Corex Drills 65.5 m of 0.82 g/t Au (incl. 38.1 m of 1.19 g/t Au) & Confirms Extension of Nicho North Zone
01 Diciembre 2010 - 9:34AM
Marketwired
Corex Gold Corp. (the "Company") (TSX VENTURE: CGE) is pleased to
announce positive drill results from Corex's Santana property in
Sonora, Mexico. Down dip holes were collared in the Nicho North
Zone and have encountered significant mineralization as highlighted
by hole S10-081R which returned 65.5 m of 0.82 g/t Au including
38.1 m of 1.19 g/t Au.
Drill Highlights Include:
-- S10-081R- 65.5 m of 0.82 g/t Au (incl. 38.1 m of 1.19 g/t Au)
-- S10-082R- 74.7 m of 0.78 g/t Au (incl. 29.0 m of 1.32 g/t Au & 13.7 of
1.0 g/t Au)
Nicho North Target
The significance of these most recent holes is that they were
collared approximately 500 m from S10-083D- 87 m of 1.04 g/t Au
(incl. 28.6m of 2.16 g/t Au), (News Release No. 20 dated November
25, 2010) from the Nicho Zone. S10-081R and S10-082R were, 50 m
down dip holes extending the Nicho North Zone further to the west.
The Gold mineralization is in this area is associated with
alteration assemblages that are characterized by pervasive and
structurally controlled iron oxides, quartz vein stockwork, clay
and sericite-illite alteration, at the contact with the Quartz
Monzodiorite, located on the footwall of the mineralized
structure.
S10-85R tested the north-western extension of the Nicho North
zone at the contact with the Quartz Monzodiorite along a
northeasterly structure.
Targets are located within an area measuring 1400 meters x 600
meters as defined by favorable alteration and associated gold
anomalies.
Findings from these most recent drill results confirm the Nicho
North Target is open down dip and along strike to the northwest and
southeast, and the gold mineralization is associated with a
brecciated structural zone, associated with quartz and pyrite
stockwork.
A follow up drill program is planned in the early part of 2011
to further extend this target area and build out the significant
potential of the Nicho North Zone.
Table of Results: Nicho North Zone
---------------------------------------------------------------------------
Grade (gpt) %
From To Interval ----------------------
Hole # Section (m) (m) (m) Au Ag Cu
---------------------------------------------------------------------------
S10-081R 101900NE 57.9 123.4 65.5 0.82 1.67 NSV
---------------------------------------------------------------------------
Incl. 57.9 96.0 38.1 1.19 2.42 NSV
---------------------------------------------------------------------------
S10-081R 102.1 103.6 1.5 0.45 0.7 NSV
---------------------------------------------------------------------------
S10-081R 109.7 114.3 4.6 0.52 0.97 NSV
---------------------------------------------------------------------------
S10-082R 101850NE 27.4 102.1 74.7 0.78 1.35 NSV
---------------------------------------------------------------------------
Incl. 27.4 56.4 29 1.32 2.17 NSV
---------------------------------------------------------------------------
S10-082R 71.6 85.3 13.7 1.0 1.67 NSV
---------------------------------------------------------------------------
S10-082R 100.6 102.1 1.5 0.46 0.7 NSV
---------------------------------------------------------------------------
S10-085R 101900NW 25.9 45.7 19.8 0.22 2.81 NSV
---------------------------------------------------------------------------
Incl. 41.2 42.7 1.5 0.71 2.7 NSV
---------------------------------------------------------------------------
S10-085R 56.4 131.1 74.7 0.36 5.35 0.34
---------------------------------------------------------------------------
Incl. 64.0 82.3 18.3 0.58 8.33 1.01
---------------------------------------------------------------------------
Incl. 89.9 94.5 4.6 0.84 13.8 NSV
---------------------------------------------------------------------------
Incl. 103.6 109.7 6.1 0.39 3.92 0.17
---------------------------------------------------------------------------
Incl. 115.8 123.4 7.6 0.38 6.05 0.29
---------------------------------------------------------------------------
- Reported intervals must be at least 1.5 meters wide; drill hole
intercepts are reported at a 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).
Please click the following link for a map detailing the drill
hole location and a typical section.
http://www.corexgold.com/i/pdf/Nichonorth.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
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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