-------------------------------------------------------
S10-086D 51.2 68.0 16.8 1.16 7.34 0.46
-------------------------------------------------------
Incl. 51.2 53.5 2.3 0.80 8.12 0.47
-------------------------------------------------------
Incl. 58.2 68.0 9.8 1.71 9.71 0.63
-------------------------------------------------------
S10-086D 91.2 94.6 3.4 1.11 3.99 0.37
-------------------------------------------------------
S10-086D 106.5 154.0 47.5 0.80 1.52 NSV
-------------------------------------------------------
Incl. 106.5 109.4 2.9 1.36 2.70 0.21
-------------------------------------------------------
Incl. 115.5 117.3 1.8 2.68 1.00 0.15
-------------------------------------------------------
Incl. 121.9 131.3 9.3 0.57 1.15 NSV
-------------------------------------------------------
Incl. 138.6 151.9 13.3 1.46 3.24 0.17
-------------------------------------------------------
S10-086D 185.6 209.4 23.8 0.85 3.10 NSV
-------------------------------------------------------
Incl. 185.6 190.9 5.4 1.56 2.71 0.17
-------------------------------------------------------
S10-086D 200.7 207.5 6.8 1.23 2.50 NSV
-------------------------------------------------------
(i) 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.
(ii) using cut-off grade of 0.2 gmt gold and 4.5 meter internal low grade
limit, hole S10-083D composites include from 138.9 to 225.9, 87 meters at
1.043 g/t Au.
Please click the following link for a map detailing the drill
hole location and a typical section.
http://www.corexgold.com/i/pdf/Nichotwo.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 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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